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- Global Hi-Fi System Market – Size, Outlook, Trends and Forecast (2024 – 2032)
The HI-FI systems facilitated the users to meet the expectations of sound reproduction with better quality from digital systems such as CD, DVD, speakers and sound bars. HI-FI equipment has accurate frequency response and less amount of noise and distortion. Presently as digitalization of systems is building up adoption, the user’s expectation for reproduction of sound with high quality, resolution, and fidelity has also increased.
Global HI-FI System Market Segments Size & Growth:
Global HI-FI System Market size is projected to reach approximately $16.56 billion by the end of 2024 with a CAGR of close to 6.6% from $10.68 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include growing demand for infotainment services such as streaming music is expected to drive the market for Hi-Fi audio systems, high expenditure on R&D for wireless audio technology by OEMs, advancements in wireless audio technology, and rise in adoption of portable devices. However, negative health effects on children and other user groups and issues related to operating frequency compliance for the wireless Hi-Fi system is thereby hampering the market growth.
Global HI-FI System Market Segments Share:
Global HI-FI System Market is categorised into a product which comprises Speaker & Sound Bar, CD Player, DVD Player, Blu-Ray Player, Network Media Player, Turntable, Headphone & Earphone, and Microphone. Among them, Speaker & Sound Bar segment is expected to hold the largest share is owing to the increasing adoption of wireless devices across the globe. By Device, the market is segmented into DAC, Amplifier, Preamplifier, and Receiver. By Connectivity Technology, the market is segmented into Wired and Wireless. By Application, the market is segmented into Residential, Automotive, Commercial, and Others. Among them, Residential segment Is expected to hold the largest share because of serial technological innovations in the products. By Geography, Asia-Pacific is expected to hold the largest market share because of growing population, the rapid increase in the purchasing power parity (PPP), and adoption of innovative technologies.
Global HI-FI System Market Trends:
- The introduction of Wi-Fi-enabled Hi-Fi systems has led to over 30% growth in sales of wireless products. This can be attributed to the ability of systems to be integrated with sites like Amazon and Google.
- Multi-room technology is quickly catching up with people. Many consumers are becoming interested in technologies that can be combined using intelligent connection systems.
Global HI-FI System Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
- Yamaha Corporation
- LG Electronics Corporation
- Panasonic Corporation
- Sony Corporation
- Samsung Electronics Co., Ltd.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Rise in adoption of portable devices
4.1.2 Advancements in wireless audio technology
4.1.3 High expenditure on R&D for wireless audio technology by OEMs
4.1.4 Growing demand for infotainment services such as streaming music is Expected to drive the market for Hi-Fi audio systems
4.2 Restraints
4.2.1 Negative health effects on children and other user groups
4.2.2 Issues related to operating frequency compliance for wireless Hi-Fi system
4.3 Opportunities
4.3.1 Increasing use of wireless audio devices in the consumer sector
4.3.2 Growth of the market for speakers & soundbars in the emerging regions
4.4 Challenges
4.4.1 Delivering high-quality audio through wireless Hi-Fi system
Chapter 5 Global HI-FI System Market – By Product
5.1 Speaker & Sound Bar
5.1.1 Active
5.1.2 Passive
5.2 CD Player
5.3 DVD Player
5.4 Blu-Ray Player
5.5 Network Media Player
5.6 Turntable
5.7 Headphone & Earphone
5.8 Microphone
Chapter 6 Global HI-FI System Market – By Device
6.1 DAC (Digital-To-Analog Converter)
6.2 Amplifier
6.2.1 Headphone Amplifier
6.2.2 Integrated Stereo Amplifier
6.3 Preamplifier
6.4 Receiver
6.4.1 A/V Receiver
6.4.2 Stereo Receiver
Chapter 7 Global HI-FI System Market – By Connectivity Technology
7.1 Wired
7.1.1 Ethernet Cable
7.1.2 Audio Cable
7.2 Wireless
7.2.1 Specification Comparison of Various Technologies
7.2.2 Bluetooth
7.2.3 Wi-Fi
7.2.4 Airplay
7.3 Others
Chapter 8 Global HI-FI System Market – By Application
8.1 Residential
8.2 Automotive
8.3 Commercial
8.4 Others
Chapter 9 Global HI-FI System Market – By Geography
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 U.K.
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6. Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia & New Zealand
9.4.6 Rest of APAC
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Others
9.6 Middle East & Africa
9.6.1 Middle East
9.6.2 Africa
Chapter 10 Global HI-FI System Market – Company Profiles
10.1 Onkyo Corporation
10.2 Bowers & Wilkins Group Ltd.
10.3 Yamaha Corporation
10.4 Bose Corporation
10.5 Panasonic Corporation
10.6 Harman International Inc.
10.7 LG Electronics Corporation
10.8 DEI Holdings, Inc.
10.9 Koninklijke Philips N.V.
10.10 Samsung Electronics Co., Ltd.
10.11 Sony Corporation
10.12 Tannoy Ltd.
10.13 Sonos, Inc.
Chapter 11 Global HI-FI System Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Additional information
Report Type | Extensive Report, Miniature report, Snapshot Report |
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The HI-FI systems facilitated the users to meet the expectations of sound reproduction with better quality from digital systems such as CD, DVD, speakers and sound bars. HI-FI equipment has accurate frequency response and less amount of noise and distortion. Presently as digitalization of systems is building up adoption, the user’s expectation for reproduction of sound with high quality, resolution, and fidelity has also increased.
