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Soundbar Market by Type (2, 2.1, 5.1 and Other) for Music Players, TV Sets, Computer Systems and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 19-Sep-2016 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-163 Status : Published

Global soundbar market forecast to reach USD 4,886.0 million in 2021, growing at a CAGR of 10.6% between 2016 and 2021.

Description

The report covers forecast and analysis for the soundbar market on a worldwide and regional level. The study provides historic information of 2015 together with a forecast from 2016 to 2021 supported each volume (kilo units) and revenue (USD million). The study includes drivers and restraints for the soundbar market together with the impact they need on the demand over the forecast period. In addition, the report includes the study of opportunities obtainable within the soundbar market on a worldwide level.

In order to provide the users of this report a comprehensive read on the sound bar market, we've provided an in-depth competitive scenario and products portfolio of key vendors. To understand the competitive landscape within the market, an analysis of Porter’s Five Forces model for the soundbar market has also been enclosed. The study encompasses a market attractiveness analysis, whereby application segments are benchmarked supported their market size, growth rate, and general attractiveness.

The study provides a decisive read on the soundbar market by segmenting the market based on applications. All the application segments are analyzed based on current and future trends and therefore the market is estimated from 2015 to 2021. The key type of soundbar market are included in this study includes 2, 2.1, 5.1 and other. Key application market included in this study includes music, TV and other applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa with its more bifurcation into major countries as well as U.S. Germany, France, UK, China, Japan, Asian nation, and Brazil. This segmentation includes demand for soundbar based on individual applications altogether the regions and countries.

The report also includes elaborate profiles of end players include Samsung, Vizio, Yamaha, Sony, LG, Philips, Panasonic, Sharp, Bose, Polk Audio, Harman and JVC. The elaborate description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

The report segments the global soundbar market as:

Soundbar Market: Type Segment Analysis

  • Version 2
  • Version 2.1
  • Version 5.1
  • Other Version

Soundbar Market: Application Segment Analysis

  • Music Players
  • TV Sets
  • Computer Systems
  • Others

Soundbar Market: Regional Segment Analysis

  • North America 
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global soundbar market, 2015 - 2021, (USD Million)
    • 2.2. Soundbar: Market snapshot
  • Chapter 3. Soundbar Market: Industry Analysis
    • 3.1. Soundbar: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Growing demand for soundbar products
      • 3.2.2. Advancing technologies
      • 3.2.3. Easy availability of raw material
    • 3.3. Restraints
      • 3.3.1. Growing competition among vendors led to decrease in cost
    • 3.4. Opportunity
      • 3.4.1. Untapped emerging markets
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by type of soundbar segment
      • 3.6.2. Market attractiveness analysis by application segment
      • 3.6.3. Market attractiveness analysis by regional segment
  • Chapter 4. Global Soundbar Market: Competitive Landscape
    • 4.1. Company market share analysis, 2015
    • 4.2. Price trend analysis
  • Chapter 5. Global Soundbar Market: Type Overview
    • 5.1. Global soundbar market share, by type of soundbar, 2015 and 2021
    • 5.2. Version 2
      • 5.2.1. Global soundbar market for version 2, 2015 - 2021 (Kilo Units)(USD Million)
    • 5.3. Version 2.1
      • 5.3.1. Global soundbar market for version 2.1, 2015 - 2021 (Kilo Units)(USD Million)
    • 5.4. Version 5.1
      • 5.4.1. Global soundbar market for version 5.1, 2015 - 2021 (Kilo Units)(USD Million)
    • 5.5. Others
      • 5.5.1. Global soundbar market for other types, 2015 – 2021 (Kilo Units) (USD Million)
  • Chapter 6. Global Soundbar Market: Application Overview
    • 6.1. Global soundbar market share, by application, 2015 and 2021
    • 6.2. Music players
      • 6.2.1. Global soundbar market for music players, 2015 - 2021 (Kilo Units)(USD Million)
    • 6.3. TV sets
      • 6.3.1. Global soundbar market for TV sets, 2015 - 2021 (Kilo Units)(USD Million)
    • 6.4. Computer systems
      • 6.4.1. Global soundbar market for computer systems, 2015 - 2021 (Kilo Units)(USD Million)
    • 6.5. Others
      • 6.5.1. Global soundbar market for others, 2015 – 2021 (Kilo Units) (USD Million)
  • Chapter 7. Soundbar Market: Regional Analysis
    • 7.1. Global soundbar market: Regional overview
      • 7.1.1. Global soundbar market share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America soundbar market volume, by type, 2015 – 2021 (Kilo Units)
      • 7.2.2. North America soundbar market revenue, by type, 2015 – 2021 (USD Million)
      • 7.2.3. North America soundbar market volume, by application, 2015 – 2021 (Kilo Units)
      • 7.2.4. North America soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.2.5.2. U.S. soundbar market revenue, by type, 2015 – 2021 (USD Million)
        • 7.2.5.3. U.S. soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.2.5.4. U.S. soundbar market revenue, by application, 2015 – 2021 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe soundbar market volume, by type, 2015 – 2021 (Kilo Units)
      • 7.3.2. Europe soundbar market revenue, by type, 2015 – 2021 (USD Million)
      • 7.3.3. Europe soundbar market volume, by application, 2015 – 2021 (Kilo Units)
      • 7.3.4. Europe soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.3.5. Germany
        • 7.3.5.1. Germany soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.3.5.2. Germany soundbar market revenue, by type, 2015 – 2021 (USD Million)
        • 7.3.5.3. Germany soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.3.5.4. Germany soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.3.6. UK
        • 7.3.6.1. UK soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.3.6.2. UK soundbar market revenue, by type, 2015 – 2021 (USD Million)
        • 7.3.6.3. UK soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.3.6.4. UK soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.3.7. France
        • 7.3.7.1. France soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.3.7.2. France soundbar market revenue, by type, 2015 – 2021 (USD Million)
        • 7.3.7.3. France soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.3.7.4. France soundbar market revenue, by application, 2015 – 2021 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia-Pacific soundbar market volume, by type, 2015 – 2021 (Kilo Units)
      • 7.4.2. Asia-Pacific soundbar market revenue, by type, 2015 – 2021 (USD Million)
      • 7.4.3. Asia-Pacific soundbar market volume, by application, 2015 – 2021 (Kilo Units)
      • 7.4.4. Asia-Pacific soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.4.5. China
        • 7.4.5.1. China soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.4.5.2. China soundbar market revenue, by type, 2015 – 2021 (USD Million)
        • 7.4.5.3. China soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.4.5.4. China soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.4.6. Japan
        • 7.4.6.1. Japan soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.4.6.2. Japan soundbar market revenue, by type, 2015 – 2021 (USD Million)
        • 7.4.6.3. Japan soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.4.6.4. Japan soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.4.7. India
        • 7.4.7.1. India soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.4.7.2. India soundbar market revenue, by type, 2015 – 2021 (USD Million)
        • 7.4.7.3. India soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.4.7.4. India soundbar market revenue, by application, 2015 – 2021 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America soundbar market volume, by type, 2015 – 2021 (Kilo Units)
      • 7.5.2. Latin America soundbar market revenue, by type, 2015 – 2021 (USD Million)
      • 7.5.3. Latin America soundbar market volume, by application, 2015 – 2021 (Kilo Units)
      • 7.5.4. Latin America soundbar market revenue, by application, 2015 – 2021 (USD Million)
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.5.5.2. Brazil soundbar market volume, by type, 2015 – 2021 (Kilo Units)
        • 7.5.5.3. Brazil soundbar market volume, by application, 2015 – 2021 (Kilo Units)
        • 7.5.5.4. Brazil soundbar market volume, by application, 2015 – 2021 (Kilo Units)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa soundbar market volume, by type, 2015 – 2021 (Kilo Units)
      • 7.6.2. Middle East & Africa soundbar market revenue, by type, 2015 – 2021 (USD Million)
      • 7.6.3. Middle East & Africa soundbar market volume, by application, 2015 – 2021 (Kilo Units)
      • 7.6.4. Middle East & Africa soundbar market revenue, by application, 2015 – 2021 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Samsung
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Vizio
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Yamaha
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Tylema
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Sony
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. LG
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Philips
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Panasonic
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Sharp
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Bose
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Soundbar market. Zion Research has collected and analyzed key data belong to the global Soundbar market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Soundbar across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Soundbar industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Soundbar market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

