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Global Hi-Fi System Market (2021-2026) by Application Type, System Type, Connectivity Technology Type, Distribution Channel Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5544062
  • Report
  • December 2021
  • Region: Global
  • 184 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Apple, Inc
  • Cambridge Audio
  • JVC Kenwood Holdings, Inc
  • Mclntosh Laboratory, Inc
  • Sharp Corporation
  • Tannoy Ltd
The Global Hi-Fi System Market is estimated to be USD 13.11 Bn in 2021 and is expected to reach USD 17.71 Bn by 2026, growing at a CAGR of 6.2%.



Market Dynamics

The Global Hi-Fi System Market is driving due to rising infotainment services. Increasing innovations in wireless audio technology and advanced sound quality are driving the market's growth. Additionally, the growing adoption of portable devices is fuelling the market's growth. On the other hand, issues related to operating frequency compliance in Hi-Fi systems, health-related issues like chronic sleep, damage in the ear cell. The problem arises from the prolonged use of audio devices such as a loudspeaker, headphones, etc., restricting the market and hampering growth.

Furthermore, the growing market for speakers, soundbars, new products, nonconventional applications in headphones, and growing funding by original equipment manufacturers in research and development activities create potential opportunities for the market to grow in the forecasted period. Moreover, bandwidth constraints, delays in coding, and delivering high-quality and synchronized audio in Hi-Fi systems through wireless are challenges that may negatively affect the market’s growth.

Market Segmentation

  • The Global Hi-Fi System Market is segmented further based on Application Type, System Type, Connectivity Technology Type, Distribution Channel Type, and Geography.
  • By Application Type, the market is classified into Automotive, Commercial, Residential, and others.
  • By System Type, the Hi-Fi System market is classified into Product and Device.
  • By Connectivity Technology Type, the Hi-Fi System market is classified into Wired and Wireless.
  • By Distribution Channel Type, the Hi-Fi System market is classified into Ecommerce and Retail.
  • By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Sennheiser Electronic GmbH & Co. KG and Xilica collaborate to develop a tightly integrated room solution that minimizes installation time improve radio quality for the end user-September 13, 2021
2. Sonos, Inc partnered with Audi to launch a new premium Audi Q4 e-tron and further model including the A1, Q2, and Q3-April 14, 2021
3. Samsung Group partnered with GetWellNetwork to integrate technology by bringing solutions for patient engagement, patient education, and operational improvement capabilities-March 02, 2021

Company Profiles

Some of the companies covered in this report are Apple, Inc, Bose Corporation, DEI Holdings, Inc, Koninklijke Philips N.V, LG Electronics, Inc, Panasonic Corporation, Samsung Group Sennheiser Electronic GmbH & Co. KG, Sony Group Corporation, and Yamaha Corporation, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Hi-Fi System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Hi-Fi System Market

What is the estimated value of the Global Hi-Fi System Market?

The Global Hi-Fi System Market was estimated to be valued at $13.1 Billion in 2021.

What is the growth rate of the Global Hi-Fi System Market?

The growth rate of the Global Hi-Fi System Market is 6.2%, with an estimated value of $17.7 Billion by 2026.

What is the forecasted size of the Global Hi-Fi System Market?

The Global Hi-Fi System Market is estimated to be worth $17.7 Billion by 2026.

Who are the key companies in the Global Hi-Fi System Market?

Key companies in the Global Hi-Fi System Market include Apple, Inc, Arcam Limited, Armstrong Hi, Fi Video Services Ltd, Bang & Olufsen, BBK Electronics Corporation, Bose Corporation, Burmester Audiosysteme GmbH and Casio Computer Co., Ltd.

FEATURED COMPANIES

  • Apple, Inc
  • Cambridge Audio
  • JVC Kenwood Holdings, Inc
  • Mclntosh Laboratory, Inc
  • Sharp Corporation
  • Tannoy Ltd

