Home Theatre Market Research Report- Global Forecast 2027

Home Theatre Market, By Component (Sound & Display Systems, Storage Devices, Media Players), By Type (Home Theatre in a Box System, Sound Bar, Component Systems) - Forecast 2027

ID: MRFR/SEM/2777-HCR | February 2021 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS
6 HOME THEATRE MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENTS

6.2.1.1 SOUND & DISPLAY SYSTEMS

6.2.1.2 MEDIA PLAYERS

6.2.1.3 STORAGE DEVICES

6.2.1.4 OTHERS

6.2.2 BY TYPE

6.2.2.1 HOME THEATRE IN A BOX SYSTEM

6.2.2.2 SOUND BAR

6.2.2.3 COMPONENT SYSTEM

6.2.2.4 COMPONENT SEPARATE

6.2.3 BY GEOGRAPHY

6.2.3.1 NORTH AMERICA

6.2.3.2 EUROPE

6.2.3.3 ASIA-PACIFIC

6.2.3.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 BOSE CORPORATION (U.S.)

7.2.2 LG ELECTRONICS (SOUTH KOREA)

7.2.3 PANASONIC CORPORATION (JAPAN)

7.2.4 SAMSUNG ELECTRONICS CO., LTD. (SOUTH KOREA)

7.2.5 SONY CORPORATION (JAPAN)

7.2.6 AKAI ELECTRONICS (JAPAN)

7.2.7 KONINKLIJKE PHILIPS N.V., (NEATHERLANDS)

7.2.8 BOWERS & WILKINS (U.K.)

7.2.9 ATLANTIC TECHNOLOGY (U.S.)

7.2.10 TOSHIBA CORPORATION (JAPAN)

7.2.11 OTHERS
LIST OF TABLES

TABLE 1 HOME THEATRE MARKET, BY COMPONENT

TABLE 2 HOME THEATRE MARKET, BY TYPE

TABLE 3 HOME THEATRE MARKET, BY REGION

TABLE 4 NORTH AMERICA HOME THEATRE MARKET, BY COMPONENT

TABLE 5 NORTH AMERICA HOME THEATRE MARKET, BY TYPE

TABLE 6 U.S. HOME THEATRE MARKET, BY COMPONENT

TABLE 7 U.S. HOME THEATRE MARKET, BY TYPE

TABLE 8 CANADA HOME THEATRE MARKET, BY COMPONENT

TABLE 9 CANADA HOME THEATRE MARKET, BY TYPE

TABLE 10 EUROPE HOME THEATRE MARKET, BY COMPONENT

TABLE 11 EUROPE HOME THEATRE MARKET, BY TYPE

TABLE 12 GERMANY HOME THEATRE MARKET, BY COMPONENT

TABLE 13 GERMANY HOME THEATRE MARKET, BY TYPE

TABLE 14 FRANCE HOME THEATRE MARKET, BY COMPONENT

TABLE 15 FRANCE HOME THEATRE MARKET, BY TYPE

TABLE 16 U.K. HOME THEATRE MARKET, BY COMPONENT

TABLE 17 U.K. HOME THEATRE MARKET, BY TYPE

TABLE 18 REST OF EUROPE HOME THEATRE MARKET, BY COMPONENT

TABLE 19 REST OF EUROPE HOME THEATRE MARKET, BY TYPE

TABLE 20 ASIA-PACIFIC HOME THEATRE MARKET, BY COMPONENT

TABLE 21 ASIA-PACIFIC HOME THEATRE MARKET, BY TYPE

TABLE 22 REST OF THE WORLD HOME THEATRE MARKET, BY COMPONENT

TABLE 23 REST OF THE WORLD HOME THEATRE MARKET, BY TYPE

LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 HOME THEATRE MARKET: BY COMPONENT (%)

FIGURE 3 HOME THEATRE MARKET: BY TYPE (%)

FIGURE 4 HOME THEATRE MARKET: BY REGION (%)

FIGURE 5 NORTH AMERICA HOME THEATRE MARKET, BY COMPONENT (%)

FIGURE 6 NORTH AMERICA HOME THEATRE MARKET, BY TYPE (%)

FIGURE 7 EUROPE HOME THEATRE MARKET, BY COMPONENT (%)

