Top Companies in the Sound bar Market | Leading Players Growth Analysis by Vantage market research
The Sound Bar Market is witnessing growth due to its ability to stream audio content wirelessly and improve the overall experience, and the ability to integrate with voice assistants like Amazon, Google, etc.
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Upcoming Trends in Soundbar Market
The Global Sound Bar Market is valued at USD 5,321.9 Million in the year 2021 and is projected to reach a value of USD 6,429.0 Million by the year 2028. The market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 3.2% over the forecast period. The global soundbar market was mainly driven by strong demand from emerging markets like China and Japan owing to the decline in the cost of staples associated with the soundbar. Another major factor is the advancing technologies and government policies to uphold the expansion of the industry, because of the rapid development of the downstream market, the soundbar industry is additionally during a substantial increase in upgrading technology. However, the structure i.e. size and width of the soundbar may require space enough space to be placed. This might limit the demand for the soundbar market. Furthermore, new technology and trends are likely to supply numerous opportunities in untapped emerging economies.
Some of the key players operating in the soundbar market are listed below:
|
Company Name |
Revenue in USD |
|
$3 Billion |
|
$365 Million |
|
$62 Billion |
|
$54 Billion |
|
$66 Million |
|
$229 Billion |
|
$49 Billion |
Bose Corporation is an American manufacturing company that predominantly sells audio equipment. The company was established by Amar Bose in 1964 and is based in Framingham, Massachusetts.
Edifier specializes in premium sound systems that showcase technological innovation and design elegance. The company delivers outstanding audio experience through a wide range of speakers and music systems, and headphones for personal & home entertainment as well as professional excellence. Established in May 1996 in Beijing, Edifier is the brainchild of a small group of enterprising music lovers. Guided by the principle “A Passion for Sound”, Edifier has emerged as a world-class manufacturer of award-winning sound systems to serve audiences from all walks of life.
LG Corporation, formerly Lucky-Goldstar from 1983 to 1995, is a South Korean multinational conglomerate corporation founded by Koo In-hwoi and managed by successive generations of his family. It is the fourth-largest chaebol in South Korea.
Panasonic Corporation, formerly Matsushita Electric Industrial Co., Ltd. is a major Japanese multinational conglomerate company, headquartered in Kadoma, Osaka. It was founded by Kōnosuke Matsushita in 1918 as a lightbulb socket manufacturer.
Since the founding of Polk in 1972, it’s been the company’s mission to craft high-quality, great-sounding speakers and audio products that are accessible to everyone. For the people of Polk, designing and building authentic audio solutions is their true passion. Polk remains a home-grown success story, still proudly based in Baltimore, right where we started. Companies’ engineers and designers now hold more than 65 patents for pioneering advances in audio design and technology. These innovations have influenced the audio industry many times over.
Samsung Electronics Co., Ltd. is a South Korean multinational electronics corporation headquartered in the Yeongtong District of Suwon. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012.
Xiaomi Corporation, registered in Asia as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. Behind Samsung, it is the second-largest manufacturer of smartphones in the world, most of which run the MIUI operating system.
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For More Information about each of these companies.
Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, an in-depth analysis of key players, Development opportunities, Sales, and a Revenue Forecast.
