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

[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.

Attractive Opportunities in Hi-Fi System Market

Hi-Fi System Market

Hi-Fi System Market Dynamics

Driver: Innovations in wireless audio technology

The wireless technology has made successful inroads across all the product segments of consumer electronics, and the audio technology industry has benefitted from this. Throughout this shift toward wireless, demand for advanced sound quality continues to be the crucial parameter among audio consumers globally.

Restraint: Health issues pertaining to prolonged use of audio devices

The use of headphones for listening to music or talking over the phone affects the listening power of users. Studies have revealed that continuous exposure to loud noise via loudspeakers, headphones, etc., can damage the delicate inner ear cells and result in hearing impairment or complete hearing loss. Children and youngsters are more prone to such damages. Additionally, Wi-Fi signals can create chronic sleep problems. Some implanted medical devices use radio frequency communication for reporting the status as well as making changes in device behavior. Emissions from wireless electronic devices can interfere with the functioning of these medical devices, thereby adversely affecting the health of the user.

Opportunity: Newer, non-conventional applications of headphones

Headsets are expected to help in the measurement of vitals of the body of users and track them during their workouts. Wireless headphones can also be paired with Amazon’s Alexa voice assistant to allow wearers to control connected home electrical appliances, such as thermostats and lights, remotely through verbal commands. Companies are making efforts to offer an engaging on-the-go Alexa experience to customers by making their headphones, headsets, or earbuds compatible with Alexa.

Challenge: Delivering high-quality and synchronized audio through wireless Hi-Fi systems

Wireless audio engineers are facing the challenge of not being able to deliver high-quality and synchronized audio streams in real-time using the wireless technology. Bandwidth constraints, delays in coding, and bit errors affect the wireless audio transfer. Innovations in wireless technologies, such as Bluetooth and Wi-Fi, have provided advantages such as receiving digital audio wherever and whenever required. However, the convergence of audio with video in the spectrum of consumer devices poses quality challenges for manufacturers. The availability of full bandwidth is impractical, and the required bandwidth cannot be made available for every application.

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 automotive application is expected to register the highest CAGR during the forecast period

The Hi-Fi system market based on application is segmented into residential, automotive, commercial, and others. The automotive application is expected to register the highest CAGR during the forecast period. The growing popularity of in-car infotainment systems is expected to drive the market for Hi-Fi systems in the automotive application.

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.

Hi-Fi System Market  by 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

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.

Frequently Asked Questions (FAQ):

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 MARKET, BY CONNECTIVITY TECHNOLOGY
    4.3 MARKET IN APAC, BY SYSTEM AND COUNTRY
    4.4 MARKET, BY COUNTRY
    4.5 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 MARKET IN RESIDENTIAL APPLICATION
    8.3 AUTOMOTIVE
           8.3.1 RISING DEMAND FOR PREMIUM AUDIO SYSTEMS IN LUXURY AUTOMOBILES TO SPUR GROWTH 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 market in US
           9.2.2 CANADA
                    9.2.2.1 Preference of Canadian population to adopt innovative products contributing to growth of market
           9.2.3 MEXICO
                    9.2.3.1 Growing investments in consumer electronics industry of Mexico lead to growth of market
    9.3 EUROPE
           9.3.1 GERMANY
                    9.3.1.1 Popularity of wireless streaming speakers and premium soundbars to boost 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 market in France
           9.3.4 SPAIN
                    9.3.4.1 Growing demand for Hi-Fi speakers will lead to growth of 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 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 market in Japan
           9.4.3 AUSTRALIA
                    9.4.3.1 Adoption of innovative audio technologies among consumer groups to boost growth of 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 market in Middle East
           9.5.3 AFRICA
                    9.5.3.1 South Africa holds significant share in market

