Home Theaters - Global Market Trajectory & Analytics

Global Home Theaters Market to Reach $48.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Home Theaters estimated at US$15 Billion in the year 2020, is projected to reach a revised size of US$48.1 Billion by 2027, growing at a CAGR of 18.1% over the analysis period 2020-2027. Home Theatre In A Box System, one of the segments analyzed in the report, is projected to record a 19.8% CAGR and reach US$24.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sound Bar segment is readjusted to a revised 17.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 23.4% CAGR

The Home Theaters market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.5 Billion by the year 2027 trailing a CAGR of 23.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 16% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.

Component System Segment to Record 16.2% CAGR

In the global Component System segment, USA, Canada, Japan, China and Europe will drive the 15.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.6 Billion by the year 2027, while Latin America will expand at a 17.7% CAGR through the analysis period.

Select Competitors (Total 43 Featured):

• Atlantic Technology Inc.
• Bose Corporation
• Bowers & Wilkins
• Hometech Digital Pvt. Ltd. (AKAI)
• Koninklijke Philips NV
• LG Electronics, Inc.
• Panasonic Corporation
• Samsung Electronics Co., Ltd.
• Sony Corporation
• Toshiba Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.