Hi-Fi System Market

Hi-Fi System Market by System (Product, Device), Connectivity Technology (Wired, Wireless (Bluetooth, Wi-Fi, Airplay, Others)), Application (Residential, Automotive, Commercial, Others), and Geography - Global Forecast to 2025

Report Code: SE 4321 Apr, 2020, by marketsandmarkets.com
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[150 Pages Report] The Hi-Fi system market is expected to grow from USD 13.6 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 5.2%. The market growth can be attributed to several factors, such as a rise in demand for infotainment services, high spending on R&D by OEMs, innovations in wireless audio technology, and increasing adoption of portable devices.

Hi-Fi System Market

The market for the product segment is expected to hold the largest share during the forecast period

Based on the system, the market has been divided into products and devices. The product segment, which includes speaker & soundbar, CD player, DVD player, Blu-ray player, network media player, turntable, headphone & earphone, and microphone products, has a higher market share currently and expected to grow at the higher rate during the forecast period. Of these, the speaker & soundbar segment holds the largest share of the Hi-Fi system market. Speakers and soundbars are compatible with TV sets, smartphones, music systems, gaming consoles, etc., and can be connected to them through different media sources such as High-Definition Multimedia Interface (HDMI), Bluetooth, Wi-Fi, and Universal Serial Bus (USB). Due to their portability and ease of use, wireless speakers and soundbars are getting immensely popular.

Market for residential application is expected to hold the largest share during the forecast period

The Hi-Fi system market based on application is segmented into residential, automotive, commercial, and others. The growing demand for wireless Hi-Fi systems and the concept of smart homes is expected to drive the market for the residential application. The rise in global demand for smartphones, computers, and tablets equipped with wireless headphones and headsets is also contributing toward the growth of the residential application.

Hi-Fi System Market

APAC expected to account for largest market share from 2020 to 2025

APAC is expected to hold the largest size of the Hi-Fi system market during the forecast period owing to large customer base and growing purchasing power of consumers. The growing popularity of wireless connectivity technology and the increasing requirement for mobility are also driving the market for Hi-Fi systems in this region. The region is witnessing increased demand for consumer electronics, such as smartphones and tablets, thereby leading to the growth of the Hi-Fi system market in the region.

Key Market Players

Some of the major players operating in the market are Samsung Electronics Co. (South Korea), Sony Corporation (Japan), Apple Inc. (US), Bose Corporation (US), Sennheiser Electronic GmbH & Co. KG (Germany), LG Electronics (South Korea), Panasonic Corporation (Japan), DEI Holdings, Inc. (US), Yamaha Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Onkyo Corporation (Japan), and Sonos, Inc. (US). These players adopted various strategies such as product launches and developments, acquisitions, and partnerships to cater to the needs of the market.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

System, Connectivity Technology, Application, and Region

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Samsung Electronics Co. (South Korea), Sony Corporation (Japan), Apple Inc. (US), Bose Corporation (US), Sennheiser Electronic GmbH & Co. KG (Germany), LG Electronics (South Korea), Panasonic Corporation (Japan), DEI Holdings, Inc. (US), Yamaha Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Onkyo Corporation (Japan), and Sonos, Inc. (US), Linn Products (Scotland), Bowers & Wilkins (UK), Tannoy Ltd. (UK), VOXX International Corp. (US), VIZIO, Inc. (US), Bang & Olufsen (Denmark), Plantronics, Inc. (US), DALI A/S (Denmark), Human Inc. (US), Cambridge Audio (UK)
Total 22 major players covered

The value chain of the Hi-Fi system market includes the product and device manufacturers and software providers such as Samsung Electronics Co. (South Korea), Sony Corporation (Japan), Apple Inc. (US), Bose Corporation (US), Sennheiser Electronic GmbH & Co. KG (Germany), LG Electronics (South Korea), Panasonic Corporation (Japan), DEI Holdings, Inc. (US), Yamaha Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Onkyo Corporation (Japan), Sonos, Inc. (US), and others.
The report also describes the drivers, restraints, opportunities, and challenges for the growth of the Hi-Fi system market. In addition to the in-depth view on market segmentation, the report includes critical market data and qualitative information for each type, along with qualitative analysis, such as value chain analysis, market ranking analysis, and competitive situations and trends.

