Market outlook of the home theater market
A home theater refers to a set of audio systems that are interconnected with audio and video systems like a DVD/Blu-ray player, TV, or other sound systems. The global market for home theaters is expected to witness steady growth during the forecast period and is influenced by factors like the growing number of smart homes across the globe. These factors promote the prospects for growth in this market during the forecast period and results in its impressive market value of more than USD 28 billion by 2020.
Technavio market research analyst has estimated eminent factors, such as the wireless streaming of audio content, to drive market growth during the forecast period. Recently, it has been observed that most of the audio systems are equipped with wireless features like Bluetooth and Wi-Fi connectivity. The ability of these devices to connect to portable devices like smartphones, tablets, and laptops is a significant factor that impels growth in this market during the forecast period.
Geographical segmentation of the home theater market
Geographically, the Americas are expected to account for a market share of nearly 40% by 2020. The high market share of this region can be attributed to the growing preference of the consumers towards better visual and audio effects. Since this region is an early adopter of the home theater technology, the market in this region is expected to reach a level of saturation during the forecast period.
Competitive landscape and key vendors - Bose, LG Electronics, Panasonic
This market is highly competitive and fragmented due to the presence of numerous large and small vendors. Intense competition, rapid advances in technology, and frequent changes in consumer preferences are examples of some factors that pose significant challenges to the vendors. These vendors compete with each other on the basis of performance, innovation, product features, quality, low cost, selling price, distribution, and financial stability to gain maximum prominence in this market during the forecast period.
Key vendors in this market are -
Other prominent vendors analyzed in this market research are Atlantic Technology, Bowers & Wilkins, D&M, Definitive Technology, GoldenEar Technology, Harman, Koninklijke Philips, Logitech International, Monitor Audio, Pioneer, Sharp, Sonos, and Toshiba.
Growth drivers, challenges, and upcoming trends - Home theaters
Technavio market research analysts envisage upcoming trends, such as the growing number of smart homes, to incite the prospects for growth in this market during the forecast period. Home theaters play a critical role in the functioning of smart homes as they replace the traditional audio systems in smart TVs and gaming consoles. Additionally, the increased spending capacity of consumers in developing countries across the globe is expected to be a significant factor that will foster growth in this market during the forecast period.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the home theater market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global home theater market?
What are the key market trends impacting the growth of the global home theater market?
What are the challenges to market growth?
Who are the key vendors in the global home theater market?
What are the market opportunities and threats faced by the vendors in the global home theater market?
Trending factors influencing the market shares of the EMEA, Americas, and APAC?
What are the key outcomes of the five forces analysis of the global home theater market?
Technavio also offers customization on reports based on specific client requirement.
Global Home Audio Market 2014-2018
Global Networked Audio Products Market 2015-2019
Global Home Entertainment Equipment Market 2012-2016
Home Entertainment Market in the US 2015-2019
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Product life cycle
Market size and forecast
Five forces analysis
PART 06: Geographical segmentation
Global home theater market by geography
Home theater market in the Americas
Home theater market in EMEA
Home theater market in APAC
PART 07: Key leading countries
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Other prominent vendors
PART 14: Key vendor analysis
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Global home theater market 2015-2020 ($ billions)
Exhibit 02: Global home theater market 2015-2020 (millions of units)
Exhibit 03: Five forces analysis
Exhibit 04: Global home theater market by geography 2015
Exhibit 05: Global home theater market by geography 2015-2020 (unit shipment)
Exhibit 06: Home theater market in the Americas 2015-2020 (millions of units)
Exhibit 07: Home theater market in EMEA 2015-2020 (millions of units)
Exhibit 08: Home theater market in APAC 2015-2020 (millions of units)
Exhibit 09: Per capita disposable income of leading countries 2010-2014 ($)
Exhibit 10: Impact of drivers
Exhibit 11: Impact of drivers and challenges
Exhibit 12: Bose: Product segmentation
Exhibit 13: LG: Business segmentation by revenue 2014
Exhibit 14: LG: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 15: LG: Geographical segmentation by revenue 2014
Exhibit 16: Panasonic: Business segmentation by revenue 2014
Exhibit 17: Panasonic: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 18: Samsung Electronics: Business segmentation by revenue 2014
Exhibit 19: Samsung Electronics: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 20: Samsung Electronics: Geographical segmentation by revenue 2014
Exhibit 21: Sony: Business segmentation by revenue 2015
Exhibit 22: Sony: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 23: Sony: Geographical segmentation by revenue 2015