HOME Top Market Reports HI-FI System Market by Product (Speakers & Sound Bars, Network Media Players, Blu-Ray Players, Dvd Player, Headphones), Device (Dac, Amplifier, Preamplifier, & Receiver), Connectivity Technology, Applications, And Geography - Global Forecast to 2022

HI-FI System Market by Product (Speakers & Sound Bars, Network Media Players, Blu-Ray Players, Dvd Player, Headphones), Device (Dac, Amplifier, Preamplifier, & Receiver), Connectivity Technology, Applications, And Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: May 2016
Report Code: SE 4321

 

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The Hi-Fi system market is estimated to grow from USD 10.62 Billion in 2015 to USD 16.49 Billion by 2022, at a CAGR of 6.4% between 2016 and 2022. The demand for Hi-Fi systems is expected to increase since the rising trend of high-quality music among audiophiles. Also, the emergence of wireless audio devices has enlarged the usage and applications of a Hi-Fi system. This report forecasts the market size and future growth potential of the Hi-Fi system market on the basis of system, application, connectivity technology, and region. The base year considered for the study is 2015, and the market size forecast is given for the period between 2016 and 2022.

The research methodology used to estimate and forecast the Hi-Fi system market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global Hi-Fi system market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the below figure:

Hi-Fi System Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of the Hi-Fi system market starts with R&D, which comprises system engineering, followed by component purchasing and manufacturing. The report briefly describes all the stakeholders in the Hi-Fi system market, which include product manufacturing, testing and packaging, and distributors.

Key Target Audience:

  • Hi-Fi product and device manufacturers
  • Original technology designers and suppliers
  • Raw material suppliers
  • Integrated device manufacturers (IDMs)
  • Original device manufacturers (ODMs) (discrete and chip manufacturers)
  • Original equipment manufacturers (OEMs)
  • System integrators
  • Electronic hardware equipment manufacturers
  • Technical universities
  • Government space research agencies and private research organizations
  • Research institutes and organizations
  • Market research and consulting firms

Scope of the Report:

The research report segments the Hi-Fi system market into following submarkets:

By System:

  • Product
    • Speaker and sound bar
    • CD player
    • DVD Player
    • Blu-ray player
    • Network media player
    • Turntable
    • Headphone & Earphone
    • Microphone
  • Device
    • DAC
    • Amplifier
    • Receiver
    • Preamplifier

By Connectivity Technology:

  • Wired
    • Ethernet
    • Audio cables
  • Wireless
    • Bluetooth
    • Wi-Fi
    • AirPlay
    • Others

By Application:

  • Residential
  • Commercial
  • Automotive
  • Others

By Region:

  • North America
  • Europe
  • APAC
  • Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Analysis of Hi-Fi system market in different geographies. Country analysis of Hi-Fi system with respect to system and application can be given in the customization.
  • Analysis of various connectivity technologies for different products and devices going into various applications can be given in the customization.

Company Information:

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Growth of the Consumer Electronics Market
                    2.2.2.2 Growth of Gross Domestic Product (GDP)In Developing vs Developed Countries
                    2.2.2.3 Increasing Demand for Smartphones as A Source of Entertainment
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Spectrum Available for the Wireless Audio Transmitter
                    2.2.3.2 Need for the Single Wireless Audio Standard
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Market Opportunities in the Hi-Fi System Market
    4.2 Hi-Fi System Market in North America
    4.3 Market, By System, Value (USD Million) vs Volume (Thousand Units)
    4.4 The Hi-Fi System Market in APAC Countries Expected to Grow at the Highest Rate During the Forecast Period
    4.5 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Hi-Fi System Market, By System
           5.2.2 Market, By Connectivity Technology
           5.2.3 Market, By Application
           5.2.4 Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand for Infotainment Services Such as Streaming Music is Expected to Drive the Market for Hi-Fi Audio Systems
                    5.3.1.2 High Expenditure on R&D for Wireless Audio Technology By Oems
                    5.3.1.3 Advancements in Wireless Audio Technology
                    5.3.1.4 Rise in Adoption of Portable Devices
           5.3.2 Restraints
                    5.3.2.1 Issues Related to Operating Frequency Compliance for Wireless Hi-Fi System
                    5.3.2.2 Negative Health Effects on Children and Other User Groups
           5.3.3 Opportunities
                    5.3.3.1 Growth of the Market for Speakers & Sound Bars in the Emerging Regions
                    5.3.3.2 Increasing Use of Wireless Audio Devices in the Consumer Sector
           5.3.4 Challenges
                    5.3.4.1 Delivering High-Quality Audio Through Wireless Hi-Fi System
           5.3.5 Winning Imperative
                    5.3.5.1 The Increasing Options of Connectivity Technologies are Changing the Trend in the Hi-Fi System Market
    5.4 Patent Analysis, 2013–2016
           5.4.1 Patents Registered Related to Hi-Fi Systems Between 2013 and 2016
           5.4.2 Major Patent Registered Related to Hi-Fi Systems Between 2013 and 2016