In this research report, the Hi-Fi system market has been segmented on the basis of system, connectivity technology, application, and geography.

Hi-Fi System Market, by System

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

Hi-Fi System Market, by Connectivity Technology

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

Hi-Fi System Market, by Application

  • Residential
  • Automotive
  • Commercial
  • Others

Hi-Fi System Market, by Geography

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • In August 2019, HARMAN, subsidiary of Samsung Electronics, launched a lifestyle audio brand in the Indian market - Infinity by HARMAN. As part of the brand launch, the company launched 11 new audio products, including six Infinity headphones, four portable Bluetooth speakers, and a multimedia 2.1 Bluetooth system.
  • In May 2019, Bose Corporation launched the Headphones 700 noise-canceling headphone that redefines voice-control and mobile communication. It introduces a revolutionary new voice interface that redefines mobile communication the way Bose noise cancellation redefined mobile audio. It is built off the legendary performance of QCs to transform the most demanding environments into private sanctuaries for listening. With its exclusive innovation, the 700 isolates a user’s voice from unwanted ambient sounds.
  • In January 2019, Sennheiser launched the latest members of its family of professional in-ear headphones—IE 400 PRO and IE 500 PRO. These headphones offer natural, high-resolution sound, with a secure and comfortable fit that can be custom-molded in-ears. They have a break-proof, patent-pending cable connection.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid- to long-term?
  • What are the upcoming industry applications of Hi-Fi systems?
  • Who are the important players in the Hi-Fi system market?
  • What are the upcoming technologies in the Hi-Fi system market?
  • What are the major drivers, restraints, opportunities, and challenges for the Hi-Fi system market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 17)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 20)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for estimating the market size by bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for estimating the market size by top-down approach (supply side)
    2.3 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 29)

4 PREMIUM INSIGHTS (Page No. - 33)
    4.1 MAJOR OPPORTUNITIES IN HI-FI SYSTEM MARKET
    4.2 HI-FI SYSTEM MARKET, BY CONNECTIVITY TECHNOLOGY
    4.3 HI-FI SYSTEM MARKET IN APAC, BY SYSTEM AND COUNTRY
    4.4 HI-FI SYSTEM MARKET, BY COUNTRY
    4.5 HI-FI SYSTEM MARKET, BY APPLICATION

5 MARKET OVERVIEW (Page No. - 36)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rise in demand for infotainment services
                    5.2.1.2 High spending on R&D by OEMs
                    5.2.1.3 Innovations in wireless audio technology
                    5.2.1.4 Increasing adoption of portable devices
           5.2.2 RESTRAINTS
                    5.2.2.1 Issues related to operating frequency compliance for wireless Hi-Fi systems
                    5.2.2.2 Health issues pertaining to prolonged use of audio devices
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growth of speakers and soundbars market in emerging regions
                    5.2.3.2 Newer, nonconventional applications of headphones
           5.2.4 CHALLENGES
                    5.2.4.1 Delivering high-quality and synchronized audio through wireless Hi-Fi systems
    5.3 VALUE CHAIN ANALYSIS
    5.4 IMPACT OF COVID-19 ON HI-FI SYSTEM MARKET

