Global Home Audio Equipment Market to Exceed Us$ 24.3 Bn by 2023: Credence Research

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...