6 Industry Trends (Page No. - 55)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Intensity of Competitive Rivalry
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Threat of New Entrants
    6.5 Technology Roadmap
           6.5.1 Present Competition & Product Development
           6.5.2 Key Trends
           6.5.3 New Technology (Emerging and Potential)
                    6.5.3.1 Shift Towards Smart Devices and Connectivity
                    6.5.3.2 Growing Demand for Wireless Audio Systems
                    6.5.3.3 Introduction of Hi-Fi Audio Smartphone

7 Hi-Fi System Market, By System (Page No. - 67)
    7.1 Introduction
    7.2 Product
           7.2.1 Speaker & Sound Bar
                    7.2.1.1 Increasing Popularity of Wireless Speakers & Sound Bar Systems Among Consumers
                               7.2.1.1.1 Active
                               7.2.1.1.2 Passive
           7.2.2 CD Player
           7.2.3 DVD Player
           7.2.4 Blu-Ray Player
           7.2.5 Network Media Player
           7.2.6 Turntable
           7.2.7 Headphone & Earphone
                    7.2.7.1 Increasing Demand for Wireless Headphones Expected to Drive the Market for Hi-Fi Systems
           7.2.8 Microphone
    7.3 Device
           7.3.1 DAC (Digital-To-Analog Convertor)
                    7.3.1.1 Standalone DACs Majorly Used in High-End Hi-Fi Systems to Provide Better Sound Quality
           7.3.2 Amplifier
                    7.3.2.1 Standalone Amplifiers Allow the User to Add More Speakers to A Hi-Fi Stereo System
                               7.3.2.1.1 Headphone Amplifier
                               7.3.2.1.2 Integrated Stereo Amplifier
           7.3.3 Preamplifier
           7.3.4 Receiver
                    7.3.4.1 A/V Receiver
                    7.3.4.2 Stereo Receiver

8 Hi-Fi System Market, By Connectivity Technology (Page No. - 107)
    8.1 Introduction
    8.2 Wired
           8.2.1 Ethernet Cable
           8.2.2 Audio Cable
    8.3 Wireless
           8.3.1 Specification Comparison of Various Technologies
           8.3.2 Bluetooth
           8.3.3 Wi-Fi
           8.3.4 Airplay
           8.3.5 Others
                    8.3.5.1 Skaa
                    8.3.5.2 Sonos
                    8.3.5.3 Play-Fi
                    8.3.5.4 Rf and Ir

9 Hi-Fi System Market, By Application (Page No. - 125)
    9.1 Introduction
    9.2 Residential
           9.2.1 Growing Popularity of Wireless Hi-Fi Audio Systems in Home Entertainment Application
                    9.2.1.1 Home Entertainment
    9.3 Automotive
           9.3.1 Increasing Installation of A Hi-Fi System in Cars
                    9.3.1.1 Cars
                    9.3.1.2 Others (Marine and Bus)
    9.4 Commercial
           9.4.1 Demand for High-End Hi-Fi Systems Among Musicians, Djs, and Entertainers
                    9.4.1.1 Restaurant
                    9.4.1.2 Multiplex
                    9.4.1.3 Shopping Mall
                    9.4.1.4 Others
    9.5 Others
           9.5.1 Increasing Demand for Hi-Fi Headphones and Microphones in Security and Military Applications