6 HI-FI SYSTEM MARKET, BY SYSTEM (Page No. - 42)
    6.1 INTRODUCTION
    6.2 PRODUCT
           6.2.1 SPEAKER & SOUNDBAR
                    6.2.1.1 Increasing popularity of wireless speakers and soundbars among consumers is expected to drive this segment
           6.2.2 CD PLAYER
                    6.2.2.1 Hi-Fi CD player market is currently witnessing stagnant growth
           6.2.3 DVD PLAYER
                    6.2.3.1 Hi-Fi DVD player market is expected to decline during forecast period
           6.2.4 BLU-RAY PLAYER
                    6.2.4.1 Market for Blu-ray player is expected to witness sluggish growth
           6.2.5 NETWORK MEDIA PLAYER
                    6.2.5.1 Market for network media players to witness significant growth during forecast period
           6.2.6 TURNTABLE
                    6.2.6.1 Turntable is having negligible share in Hi-Fi system market
           6.2.7 HEADPHONE & EARPHONE
                    6.2.7.1 Over-ear
                               6.2.7.1.1 Over-ear headphones are considered to be the best headphones among all categories
                    6.2.7.2 On-ear
                               6.2.7.2.1 On-ear headphones provide high portability
                    6.2.7.3 In-ear
                               6.2.7.3.1 In-ear headphones are generally tiny and provide high portability
           6.2.8 MICROPHONE
                    6.2.8.1 Continuous technological advancements in output sound quality of wireless microphones are expected to fuel growth of this segment
    6.3 DEVICE
           6.3.1 DAC (DIGITAL-TO-ANALOG CONVERTER)
                    6.3.1.1 DAC converts digital data streams into analog audio signals
           6.3.2 AMPLIFIER
                    6.3.2.1 Standalone amplifiers allow users to add more speakers to a Hi-Fi stereo system
           6.3.3 PREAMPLIFIER
                    6.3.3.1 Preamps are used along with sound equipment to improve overall quality of sound
           6.3.4 RECEIVER
                    6.3.4.1 Receiver is used to capture signal from different sources

7 HI-FI SYSTEM MARKET, BY CONNECTIVITY TECHNOLOGY (Page No. - 65)
    7.1 INTRODUCTION
    7.2 WIRED
           7.2.1 ETHERNET CABLE
                    7.2.1.1 Ethernet cable is one of the popular forms of wired audio technology
           7.2.2 AUDIO CABLE
                    7.2.2.1 Audio cables transfer analog or digital signals from an audio source to an amplifier or powered speaker
    7.3 WIRELESS
           7.3.1 BLUETOOTH
                    7.3.1.1 Cost-effectiveness and compatibility associated with this technology is driving market of audio devices equipped with Bluetooth
           7.3.2 WI-FI
                    7.3.2.1 Secured operation carried out by Wi-Fi-enabled audio devices leading to growth of this technology
           7.3.3 AIRPLAY
                    7.3.3.1 Increased use of AirPlay technology for wireless streaming on devices supported by Apple           7.3.4 OTHERS
                    7.3.4.1 SKAA
                    7.3.4.2 Sonos
                    7.3.4.3 Play-Fi
                    7.3.4.4 RF and IR

8 HI-FI SYSTEM MARKET, BY APPLICATION (Page No. - 76)
    8.1 INTRODUCTION
    8.2 RESIDENTIAL
           8.2.1 INCREASED USE OF WIRELESS AUDIO SYSTEMS FOR IN-HOME APPLICATION IS FUELING GROWTH OF HI-FI SYSTEM MARKET IN RESIDENTIAL APPLICATION
    8.3 AUTOMOTIVE
           8.3.1 RISING DEMAND FOR PREMIUM AUDIO SYSTEMS IN LUXURY AUTOMOBILES TO SPUR GROWTH OF HI-FI SYSTEM MARKET
    8.4 COMMERCIAL
           8.4.1 PREFERENCE FOR HIGH-END AUDIO IN COMMERCIAL PLACES IS DRIVING GROWTH OF HI-FI SYSTEMS IN THIS APPLICATION
    8.5 OTHERS
           8.5.1 INCREASING DEMAND FOR HI-FI HEADPHONES AND MICROPHONES IN SECURITY AND MILITARY APPLICATIONS IS DRIVING GROWTH OF OTHERS SEGMENT

