Soundbar Market
Soundbar Market Forecasts to 2028 – Global Analysis By Connectivity (Bluetooth, Wi-Fi), Type (Wall-Mounted, Table-Top), Application (Home Audio, Computers, Television Sets) and By Geography
According to Stratistics MRC, the Global Soundbar Market is accounted for $5.18 billion in 2020 and is expected to reach $7.94 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Factors such as increasing the number of smart homes, integration of voice assistance technology in the soundbar, and high popularity of subscription-based music streaming are driving the market growth. However, the availability of low-priced stand-alone speakers is hampering the growth of the market.
Soundbars are audio devices that can project sound from a wider enclosure. They are also known as media bars, and are generally mounted underneath or above a display device. It helps in enhancing the sound experience of consumers.
Based on the connectivity, the bluetooth segment is anticipated to expand at a rapid pace during the forecast period due to greater availability of these devices, at affordable prices and the consumer preference for smart portable devices. By geography, Asia Pacific is going to have high growth during the forecast period owing to growing media consumption and presence of global, regional, and local industry players.
Some of the key players profiled in the Soundbar Market include Bose Corporation, Sonos Inc, Panasonic Corporation, Samsung Electronics Co Ltd, LG Electronics Inc , Boston Acoustics Inc, Hisense Home Appliance Group Co Ltd , Sony Corporation, Xiaomi Corporation, Koninklijke Philips NV, Blaupunkt GmbH (Aurelius Group), Voxx International Corporation, Edifier International Ltd, Polk Audio (DEI Holdings Inc), VIZIO Inc, Sennheiser Electronic GmbH & Co KG, and Onkyo Corporation.
Connectivities Covered:
• Bluetooth
• Wi-Fi
Installation Methods Covered:
• Active Soundbars
• Passive Soundbars
Types Covered:
• Wall-Mounted
• Table-Top
Equipment Types Covered:
• 7.1 Channel
• 5.1 Channel
• 3.1 Channel
• 2.1 Channel
Applications Covered:
• Commercial
• Home Audio
• Computers
• Music Players
• Television Sets
Sales Channels Covered:
• Direct Channel
• Distribution Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Soundbar Market, By Connectivity
5.1 Introduction
5.2 Bluetooth
5.3 Wi-Fi
6 Global Soundbar Market, By Installation Method
6.1 Introduction
6.2 Active Soundbars
6.3 Passive Soundbars
7 Global Soundbar Market, By Type
7.1 Introduction
7.2 Wall-Mounted
7.3 Table-Top
8 Global Soundbar Market, By Equipment Type
8.1 Introduction
8.2 7.1 Channel
8.3 5.1 Channel
8.4 3.1 Channel
8.5 2.1 Channel
9 Global Soundbar Market, By Application
9.1 Introduction
9.2 Commercial
9.3 Home Audio
9.4 Computers
9.5 Music Players
9.6 Television Sets
10 Global Soundbar Market, By Sales Channel
10.1 Introduction
10.2 Direct Channel
10.3 Distribution Channel
10.3.1 Online
10.3.2 Offline
11 Global Soundbar Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Bose Corporation
13.2 Sonos Inc
13.3 Panasonic Corporation
13.4 Samsung Electronics Co Ltd
13.5 LG Electronics Inc
13.6 Boston Acoustics Inc
13.7 Hisense Home Appliance Group Co Ltd
13.8 Sony Corporation
13.9 Xiaomi Corporation
13.10 Koninklijke Philips NV
13.11 Blaupunkt GmbH (Aurelius Group)
13.12 Voxx International Corporation
13.13 Edifier International Ltd
13.14 Polk Audio (DEI Holdings Inc)
13.15 VIZIO Inc
13.16 Sennheiser Electronic GmbH & Co KG
13.17 Onkyo Corporation
List of Tables
1 Global Soundbar Market Outlook, By Region (2019-2028) ($MN)
2 Global Soundbar Market Outlook, By Connectivity (2019-2028) ($MN)
3 Global Soundbar Market Outlook, By Bluetooth (2019-2028) ($MN)
4 Global Soundbar Market Outlook, By Wi-Fi (2019-2028) ($MN)
5 Global Soundbar Market Outlook, By Installation Method (2019-2028) ($MN)