10 Hi-Fi System Market, By Geography (Page No. - 141)
     10.1 Introduction
     10.2 North America
             10.2.1 Growing Popularity of High-Performance Audio Products Drives the Growth of the Hi-Fi System Market in North America
             10.2.2 U.S.
             10.2.3 Canada
             10.2.4 Mexico
     10.3 Europe
             10.3.1 The Increasing Number of Exhibitions, Conclaves, and Concerts is the Key Driver for the Rising Demand for Hi-Fi Systemsin the Commercial Application
             10.3.2 Germany
             10.3.3 U.K.
             10.3.4 France
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 APAC
             10.4.1 The Growing Population, Rapid Increase in the Purchasing Power Parity (PPP), and Adoption of Innovative Technologies Expected to Drive the Hi-Fi System Market in APAC
             10.4.2 Japan
             10.4.3 China
             10.4.4 Australia
             10.4.5 India
             10.4.6 Rest of APAC
     10.5 Rest of the World (RoW)
             10.5.1 South America
             10.5.2 Middle East
             10.5.3 Africa

11 Competitive Landscape (Page No. - 166)
     11.1 Overview
     11.2 Market Ranking Analysis for the Hi-Fi System Market, 2015
     11.3 Competitive Situations and Trends
     11.4 Recent Development
             11.4.1 New Product Launches
             11.4.2 Partnerships, Joint Ventures, and Contracts
             11.4.3 Mergers & Acquisitions

12 Company Profiles (Page No. - 173)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 Onkyo Corporation
     12.3 Bowers & Wilkins Group Ltd.
     12.4 Yamaha Corporation
     12.5 Bose Corporation
     12.6 Panasonic Corporation
     12.7 Harman International Inc.
     12.8 LG Electronics Corporation
     12.9 DEI Holdings, Inc.
     12.10 Koninklijke Philips N.V.
     12.11 Samsung Electronics Co., Ltd.
     12.12 Sony Corporation
     12.13 Tannoy Ltd.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 207)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customization
     13.6 Related Reports


List of Tables (93 Tables)