9 GEOGRAPHIC ANALYSIS (Page No. - 85)
    9.1 INTRODUCTION
    9.2 NORTH AMERICA
           9.2.1 US
                    9.2.1.1 Presence of majority of wireless audio device manufacturers in the country is fueling growth of Hi-Fi system market in US
           9.2.2 CANADA
                    9.2.2.1 Preference of Canadian population to adopt innovative products contributing to growth of Hi-Fi system market
           9.2.3 MEXICO
                    9.2.3.1 Growing investments in consumer electronics industry of Mexico lead to growth of Hi-Fi system market
    9.3 EUROPE
           9.3.1 GERMANY
                    9.3.1.1 Popularity of wireless streaming speakers and premium soundbars to boost Hi-Fi system market in Germany
           9.3.2 UK
                    9.3.2.1 Willingness of users to invest in wireless audio devices to fuel growth of market in UK
           9.3.3 FRANCE
                    9.3.3.1 Rising demand for audio devices in home entertainment application to spur growth of Hi-Fi system market in France
           9.3.4 SPAIN
                    9.3.4.1 Growing demand for Hi-Fi speakers will lead to growth of Hi-Fi system market in Spain
           9.3.5 REST OF EUROPE
    9.4 APAC
           9.4.1 CHINA
                    9.4.1.1 Geographical expansion by international wireless audio device manufacturers is expected to lead to growth of Hi-Fi system market in China
           9.4.2 JAPAN
                    9.4.2.1 Rise in demand for consumer electronics equipped with wireless audio technology to spur growth of Hi-Fi system market in Japan
           9.4.3 AUSTRALIA
                    9.4.3.1 Adoption of innovative audio technologies among consumer groups to boost growth of Hi-Fi system market in Australia
           9.4.4 INDIA
                    9.4.4.1 Government initiatives such as Make in India are fueling demand for consumer durables in India
           9.4.5 REST OF APAC
    9.5 REST OF THE WORLD (ROW)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Brazil and Argentina are potential markets for Hi-Fi systems in
                                                South America 104
           9.5.2 MIDDLE EAST
                    9.5.2.1 Surge in demand for wireless speakers and wireless headphones to fuel growth of Hi-Fi system market in Middle East
           9.5.3 AFRICA
                    9.5.3.1 South Africa holds significant share in Hi-Fi system market

10 COMPETITIVE LANDSCAPE (Page No. - 106)
     10.1 INTRODUCTION
     10.2 RANKING ANALYSIS OF KEY PLAYERS IN HI-FI SYSTEM MARKET
     10.3 COMPETITIVE SITUATIONS AND TRENDS
             10.3.1 PRODUCT LAUNCHES
             10.3.2 PARTNERSHIP
             10.3.3 ACQUISITION
     10.4 COMPETITIVE LEADERSHIP MAPPING, 2019
             10.4.1 VISIONARY LEADERS
             10.4.2 INNOVATORS
             10.4.3 DYNAMIC DIFFERENTIATORS
             10.4.4 EMERGING COMPANIES

11 COMPANY PROFILES (Page No. - 112)
     11.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
             11.1.1 SAMSUNG ELECTRONICS CO., LTD.
             11.1.2 SONY CORPORATION
             11.1.3 APPLE INC.
             11.1.4 BOSE CORPORATION
             11.1.5 SENNHEISER ELECTRONIC GMBH & CO. KG
             11.1.6 LG ELECTRONICS
             11.1.7 PANASONIC CORPORATION
             11.1.8 DEI HOLDINGS, INC.
             11.1.9 YAMAHA CORPORATION
             11.1.10 KONINKLIJKE PHILIPS N.V.
* Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     11.2 RIGHT TO WIN
     11.3 OTHER IMPORTANT PLAYERS
             11.3.1 BOWERS & WILKINS
             11.3.2 TANNOY LTD.
             11.3.3 VOXX INTERNATIONAL CORPORATION
             11.3.4 SONOS, INC.
             11.3.5 VIZIO INC.
             11.3.6 ONKYO CORPORATION
             11.3.7 BANG & OLUFSEN
             11.3.8 PLANTRONICS, INC.
             11.3.9 DALI A/S
             11.3.10 HUMAN INC.
             11.3.11 LINN PRODUCTS
             11.3.12 CAMBRIDGE AUDIO

12 APPENDIX (Page No. - 145)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS


LIST OF TABLES (108 Tables)