6 Global Soundbar Market Outlook, By Active Soundbars (2019-2028) ($MN)
7 Global Soundbar Market Outlook, By Passive Soundbars (2019-2028) ($MN)
8 Global Soundbar Market Outlook, By Type (2019-2028) ($MN)
9 Global Soundbar Market Outlook, By Wall-Mounted (2019-2028) ($MN)
10 Global Soundbar Market Outlook, By Table-Top (2019-2028) ($MN)
11 Global Soundbar Market Outlook, By Equipment Type (2019-2028) ($MN)
12 Global Soundbar Market Outlook, By 7.1 Channel (2019-2028) ($MN)
13 Global Soundbar Market Outlook, By 5.1 Channel (2019-2028) ($MN)
14 Global Soundbar Market Outlook, By 3.1 Channel (2019-2028) ($MN)
15 Global Soundbar Market Outlook, By 2.1 Channel (2019-2028) ($MN)
16 Global Soundbar Market Outlook, By Application (2019-2028) ($MN)
17 Global Soundbar Market Outlook, By Commercial (2019-2028) ($MN)
18 Global Soundbar Market Outlook, By Home Audio (2019-2028) ($MN)
19 Global Soundbar Market Outlook, By Computers (2019-2028) ($MN)
20 Global Soundbar Market Outlook, By Music Players (2019-2028) ($MN)
21 Global Soundbar Market Outlook, By Television Sets (2019-2028) ($MN)
22 Global Soundbar Market Outlook, By Sales Channel (2019-2028) ($MN)
23 Global Soundbar Market Outlook, By Direct Channel (2019-2028) ($MN)
24 Global Soundbar Market Outlook, By Distribution Channel (2019-2028) ($MN)
25 Global Soundbar Market Outlook, By Online (2019-2028) ($MN)
26 Global Soundbar Market Outlook, By Offline (2019-2028) ($MN)
27 North America Soundbar Market Outlook, By Country (2019-2028) ($MN)
28 North America Soundbar Market Outlook, By Connectivity (2019-2028) ($MN)
29 North America Soundbar Market Outlook, By Bluetooth (2019-2028) ($MN)
30 North America Soundbar Market Outlook, By Wi-Fi (2019-2028) ($MN)
31 North America Soundbar Market Outlook, By Installation Method (2019-2028) ($MN)
32 North America Soundbar Market Outlook, By Active Soundbars (2019-2028) ($MN)
33 North America Soundbar Market Outlook, By Passive Soundbars (2019-2028) ($MN)
34 North America Soundbar Market Outlook, By Type (2019-2028) ($MN)
35 North America Soundbar Market Outlook, By Wall-Mounted (2019-2028) ($MN)
36 North America Soundbar Market Outlook, By Table-Top (2019-2028) ($MN)
37 North America Soundbar Market Outlook, By Equipment Type (2019-2028) ($MN)
38 North America Soundbar Market Outlook, By 7.1 Channel (2019-2028) ($MN)
39 North America Soundbar Market Outlook, By 5.1 Channel (2019-2028) ($MN)
40 North America Soundbar Market Outlook, By 3.1 Channel (2019-2028) ($MN)
41 North America Soundbar Market Outlook, By 2.1 Channel (2019-2028) ($MN)
42 North America Soundbar Market Outlook, By Application (2019-2028) ($MN)
43 North America Soundbar Market Outlook, By Commercial (2019-2028) ($MN)
44 North America Soundbar Market Outlook, By Home Audio (2019-2028) ($MN)
45 North America Soundbar Market Outlook, By Computers (2019-2028) ($MN)
46 North America Soundbar Market Outlook, By Music Players (2019-2028) ($MN)
47 North America Soundbar Market Outlook, By Television Sets (2019-2028) ($MN)
48 North America Soundbar Market Outlook, By Sales Channel (2019-2028) ($MN)
49 North America Soundbar Market Outlook, By Direct Channel (2019-2028) ($MN)
50 North America Soundbar Market Outlook, By Distribution Channel (2019-2028) ($MN)
51 North America Soundbar Market Outlook, By Online (2019-2028) ($MN)
52 North America Soundbar Market Outlook, By Offline (2019-2028) ($MN)
53 Europe Soundbar Market Outlook, By Country (2019-2028) ($MN)
54 Europe Soundbar Market Outlook, By Connectivity (2019-2028) ($MN)
55 Europe Soundbar Market Outlook, By Bluetooth (2019-2028) ($MN)
56 Europe Soundbar Market Outlook, By Wi-Fi (2019-2028) ($MN)
57 Europe Soundbar Market Outlook, By Installation Method (2019-2028) ($MN)