10 COMPETITIVE LANDSCAPE (Page No. - 106)
     10.1 INTRODUCTION
     10.2 RANKING ANALYSIS OF KEY PLAYERS IN 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 MARKET FOR PRODUCT, BY TYPE, 2017–2025 (USD MILLION)
TABLE 3 MARKET FOR PRODUCT, BY TYPE, 2017–2025 (MILLION UNITS)
TABLE 4 MARKET FOR PRODUCT, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 5 MARKET FOR PRODUCT, BY REGION, 2017–2025 (USD MILLION)
TABLE 6 MARKET FOR SPEAKER & SOUNDBAR, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 7 MARKET FOR SPEAKER & SOUNDBAR, BY REGION, 2017–2025 (USD MILLION)
TABLE 8 MARKET FOR SPEAKER & SOUNDBAR, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 9 MARKET FOR CD PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 10 MARKET FOR CD PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 11 MARKET FOR CD PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 12 MARKET FOR DVD PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 13 MARKET FOR DVD PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 14 MARKET FOR DVD PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 15 MARKET FOR BLU-RAY PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 16 MARKET FOR BLU-RAY PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 17 MARKET FOR BLU-RAY PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 18 MARKET FOR NETWORK MEDIA PLAYER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 19 MARKET FOR NETWORK MEDIA PLAYER, BY REGION, 2017–2025 (USD MILLION)
TABLE 20 MARKET FOR NETWORK MEDIA PLAYER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 21 MARKET FOR TURNTABLE, BY APPLICATION, 2017–2025 (USD THOUSAND)
TABLE 22 MARKET FOR TURNTABLE, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 23 MARKET FOR TURNTABLE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD THOUSAND)
TABLE 24 MARKET FOR HEADPHONE & EARPHONE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 25 MARKET FOR HEADPHONE & EARPHONE, BY REGION, 2017–2025 (USD MILLION)
TABLE 26 MARKET FOR HEADPHONE & EARPHONE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 27 MARKET FOR MICROPHONE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 28 MARKET FOR MICROPHONE, BY REGION, 2017–2025 (USD MILLION)
TABLE 29 MARKET FOR MICROPHONE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 30 MARKET FOR DEVICE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 31 MARKET FOR DEVICE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 32 MARKET FOR DEVICE, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 MARKET FOR DAC, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 34 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 MARKET FOR AMPLIFIER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 37 MARKET FOR AMPLIFIER, BY REGION, 2017–2025 (USD MILLION)
TABLE 38 MARKET FOR AMPLIFIER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 39 MARKET FOR PREAMPLIFIER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 40 MARKET FOR PREAMPLIFIER, BY REGION, 2017–2025 (USD MILLION)
TABLE 41 MARKET FOR PREAMPLIFIER, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 42 MARKET FOR RECEIVER, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 43 MARKET FOR RECEIVER, BY REGION, 2017–2025 (USD MILLION)
TABLE 44 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 MARKET FOR WIRED CONNECTIVITY TECHNOLOGY FOR PRODUCT, BY TYPE, 2017–2025 (USD MILLION)
TABLE 47 MARKET FOR WIRED CONNECTIVITY TECHNOLOGY FOR DEVICE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 48 MARKET FOR PRODUCT, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 49 MARKET FOR DEVICE, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 50 MARKET FOR WIRELESS CONNECTIVITY TECHNOLOGY FOR PRODUCT, BY TYPE, 2017–2025 (USD MILLION)
TABLE 51 MARKET FOR WIRELESS CONNECTIVITY TECHNOLOGY FOR DEVICE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 52 MARKET FOR BLUETOOTH TECHNOLOGY, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 53 MARKET FOR BLUETOOTH TECHNOLOGY, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 54 MARKET FOR WI-FI TECHNOLOGY, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 55 MARKET FOR WI-FI TECHNOLOGY, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 56 MARKET FOR AIRPLAY TECHNOLOGY, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 57 MARKET FOR AIRPLAY TECHNOLOGY, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 58 MARKET FOR OTHER TECHNOLOGIES, BY PRODUCT, 2017–2025 (USD MILLION)
TABLE 59 MARKET FOR OTHER TECHNOLOGIES, BY DEVICE, 2017–2025 (USD MILLION)
TABLE 60 HI-FI SYSTEM MARKET, BY APPLICATION, 2017–2025 (USD BILLION)