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Rising Demand for Infotainment Services
4.1.2 Increasing Innovations in Wireless Technology
4.1.3 Growing Adoption of Portable Devices
4.2 Restraints
4.2.1 Issue Related to Operating Frequency Compliance
4.2.2 Health Issues Associated with Prolonged Use of Devices
4.3 Opportunities
4.3.1 The Growing Market for Speaker and Soundbars
4.3.2 Investment and Funding on Research & Development Activities
4.4 Challenges
4.4.1 Delivering High-Quality and Synchronized Audio
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Hi-Fi System Market, By Application Type
6.1 Introduction
6.2 Automotive
6.3 Commercial
6.4 Residential
6.5 Others
7 Global Hi-Fi System Market, By System Type
7.1 Introduction
7.2 Product
7.2.1 Blu-Ray Player
7.2.2 Speaker & Soundbar
7.2.3 CD Players
7.2.4 DVD Players
7.2.5 Headphone & Earphone
7.2.6 Microphone
7.2.7 Network Media Player
7.2.8 Turntable
7.3 Device
7.3.1 Amplifier
7.3.2 DAC
7.3.3 Preamplifier
7.3.4 Receiver
8 Global Hi-Fi System Market, By Connectivity Technology Type
8.1 Introduction
8.2 Wired
8.2.1 Audio Jacks and Cable
8.2.2 Ethernet Cable
8.3 Wireless
8.3.1 AirPlay
8.3.2 Bluetooth
8.3.3 Wi-Fi
8.3.4 Others
9 Global Hi-Fi System Market, By Distribution Channel Type
9.1 Introduction
9.2 Ecommerce
9.3 Retail
10 Global Hi-Fi System Market, By Geography
10.1 Introduction
10.1 America
10.1.1 Argentina
10.1.2 Brazil
10.1.3 Canada
10.1.4 Chile
10.1.5 Colombia
10.1.6 Mexico
10.1.7 Peru
10.1.8 United States
10.1.9 Rest of Americas
10.2 Europe
10.2.1 Austria
10.2.2 Belgium
10.2.3 Denmark
10.2.4 Finland
10.2.5 France
10.2.6 Germany
10.2.7 Italy
10.2.8 Netherlands
10.2.9 Norway
10.2.10 Poland
10.2.11 Russia
10.2.12 Spain
10.2.13 Sweden
10.2.14 Switzerland
10.2.15 United Kingdom
10.2.16 Rest of Europe
10.3 Middle East and Africa
10.3.1 Egypt
10.3.2 Israel
10.3.3 Qatar
10.3.4 Saudi Arabia
10.3.5 South Africa
10.3.6 United Arab Emirates
10.3.7 Rest of MEA
10.4 Asia-Pacific
10.4.1 Australia
10.4.2 Bangladesh
10.4.3 China
10.4.4 India
10.4.5 Indonesia
10.4.6 Japan
10.4.7 Malaysia
10.4.8 Philippines
10.4.9 Singapore
10.4.10 South Korea
10.4.11 Sri Lanka
10.4.12 Thailand
10.4.13 Taiwan
10.4.14 Rest of Asia
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Apple, Inc
12.2 Arcam Limited
12.3 Armstrong Hi-Fi Video Services Ltd
12.4 Bang & Olufsen
12.5 BBK Electronics Corporation
12.6 Bose Corporation
12.7 Burmester Audiosysteme GmbH
12.8 Cambridge Audio
12.9 Casio Computer Co., Ltd
12.10 Danish Audiophile Loudspeaker Industries
12.11 DEI Holdings, Inc
12.12 Human, Inc
12.13 JVC Kenwood Holdings, Inc
12.14 Koninklijke Philips N.V
12.15 LG Electronics, Inc
12.16 Linn Products Limited
12.17 Mclntosh Laboratory, Inc
12.18 Onkyo & Pioneer Corporation
12.19 Panasonic Corporation
12.20 Plantronics, Inc
12.21 Samsung Group
12.22 Sennheiser Electronic GmbH & Co. KG
12.23 Sharp Corporation
12.24 Sonos, Inc
12.25 Sony Group Corporation
12.26 Sound United, LLC
12.27 Tannoy Ltd
12.28 Vervent Audio Group
12.29 Vizio, Inc
12.30 VOXX International Corporation
12.31 Yamaha Corporation
13 Appendix
13.1 Questionnaire
  • Apple, Inc
  • Arcam Limited
  • Armstrong Hi-Fi Video Services Ltd
  • Bang & Olufsen
  • BBK Electronics Corporation
  • Bose Corporation
  • Burmester Audiosysteme GmbH
  • Cambridge Audio
  • Casio Computer Co., Ltd
  • Danish Audiophile Loudspeaker Industries
  • DEI Holdings, Inc
  • Human, Inc
  • JVC Kenwood Holdings, Inc
  • Koninklijke Philips N.V
  • LG Electronics, Inc
  • Linn Products Limited
  • Mclntosh Laboratory, Inc
  • Onkyo & Pioneer Corporation
  • Panasonic Corporation
  • Plantronics, Inc
  • Samsung Group
  • Sennheiser Electronic GmbH & Co. KG
  • Sharp Corporation
  • Sonos, Inc
  • Sony Group Corporation
  • Sound United, LLC
  • Tannoy Ltd
  • Vervent Audio Group
  • Vizio, Inc
  • VOXX International Corporation
  • Yamaha Corporation