Market Overview:
The global portable audio system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable audio systems from residential and commercial applications. In terms of type, the market is segmented into up to 100 watts, 100-500 watts, 500-1000 watts, and above 1000 watts. Among these segments, the 500-1000 watt segment is expected to witness highest growth during the forecast period owing to rising demand for high power portable audio systems from commercial applications such as restaurants and bars. Regionally, North America dominates the global portable audio system market followed by Europe and Asia Pacific.
Product Definition:
A portable audio system is a type of audio system that is designed to be moved easily from one location to another. These systems typically include a small speaker unit and a battery pack, which allows the user to listen to music or other audio content without having to plug the system into an electrical outlet. Portable audio systems are often used by people who want to listen to music while they are working out, traveling, or just relaxing at home.
Up to 100 Watts:
Up to 100W is a term used for the power output of audio equipment. It means the maximum power that can be delivered by an audio device without hearing any noise or distortion in normal listening environments. The term was originated in portable audio systems and has been widely adopted across other end-use segments such as car audio, home theater, and portable MP3 players among others.
The growth factor is directly proportional to perceived loudness (PLF).
100-500 Watts:
The global portable audio system market is driven by the growing demand for high-quality sound. The introduction of advanced technologies such as Bluetooth and Wi-Fi in portable devices has led to a shift in consumer preference towards wireless connectivity, thereby driving industry growth.
Technological advancements have also led to the development of low power consumption systems that are lightweight and compact in design.
Application Insights:
The commercial application segment dominated the global portable audio system market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in the number of commercial places such as hotels, restaurants and shopping malls that are opting for this equipment due to a rise in demand from customers who frequent these places for entertainment and relaxation purposes.
The residential application segment is expected to witness significant growth over the forecast period owing to growing consumer preference towards high-quality sound experience at home or while traveling with friends and family. Portable audio systems have become increasingly popular among consumers seeking complete entertainment at home or on-the-go listening experience with their smartphones, tablets or laptops connected wirelessly through Bluetooth technology.
Growing demand among millennials has driven major manufacturers including Harman International Industries Inc., JBL Ltd.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for portable audio systems from U.S. and Canada, which are among the largest music-consuming countries globally. Furthermore, growing trend of outdoor entertainment and rising number of camping sites in North America is expected to drive product demand over the forecast period.
Asia Pacific is projected to be fastest-growing regional market at a CAGR of XX% from 2018 to 2030 due to increasing disposable income levels coupled with growing popularity of outdoor live concerts in China and India as a result of which industry participants are investing more on product development for these markets resulting into higher adoption rate over the forecast period.
Growth Factors:
- Increasing demand for portable audio systems in the automotive sector
- Rising demand for wireless portable audio systems
- Proliferation of digital music formats and online music streaming services
- Growing popularity of outdoor activities and travel among consumers
- Advances in digital signal processing technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Audio System Market Research Report
By Type
Up to 100 Watts, 100-500 Watts, 500-1000 Watts, Above 1000 Watts
By Application
Residential, Commercial
By Companies
Yamaha, Bose Corporation, Sony Corporation, Sennheiser electronic GmbH & Co. KG, Koninklijke Philips N.V.,, Panasonic, Samsung, LG Electronics, Pyle USA, Apple Inc.
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Portable Audio System Market Report Segments:
The global Portable Audio System market is segmented on the basis of:
Types
Up to 100 Watts, 100-500 Watts, 500-1000 Watts, Above 1000 Watts
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
Residential, Commercial
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:
- Yamaha
- Bose Corporation
- Sony Corporation
- Sennheiser electronic GmbH & Co. KG
- Koninklijke Philips N.V.,
- Panasonic
- Samsung
- LG Electronics
- Pyle USA
- Apple Inc.
Highlights of The Portable Audio 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:
- Up to 100 Watts
- 100-500 Watts
- 500-1000 Watts
- Above 1000 Watts
- By Application:
- Residential
- Commercial
- 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 Portable Audio 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 portable audio system is a device that can be used to play music, audiobooks, and other audio files. Portable systems are often smaller and more compact than traditional home stereo systems, making them easier to take with you wherever you go. Some portable systems even have built-in speakers so you can listen without having to connect them to an external source.
Some of the major players in the portable audio system market are Yamaha, Bose Corporation, Sony Corporation, Sennheiser electronic GmbH & Co. KG, Koninklijke Philips N.V.,, Panasonic, Samsung, LG Electronics, Pyle USA, Apple Inc..
The portable audio system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Portable Audio 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 Portable Audio System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Audio 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 Portable Audio 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 Portable Audio System Market Size & Forecast, 2018-2028
4.5.1 Portable Audio System Market Size and Y-o-Y Growth
4.5.2 Portable Audio System Market Absolute $ Opportunity
Chapter 5 Global Portable Audio 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 Portable Audio System Market Size Forecast by Type
5.2.1 Up to 100 Watts
5.2.2 100-500 Watts
5.2.3 500-1000 Watts
5.2.4 Above 1000 Watts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Portable Audio 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 Portable Audio System Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Audio 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 Portable Audio 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 Portable Audio System Analysis and Forecast
9.1 Introduction
9.2 North America Portable Audio 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 Portable Audio System Market Size Forecast by Type
9.6.1 Up to 100 Watts
9.6.2 100-500 Watts
9.6.3 500-1000 Watts
9.6.4 Above 1000 Watts
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 Portable Audio System Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Portable Audio System Analysis and Forecast
10.1 Introduction
10.2 Europe Portable Audio 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 Portable Audio System Market Size Forecast by Type
10.6.1 Up to 100 Watts
10.6.2 100-500 Watts
10.6.3 500-1000 Watts
10.6.4 Above 1000 Watts
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 Portable Audio System Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Portable Audio System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Portable Audio 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 Portable Audio System Market Size Forecast by Type
11.6.1 Up to 100 Watts
11.6.2 100-500 Watts
11.6.3 500-1000 Watts
11.6.4 Above 1000 Watts
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 Portable Audio System Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Portable Audio System Analysis and Forecast
12.1 Introduction
12.2 Latin America Portable Audio 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 Portable Audio System Market Size Forecast by Type
12.6.1 Up to 100 Watts
12.6.2 100-500 Watts
12.6.3 500-1000 Watts
12.6.4 Above 1000 Watts
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 Portable Audio System Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Portable Audio System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Portable Audio 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) Portable Audio System Market Size Forecast by Type
13.6.1 Up to 100 Watts
13.6.2 100-500 Watts
13.6.3 500-1000 Watts
13.6.4 Above 1000 Watts
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) Portable Audio System Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 Portable Audio System Market: Competitive Dashboard
14.2 Global Portable Audio System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yamaha
14.3.2 Bose Corporation
14.3.3 Sony Corporation
14.3.4 Sennheiser electronic GmbH & Co. KG
14.3.5 Koninklijke Philips N.V.,
14.3.6 Panasonic
14.3.7 Samsung
14.3.8 LG Electronics
14.3.9 Pyle USA
14.3.10 Apple Inc.
