Rising advancement in technology to boost the global soundbar market

15-May-2017 | Zion Market Research

A soundbar is nothing but a particular speaker with numerous drivers, which is much broader than normal speaker as well as it is tall and always mounted on a monitor of the computer or below a home theater screen or television. It is also known a speaker bar. It can considerably enhance the experience of sound of users, with no complicated matters of wiring, surround sound speakers, and others for the complete family theater. In 2015, the global soundbar market was esteemed at $2,327.0 Million. In 2021, the global soundbar market is anticipated to reach $4,886.0 Million, growing at a rate of 10.6% CAGR from 2016 to 2021. In 2015, the global market stood at 12,155-kilo units in terms of volume.

Some of the key players of the global market include Vizio, Samsung, Sony, Yamaha, Philips, LG, Sharp, Panasonic, Polk Audio, Bose, JVC Kenwood, Harman, and others.

The latest 340W 3.1Ch Flat Soundbar K551 soundbar from Samsung is a great piece of technology and design. Launched in February this year, the new soundbar has a sleek design that indicates the elegant class of the soundbar. The enhanced quality of the music and sound delivered by the device gives a life living experience to the users. Users will not regret their decision of opting for the new Samsung soundbar. The launch of this 340W 3.1Ch Flat Soundbar K551 from Samsung is enough to fuel the global soundbar market.

When speaking region-wise, the North America continued to rule the market till 2015. It was Asia Pacific regions such as China and India that started their realm on the global market from 2015 onwards. All thanks to the use of advanced technology in the production of the soundbar in these regions. Europe, on the other side, has also shown some noteworthy control in the market. The rising trend among the populace to own the soundbar is the main reason behind the steady growth in Europe.

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In a nutshell, the global market for the soundbar is having their good days owing to the technology and there are no signs of the market going down in the coming period.

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