Table 1 Growing Demand for Infotainment Services Such as Streaming Music Acts as A Major Driver for the Hi-Fi System Market
Table 2 Issues Related to Operating Frequency Compliance Affects the Market for Wireless Hi-Fi Systems
Table 3 Growth of the Market for Sound Bars in the Emerging Regions is Expected to Drive the Market for Hi-Fi Speakers & Sound Bar Systems
Table 4 Manufacturers are Facing Challenges in Delivering High-Quality Audio
Table 5 Connectivity Technology Providers are the Game Changers for the Wireless Hi-Fi System Market
Table 6 Key Patents in the Hi-Fi Systems Market, 2013–2016
Table 7 The Porter’s Five Forces Analysis: Bargaining Power of Buyers is Likely to Have A Huge Impact on the Overall Market in 2015
Table 8 Market, By System, 2013–2022 (USD Million)
Table 9 Market Size, By Product, 2013–2022 (USD Million)
Table 10 Market Size, By Product, 2013–2022 (Thousand Units)
Table 11 Hi-Fi System Market for Speakers & Sound Bars, By Application, 2013–2022 (USD Million)
Table 12 Market for Speakers & Sound Bars, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 13 Market for Speakers & Sound Bars, By Region, 2013–2022 (USD Million)
Table 14 Hi-Fi System Market for CD Players, By Application, 2013–2022 (USD Million)
Table 15 Market for CD Players, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 16 Market for CD Players, By Region, 2013–2022 (USD Million)
Table 17 Market for DVD Players, By Application, 2013–2022 (USD Million)
Table 18 Market for DVD Players, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 19 Market for DVD Players, By Region, 2013–2022 (USD Million)
Table 20 Market for Blu-Ray Players, By Application, 2013–2022 (USD Million)
Table 21 Market for Blu-Ray Players, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 22 Market for Blu-Ray Players, By Region, 2013–2022 (USD Million)
Table 23 Hi-Fi System Market for Network Media Players, By Application, 2013–2022 (USD Million)
Table 24 Market for Network Media Players, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 25 Market for Network Media Players, By Region, 2013–2022 (USD Million)
Table 26 Market for Turntables, By Application, 2013–2022 (USD Million)
Table 27 Market for Turntables, By Wireless Connectivity Technology, 2013–2022 (USD Thousand)
Table 28 Market for Turntables, By Region, 2013–2022 (USD Million)
Table 29 Market for Headphones & Earphones, By Application, 2013–2022 (USD Million)
Table 30 Market for Headphones & Earphones, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 31 Market for Headphones & Earphones, By Region, 2013–2022 (USD Million)
Table 32 Hi-Fi System Market for Microphones, By Application, 2013–2022 (USD Million)
Table 33 Market for Microphones, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 34 Market for Microphones, By Region, 2013–2022 (USD Million)
Table 35 Hi-Fi System Market, By Device, 2013–2022 (USD Million)
Table 36 Market, By Device, 2013–2022 (Thousand Units)
Table 37 Hi-Fi System Market for DAC, By Application, 2013–2022 (USD Million)
Table 38 Market for DACs, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 39 Market for DAC, By Region, 2013–2022 (USD Million)
Table 40 Hi-Fi System Market for Amplifiers, By Application, 2013–2022 (USD Million)
Table 41 Market for Amplifiers, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 42 Market for Amplifiers, By Region, 2013–2022 (USD Million)
Table 43 Hi-Fi System Market for Preamplifiers, By Application, 2013–2022 (USD Million)
Table 44 Market for Preamplifiers, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 45 Market for Preamplifiers, By Region, 2013–2022 (USD Million)
Table 46 Hi-Fi System Market for Receivers, By Application, 2013–2022 (USD Million)
Table 47 Market for Receivers, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 48 Market for Receivers, By Region, 2013–2022 (USD Million)
Table 49 Market Size, By Connectivity Technology, 2013–2022 (USD Million)
Table 50 Market for Wired Connectivity Technology, By Product, 2013–2022 (USD Million)
Table 51 Market for Wired Connectivity Technology, By Device, 2013–2022 (USD Million)
Table 52 Overview of the Technical Capabilities of the Wireless Connectivity Technologies
Table 53 Market, By Wireless Connectivity Technology, 2013–2022 (USD Million)
Table 54 Market for Wireless Connectivity Technology, By Product, 2013–2022 (USD Million)
Table 55 Market for Wireless Connectivity Technology, By Device, 2013–2022 (USD Million)
Table 56 Market for Bluetooth Connectivity Technology, By Product, 2013–2022 (USD Million)
Table 57 Market for Bluetooth Connectivity Technology, By Device, 2013–2022 (USD Million)
Table 58 Market Size for Wi-Fi Connectivity Technology, By Product, 2013–2022 (USD Million)
Table 59 Market for Wi-Fi Connectivity Technology, By Device, 2013–2022 (USD Million)
Table 60 Market for Airplay Connectivity Technology, By Product, 2013–2022 (USD Million)
Table 61 Market for Airplay Connectivity Technology, By Device, 2013–2022 (USD Million)
Table 62 Market for Other Connectivity Technologies, By Product, 2013–2022 (USD Million)
Table 63 Market for Other Connectivity Technologies, By Device, 2013–2022 (USD Million)
Table 64 Hi-Fi System Market, By Application, 2013–2022 (USD Million)
Table 65 Market for Residential Application, By Product, 2013–2022 (USD Million)
Table 66 Market for Residential Application, By Device, 2013–2022 (USD Million)
Table 67 Market for Automotive Application, By Product, 2013–2022 (USD Million)
Table 68 Market for Automotive Application, By Device, 2013–2022 (USD Million)
Table 69 Market for Commercial Application, By Product, 2013–2022 (USD Million)
Table 70 Market for Commercial Application, By Device, 2013–2022 (USD Million)
Table 71 Market for Other Applications, By Product, 2013–2022 (USD Million)
Table 72 Market for Other Applications, By Device, 2013–2022 (USD Million)
Table 73 Hi-Fi System Market Size, By Region, 2013–2022 (USD Million)
Table 74 Market in North America, By System, 2013–2022 (USD Million)
Table 75 Market in North America, By Product, 2013–2022 (USD Million)
Table 76 Market in North America, By Device, 2013–2022 (USD Million)
Table 77 Market in North America, By Country, 2013–2022 (USD Million)
Table 78 Hi-Fi System Market in Europe, By System, 2013–2022 (USD Million)
Table 79 Market in Europe, By Product, 2013–2022 (USD Million)
Table 80 Market in Europe, By Device, 2013–2022 (USD Million)
Table 81 Market in Europe, By Country, 2013–2022 (USD Million)
Table 82 Market in APAC, By System, 2013–2022 (USD Million)
Table 83 Market in APAC, By Product, 2013–2022 (USD Million)
Table 84 Market in APAC, By Device, 2013–2022 (USD Million)
Table 85 Market in APAC, By Country, 2013–2022 (USD Million)
Table 86 Market in RoW, By System, 2013–2022 (USD Million)
Table 87 Market in RoW, By Product, 2013–2022 (USD Million)
Table 88 Market in RoW, By Device, 2013–2022 (USD Million)
Table 89 Market in RoW, By Region, 2013–2022 (USD Million)
Table 90 Market Ranking of the Top 5 Players in the Hi-Fi System Market, 2015
Table 91 New Product Launches, 2013–2016
Table 92 Partnerships, Joint Ventures, and Contracts, 2013–2016
Table 93 Merger & Acquisitions, 2013–2016


