Market Overview:
The global home surround sound system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for home theatre in-a-box (HTiB) systems, rising disposable income of consumers, and growing adoption of smart homes. On the basis of type, the HTiB segment is expected to account for a major share of the global home surround sound system market in 2018. This can be attributed to factors such as increasing demand for compact and easy-to-use systems, growing trend of multiroom audio setups, and rising popularity of smart TVs. The HTiB segment is also projected to witness highest growth rate during the forecast period. On the basis of application, use for TVs is expected to account for a major share in 2018 followed by use for computers. Use for TVs is mainly driven by increasing demand from emerging markets such as China and India due to rise in disposable income levels and changing consumer preferences towards premium audio products.
Product Definition:
A home surround sound system is a system of audio components that reproduces surround sound. It typically includes a receiver or amplifier, five or more speakers, and a subwoofer. The importance of home surround sound systems is that they provide an immersive audio experience, allowing the listener to feel as if they are in the middle of the action.
Home Theatre in-a-box (HTiB):
HTiB is a complete home theatre system in a box. It comprises of components such as speakers, amplifier, Blu-ray/DVD player and other accessories like remote control and cables among others. The primary difference between HTiB and conventional surround sound systems is the amount of work that needs to be done by the user for installation.
The emergence of high definition (HD) technology has revolutionized television viewing experience with its improved picture quality & sound capabilities over traditional SD format.
Home Audio Speakers and Systems:
Home audio speakers and systems are devices that are used to play music in a domestic environment. It can be indoor as well as outdoor. The home audio speaker market is driven by factors such as the growing demand for high-quality sound, increasing disposable income of consumers, and changing lifestyles of people leading to the adoption of advanced technologies in their day-to-day activities.
Application Insights:
Use for TVs was the largest application segment in 2017. The growing preference for watching TV and movies at home has led to an increase in the number of households that have a surround sound system with speakers for watching TV. Furthermore, increasing penetration of smart TVs has also boosted demand from this segment as these smart TVs support various functionalities, including accessing online content and playing music through built-in speakers. However, Use for computers is expected to be the fastest-growing application over the forecast period owing to rising demand from consumers who prefer listening to music or watch videos at home instead of traveling or working out. Demand is also driven by consumers who are part of audio/video editing profession or any other creative industry where they need high quality sound effects while working on projects at home.
Regional Analysis:
North America dominated the global home surround sound system market in 2017. This can be attributed to growing trend of HTiB among consumers, increasing disposable income and high adoption rate of advanced technologies in the region. Moreover, presence of key players such as LG Electronics Inc.; Panasonic Corporation; Sony Corporation; and Samsung Group is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for audio equipment from emerging countries such as China and India. Growing penetration rates for internet services coupled with increasing number of households with TVs are some factors driving regional growth. Furthermore, government initiatives encouraging people living in rural areas or remote parts of India or China to have a TV at home are likely boost sales across this region during forecast period 8 years from 2018 To 2030).
Growth Factors:
- Increasing demand for high-quality audio and video content: Home surround sound systems offer an immersive audio experience that can elevate the quality of home entertainment. This is driving demand for these systems, as consumers seek to create a more premium home entertainment experience.
- Advances in technology: Surround sound systems are becoming increasingly sophisticated, with features such as wireless connectivity and voice control becoming more common. This is helping to drive demand for these systems, as consumers seek out the latest technological advancements.
- Rising disposable incomes: As incomes rise around the world, consumers are able to afford higher-end products such as home surround sound systems. This is helping to drive growth in this market as consumers upgrade their existing audio equipment or purchase their first system outright.
