To use this feature, join Babbler easily !
Babbler allows PR people and reporters to collaborate a better way.
Their newsrooms are already on Babbler
You're 1 click away from signing up
Nice to see you again !
Home Theatre Market Shares, Opportunities, Industry Trends and Forecast to 2027
minutes reading time
minute reading time
As per the Home Theater Market report, the market has projected to generate approximately USD 31 billion during the assessment time frame. Further, the global market accounts for 19% of CAGR during the analysis period from 2017 to 2023.
The global home theater market is expanding tremendously because of different factors and trends. The growth driving factors include a rise in cloud services' adoption and increasing vendor collaboration for developing the dynamic product. Moreover, the emerging market has the expansion of the big players, which is fueling the global market growth during the research period.
Segmentally, the worldwide Home Theater Market has been divided based on the speaker system, distribution channel, and audio types.
In terms of the distribution channel segment, the market for home theater has been divided into offline and online. On the basis of audio types segment, the market for home theater has been classified into the component system, sound bar, component separate, and box system.
Geographically, the Home Theater Market has been divided into different locations such as Europe, Asia Pacific, North America, Latin America, Middle East Africa and the rest of the world.
According to the market for Home Theatre, the North American market is registered to acquire the largest market share throughout the analysis period. This is because of the growing demands of the home theater among the customers in the specific countries of North America.
In July 2019, the prominent player Sony launched its new HT-S350 Soundbar and HT-X8500 Soundbar for providing a wider range of home theater experiences to its intended audiences and customers. For instance, in July 2019, the major player Samsung has announced its new Home theater system intending to grow its audio components.
Congratulations, you're registered on Babbler!
Discover now all the news waiting for you on Babbler: visit your newsfeed.!
Your topics have been selected, you can change it by clicking here