List of Figures (111 Figures)

Figure 1 Hi-Fi System Market: Segmentation
Figure 2 Market: Research Design
Figure 3 Consumer Electronics Market in the U.S. (2010–2012)
Figure 4 Growth in of GDP in Developing vs Developed Countries
Figure 5 Growth in Smartphone Users (2012–2017)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Market Size in Terms of Value and Volume, 2013–2022
Figure 10 Residential Application Dominated the Hi-Fi System Market in 2015
Figure 11 Market, By Connectivity Technology, 2013–2022 (USD Million)
Figure 12 The Hi-Fi System Market in India Expected to Grow at the Highest Rate During the Forecast Period
Figure 13 APAC Held the Largest Share of Hi-Fi System Market in 2015
Figure 14 Increasing Demand for Wireless Hi-Fi Systems Propel the Growth of the Market During the Forecast Period
Figure 15 Speakers & Sound Bars Held the Largest Share of the Hi-Fi Systems Market Based on Product in 2015
Figure 16 Speakers & Sound Bars Collectively Held the Largest Size of the Hi-Fi System Market in 2015
Figure 17 U.S. Held the Largest Share of the Hi-Fi System Market in 2015
Figure 18 Market in APAC is Currently at the Growth Stage
Figure 19 Geographical Segmentation of Hi-Fi Market
Figure 20 Growing Demand of Infotainment Services and Advancement in Wireless Audio Technology Will Spur the Demand for Hi-Fi System
Figure 21 Connected Audio Device Installed Base, 2014–2018 (Million Units)
Figure 22 Global Unit Shipment of Sound Bars & Speakers, 2010–2015 (Million Units)
Figure 23 Total Patents Registered Related to Hi-Fi Systems, 2013–2016
Figure 24 Major Value is Added During the Manufacturing and Assembly Stage
Figure 25 Supply Chain of the Major Players in the Hi-Fi System Market
Figure 26 The Porter’s Five Forces Analysis (2015)
Figure 27 Market: Porter’s Five Forces Analysis, 2015
Figure 28 Intensity of Competitive Rivalry is High Because of Tough Competition Among the Existing Players
Figure 29 Threat of Substitutes is Expected to Be Medium Since the Demand for Home Theatre Systems is Increasing
Figure 30 Bargaining Power of Buyers is Expected to Be High as the Variety of Products and Brand is Present in the Market
Figure 31 Product Differentiation Plays A Crucial Role in the Hi-Fi System Market
Figure 32 Threat of New Entrants is Medium Since the Established Players Have A Strong Presence in the Market
Figure 33 Top Players Expanding Their Product Portfolio
Figure 34 Key Industry Trends in the Hi-Fi System Market
Figure 35 Market, By System
Figure 36 Market Size, By System, 2016 vs 2022 (USD Million)
Figure 37 The Hi-Fi System Market, By Product
Figure 38 Market for Speakers and Sound Bars Expected to Grow at the Highest Rate During the Forecast Period
Figure 39 Residential Application Expected to Hold the Largest Size of the Hi-Fi System Market for Speakers & Sound Bars By 2022
Figure 40 Bluetooth Technology Expected to Lead the Hi-Fi System Market for Speakers & Sound Bars During the Forecast Period
Figure 41 The Hi-Fi System Market for Speakers & Sound Bars in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 42 Market for CD Players, By Region, 2016 vs 2022 (USD Million)
Figure 43 Market for DVD Players, By Region, 2016 vs 2022 (USD Million)
Figure 44 Market for Blu-Ray Players, By Application, 2016 vs 2022 (USD Million)
Figure 45 Market for Network Media Players, By Region, 2016 vs 2022 (USD Million)
Figure 46 Residential Application Expected to Hold the Largest Size of the Hi-Fi System Market for Headphones & Earphones By 2022
Figure 47 Bluetooth Technology Expected to Dominate the Market for Headphones & Earphones Between 2016 and 2022
Figure 48 APAC Expected to Lead the Hi-Fi System Market for Headphones & Earphones During the Forecast Period
Figure 49 Market for Microphones, By Region, 2016 vs 2022 (USD Million)
Figure 50 The Hi-Fi System Market, By Device
Figure 51 Market, By Device, 2016 vs 2022 (USD Million)
Figure 52 Market for DAC, By Application, 2016 vs 2022 (USD Million)
Figure 53 Bluetooth Technology Expected to Dominate the Hi-Fi System Market for Amplifiers Between 2016 and 2022
Figure 54 Market for Amplifiers in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 55 Market for Preamplifiers, By Application, 2016 vs 2022 (USD Million)
