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Home Theater Systems Market

Market Insights on Home Theater Systems covering sales outlook, demand forecast & up-to-date key trends

Home Theater Systems Market by Type, Distribution Channel & region - Forecast 2022 - 2032

Home Theatre Systems Market Snapshot (2022-2032)

The Home Theatre Systems Market is likely to hold the global market at a moderate CAGR of ~9.5% during the forecast period. The global market holds a forecasted revenue of ~US$ 9.7 Billion in 2022 and is likely to cross ~US$ 24.1 Billion by the end of 2032.

The home theatre systems market is anticipated to show promising growth prospects during the forecast period, expanding the global home theatre systems market size.

Attribute

Details

The Home Theatre Systems Market Estimated Size (2021)

~US$ 8.9 Bn

The Home Theatre Systems Market Estimated Size (2022)

~US$ 9.7 Bn

The Home Theatre Systems Market Projected Size (2032)

~US$ XX Bn

The Home Theatre Systems Market CAGR (2022-2032)

~9.5%

The appeal of home entertainment systems has greatly increased over time. A home theatre system is, to put it simply, an entertainment setup that includes televisions and video equipment and is intended to replicate the experience of movie theatres, using surround sounds within the confines of the owner's home. Entertainment experiences have been greatly improved by home theatre systems.

The home theatre market has seen a profusion of sophisticated product debuts as technological improvements permeate different industries, especially wireless audio streaming devices like Alexa and Echo, which aim to improve the acoustic experiences of potential end users.

These days, audio systems with Bluetooth and Wi-Fi connectivity are becoming more and more popular all over the world. Home theatre systems are becoming more and more popular because people are tending to watch movies on OTT platforms at home, instead of going to theatres and spending money on tickets.

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Providing Theatre like Experience for Onetime Price and Availability of Entertainment Platforms are Boosting the Home Theatre Market

Advancement in technology is really pushing the boundaries between virtual world and realism. New technologies like 3D videos, VR and AR technology, interactive videos along with high definition picture qualities going up to 4K and 8K pixels are practically immersing the audience into the media. All these devices and equipment are available for customers, who like to experience the entertainment in a different way. All these technologies are pretty expensive, but people are willing to pay, as they provide out-of-the-world movie experience.

Along with advancement in systems, availability of internet and video platforms are another reason for people choosing home theatres. The OTT platforms like Netflix and Disney Plus have number of shows and movies to watch in reasonable price. When paired with advanced home theatres, it can provide best movie experience at home. People are also preferring to stay at home instead of going to theatres, as changed lifestyle during lockdown because of COVID pandemic.

The home theatre system comprises multiple speakers, tweeters, sub-woofers and sound bars, all collectively providing a combined, complex and immersing surround sound, when combined with big and high definition TVs, one can have theatre like experience at home. Many systems are now wireless, using Bluetooth and Wi-Fi connections. They get connected to smart phones and TVs in no time and have ease in access, making them popular in the segment. These are some driving trends for the home theatre systems market.

Premium Price Range and Counterfeit Products are Posing Problems for Growth of Home Theatre Systems Market

The main restrains to the market are premium prices of these systems and fake, counterfeit products.

The home theatres are combo package of different speakers, with different designs. The main aim for such arrangement is that every component of this system emits different type of sound with different intensity. All this planning is done to give best in class theatre like experience to customers. The technology used in these sounds are advanced, making these systems expensive. The main customers for home theatres are high class people having disposable income. Middleclass people with fixed budget cannot afford them and hence are out of the market.

Other big problem for the market are fake products. There are some big names in home theatre market, giving best services to the customers. Some counterfeit producers use their name to increase their own sales. These fake products are not up to the standards set, resulting customers to avoid purchases from same brand. Some products work well and are available in cheaper prices, attracting majority of customers, posing a challenge to big players in the market.

Sneha Verghese
Principal Consultant
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Regional Insights

European Customers are Preferring Wireless Sounds and Systems Instead of Wired

European customers are more interested in purchasing wireless, Bluetooth sounds, instead of wired systems. The main reason for the popularity is their portable nature and ease in use. These sounds can connect to multiple devices and can be carried to other places. They are relatively cheaper than bigger systems, and can be as effective as home theatres is some cases.

Increasing Purchasing Power and Popular Brands are Responsible for Boost in Asia Pacific Region

Asia Pacific region is sharing a big part of home theatre systems market. The main reasons are availability of customers due to increasing online streaming services and popular brands like Samsung, Sony, Alpine and many more, providing best in class products and services. There are also some other brands providing home theatre systems in reasonable prices, with good quality which can be compared with top providers.

Competitive Landscape

Some key players in the Home Theatre Systems market are Bowers & Wilkins, Bang & Olufsen A/S, Sound United, VOXX International Corporation, Samsung Electronics Co. Ltd., Sony Corporation, Bose Corporation, Toshiba Corporation, Yamaha Corporation, Koninklijke Philips, LG Corporation and others. These are popular and well-known brands all over the world.

  • Sony Corporation, a very popular electronics brand has launches a premium home theatre series in 2022, equipped with high definition surround sound technology and innovative sound mapping technology, used to sense the surrounding and create a ‘phantom sounds’ effect, immersing the user. The system comprises set of sounds and a sound bar.
  • JBL have introduced best in class, high definition wireless home theatre system, comprising a sound bar with detachable speakers, subwoofers and a main speaker box. The system has built in Chromecast, compatible for online streaming services. This system can provide movie experiences even surpassing the actual movie theatres.
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Scope of Report

Attribute

Details

Growth Rate

CAGR of ~9.5% from 2022 to 2032

Base year for estimation

2021

Historical Data Available for

2017-2021

Forecast Period

2022-2032

Quantitative units

Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis

Segments covered

Type, Distribution Channel, Region

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa

Key Companies Profiled

  • Bowers & Wilkins
  • Bang & Olufsen A/S
  • Sound United
  • VOXX International Corporation
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Bose Corporation
  • Toshiba Corporation
  • Yamaha Corporation
  • Koninklijke Philips
  • LG Corporation
  • Others

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Key Segments Profiled in the Home Theatre Systems Market

By Application:

  • Home Theatre in a Box System (HTIB)
  • Sound Bar
  • Component System

By Distribution Channel:

  • Specialty Stores
  • Online Store

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

The Home Theatre Systems market is expected to reach a valuation of ~US$ 9.7 Bn in 2022.

Number of brands providing different types of home theatre systems at different price ranges and audience’s increasing preference to OTT platforms for watching movies and shows at home are some key driving trends for home theatre system market.

Leading players operating in Home Theatre Systems market are Bowers & Wilkins, Bang & Olufsen A/S, Sound United, VOXX International Corporation, Samsung Electronics Co. Ltd., Sony Corporation, Bose Corporation, Toshiba Corporation, Yamaha Corporation, Koninklijke Philips, LG Corporation and among others.

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Sneha Verghese
Principal Consultant
LinkedIn
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Home Theater Systems Market