Global Home Theaters Strategic Business Report 2023: Growing Smart Homes Catalyze Demand for Home Theaters

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Jul 03, 2023, 19:00 ET

DUBLIN, July 3, 2023 /PRNewswire/ -- The "Home Theaters: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Home Theaters estimated at US$13.4 Billion in the year 2022, is projected to reach a revised size of US$24.6 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030.

Home Theatre In A Box Systems (HTIB), one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$14.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Sound Bars segment is readjusted to a revised 8.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 11.1% CAGR

The Home Theaters market in the U.S. is estimated at US$4.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.9 Billion by the year 2030.

Select Competitors (Total 70 Featured) -

Atlantic Technology, Inc.
B & W Group Limited
Bose Corporation
Definitive Technology
Harman International Industries, Inc.
Koninklijke Philips N.V.
LG Electronics Inc.
Logitech International SA
Monitor Audio Ltd.
Panasonic Corporation
Pioneer Corporation
Samsung Electronics Co., Ltd.
Sharp Corporation
Sonos, Inc.
Sony Corporation
The Quest Group dba GoldenEar Technology
Yamaha Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Home Theaters - Global Key Competitors Percentage Market Share in 2022 (E)
Market Share by Key Players
Market Share by Product Type
Market Share by Applications
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
COVID-19 Pandemic: A Review
As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Spurred by COVID-19-Induced Entertainment Demand, Home Theater is Back on Stage
Locking in the Opportunity
Soundbars Inch towards Ubiquitous Status amid COVID-19 Crisis
An Introduction to Home Theaters
Home-theater-in-a-box systems
Components of a Home-Theater System
Market Outlook
Consumer Location Preference for Watching New Movies Post COVID-19
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Prominent Trends Renewing Interest in Dedicated Home Theaters
Home Theaters: Major Advances Delivering Cinematic Spectacle at Home
Major Design Trends in Home Theaters
Multiple Screen Trend Here to Stay
Hidden Equipment
Bigger Home Theaters Attract Consumers Inclination
Multipurpose Rooms
Secondary Theaters
Eclectic Style Home Theatres Win Big with Cinephiles
Growing Smart Homes Catalyze Demand for Home Theaters
Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
Rise in Home Entertainment Spending Drives Opportunities
Leading Streaming Services by Subscriber Base (in Million): 2020
Global SVOD Services Market Breakdown of Subscriber Base (in %) by Service Provider: 2021E
Global Number of SVoD Subscribers (In Million): 2015-2024
Custom Integrators to Cut the Clutter
Rapid Growth of OTT Platforms & Rise in Demand for High-Quality Streaming Content to Drive Market Gains
Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
Artificial Intelligence (AI) Emerges as a Key Technology to Induce Market Growth
Soundbars Continue to Grow in Popularity
New Soundbars Set to Redefine User Listening Experience
Rise in Penetration of Large Flat Panel TVs Fuels Demand for Soundbars
Global Sales of OLED and LED TVs (In Million Units) for the Years 2018, 2020, 2022, 2024, & 2026
Global Shipments of Televisions by Screen Resolution (2018 & 2022): Percentage Breakdown of Volume Shipments for HD/FHD, 4K and 8K TVs
A Peek into Consumer Behavior
Home Theatre for Work-from-home
Home Theatres as Health Retreats
Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
Rapid Growth in Urban Households
World Urban Population in Millions: 1950-2050
Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
Growing Affluence of Middle Class Consumer Segment
Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
Rising Living Standards

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/3xbs9i

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