Market Analysis and Insights: Global Home Audio Market

Home audio is audio electronics intended for home entertainment use, such as shelf stereos and surround sound receivers. Home audio generally is a series of accessory equipment, which may be intended to enhance or replace standard equipment, such as standard TV speakers. Since surround sound receivers, which are primarily intended to enhance the reproduction of a movie, are the most popular home audio device, the primary field of home audio is home cinema.

Due to the COVID-19 pandemic, the global Home Audio market size is estimated to be worth US$ 11270 million in 2022 and is forecast to a readjusted size of US$ 14580 million by 2029 with a CAGR of 3.7% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Home Theatre in-a-box (HTiB) accounting for % of the Home Audio global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Home Stereo Listeners segment is altered to an % CAGR throughout this forecast period.

Sony Corporation, LG Electronics, Bose and Panasonic Corporation are the key players and accounted for over 50% of the overall Home Audio market share. Other players include Yamaha, Harman, Onkyo (Pioneer), VIZIO, Samsung.

Europe is the largest consumption place, with a consumption market share nearly 29%. Following Europe, China is the second largest consumption place with the consumption market share of 22%.

Global Home Audio Scope and Market Size

The global Home Audio market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Home Audio market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Home Theatre in-a-box (HTiB)

Home Audio Speakers and Systems

Others


Segment by Application


Home Stereo Listeners

Audiophiles

Home Audio Enthusiasts

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


LG

Sony

Panasonic

Bose

Yamaha

Harman

Onkyo (Pioneer)

VIZIO

Samsung

D+M Group (Sound United)

VOXX International

Nortek

Creative Technologies

EDIFIER