FIGURE 8 EUROPE HOME THEATRE MARKET, BY TYPE (%)

FIGURE 9 ASIA-PACIFIC HOME THEATRE MARKET BY COMPONENT (%)

FIGURE 10 ASIA-PACIFIC HOME THEATRE MARKET, BY TYPE (%)

FIGURE 11 ROW HOME THEATRE MARKET, BY COMPONENT (%)

FIGURE 12 ROW HOME THEATRE MARKET, BY TYPE (%)

Home Theatre Market

The home theatre market is expected to demonstrate a growth rate of approximately USD 31 billion by the year 2023. The net registered CAGR is 19 % between the forecasted period of 2017 to 2023.

Segmentation

By Component Sound & Display Systems Storage Devices Media Players
By Type Home Theatre In A Box System Sound Bar Component Systems

Key Players

  • BOSE CORPORATION (U.S.)
  • LG ELECTRONICS (SOUTH KOREA)
  • PANASONIC CORPORATION (JAPAN)
  • SAMSUNG ELECTRONICS CO. LTD. (SOUTH KOREA)
  • SONY CORPORATION (JAPAN)
  • AKAI ELECTRONICS (JAPAN)
  • KONINKLIJKE PHILIPS N.V. (NEATHERLANDS)
  • BOWERS & WILKINS (U.K.)
  • ATLANTIC TECHNOLOGY (U.S.)
  • TOSHIBA CORPORATION (JAPAN)

Drivers

  • vendor collaboration for dynamic product generation increase in adoption of cloud services
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Home Theater Market Overview:


In addition, the global home theater market is expected to rise at a CAGR of 19%, with a value of USD 31 billion over the estimated forecast year of 2020-2027.


Home theaters are commonly used audio-video systems in households for entertainment purposes. The projector screens of such systems are available in different diagonal sizes ranging from 70 inches to 200 inches. Home theater systems with a lamp-less technology-based video projector screen are widely popular among people as they can provide a high-quality entertainment experience for the system. 


Nowadays, companies focus on providing innovative sound theater systems to provide an elegant entertainment solution to the users. The rising consumer spending on home entertainment-related devices like home theater systems, soundbars, headphones and others is expected to drive the market's growth. However, the development of the customer adoption of the 3D sound system-based compact sized home cinema devices is further likely to provide new opportunities for the market's growth. This is likely to ease the demand for home-based entertainment-related devices like home theaters and headphones. The regular introduction of such innovative products by the associated companies is likely to attract the users towards buying them, thereby driving the growth of the market sectors.


COVID 19 Analysis:

In the hard times of coronavirus, it is difficult to say if there had been any upliftment in the home theatre market. People were asked to stay at home to prevent coronavirus from affecting them. What makes this disease more deadly is its unknown cure. The vaccines are not made hence prevention is better than cure. And because you don't exist so it becomes as prevention is better otherwise suffer. Due to the lockdown that was ordered in the hold world mostly the import and export services too were ceased. Lockdown forced most people to stay inside the house which means the physical companies and factories or shops that offered home theatres weren't working or functional. But because home theatre is a versatile electronic device that can be purchased online, it also gave a positive impact on its product manufacturer and purchase. Because people were mostly getting bored in their houses Netflix Amazon prime web series movies TV shows were the only engaging and entertaining sources. What's better than home theatre during the lockdown. Hence its produce did rise and is expected to even rise in the upcoming years.

Market Dynamics

Drivers:

The home theatre is growing tremendously in the global market due to various trends and drivers. These drivers are the factors that make the home theatre market emerge. These drivers include vendor collaboration for dynamic product generation, increase in adoption of cloud services, and expansion of the big players in the emerging markets.

Value Chain Analysis:

The home theatre market is increasing rapidly as it provides various benefits and hence adds value to the entertainment society. Home theatre is a very good source of passing your time. People usually prefer watching movies or TV serials in a much better environment which is the perfect space provided by the home theatre. Not just watching the movie and TV serials but home theatres are also used to conduct big conferences and access the TV for video calling and big meetings are held online. Home theatres have proved to be and attach support during the lockdown period for many many people.

Market Segmentation:

The home theatre analysis in the global market has been divided based on the component, audio types, and speaker system.

Based On The Component

The home theatre industry in the global market has been divided based on the component into sound and display systems media players storage devices and others.

