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Home Theaters - Global Market Trajectory & Analytics

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    Report

  • 424 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845709

FEATURED COMPANIES

  • Atlantic Technology, Inc.
  • Bose Corporation
  • Koninklijke Philips N.V.
  • Logitech International SA
  • Panasonic Corporation
  • Sharp Corporation

Global Home Theaters Market to Reach US$17.8 Billion by the Year 2026


A home-theater is basically a system that can be used to create a movie theater environment at home. The set up comprises a television and audio/video equipment specifically meant to reproduce the cinema-style entertainment at home. Increasing demand for home theatres can also be attributed to rapid evolution of these systems along with affordability and incorporation of sophisticated features. Homeowners planning to get rid of wired systems without compromising over the sound quality are embracing minimal audio equipment with powerful performance. The market is witnessing increasing influx of wireless audio equipment with inbuilt components. Various companies are offering advanced speakers with built-in amplifiers, eliminating the need to buy separate units. In addition, several players are coming up with souped-up soundbars featuring inbuilt tweeters and woofers for a compact footprint. The integration of audio and video systems with smart appliances is emerging as a prominent trend, enabling immersive experiences. Audio equipment with emerging technologies like IoT, AI and VR are likely to elevate sound quality, comfort and convenience. VR headsets are anticipated to find broader acceptance among young customers and take the entire audio-visual experience to a new level. The market growth is anticipated to be also favored by the smart home trend that allows customers to connect their appliances and audio systems for enhanced interaction. The smart home approach allows users to remotely control their home audio systems through smartphones. The increasing popularity of cloud-based and pay-per-use services is providing users with the option to access music and video online legally.

Amid the COVID-19 crisis, the global market for Home Theaters estimated at US$13.4 Billion in the year 2022, is projected to reach a revised size of US$17.8 Billion by 2026, growing at a CAGR of 8% over the analysis period. Home Theatre In A Box Systems (HTIB), one of the segments analyzed in the report, is projected to grow at a 7.5% CAGR to reach US$11.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sound Bars segment is readjusted to a revised 9.3% CAGR for the next 7-year period. This segment currently accounts for a 25.5% share of the global Home Theaters market. Soundbars offer high grade sound quality when compared to the integrated Digital TV speakers and are extremely compatible with various electronic systems and do not compromise on visual aesthetics as in home theater systems. The credit for the proliferation of soundbars also goes to the ever-growing Digital TV mania. The form factor of soundbars fits in perfectly with the design aesthetics of a flat-panel television and therefore proves to be a competitor for in-wall speakers.

The U.S. Market is Estimated at $4.5 Billion in 2022, While China is Forecast to Reach $2.8 Billion by 2026


The Home Theaters market in the U.S. is estimated at US$4.5 Billion in the year 2022. The country currently accounts for a 34.2% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2026 trailing a CAGR of 11.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the end of the analysis period.

Component Systems Segment to Reach $2 Billion by 2026


In the global Component Systems segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$997.2 Million will reach a projected size of US$1.6 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$207.9 Million by the year 2026, while Latin America will expand at a 7.9% CAGR through the analysis period.

Select Competitors (Total 70 Featured):

  • Atlantic Technology, Inc.
  • B & W Group Limited
  • Bose Corporation
  • Definitive Technology
  • Harman International Industries, Inc.
  • Koninklijke Philips N.V.
  • LG Electronics Inc.
  • Logitech International SA
  • Monitor Audio Ltd.
  • Panasonic Corporation
  • Pioneer Corporation
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Sonos, Inc.
  • Sony Corporation
  • The Quest Group dba GoldenEar Technology
  • Yamaha Corporation

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
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.

FEATURED COMPANIES

  • Atlantic Technology, Inc.
  • Bose Corporation
  • Koninklijke Philips N.V.
  • Logitech International SA
  • Panasonic Corporation
  • Sharp Corporation

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Home Theaters - Global Key Competitors Percentage Market Share in 2022 (E)
  • Market Share by Key Players
  • Market Share by Product Type
  • Market Share by Applications
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Pandemic: A Review
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Spurred by COVID-19-Induced Entertainment Demand, Home Theater is Back on Stage
  • Locking in the Opportunity
  • Soundbars Inch towards Ubiquitous Status amid COVID-19 Crisis
  • An Introduction to Home Theaters
  • Home-theater-in-a-box systems
  • Components of a Home-Theater System
  • Market Outlook
  • Consumer Location Preference for Watching New Movies Post COVID-19
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Prominent Trends Renewing Interest in Dedicated Home Theaters
  • Home Theaters: Major Advances Delivering Cinematic Spectacle at Home
  • Major Design Trends in Home Theaters
  • Multiple Screen Trend Here to Stay
  • Hidden Equipment
  • Bigger Home Theaters Attract Consumers Inclination
  • Multipurpose Rooms
  • Secondary Theaters
  • Eclectic Style Home Theatres Win Big with Cinephiles
  • Growing Smart Homes Catalyze Demand for Home Theaters
  • Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
  • Rise in Home Entertainment Spending Drives Opportunities
  • Leading Streaming Services by Subscriber Base (in Million): 2020
  • Global SVOD Services Market Breakdown of Subscriber Base (in %) by Service Provider: 2021E
  • Global Number of SVoD Subscribers (In Million): 2015-2024
  • Custom Integrators to Cut the Clutter
  • Rapid Growth of OTT Platforms & Rise in Demand for High-Quality Streaming Content to Drive Market Gains
  • Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
  • Artificial Intelligence (AI) Emerges as a Key Technology to Induce Market Growth
  • Soundbars Continue to Grow in Popularity
  • New Soundbars Set to Redefine User Listening Experience
  • Rise in Penetration of Large Flat Panel TVs Fuels Demand for Soundbars
  • Global Sales of OLED and LED TVs (In Million Units) for the Years 2018, 2020, 2022, 2024, & 2026
  • Global Shipments of Televisions by Screen Resolution (2018 & 2022): Percentage Breakdown of Volume Shipments for HD/FHD, 4K and 8K TVs
  • A Peek into Consumer Behavior
  • Home Theatre for Work-from-home
  • Home Theatres as Health Retreats
  • Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
  • Rapid Growth in Urban Households
  • World Urban Population in Millions: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
  • Growing Affluence of Middle Class Consumer Segment
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
  • Rising Living Standards
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Home Theaters Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 70

A selection of companies mentioned in this report includes:

  • Atlantic Technology, Inc.
  • B & W Group Limited
  • Bose Corporation
  • Definitive Technology
  • Harman International Industries, Inc.
  • Koninklijke Philips N.V.
  • LG Electronics Inc.
  • Logitech International SA
  • Monitor Audio Ltd.
  • Panasonic Corporation
  • Pioneer Corporation
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Sonos, Inc.
  • Sony Corporation
  • The Quest Group dba GoldenEar Technology
  • Yamaha Corporation