Figure 56 Market for Receivers, By Region, 2016 vs 2022 (USD Million)
Figure 57 Market, By Connectivity Technology
Figure 58 Market, By Wired Technology
Figure 59 Speakers & Sound Bars Expected to Hold the Largest Size of the Market for Hi-Fi Systems Enabled With Wired Technology During the Forecast Period
Figure 60 Market for Receivers Compatible With Wired Technology Expected to Grow at the Highest Rate During the Forecast Period
Figure 61 Market, By Wireless Technology
Figure 62 Bluetooth Connectivity Technology Expected to Dominated the Wireless Hi-Fi System Market in 2016
Figure 63 Market for Speakers & Sound Bars Compatible With Wireless Technology Estimated to Grow at the Highest Rate During the Forecast Period
Figure 64 Market for Bluetooth Connectivity Technology, By Product, 2016 vs 2022 (USD Million)
Figure 65 Market for Wi-Fi Connectivity Technology, By Product, 2016 vs 2022 (USD Million)
Figure 66 Market Size for Airplay Connectivity Technology, By Product, 2016 vs 2022 (USD Million)
Figure 67 Market for Other Connectivity Technologies, By Product, 2016 vs 2022 (USD Million)
Figure 68 Market, By Application
Figure 69 Residential Application Expected to Hold the Largest Size Ofthe Hi-Fi System Market During the Forecast Period
Figure 70 Speaker & Sound Bar Expected to Lead the Hi-Fi System Market for the Residential Application During the Forecast Period
Figure 71 Amplifiers Expected to Hold the Largest Size of the Hi-Fi System Market for Residential Application During the Forecast Period
Figure 72 Speakers & Sound Bars Expected to Hold the Largest Size of the Hi-Fi System Market for Automotive Applicationduring the Forecast Period
Figure 73 Amplifiers Expected to Dominate the Market for Automotive Application During the Forecast Period
Figure 74 Speakers & Sound Bars Expected to Dominate the Market for Commercial During the Forecast Period
Figure 75 Receivers Market for Commercial Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 76 Market for Network Media Players Expected to Grow at the Hightes Rate During the Forecast Period
Figure 77 Receivers Expected to Hold the Largest Size of the Hi-Fi Systems Market for Other Applicationsduring the Forecast Period
Figure 78 Market: Geographic Snapshot (2016–2022)
Figure 79 Market: Country-Wise Growth (2016–2022)
Figure 80 North America: Market Snapshot
Figure 81 North American Hi-Fi System Market for Headphones & Earphones Expected to Grow at the Highest Rate During the Forecast Period
Figure 82 Segmentation: North America
Figure 83 U.S. Expected to Hold the Largest Size of the Market in North America During the Forecast Period
Figure 84 Europe: Market Snapshot
Figure 85 Speakers & Sound Bars Expected to Dominate the European Hi-Fi System Market Between 2016 and 2022
Figure 86 Segmentation: Europe
Figure 87 Germany Expected to Dominate the European Hi-Fi System Market During the Forecast Period
Figure 88 APAC: Market Snapshot
Figure 89 Speakers & Sound Bars Expected to Hold the Largest Size of the Market in APAC During the Forecast Period
Figure 90 Segmentation: APAC
Figure 91 Indian Hi-Fi System Market Expected to Grow at the Highest Rate During the Forecast Period
Figure 92 Speakers & Sound Bars Expected to Dominate the Market in RoW During the Forecast Period
Figure 93 Segmentation: RoW
Figure 94 The Middle East Region Expected to Dominate the Hi-Fi System Market in RoW During the Forecast Period
Figure 95 New Product Launches Was the Key Strategy Adopted By the Key Players Between 2013 and 2015
Figure 96 Market Evaluation Framework
Figure 97 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 98 Geographic Revenue Mix of Major Market Players
Figure 99 Onkyo Corporation: Company Snapshot
Figure 100 Onkyo Corporation: SWOT Analysis
Figure 101 Bowers & Wilkins: SWOT Analysis
Figure 102 Yamaha Corporation: Company Snapshot
Figure 103 Yamaha Corporation: SWOT Analysis
Figure 104 Bose Corporation: SWOT Analysis
Figure 105 Panasonic Corporation: Company Snapshot
Figure 106 Panasonic Corporation: SWOT Analysis
Figure 107 Harman International Inc.: Company Snapshot
Figure 108 LG Electronics Corporation: Company Snapshot
Figure 109 Koninklijke Philips N.V.: Company Snapshot
Figure 110 Samsung Electronics Co., Ltd.: Company Snapshot
Figure 111 Sony Corporation: Company Snapshot