Global HI-FI System Market Segments Size & Growth:
Global HI-FI System Market size is projected to reach approximately $16.56 billion by the end of 2024 with a CAGR of close to 6.6% from $10.68 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include growing demand for infotainment services such as streaming music is expected to drive the market for Hi-Fi audio systems, high expenditure on R&D for wireless audio technology by OEMs, advancements in wireless audio technology, and rise in adoption of portable devices. However, negative health effects on children and other user groups and issues related to operating frequency compliance for the wireless Hi-Fi system is thereby hampering the market growth.
Global HI-FI System Market Segments Share:
Global HI-FI System Market is categorised into a product which comprises Speaker & Sound Bar, CD Player, DVD Player, Blu-Ray Player, Network Media Player, Turntable, Headphone & Earphone, and Microphone. Among them, Speaker & Sound Bar segment is expected to hold the largest share is owing to the increasing adoption of wireless devices across the globe. By Device, the market is segmented into DAC, Amplifier, Preamplifier, and Receiver. By Connectivity Technology, the market is segmented into Wired and Wireless. By Application, the market is segmented into Residential, Automotive, Commercial, and Others. Among them, Residential segment Is expected to hold the largest share because of serial technological innovations in the products. By Geography, Asia-Pacific is expected to hold the largest market share because of growing population, the rapid increase in the purchasing power parity (PPP), and adoption of innovative technologies.
Global HI-FI System Market Trends:
- The introduction of Wi-Fi-enabled Hi-Fi systems has led to over 30% growth in sales of wireless products. This can be attributed to the ability of systems to be integrated with sites like Amazon and Google.
- Multi-room technology is quickly catching up with people. Many consumers are becoming interested in technologies that can be combined using intelligent connection systems.
Global HI-FI System Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
- Yamaha Corporation
- LG Electronics Corporation
- Panasonic Corporation
- Sony Corporation
- Samsung Electronics Co., Ltd.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Rise in adoption of portable devices
4.1.2 Advancements in wireless audio technology
4.1.3 High expenditure on R&D for wireless audio technology by OEMs
4.1.4 Growing demand for infotainment services such as streaming music is Expected to drive the market for Hi-Fi audio systems
4.2 Restraints
4.2.1 Negative health effects on children and other user groups
4.2.2 Issues related to operating frequency compliance for wireless Hi-Fi system
4.3 Opportunities
4.3.1 Increasing use of wireless audio devices in the consumer sector
4.3.2 Growth of the market for speakers & soundbars in the emerging regions
4.4 Challenges
4.4.1 Delivering high-quality audio through wireless Hi-Fi system
Chapter 5 Global HI-FI System Market – By Product
5.1 Speaker & Sound Bar
5.1.1 Active
5.1.2 Passive
5.2 CD Player
5.3 DVD Player
5.4 Blu-Ray Player
5.5 Network Media Player
5.6 Turntable
5.7 Headphone & Earphone
5.8 Microphone
Chapter 6 Global HI-FI System Market – By Device
6.1 DAC (Digital-To-Analog Converter)
6.2 Amplifier
6.2.1 Headphone Amplifier
6.2.2 Integrated Stereo Amplifier
6.3 Preamplifier
6.4 Receiver
6.4.1 A/V Receiver
6.4.2 Stereo Receiver
Chapter 7 Global HI-FI System Market – By Connectivity Technology
7.1 Wired
7.1.1 Ethernet Cable
7.1.2 Audio Cable
7.2 Wireless
7.2.1 Specification Comparison of Various Technologies
7.2.2 Bluetooth
7.2.3 Wi-Fi
7.2.4 Airplay
7.3 Others
Chapter 8 Global HI-FI System Market – By Application
8.1 Residential
8.2 Automotive
8.3 Commercial
8.4 Others
Chapter 9 Global HI-FI System Market – By Geography
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 U.K.
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6. Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia & New Zealand
9.4.6 Rest of APAC
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Others
9.6 Middle East & Africa
9.6.1 Middle East
9.6.2 Africa
Chapter 10 Global HI-FI System Market – Company Profiles
10.1 Onkyo Corporation
10.2 Bowers & Wilkins Group Ltd.
10.3 Yamaha Corporation
10.4 Bose Corporation
10.5 Panasonic Corporation
10.6 Harman International Inc.
10.7 LG Electronics Corporation
10.8 DEI Holdings, Inc.
10.9 Koninklijke Philips N.V.
10.10 Samsung Electronics Co., Ltd.
10.11 Sony Corporation
10.12 Tannoy Ltd.
10.13 Sonos, Inc.
Chapter 11 Global HI-FI System Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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