Soundbar Market to Register 8% CAGR in Consumer Electronics Industry| Technavio

NEW YORK, Aug. 19, 2021 /PRNewswire/ -- Technavio has been monitoring the soundbar market, operating in the communication services industry. The latest report on the soundbar market, 2021-2025 estimates it to register an incremental growth of USD 2.07 billion, at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. 

Technavio has announced its latest market research report titled Soundbar Market by Application and Geography - Forecast and Analysis 2021-2025

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 2 Expect LLC, Altec Lansing Inc., B & W Group Ltd., Bose Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., and Sony Corp. are among some of the major market participants.

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An increase in the number of smart homes, wireless streaming of audio content, and increasing innovations in technology are some of the factors that have been instrumental in driving the growth of the market. In addition, the increase in multi-room streaming, the advent of cloud services, increased use of e-commerce platforms, and product bundling are some other factors anticipated to influence the market's growth positively in the long run. However, the presence of counterfeit products and growing competition from Bluetooth speakers might hamper the market growth.

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Soundbar Market 2021-2025: Segmentation

Soundbar Market is segmented as below:

Based on geographic segmentation, over 36% of the market's originated from North America during the forecast period. In addition, music players segment led the largest market share in terms of application of the soundbar market. This report provides an accurate prediction of the contribution of all the segments to the growth of the soundbar market size.

  • Application
    • Music Players
    • TV Sets
    • Computers
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Soundbar Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soundbar market report covers the following areas:

  • Soundbar Market Size
  • Soundbar Market Trends
  • Soundbar Market Industry Analysis

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Soundbar Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist soundbar market growth during the next five years
  • Estimation of the soundbar market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the soundbar market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of soundbar market, vendors

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Music players - Market size and forecast 2020-2025
  • TV sets - Market size and forecast 2020-2025
  • Computers - Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 2 Expect LLC
  • Altec Lansing Inc.
  • B & W Group Ltd.
  • Bose Corp.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Panasonic Corp.
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Sony Corp.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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