58 Europe Soundbar Market Outlook, By Active Soundbars (2019-2028) ($MN)
59 Europe Soundbar Market Outlook, By Passive Soundbars (2019-2028) ($MN)
60 Europe Soundbar Market Outlook, By Type (2019-2028) ($MN)
61 Europe Soundbar Market Outlook, By Wall-Mounted (2019-2028) ($MN)
62 Europe Soundbar Market Outlook, By Table-Top (2019-2028) ($MN)
63 Europe Soundbar Market Outlook, By Equipment Type (2019-2028) ($MN)
64 Europe Soundbar Market Outlook, By 7.1 Channel (2019-2028) ($MN)
65 Europe Soundbar Market Outlook, By 5.1 Channel (2019-2028) ($MN)
66 Europe Soundbar Market Outlook, By 3.1 Channel (2019-2028) ($MN)
67 Europe Soundbar Market Outlook, By 2.1 Channel (2019-2028) ($MN)
68 Europe Soundbar Market Outlook, By Application (2019-2028) ($MN)
69 Europe Soundbar Market Outlook, By Commercial (2019-2028) ($MN)
70 Europe Soundbar Market Outlook, By Home Audio (2019-2028) ($MN)
71 Europe Soundbar Market Outlook, By Computers (2019-2028) ($MN)
72 Europe Soundbar Market Outlook, By Music Players (2019-2028) ($MN)
73 Europe Soundbar Market Outlook, By Television Sets (2019-2028) ($MN)
74 Europe Soundbar Market Outlook, By Sales Channel (2019-2028) ($MN)
75 Europe Soundbar Market Outlook, By Direct Channel (2019-2028) ($MN)
76 Europe Soundbar Market Outlook, By Distribution Channel (2019-2028) ($MN)
77 Europe Soundbar Market Outlook, By Online (2019-2028) ($MN)
78 Europe Soundbar Market Outlook, By Offline (2019-2028) ($MN)
79 Asia Pacific Soundbar Market Outlook, By Country (2019-2028) ($MN)
80 Asia Pacific Soundbar Market Outlook, By Connectivity (2019-2028) ($MN)
81 Asia Pacific Soundbar Market Outlook, By Bluetooth (2019-2028) ($MN)
82 Asia Pacific Soundbar Market Outlook, By Wi-Fi (2019-2028) ($MN)
83 Asia Pacific Soundbar Market Outlook, By Installation Method (2019-2028) ($MN)
84 Asia Pacific Soundbar Market Outlook, By Active Soundbars (2019-2028) ($MN)
85 Asia Pacific Soundbar Market Outlook, By Passive Soundbars (2019-2028) ($MN)
86 Asia Pacific Soundbar Market Outlook, By Type (2019-2028) ($MN)
87 Asia Pacific Soundbar Market Outlook, By Wall-Mounted (2019-2028) ($MN)
88 Asia Pacific Soundbar Market Outlook, By Table-Top (2019-2028) ($MN)
89 Asia Pacific Soundbar Market Outlook, By Equipment Type (2019-2028) ($MN)
90 Asia Pacific Soundbar Market Outlook, By 7.1 Channel (2019-2028) ($MN)
91 Asia Pacific Soundbar Market Outlook, By 5.1 Channel (2019-2028) ($MN)
92 Asia Pacific Soundbar Market Outlook, By 3.1 Channel (2019-2028) ($MN)
93 Asia Pacific Soundbar Market Outlook, By 2.1 Channel (2019-2028) ($MN)
94 Asia Pacific Soundbar Market Outlook, By Application (2019-2028) ($MN)
95 Asia Pacific Soundbar Market Outlook, By Commercial (2019-2028) ($MN)
96 Asia Pacific Soundbar Market Outlook, By Home Audio (2019-2028) ($MN)
97 Asia Pacific Soundbar Market Outlook, By Computers (2019-2028) ($MN)
98 Asia Pacific Soundbar Market Outlook, By Music Players (2019-2028) ($MN)
99 Asia Pacific Soundbar Market Outlook, By Television Sets (2019-2028) ($MN)
100 Asia Pacific Soundbar Market Outlook, By Sales Channel (2019-2028) ($MN)
101 Asia Pacific Soundbar Market Outlook, By Direct Channel (2019-2028) ($MN)
102 Asia Pacific Soundbar Market Outlook, By Distribution Channel (2019-2028) ($MN)
103 Asia Pacific Soundbar Market Outlook, By Online (2019-2028) ($MN)
104 Asia Pacific Soundbar Market Outlook, By Offline (2019-2028) ($MN)
105 South America Soundbar Market Outlook, By Country (2019-2028) ($MN)
106 South America Soundbar Market Outlook, By Connectivity (2019-2028) ($MN)
107 South America Soundbar Market Outlook, By Bluetooth (2019-2028) ($MN)
108 South America Soundbar Market Outlook, By Wi-Fi (2019-2028) ($MN)
109 South America Soundbar Market Outlook, By Installation Method (2019-2028) ($MN)
110 South America Soundbar Market Outlook, By Active Soundbars (2019-2028) ($MN)
