Lucintel Forecasts the Global Home Audio Equipment Market to Reach $52.8 billion by 2030
Lucintel Forecasts the Global Home Audio Equipment Market to Reach $52.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global home audio equipment market looks promising with opportunities in the home theater in-a-box, home audio speaker and system, home radio markets. The global home audio equipment market is expected to reach an estimated $52.8 billion by 2030 from $30.5 billion in 2024,at a CAGR of 9.6% from 2024 to 2030. The major drivers for this market are growing demand for high-quality audio experiences, rising popularity of streaming audio services, and expanding gaming market across the globe.
A more than 150-page report to understand trends, opportunity and forecast in home audio equipment market to 2030 by type (home theater in-a-box, home audio speakers and systems, home radios, and others), technology (wired and wireless), distribution channel (online and offline), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the technology category, wireless will remain a larger segment over the forecast period due to rising popularity of smart home devices as it is more convenient to use and install, moreover it is also becoming more affordable.
Within the type category, home theater in-a-box is expected to witness the highest growth as it is easy to set up and use.
Download sample by clicking on home audio equipment market
In terms of region, APAC will remain the largest region during the forecast period due to the increasing demand for high-quality audio experiences, growing adoption of wireless audio technologies, and rising popularity of smart home devices.
Akai Electric, Audio Partnership, Bose Corporation, Dolby Laboratories, XPERI, Harman International Industries, Intexare the major suppliers in the home audio equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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