TABLE 61 MARKET IN RESIDENTIAL APPLICATION, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 62 MARKET FOR PRODUCT IN RESIDENTIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 63 MARKET FOR DEVICE IN RESIDENTIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 64 MARKET IN AUTOMOTIVE APPLICATION, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 65 MARKET FOR PRODUCT IN AUTOMOTIVE APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 66 MARKET FOR DEVICE IN AUTOMOTIVE APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 67 MARKET IN COMMERCIAL APPLICATION, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 68 MARKET FOR PRODUCT IN COMMERCIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 69 MARKET FOR DEVICE IN COMMERCIAL APPLICATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 70 MARKET IN OTHER APPLICATIONS, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 71 MARKET FOR PRODUCT IN OTHER APPLICATIONS, BY TYPE, 2017–2025 (USD MILLION)
TABLE 72 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 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 75 MARKET IN NORTH AMERICA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 76 MARKET FOR PRODUCT IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
TABLE 77 MARKET FOR DEVICE IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
TABLE 78 MARKET IN THE US, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 79 MARKET IN CANADA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 80 MARKET IN MEXICO, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 81 MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 82 MARKET IN EUROPE, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 83 MARKET FOR PRODUCT IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 84 MARKET FOR DEVICE IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 85 MARKET IN GERMANY, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 86 MARKET IN UK, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 87 MARKET IN FRANCE, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 88 MARKET IN SPAIN, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 89 MARKET IN REST OF EUROPE, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 90 MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 91 MARKET IN APAC, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 92 MARKET FOR PRODUCT IN APAC, BY TYPE, 2017–2025 (USD MILLION)
TABLE 93 MARKET FOR DEVICE IN APAC, BY TYPE, 2017–2025 (USD MILLION)
TABLE 94 MARKET IN CHINA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 95 MARKET IN JAPAN, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 96 MARKET IN AUSTRALIA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 97 MARKET IN INDIA, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 98 MARKET IN REST OF APAC, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 99 MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 100 MARKET IN ROW, BY SYSTEM, 2017–2025 (USD MILLION)
TABLE 101 MARKET FOR PRODUCT IN ROW, BY TYPE, 2017–2025 (USD MILLION)
TABLE 102 MARKET FOR DEVICE IN ROW, BY TYPE, 2017–2025 (USD MILLION)
TABLE 103 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 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 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 MARKET DURING FORECAST PERIOD
FIGURE 13 APAC HELD LARGEST SHARE OF MARKET IN 2019
FIGURE 14 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 MARKET IN APAC IN 2019
FIGURE 17 US DOMINATED GLOBAL MARKET IN 2019
FIGURE 18 AUTOMOTIVE APPLICATION TO WITNESS HIGHEST GROWTH IN MARKET DURING FORECAST PERIOD
FIGURE 19 INNOVATIONS IN WIRELESS AUDIO TECHNOLOGIES BOOST GROWTH OF 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 MARKET, BY DEVICE
FIGURE 29 MARKET, BY CONNECTIVITY TECHNOLOGY
FIGURE 30 WIRELESS TECHNOLOGY EXPECTED TO SURPASS WIRED TECHNOLOGY IN HI-FI SYSTEM MARKET BY 2025
FIGURE 31 MARKET, BY WIRED TECHNOLOGY
FIGURE 32 MARKET, BY WIRELESS TECHNOLOGY
FIGURE 33 MARKET, BY APPLICATION
FIGURE 34 RESIDENTIAL APPLICATION EXPECTED TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
FIGURE 35 MARKET, BY REGION
FIGURE 36 MARKET IN NORTH AMERICA
FIGURE 37 MARKET SNAPSHOT: NORTH AMERICA
FIGURE 38 MARKET IN EUROPE
FIGURE 39 MARKET SNAPSHOT: EUROPE
FIGURE 40 MARKET IN APAC
FIGURE 41 MARKET SNAPSHOT: APAC
FIGURE 42 MARKET IN ROW
FIGURE 43 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 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)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Hi-Fi System Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Hi-Fi System Market

Request For Special Pricing
Report Code
SE 4321
Published ON
Apr, 2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Hi-Fi System Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home