TABLE 1 HI-FI SYSTEM MARKET, BY SYSTEM, 2017–2025 (USD BILLION)
TABLE 2 HI-FI SYSTEM MARKET FOR PRODUCT, BY TYPE, 2017–2025 (USD MILLION)
TABLE 3 HI-FI SYSTEM MARKET FOR PRODUCT, BY TYPE, 2017–2025 (MILLION UNITS)
TABLE 4 HI-FI SYSTEM MARKET FOR PRODUCT, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 5 HI-FI SYSTEM MARKET FOR PRODUCT, BY REGION, 2017–2025 (USD MILLION)
TABLE 6 HI-FI SYSTEM MARKET FOR SPEAKER & SOUNDBAR, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 7 HI-FI SYSTEM MARKET FOR SPEAKER & SOUNDBAR, BY REGION, 2017–2025 (USD MILLION)
TABLE 8 HI-FI SYSTEM MARKET FOR SPEAKER & SOUNDBAR, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 9 HI-FI SYSTEM MARKET FOR CD PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 10 HI-FI SYSTEM MARKET FOR CD PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 11 HI-FI SYSTEM MARKET FOR CD PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 12 HI-FI SYSTEM MARKET FOR DVD PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 13 HI-FI SYSTEM MARKET FOR DVD PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 14 HI-FI SYSTEM MARKET FOR DVD PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 15 HI-FI SYSTEM MARKET FOR BLU-RAY PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 16 HI-FI SYSTEM MARKET FOR BLU-RAY PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 17 HI-FI SYSTEM MARKET FOR BLU-RAY PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 18 HI-FI SYSTEM MARKET FOR NETWORK MEDIA PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 19 HI-FI SYSTEM MARKET FOR NETWORK MEDIA PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 20 HI-FI SYSTEM MARKET FOR NETWORK MEDIA PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 21 HI-FI SYSTEM MARKET FOR TURNTABLE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 22 HI-FI SYSTEM MARKET FOR TURNTABLE, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 23 HI-FI SYSTEM MARKET FOR TURNTABLE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD THOUSAND)
TABLE 24 HI-FI SYSTEM MARKET FOR HEADPHONE & EARPHONE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 25 HI-FI SYSTEM MARKET FOR HEADPHONE & EARPHONE, BY REGION, 2017–2025 (USD MILLION)
TABLE 26 HI-FI SYSTEM MARKET FOR HEADPHONE & EARPHONE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 27 HI-FI SYSTEM MARKET FOR MICROPHONE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 28 HI-FI SYSTEM MARKET FOR MICROPHONE, BY REGION, 2017–2025 (USD MILLION)
TABLE 29 HI-FI SYSTEM MARKET FOR MICROPHONE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 30 HI-FI SYSTEM MARKET FOR DEVICE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 31 HI-FI SYSTEM MARKET FOR DEVICE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 32 HI-FI SYSTEM MARKET FOR DEVICE, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 HI-FI SYSTEM MARKET FOR DAC, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 34 HI-FI SYSTEM MARKET FOR DAC, BY REGION, 2017–2025 (USD MILLION)
TABLE 35 HI-FI SYSTEM MARKET FOR DAC, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 36 HI-FI SYSTEM MARKET FOR AMPLIFIER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 37 HI-FI SYSTEM MARKET FOR AMPLIFIER, BY REGION, 2017–2025 (USD MILLION)
TABLE 38 HI-FI SYSTEM MARKET FOR AMPLIFIER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 39 HI-FI SYSTEM MARKET FOR PREAMPLIFIER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 40 HI-FI SYSTEM MARKET FOR PREAMPLIFIER, BY REGION, 2017–2025 (USD MILLION)
TABLE 41 HI-FI SYSTEM MARKET FOR PREAMPLIFIER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 42 HI-FI SYSTEM MARKET FOR RECEIVER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 43 HI-FI SYSTEM MARKET FOR RECEIVER, BY REGION, 2017–2025 (USD MILLION)
TABLE 44 HI-FI SYSTEM MARKET FOR RECEIVER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 45 HI-FI SYSTEM MARKET, BY CONNECTIVITY TECHNOLOGY, 2017–2025 (USD BILLION)
TABLE 46 HI-FI SYSTEM MARKET FOR WIRED CONNECTIVITY TECHNOLOGY FOR PRODUCT, BY TYPE, 2017–2025 (USD MILLION)
TABLE 47 HI-FI SYSTEM MARKET FOR WIRED CONNECTIVITY TECHNOLOGY FOR DEVICE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 48 HI-FI SYSTEM MARKET FOR PRODUCT, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 49 HI-FI SYSTEM MARKET FOR DEVICE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 50 HI-FI SYSTEM MARKET FOR WIRELESS CONNECTIVITY TECHNOLOGY FOR PRODUCT, BY TYPE, 2017–2025 (USD MILLION)
