The report on the Global Hi-Fi Systems Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is portioned into various segments with an in-depth outlook of the competitive outlook and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
High fidelity (Hi-Fi) is a term used by audiophiles as a high quality of reproduction of sound to differentiate it from a low quality sound. Hi-fi has accurate frequency, and lesser noise and distortion. There are many modern hi-fi equipment such as digital audio tape, HD radio tuners, and digital audio broadcasting (DAB) which are digitally connected by fibre optic cables, USB, or a wi-fi connection. Furthermore, a hard drive can be used to store music files in the form of computer files. The use of wireless audio applications has enhanced the growth of this market.
Asia Pacific is estimated to be the largest market owing to factors such as growing population, higher disposable income, and technological developments have boosted this market growth. The automobile sector overall has experienced the highest growth with growing attraction towards sound bars with tethering capabilities have helped in the growth of this sector. North America and Europe being developed economies will experience a substantial growth with increasing demand for luxury automotive that come with wireless hi-fi sound system.
Drivers
- Rising demand for infotainment services
- Higher expenses induced on R&D of wireless audio technology
- Technological advancements in wireless audio
- Growing demand for portable devices
Restraints
- Issues related to operating frequency compliance for wireless hi-fi system
- Negative impact on children and other user groups
Report includes a detailed analysis on value chain in order to provide a holistic view of the hi-fi system market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the hi-fi system industry, from raw material suppliers to end-users.
Hi-fi system market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
The hi-fi system market has further been segmented based on system such as product (speaker and sound bar, CD player, DVD player, Blu-ray player, network media player, turntable, headphone & earphone, and microphone); and device (Digital To Analog Convertor - DAC, amplifier, receiver, and preamplifier). The study provides forecast and estimates market for each system in terms of revenue and volume during the forecast period from 2020 to 2026. Each system has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.
The hi-fi system market has further been segmented based on technology such as wired (ethernet, audio cables), wireless (bluetooth, wi-fi, airplay, others). The study provides forecast and estimates market for each technology in terms of revenue and volume during the forecast period from 2020 to 2026. Each technology has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.
The hi-fi system market has been segmented based on applications such as residential, commercial, automotive, and others. The study provides forecast and estimates market for each application in terms of revenue and volume during the forecast period from 2020 to 2026. Each application has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.
In terms of geography, the hi-fi system market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Rest of the World. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
The report also covers the complete competitive landscape of the global Hi-Fi System market with company profiles of key players such as:
- Onkyo Corporation
- Bowers & Wilkins Group Ltd.
- Yamaha Corporation
- Bose Corporation
- Panasonic Corporation
- Harman International Inc.
- LG Electronics Corporation
- DEI Holdings, Inc.
- Koninklijke Philips N.V.
- Samsung Electronics Co., Ltd.
- Sony Corporation
- Tannoy Ltd.
A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players. The report also provides hi-fi system market's mergers/acquisitions, partnerships, collaborations, new product launches, new product developments and other industry developments.
SEGMENTATIONS IN REPORT:
Hi-Fi System Market Analysis By System:
- Product
- Speaker And Sound Bar
- CD Player
- DVD Player
- Blu-Ray Player
- Network Media Player
- Turntable
- Headphone & Earphone
- Microphone
- Device
- Digital To Analog Convertor (DAC)
- Amplifier
- Receiver
- Preamplifier
Hi-Fi System Market Analysis By Technology:
- Wired
- Wireless
- Bluetooth
- Wi-Fi
- AirPlay
- Others
Hi-Fi System Market Analysis By Applications:
- Residential
- Commercial
- Automotive
- Others
Hi-Fi System Market Analysis By Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
The Global Hi-Fi System Market has been exhibited in detail in the following chapters -
Chapter 1 Hi-Fi System Market Preface
Chapter 2 Executive Summary
Chapter 3 Hi-Fi System Industry Analysis
Chapter 4 Hi-Fi System Market Value Chain Analysis
Chapter 5 Hi-Fi System Market Analysis By System
Chapter 6 Hi-Fi System Market Analysis By Technology
Chapter 7 Hi-Fi System Market Analysis By Applications
Chapter 8 Hi-Fi System Market Analysis By Geography
Chapter 9 Competitive Landscape Of Hi-Fi System Companies
Chapter 10 Company Profiles Of Hi-Fi System Industry
METHODOLOGY:
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.