According to the MarketsandMarkets forecast, the Hi-Fi system market size, in terms of value, is expected to grow from USD 10.62 Billion in 2015 to USD 16.49 Billion by 2022, at a CAGR of 6.4% between 2016 and 2022. In the past few years, wireless devices have made its way across various audio products such as speakers & sound bars, headphones, network media players, and others. Traditionally, this wireless benefit came with the cost of audio quality, radio interference, and complexity in the setup. In the past, the wired audio technology has been the dominant method used by consumers for many years; however, now the wireless technology ensures to provide users with uncompromised, problem-free utilization of wireless Hi-Fi audio devices such as speakers & sound bars, headphones, and microphones. The growing demand for wireless audio devices is expected to contribute toward the growth of Hi-Fi system market.

The scope of this report covers the Hi-Fi system market on the basis of system, application, connectivity technology, and geography. Also, the market by system is further categorized into various products and devices. The residential application is expected to hold the largest market share during the forecast period. The market for automotive application is expected to grow at the highest rate during the forecast period, owing to the increasing demand for in-car infotainment systems.

The speakers & sound bars collectively accounted for the largest market share in product category in 2015. The growing demand for wireless speaker across various applications is the major reason behind the growth of the Hi-Fi speakers & sound bars market. The Bluetooth speakers are one of the most popular categories within the wireless speakers; it accounts for the major share of the overall wireless Hi-Fi market for the product category.

The market for the automotive application is also expected to gain momentum during the forecast period and is expected to grow at the highest rate during the forecast period. The wireless speakers and sound bars with tethering capabilities are becoming the new trend in automobiles. With the emerging trends, the automotive manufacturers provide wireless Hi-Fi speaker systems to cars. These speakers are deployed either with the Bluetooth or IR technology to help consumers enjoy a high-quality audio and give them the liberty to stream from smartphones and tablets. All luxury automotive comes with a fully integrated wireless Hi-Fi system and in-car infotainment system, whereas the ordinary manufacturers provide this facility in their top-end models. The overall growth in the car segment, including the sheer demand for luxury automotive in the developing economies (car and bus) is likely to further push the demand for Hi-Fi audio devices.

Hi-Fi System Market

APAC is expected to hold the largest market share and dominate the Hi-Fi system market between 2016 and 2020. The growing population, rapid increase in the purchasing power parity (PPP), and adoption of innovative technologies are the reasons for the high growth rate in the world for this market.

However, compliance issues in the operating frequency for wireless Hi-Fi system act as the major restraint for the growth of this market. Also, issues in delivering high-quality audio through wireless Hi-Fi systems is the major challenge for the market. The major vendors in the Hi-Fi system market include Onkyo Corporation (Japan), Bowers & Wilkins (U.K.), Bose Corporation (U.S.), Panasonic Corporation (Japan), Yamaha Corporation (Japan), DEI Holdings Inc. (U.S.), and Harman International, Inc. (U.S.) among others. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of the Hi-Fi system market.

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