111 South America Soundbar Market Outlook, By Passive Soundbars (2019-2028) ($MN)
112 South America Soundbar Market Outlook, By Type (2019-2028) ($MN)
113 South America Soundbar Market Outlook, By Wall-Mounted (2019-2028) ($MN)
114 South America Soundbar Market Outlook, By Table-Top (2019-2028) ($MN)
115 South America Soundbar Market Outlook, By Equipment Type (2019-2028) ($MN)
116 South America Soundbar Market Outlook, By 7.1 Channel (2019-2028) ($MN)
117 South America Soundbar Market Outlook, By 5.1 Channel (2019-2028) ($MN)
118 South America Soundbar Market Outlook, By 3.1 Channel (2019-2028) ($MN)
119 South America Soundbar Market Outlook, By 2.1 Channel (2019-2028) ($MN)
120 South America Soundbar Market Outlook, By Application (2019-2028) ($MN)
121 South America Soundbar Market Outlook, By Commercial (2019-2028) ($MN)
122 South America Soundbar Market Outlook, By Home Audio (2019-2028) ($MN)
123 South America Soundbar Market Outlook, By Computers (2019-2028) ($MN)
124 South America Soundbar Market Outlook, By Music Players (2019-2028) ($MN)
125 South America Soundbar Market Outlook, By Television Sets (2019-2028) ($MN)
126 South America Soundbar Market Outlook, By Sales Channel (2019-2028) ($MN)
127 South America Soundbar Market Outlook, By Direct Channel (2019-2028) ($MN)
128 South America Soundbar Market Outlook, By Distribution Channel (2019-2028) ($MN)
129 South America Soundbar Market Outlook, By Online (2019-2028) ($MN)
130 South America Soundbar Market Outlook, By Offline (2019-2028) ($MN)
131 Middle East & Africa Soundbar Market Outlook, By Country (2019-2028) ($MN)
132 Middle East & Africa Soundbar Market Outlook, By Connectivity (2019-2028) ($MN)
133 Middle East & Africa Soundbar Market Outlook, By Bluetooth (2019-2028) ($MN)
134 Middle East & Africa Soundbar Market Outlook, By Wi-Fi (2019-2028) ($MN)
135 Middle East & Africa Soundbar Market Outlook, By Installation Method (2019-2028) ($MN)
136 Middle East & Africa Soundbar Market Outlook, By Active Soundbars (2019-2028) ($MN)
137 Middle East & Africa Soundbar Market Outlook, By Passive Soundbars (2019-2028) ($MN)
138 Middle East & Africa Soundbar Market Outlook, By Type (2019-2028) ($MN)
139 Middle East & Africa Soundbar Market Outlook, By Wall-Mounted (2019-2028) ($MN)
140 Middle East & Africa Soundbar Market Outlook, By Table-Top (2019-2028) ($MN)
141 Middle East & Africa Soundbar Market Outlook, By Equipment Type (2019-2028) ($MN)
142 Middle East & Africa Soundbar Market Outlook, By 7.1 Channel (2019-2028) ($MN)
143 Middle East & Africa Soundbar Market Outlook, By 5.1 Channel (2019-2028) ($MN)
144 Middle East & Africa Soundbar Market Outlook, By 3.1 Channel (2019-2028) ($MN)
145 Middle East & Africa Soundbar Market Outlook, By 2.1 Channel (2019-2028) ($MN)
146 Middle East & Africa Soundbar Market Outlook, By Application (2019-2028) ($MN)
147 Middle East & Africa Soundbar Market Outlook, By Commercial (2019-2028) ($MN)
148 Middle East & Africa Soundbar Market Outlook, By Home Audio (2019-2028) ($MN)
149 Middle East & Africa Soundbar Market Outlook, By Computers (2019-2028) ($MN)
150 Middle East & Africa Soundbar Market Outlook, By Music Players (2019-2028) ($MN)
151 Middle East & Africa Soundbar Market Outlook, By Television Sets (2019-2028) ($MN)
152 Middle East & Africa Soundbar Market Outlook, By Sales Channel (2019-2028) ($MN)
153 Middle East & Africa Soundbar Market Outlook, By Direct Channel (2019-2028) ($MN)
154 Middle East & Africa Soundbar Market Outlook, By Distribution Channel (2019-2028) ($MN)
155 Middle East & Africa Soundbar Market Outlook, By Online (2019-2028) ($MN)
156 Middle East & Africa Soundbar Market Outlook, By Offline (2019-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
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