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Date Submitted: 11/07/2016 04:58 AM
Global Home Audio Equipment Market to Exceed US$
24.3 Bn by 2023: Credence Research
According to a new market report published by Credence Research, Inc. “Global Home Audio Equipment
Market (By Product Type (Home Theatre Systems, Soundbars, and Blu-ray and DVD Players), and Sales
Channel (Retail Channel and Online/E-commerce Channel) - Growth, Share, Opportunities, Competitive
Analysis, and Forecast 2016 - 2023”, the global home audio equipment market is expected to witness a
steady growth during the forecast period, exceeding US$ 24.3 Bn by 2023.
Browse the Global Home Audio Equipment (By Product Type (Home Theatre Systems, Soundbars, and Bluray and DVD Players), and Sales Channel (Retail Channel and Online/E-commerce Channel) Market Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at
http://www.credenceresearch.com/report/home-audio-equipment-market
Market Insights:
Home audio equipment includes audio devices like home theater systems, soundbars, and DVD players
among others that are specifically used for the entertainment purpose. Today’s advanced home audio
equipment are feature-rich, equipped to support other music systems, televisions, and projectors. The
advancements in technology have not only made these equipment feature-rich (wireless, noise
cancellation technology, integration with Bluetooth device, etc.), but also more compact and light weight.
Growing preference for wireless music is shaping the global home audio equipment market. In addition,
growing consumer desire for high-performance music experience coupled with the increasing disposable
income is expected to propel the demand for home audio equipment globally.
Home Audio Equipment Market
Competitive Insights:
The global home audio equipment market is highly competitive and fragmented. Product portfolio
expansion through new product development is the prime strategy adopted by the vendors in the market.
Ideally, vendors compete...