TABLE 51 HI-FI SYSTEM MARKET FOR WIRELESS CONNECTIVITY TECHNOLOGY FOR DEVICE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 52 HI-FI SYSTEM MARKET FOR BLUETOOTH TECHNOLOGY, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 53 HI-FI SYSTEM MARKET FOR BLUETOOTH TECHNOLOGY, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 54 HI-FI SYSTEM MARKET FOR WI-FI TECHNOLOGY, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 55 HI-FI SYSTEM MARKET FOR WI-FI TECHNOLOGY, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 56 HI-FI SYSTEM MARKET FOR AIRPLAY TECHNOLOGY, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 57 HI-FI SYSTEM MARKET FOR AIRPLAY TECHNOLOGY, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 58 HI-FI SYSTEM MARKET FOR OTHER TECHNOLOGIES, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 59 HI-FI SYSTEM MARKET FOR OTHER TECHNOLOGIES, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 60 HI-FI SYSTEM MARKET, BY APPLICATION, 2017–2025 (USD BILLION)
TABLE 61 HI-FI SYSTEM MARKET IN RESIDENTIAL APPLICATION, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 62 HI-FI SYSTEM MARKET FOR PRODUCT IN RESIDENTIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 63 HI-FI SYSTEM MARKET FOR DEVICE IN RESIDENTIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 64 HI-FI SYSTEM MARKET IN AUTOMOTIVE APPLICATION, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 65 HI-FI SYSTEM MARKET FOR PRODUCT IN AUTOMOTIVE APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 66 HI-FI SYSTEM MARKET FOR DEVICE IN AUTOMOTIVE APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 67 HI-FI SYSTEM MARKET IN COMMERCIAL APPLICATION, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 68 HI-FI SYSTEM MARKET FOR PRODUCT IN COMMERCIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 69 HI-FI SYSTEM MARKET FOR DEVICE IN COMMERCIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 70 HI-FI SYSTEM MARKET IN OTHER APPLICATIONS, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 71 HI-FI SYSTEM MARKET FOR PRODUCT IN OTHER APPLICATIONS, BY TYPE, 2017–2025 (USD MILLION)
TABLE 72 HI-FI SYSTEM MARKET FOR DEVICE IN OTHER APPLICATIONS, BY TYPE, 2017–2025 (USD MILLION)
TABLE 73 HI-FI SYSTEM MARKET, BY REGION, 2017–2025 (USD BILLION)
TABLE 74 HI-FI SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 75 HI-FI SYSTEM MARKET IN NORTH AMERICA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 76 HI-FI SYSTEM MARKET FOR PRODUCT IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
TABLE 77 HI-FI SYSTEM MARKET FOR DEVICE IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
TABLE 78 HI-FI SYSTEM MARKET IN THE US, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 79 HI-FI SYSTEM MARKET IN CANADA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 80 HI-FI SYSTEM MARKET IN MEXICO, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 81 HI-FI SYSTEM MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 82 HI-FI SYSTEM MARKET IN EUROPE, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 83 HI-FI SYSTEM MARKET FOR PRODUCT IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 84 HI-FI SYSTEM MARKET FOR DEVICE IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 85 HI-FI SYSTEM MARKET IN GERMANY, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 86 HI-FI SYSTEM MARKET IN UK, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 87 HI-FI SYSTEM MARKET IN FRANCE, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 88 HI-FI SYSTEM MARKET IN SPAIN, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 89 HI-FI SYSTEM MARKET IN REST OF EUROPE, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 90 HI-FI SYSTEM MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 91 HI-FI SYSTEM MARKET IN APAC, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 92 HI-FI SYSTEM MARKET FOR PRODUCT IN APAC, BY TYPE, 2017–2025 (USD MILLION)
TABLE 93 HI-FI SYSTEM MARKET FOR DEVICE IN APAC, BY TYPE, 2017–2025 (USD MILLION)
TABLE 94 HI-FI SYSTEM MARKET IN CHINA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 95 HI-FI SYSTEM MARKET IN JAPAN, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 96 HI-FI SYSTEM MARKET IN AUSTRALIA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 97 HI-FI SYSTEM MARKET IN INDIA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 98 HI-FI SYSTEM MARKET IN REST OF APAC, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 99 HI-FI SYSTEM MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 100 HI-FI SYSTEM MARKET IN ROW, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 101 HI-FI SYSTEM MARKET FOR PRODUCT IN ROW, BY TYPE, 2017–2025 (USD MILLION)
TABLE 102 HI-FI SYSTEM MARKET FOR DEVICE IN ROW, BY TYPE, 2017–2025 (USD MILLION)
TABLE 103 HI-FI SYSTEM MARKET IN SOUTH AMERICA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 104 HI-FI SYSTEM MARKET IN MIDDLE EAST, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 105 HI-FI SYSTEM MARKET IN AFRICA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 106 PRODUCT LAUNCHES, 2019
TABLE 107 PARTNERSHIP, 2018
TABLE 108 ACQUISITION, 2018
 
