Home > Media & Technology > Media and Entertainment > Audio Video > Soundbar Market

Soundbar Market Share

  • Report ID: GMI4638
  • Published Date: Apr 2020
  • Report Format: PDF
 Download Free Sample

Soundbar Market Share

The soundbar market is highly competitive with presence of prominent manufacturers accounting for over 55% revenue share. Key industry players are focusing on new product development strategies to strengthen their product portfolios and increase their customer bases. For instance, in August 2018, Bose Corporation launched Soundbar 500 for music and home theatre. The new soundbar included proprietary mic technology in its headsets & headphones for better voice clarity.
 

Integration of voice assistants with soundbar systems is aiding market players to expand their customer bases and business recognition. Several audio equipment manufacturers are also entering the market. For instance, in May 2019, Sennheiser Electronic GmbH & Co. KG launched AMBEO soundbar, featuring five dedicated hi-fi speakers and high-quality sound.
 

Key industry players include

  • Bose Corporation
  • Koninklijke Philips N.V.
  • Panasonic Corporation
  • Plantronics, Inc.
  • Samsung Electronics, Co. Ltd.
  • Koninklijke Philips N.V.
  • LG Corporation
  • Polk Audio
  • Vizio Inc.
  • TCL Corporation
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of soundbar surpassed USD 5 billion in 2019.

The industry share of soundbar is poised to grow at a CAGR of 3.5% between 2020 and 2026.

Online distribution channels will expand at a CAGR of around 5% in the soundbar market through 2026, as e-commerce companies are offering several discounts and cost saving options to increase their customer bases.

The Asia Pacific market will witness steady growth during the forecast period owing to growing media consumption and presence of global, regional, and local industry players.

Key industry players include Bose Corporation, Koninklijke Philips N.V., Panasonic Corporation, Plantronics, Inc., Samsung Electronics, Co. Ltd., Koninklijke Philips N.V., LG Corporation, Polk Audio, Vizio Inc., and TCL Corporation.

Soundbar Market Scope

  • Soundbar Market Size
  • Soundbar Market Analysis
  • Soundbar Market Share

    • Buy Now

    Immediate Delivery Available

    Premium Report Details

    • Base Year: 2019
    • Companies covered: 20
    • Tables & Figures: 241
    • Countries covered: 15
    • Pages: 220
     Download Free Sample
    ×
    Get a free sample of Soundbar Market
    Inquiry Before Buying
    Get special pricing options on this report
    Request Sectional Data
    Over 70% of our clients customize reports to fit their needs. Please tell us how you would like to customize yours below

    Your personal details will remain secure and confidential.