- Growing popularity of smart homes: Home surround sound systems can be a key part of a smart home ecosystem, providing enhanced audio capabilities that can be controlled through voice commands or mobile apps .This is helping to fuel growth in this market as homeowners look to add intelligence and convenience to their homes through automation technologies . 5) The increasing trend of multi-room listening : With advances in wireless technology , it’s now possible for homeowners t o listen t o different sources of music throughout their house simultaneously using a single system .This growing trend towards multi-room listening is helping fuel demand for home surround soundsystems
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Surround Sound System Market Research Report
By Type
Home Theatre in-a-box (HTiB), Home Audio Speakers and Systems, Others
By Application
Use for TVs, Use for Computers, Others
By Companies
LG, Sony, Panasonic, Bose, Yamaha, Samsung, Onkyo (Pioneer), Vizio, Sound United, VOXX International, Nortek, Creative Technologies, Edifier, Nakamichi, Klipsch
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Home Surround Sound System Market Report Segments:
The global Home Surround Sound System market is segmented on the basis of:
Types
Home Theatre in-a-box (HTiB), Home Audio Speakers and Systems, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Use for TVs, Use for Computers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG
- Sony
- Panasonic
- Bose
- Yamaha
- Samsung
- Onkyo (Pioneer)
- Vizio
- Sound United
- VOXX International
- Nortek
- Creative Technologies
- Edifier
- Nakamichi
- Klipsch
Highlights of The Home Surround Sound System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home Theatre in-a-box (HTiB)
- Home Audio Speakers and Systems
- Others
- By Application:
- Use for TVs
- Use for Computers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Surround Sound System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A home surround sound system is a set of audio equipment that allows you to listen to music and other audio content in your home with the same quality as if it were being played through an external speaker system.
Some of the key players operating in the home surround sound system market are LG, Sony, Panasonic, Bose, Yamaha, Samsung, Onkyo (Pioneer), Vizio, Sound United, VOXX International, Nortek, Creative Technologies, Edifier, Nakamichi, Klipsch.
The home surround sound system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Surround Sound System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Surround Sound System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Surround Sound System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Surround Sound System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Surround Sound System Market Size & Forecast, 2018-2028
4.5.1 Home Surround Sound System Market Size and Y-o-Y Growth
4.5.2 Home Surround Sound System Market Absolute $ Opportunity
Chapter 5 Global Home Surround Sound System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Surround Sound System Market Size Forecast by Type
5.2.1 Home Theatre in-a-box (HTiB)
5.2.2 Home Audio Speakers and Systems
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Surround Sound System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Surround Sound System Market Size Forecast by Applications
6.2.1 Use for TVs
6.2.2 Use for Computers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Surround Sound System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Surround Sound System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Surround Sound System Analysis and Forecast
9.1 Introduction
9.2 North America Home Surround Sound System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Surround Sound System Market Size Forecast by Type
9.6.1 Home Theatre in-a-box (HTiB)
9.6.2 Home Audio Speakers and Systems
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Surround Sound System Market Size Forecast by Applications
9.10.1 Use for TVs
9.10.2 Use for Computers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Surround Sound System Analysis and Forecast
10.1 Introduction
10.2 Europe Home Surround Sound System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Surround Sound System Market Size Forecast by Type
10.6.1 Home Theatre in-a-box (HTiB)
10.6.2 Home Audio Speakers and Systems
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Surround Sound System Market Size Forecast by Applications
10.10.1 Use for TVs
10.10.2 Use for Computers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Surround Sound System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Surround Sound System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Surround Sound System Market Size Forecast by Type
11.6.1 Home Theatre in-a-box (HTiB)
11.6.2 Home Audio Speakers and Systems
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Surround Sound System Market Size Forecast by Applications
11.10.1 Use for TVs
11.10.2 Use for Computers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Surround Sound System Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Surround Sound System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Surround Sound System Market Size Forecast by Type
12.6.1 Home Theatre in-a-box (HTiB)
12.6.2 Home Audio Speakers and Systems
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Surround Sound System Market Size Forecast by Applications
12.10.1 Use for TVs
12.10.2 Use for Computers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Surround Sound System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Surround Sound System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Surround Sound System Market Size Forecast by Type
13.6.1 Home Theatre in-a-box (HTiB)
13.6.2 Home Audio Speakers and Systems
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Surround Sound System Market Size Forecast by Applications
13.10.1 Use for TVs
13.10.2 Use for Computers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Surround Sound System Market: Competitive Dashboard
14.2 Global Home Surround Sound System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG
14.3.2 Sony
14.3.3 Panasonic
14.3.4 Bose
14.3.5 Yamaha
14.3.6 Samsung
14.3.7 Onkyo (Pioneer)
14.3.8 Vizio
14.3.9 Sound United
14.3.10 VOXX International
14.3.11 Nortek
14.3.12 Creative Technologies
14.3.13 Edifier
14.3.14 Nakamichi
14.3.15 Klipsch