 
LIST OF FIGURES (55 Figures)
 
FIGURE 1 MARKET SEGMENTATION
FIGURE 2 HI-FI SYSTEM MARKET: RESEARCH DESIGN
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE OF MARKET PLAYERS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2 (DEMAND SIZE): BOTTOM-UP MARKET ESTIMATION FOR HI-FI SYSTEMS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 7 DATA TRIANGULATION
FIGURE 8 ASSUMPTIONS FOR THE RESEARCH STUDY
FIGURE 9 HI-FI SYSTEM MARKET, 2017–2025
FIGURE 10 PRODUCT SEGMENT EXPECTED TO DOMINATE HI-FI SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 11 WIRELESS CONNECTIVITY TECHNOLOGY EXPECTED TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
FIGURE 12 RESIDENTIAL APPLICATION EXPECTED TO HOLD LARGEST SHARE IN HI-FI SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 13 APAC HELD LARGEST SHARE OF HI-FI SYSTEM MARKET IN 2019
FIGURE 14 HI-FI SYSTEM MARKET EXPECTED TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD
FIGURE 15 MARKET FOR WIRELESS TECHNOLOGY EXPECTED TO WITNESS HIGHER GROWTH RATE DURING FORECAST PERIOD
FIGURE 16 PRODUCT SEGMENT HELD LARGER SHARE OF HI-FI SYSTEM MARKET IN APAC IN 2019
FIGURE 17 US DOMINATED GLOBAL HI-FI SYSTEM MARKET IN 2019
FIGURE 18 AUTOMOTIVE APPLICATION TO WITNESS HIGHEST GROWTH IN HI-FI SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 19 INNOVATIONS IN WIRELESS AUDIO TECHNOLOGIES BOOST GROWTH OF HI-FI SYSTEM MARKET
FIGURE 20 IMPACT ANALYSIS: DRIVERS
FIGURE 21 IMPACT ANALYSIS: RESTRAINTS
FIGURE 22 IMPACT ANALYSIS: OPPORTUNITIES
FIGURE 23 IMPACT ANALYSIS: CHALLENGE
FIGURE 24 MAJOR VALUE IS ADDED DURING MANUFACTURING AND ASSEMBLY STAGES
FIGURE 25 HI-FI SYSTEM MARKET, BY SYSTEM
FIGURE 26 PRODUCT SEGMENT EXPECTED TO DOMINATE HI-FI SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 27 HI-FI SYSTEM MARKET, BY PRODUCT
FIGURE 28 HI-FI SYSTEM MARKET, BY DEVICE
FIGURE 29 HI-FI SYSTEM MARKET, BY CONNECTIVITY TECHNOLOGY
FIGURE 30 WIRELESS TECHNOLOGY EXPECTED TO SURPASS WIRED TECHNOLOGY IN HI-FI SYSTEM MARKET BY 2025
FIGURE 31 HI-FI SYSTEM MARKET, BY WIRED TECHNOLOGY
FIGURE 32 HI-FI SYSTEM MARKET, BY WIRELESS TECHNOLOGY
FIGURE 33 HI-FI SYSTEM MARKET, BY APPLICATION
FIGURE 34 RESIDENTIAL APPLICATION EXPECTED TO HOLD LARGEST SIZE OF HI-FI SYSTEM MARKET DURING FORECAST PERIOD
FIGURE 35 HI-FI SYSTEM MARKET, BY REGION
FIGURE 36 HI-FI SYSTEM MARKET IN NORTH AMERICA
FIGURE 37 HI-FI SYSTEM MARKET SNAPSHOT: NORTH AMERICA
FIGURE 38 HI-FI SYSTEM MARKET IN EUROPE
FIGURE 39 HI-FI SYSTEM MARKET SNAPSHOT: EUROPE
FIGURE 40 HI-FI SYSTEM MARKET IN APAC
FIGURE 41 HI-FI SYSTEM MARKET SNAPSHOT: APAC
FIGURE 42 HI-FI SYSTEM MARKET IN ROW
FIGURE 43 HI-FI SYSTEM MARKET SNAPSHOT: ROW
FIGURE 44 HI-FI SYSTEM MARKET: KEY GROWTH STRATEGY ADOPTED BY COMPANIES FROM 2017 T0 2019
FIGURE 45 HI-FI SYSTEM MARKET: RANKING OF KEY COMPANIES
FIGURE 46 HI-FI SYSTEM MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 47 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
FIGURE 48 SONY CORPORATION: COMPANY SNAPSHOT
FIGURE 49 APPLE INC.: COMPANY SNAPSHOT
FIGURE 50 BOSE CORPORATION: COMPANY SNAPSHOT
FIGURE 51 SENNHEISER ELECTRONIC GMBH & CO. KG: COMPANY SNAPSHOT
FIGURE 52 LG ELECTRONICS: COMPANY SNAPSHOT
FIGURE 53 PANASONIC CORPORATION: COMPANY SNAPSHOT
FIGURE 54 YAMAHA CORPORATION: COMPANY SNAPSHOT
FIGURE 55 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT

The study involved four major activities in estimating the size of the Hi-Fi system market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market’s size. After that, market breakdown and data triangulation were used to determine the market sizes of segments and sub-segments.

Secondary Research

In the Hi-Fi system market, both top-down and bottom-up approaches have been used to estimate and validate the size of the Hi-Fi system market, along with other dependent submarkets. Key players in the Hi-Fi system market have been identified through secondary research, and their revenue has been determined through primary and secondary research activities. This entire research methodology involved studying annual and financial reports of the top players and interviewing experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that may affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

>

Primary Research

The Hi-Fi system market supply chain comprises several stakeholders, such as key technology providers, manufacturers, system integrators, distribution channels, marketing & sales, and end-users. The demand side of this market is characterized by applications such as residential, automotive, commercial, and others; the supply side is characterized by technology and product/associated device suppliers and software providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of the primary respondents is provided below:

Hi-Fi System Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Hi-Fi system market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

The main objectives of this study are:

  • To define, describe, segment, and forecast the Hi-Fi system market, in terms of value, based on system, connectivity technology, and application
  • To describe and forecast the size of the market, for four regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)—in terms of value
  • To forecast the market size, in terms of volume, for the market segmented on the basis of product under system segment
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed value chain for the Hi-Fi system market
  • To analyze the opportunities in the market for stakeholders and details of the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies, along with the competitive leadership mapping chart
  • To analyze the competitive developments such as partnerships, mergers and acquisitions, and product launches in the Hi-Fi system market

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:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 4321
Published ON
Apr, 2020
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