A soundbar is a slender unit with frequent built-in speakers. It encompasses a special loudspeaker enclosure that produces sound from a single cabinet. The soundbar is designed to improve the sound quality without using loads of wires. Its condense structure reduces the use of external wiring. Several manufacturers produce hybrid soundbar, in which the soundbar represents left, center, and right speakers along with the subwoofer, rear-left, and rear-right speakers.

The major driving factor for global soundbar market is rapidly expanding the market in emerging countries as well as the promotion of flat-panel TVs, and consideration of the layout of the interior space. National policies to promote the development of the industry are likely to fuel the demand for soundbar over the years to come. However, more and more companies are entering this field, and enterprise profits will be diluted which can slow down the growth of the global soundbar market. Nonetheless, advancing technologies and trends are likely to open new doors for this industry in coming years.

Global Soundbar Market Volume and Revenue

Based on the type of soundbars, the global sound market is segmented as version 2, 2.1, 5.1 and other versions. Global soundbar market was dominated by version 2.1 in 2015. It accounted for more than 30.0% share of total volume consumption. Version 2.1 offers excellent audio performance, wireless subwoofer, and center channel.  These attributes make the soundbar will remain dominant in the market over the forecast period. Version 5.1 was the second largest segment of global soundbar market in the same year. However, version 5.1 system that is likely to have moderate growth during the year to come.

The major applications of soundbar system are the music player, television sets, computer systems and other applications. Among these applications, music players hold the largest share of the total soundbar market in 2015. Moreover, an increase in numbers of celebrations and events in various industries are projected to drive the demand for music players. This attribute is expected to assist to continue the dominance of music player over the future years. TV & home theater and computer systems are the important outlets that are also expected to have a healthy growth during the years to come.

Based on geography, North America held the leading market for the soundbar in 2015. It accounted for around 35.0% shares of the entire market of the soundbar and it is expected to continue the dominance over the coming years. North America was followed by Asia-Pacific and Europe. Moreover, Asia Pacific is expected to be the fastest growing market for the soundbar. In terms of volume consumption, China was one of the largest markets in 2015. And further, it is expected to continue this trend in future years owing to the advanced development and the rapid decline in prices. Furthermore, Latin America and the Middle East & Africa are expected to have significant growth over the years to come.

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

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