6.4% CAGR For Hi-Fi (High Fidelity) System Market Trends to 2022 Led by Automotive Application

Press Release   •   May 24, 2016 07:49 EDT

The Hi-Fi (high fidelity) system market size, in terms of value, is expected to grow from $10.62 billion in 2015 to $16.49 billion by 2022, at a CAGR of 6.4% between 2016 and 2022. Audio device manufacturers have witnessed an increased shipment of devices with varied connectivity solutions such as Bluetooth, Air Play, Wi-Fi, and SKAA, and it is expected that sound bars, portable speakers, and other personal wireless audio devices such as wireless headphones would provide impetus to this growth momentum. In short, a rise in the portable devices, such as smartphones and tablets, is driving a huge demand for the wireless audio products which has also contributed to the demand for wireless Hi-Fi systems. Complete report on Hi-Fi (high fidelity) system market spread across 215 pages, profiling 12 companies and supported with 93 tables and 111 figures is now available at http://www.rnrmarketresearch.com/hi-fi-system-market-by-product-speakers-sound-bars-network-media-players-blu-ray-players-dvd-player-headphones-device-dac-amplifier-preamplifier-receiver-connectivity-technology-applications-and-g-st-to-2022-market-report.html .

The automotive application market is estimated to grow at the highest CAGR during the forecast period. With the emerging trends, the automotive manufacturers provide wireless Hi-Fi speaker systems to cars. All luxury automotive comes with a fully integrated wireless Hi-Fi system and in-car infotainment system, whereas the ordinary manufacturers provide this facility in their top-end models. The overall growth in the car segment, including the sheer demand for luxury automotive in the developing economies (car and bus), is likely to further push the demand for Hi-Fi audio devices.

Speaker & sound bar market to play a key role in the Hi-Fi (high fidelity) system market. The speaker & sound bar product category is expected to hold the largest market share and dominate the Hi-Fi (high fidelity) system market between 2016 and 2022, owing to the increasing adoption of wireless devices across the globe. Ask for sample report before order a copy of this research at http://www.rnrmarketresearch.com/contacts/request-sample?rname=561295 .

APAC is the largest and the fastest growing region for Hi-Fi audio system. The increasing number of consumers adopting technologies such as smartphones, tablets, smart homes, and home-theater-in-a-box (HTiB) is making this possible. However, the Hi-Fi (high fidelity) system market in the North America poses a steady growth and accounts for the second-largest market. Despite being a mature market, the growth in the North American market is highly sustainable because of the presence of a large number of manufacturers in the region.

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (75%) and Managers (25%) from various key organizations operating in the Hi-Fi (high fidelity) system market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (40%), and RoW (30%).

The key players in the Hi-Fi (high fidelity) system market profiled in the report are Onkyo Corporation (Japan), Bowers & Wilkins (U.K.), Bose Corporation (U.S.), Panasonic Corporation (Japan), Yamaha Corporation (Japan), DEI Holdings Inc. (U.S.), Harman International, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Co., Ltd. (South Korea) and Tannoy Ltd. (U.K.). Ask for Discount on “HI-FI System Market by Product (Speakers & Sound Bars, Network Media Players, Blu-Ray Players, Dvd Player, Headphones), Device (Dac, Amplifier, Preamplifier, & Receiver), Connectivity Technology, Applications, And Geography - Global Forecast to 2022” research report at http://www.rnrmarketresearch.com/contacts/discount?rname=561295 .

The major focus for the Hi-Fi (high fidelity) system market has to be on the residential and automotive applications. Cost effectiveness is yet another crucial factor for the mass penetration of products in these application segments. Companies that provide a range of options for connectivity technologies are expected to emerge as the game changers since the customers are expected to find it easier to sync up with loads of devices while at home or work. Huge growing preference for the wireless connectivity has put forth a fact that almost all speaker categories are now being re-designed to incorporate wireless connectivity. The Bluetooth speakers are one of the most popular categories within the wireless Hi-Fi speakers. The size, design, and connectivity make them a demanding product.

On a related note, another research titled Audio Codec Market Global Forecast to 2022 says, the audio codec market was valued at USD 5.49 billion in 2015 and is expected to reach USD 7.44 billion by 2022, at a CAGR of 4.3% between 2016 and 2022. Headphone, headset, and wearable device are expected to be the fastest-growing application in the audio codec market during the forecast period. APAC is the fastest-growing region for the audio codec market during the forecast period. Companies like Cirrus Logic, Inc. (U.S.), Texas Instruments Inc. (U.S.), ST Microelectronics N.V (Switzerland), Qualcomm Inc.(U.S.), Analog Devices, Inc. (U.S.) and Maxim Integrated Products Inc. (U.S.), Realtek Semiconductor Corp. (Taiwan), Dolby Laboratories, Inc. (U.S.), Fraunhofer IIS (Germany) and Technicolor SA (France) have been profiled in this 146 pages research report available at http://www.rnrmarketresearch.com/audio-codec-market-by-component-hardware-and-software-channel-type-mono-codec-stereo-codec-and-multi-channel-codec-compression-type-non-compression-lossless-compression-and-lossy-compression-application-st-to-2022-market-report.html .

Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .

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