Global Home Audio Equipment Market Share, Size, Industry Trends And Forecast 2018-2023

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  Global Home Audio Equipment Market Influenced
by Technological Advancements
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Report Description and Highlights
Report Description
Global Home Audio Equipment Market Influenced by
Technological Advancements The global home
audio equipment market is growing at a healthy
rate as there is an upsurge in the demand for
wireless systems due to urbanisation,
technological developments and expansion in the
entertainment industry. Over the years,
innovations in technology has consistently helped
humans in making lives simpler and convenient.
One such technology being home audio equipment
which is installed inside the home, aimed to
imitate the commercial theatre performance. It
imparts a bona fide theatre experience and
replicates the realistic scenario by enhancing
the audio quality. Some of the components of home
audio equipment include shelf stereos, surround
sound receiver and a projection system. A new
research report by IMARC Group, titled Home
Audio Equipment Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2018-2023, estimates that the market was worth
US 17 Billion in 2017. The report further
anticipates the market to cross US 23 Billion by
2023, at a projected CAGR of more than 5 over
the forecast period.
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Report Description and Highlights
Report Description

• Market Drivers/Constraints
• The primary factor for the growth of the home
  audio equipment market is a rise in the streaming
  of audio content via wireless systems, for
  instance, Bluetooth which can be connected to a
  portable device.
• Further, a shift in the preferences of consumers
  towards a high-performance home theatre system
  and expanding need for an improved user
  experience are positively influencing the market
  growth.
• With the development of the internet of things
  (IoT) technology worldwide, there has been a
  soaring demand for devices which are compatible
  with different devices. This has broadened the
  growth aspects of the global home audio equipment
  market.
• Flourishing entertainment industry, increasing
  disposable incomes, urbanisation and
  industrialisation rates, technological
  advancements and product innovations by
  manufacturers are some of the other factors which
  are strengthening the demand for home audio
  equipment.
• However, high audio frequency coming from home
  audio equipment may injure the inner ear
  structures and cause noise-induced hearing loss
  (NIHL) within the longer run. This acts as a
  major constraint for the growth of the home audio
  equipment market.
• Read full report _at_ https//www.imarcgroup.com/home
  -audio-equipment-market

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Report Description and Highlights
Report Description
Product Type Insights On the basis of type, the
market is segmented as Blu-ray and DVD players,
home theatre in-a-box (HTIB) and soundbars. Among
these, Blu-ray and DVD players currently exhibit
a clear dominance in the market.   Application
Insights Based on application, the major
segments include television and computers. Home
audio equipment is extensively used in television
as well as computers on account of its ability to
amplify the volume emitted by the standard device
and cater convenience as well as luxury within
the domestic sphere. Distribution Channel
Insights On the basis of distribution channel,
supermarkets and hypermarkets represent the
largest segment as they offer easy accessibility
and convenience to the consumers. They are
followed by specialty stores, convenience stores
and online stores. Regional Insights On a
geographical front, North America presently holds
the majority of the market share owing to the
inclination towards technologically advanced
entertainment products in the region. North
America is followed by Europe, Asia Pacific,
Middle East and Africa, and Latin
America. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
899flagB  
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Report Description and Highlights
Report Description

• Competitive Landscape
• The market is highly concentrated with the
  presence of established manufacturers who compete
  in terms of prices. There is an intense
  competition in the market which makes it
  difficult for new entrants to survive. Some of
  the leading players operating in the market are
• LG
• Qualcomm
• Sony Corporation
• Yamaha Corporation
• Bose Corporation
• Browse more related reports
• Home Security System Market https//www.imarcgrou
  p.com/home-security-system-market
• Portable Generator Market https//www.imarcgroup.
  com/portable-generator-market

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Report Description and Highlights
Report Description

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