Based On The Speaker System:

The home theatres in the global market has been divided based on the speaker system into a wide range of speakers which includes front speakers, rear speakers, and subwoofers. The center speakers are described a bit further. The Centre speaker provides the user with a dynamic sound effect; it also produces the dialogues and projects the music in a much real form.

Surrounding speakers usually help in reproducing the ambiance and sound effects in the movies, TV serials, web series, etc.


Surrounding speakers are full of bandwidth bass projects, excellent sound, and clarity of words without any mumbling and jumping into what is being said.


Based On The Audio Types:

The home theatre market in the global market has been divided based on the audio types into home theatre in a box system, soundbar, component system, and component separate.

Regional Analysis:

The home theatre market in the global market has been divided based on the region into North America, Asia Pacific, Europe, and the rest of the world.

The North American region holds the largest home theatre market share. Owing to the rising demands of the home theatre industry from the consumers in their region. It is evident to see high-quality audio and sound systems present in the home theatres. The home theatre industry statistics in this region are quite high. With the fastest growing CAGR in the home theatre industry in the region of Asia Pacific. There is an emergence of a growing economy from the region and also people have got the purchasing power which increases day by day.

From the rest of the world of course small and medium-sized players from other regions do contribute towards the growth of the market. And equally, benefit people of their region from the Global home theatre market.

Competitive Landscape:

The most prominent major key players in the Home theatre market in the global market are as follows:
Sony Corporation produces a wide range of home theatre systems. The sound system projects 1,950 power output and 5.2-inch surround sound.

Panasonic Corporation is one of the prominent players of home theatre systems. It recently manufactured 7 products of home theatre systems each with distinct technology and sound systems.


Akai electronics, one of the prominent players in the home theatre market, has manufactured a wide range of home theatre systems that consist of 5.1 channel amplifiers, realistic bass effects, USB connectivity, and FM radio.


These most prominent major key players in the Home theatre market in the global market use various strategies to cater to the increasing need of the customer. They use various policies and strategies like collaborations, mergers, and acquisitions, establishing a joint venture, developing the new production process, innovation in the existing product, expansion of business, and partnership. This is to increase their customer base in the global potential market.

Recent Developments:

August 2020:


In August 2020, Summit Wireless technologies Inc., a leading sound technologies-based intelligent devices provider, launched 'Tunes By THX Monaco 3.1'. This wireless home audio system delivers a high-quality sound experience to home theater users.


May 2020:


In May 2020, Sonos launched Dolby Atmos and voice assistant equipped Arc soundbar. The Sonos Arc provided 5.0 channel, or Dolby Atmos surround sound on its own with the help of eight woofers and three angle tweeters. However, the increasing number of smart homes equipped with connected devices boosts the market for home theater systems, driving soundbar sales across the global market sectors.


Report Overview:

The global Home theatre market research report consists of the following elements:


  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Intended audience


This global Home theatre market research report consists of the factors that drive the Home theatre market in the global market along with the factors that enhance the Home theatre market in the global market. This report also contains various key players in the Home theatre market in the global market during the forecasted period. The impact of COVID 19 on the Home theatre market is also estimated. The future growth rate of the Home theatre market in the global market is mentioned

Intended Audience:

The home theatre market demand it is made from the various intended audience who are as follows-


  • Investors and consultants

  • System Integrators

  • Research/Consultancy firms

  • Technology solution providers

  • IT Solution Providers

  • Original Equipment Manufacturers



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Frequently Asked Questions (FAQ) :

Global home theatre market is projected to grow at approximately 19% CAGR during the assessment period (2017-2023).

The valuation of the global home theatre market is estimated to increase to USD 31 BN by the end of 2023.

Growing landscape of consumer electronics industry and the rising economic growth worldwide are the major factors driving the growth of the global home theatre market.

North America holds the largest share in the global home theatre market, followed by the Asia Pacific region and Europe, respectively.

LG Electronics (South Korea), Bose Corporation (U.S.), Panasonic Corporation (Japan), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Akai Electronics (Japan), Bowers & Wilkins (U.K.), Koninklijke Philips N.V., (Netherlands), Atlantic Technology (U.S.), and Toshiba Corporation (Japan), are some of the top players operating in the global home theatre market.