Soundbar Market Trends and Drivers:
The soundbar market is primarily driven by the increasing demand for sleek and minimalist home audio solutions. In addition, soundbars offer a space-saving alternative to traditional multi-speaker setups, making them an attractive choice for homeowners who desire a clutter-free living space, thus contributing to the market growth. Moreover, the integration of smart features and connectivity options has made soundbars more versatile and appealing to a broader audience, representing another major growth-inducing factor. Along with this, modern soundbars are equipped with Bluetooth and Wi-Fi capabilities, enabling users to connect their devices wirelessly and stream audio content effortlessly, thus propelling the market growth. Besides this, the evolution of television with a slimmer body has limited space for built-in speakers, resulting in the adoption of soundbars, with their advanced speaker configurations and sound-enhancing technologies, providing a convenient solution to this problem, thus accelerating the sales demand. Furthermore, the recent coronavirus disease (COVID-19) pandemic escalated the demand for soundbars due to individuals spending time at home, creating immersive entertainment setups, thus propelling the market growth.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Wall-Mounted
- Table-top
- Others
Breakup by Installation Method:
- Active Soundbars
- Passive Soundbars
- Others
Breakup by Connectivity:
- Wi-Fi
- Bluetooth
- Others
Breakup by Application:
- Home Audio
- Commercial
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Bose Corporation
- Edifier International Limited
- Harman International Industries, Incorporated
- LG Electronics
- Panasonic Corporation
- Polk Audio, LLC
- Samsung Group
- Sennheiser electronic GmbH & Co. KG
- Sony Corporation
- Yamaha Corporation
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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