Home theater market: APAC will account for 47% of the growth of the market, Evolving Opportunities with Atlantic Technology Inc., AudioQuest, among others - Technavio

NEW YORK, Feb. 21, 2023 /PRNewswire/ -- According to Technavio, the home theater market will witness a YOY growth of 8.04% between 2022 and 2023. The report is segmented by product (home theater speakers and sound bars), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The home theater market size is estimated to increase by USD 7.4 billion at a CAGR of 8.51% from 2022 to 2027 - Request a sample report

Home theater market - Vendor insights

The global home theater market is fragmented due to the presence of several regional and global players. The vendors compete by differentiating their product offerings and expanding their businesses. Some of the major players have a wide geographical presence and market outreach. The competition is expected to intensify during the forecast period due to technological innovations and operation expansions. Vendors are investing significantly in high-quality raw materials and are focusing on product-related R&D to develop advanced home theater systems. They are also focusing on building brand equity to differentiate themselves from their competitors.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• AudioQuest
• Bluesound International
• Bose Corp.
• Bowers & Wilkins
• Koninklijke Philips NV
• LG Corp.
• Logitech International SA
• Monitor Audio Ltd.
• NAD Electronics
• Panasonic Holdings Corp.
• Pioneer Corp.
• Samsung Electronics Co. Ltd.
• Sennheiser Electronic GmbH and Co. KG
• Sharp Corp.
• Sonos Inc.
• Sony Group Corp.
• the Rotel Co., Ltd.
• Toshiba Corp.
• Yamaha Corp.
• For details on vendors and their offerings – Buy the report!

Home theater market - Geographical analysis 

APAC will provide maximum growth opportunities in the home theater market during the forecast period. According to our research, the region will account for 47% of the global market growth during the forecast period between 2022 and 2027. China, Japan, and India are the major markets for home theaters in APAC. The growth of the market in the region is attributed to factors such as an increase in the disposable income of the population.

Know more about this market's geographical distribution along with a detailed analysis of the top regions: https://www.technavio.com/report/home-theater-market-industry-analysis

Home theater market - Key segment analysis

The home theater market share growth by the home theater speakers segment will be significant during the forecast period. Home theater systems provide a surround sound and theater-like experience, as they use multiple speakers. They are available in various formats. Vendors are introducing new speakers with innovative designs and functionalities. For instance, in July 2021, SONY announced its plan to launch a newly developed home theater lineup with the HT-A9.

Download a sample to obtain additional highlights and key points on various market segments and their impact in the coming years. 

Home theater market - Key market drivers & challenges

The home theater market is primarily driven by the rise in disposable income. The household incomes in developed countries have been increasing. This, in turn, has increased the spending capability of the people, which has made high-end audio devices more affordable. Vendors have been focusing on capturing emerging markets such as China and India in recent years due to rapid economic growth and increasing purchasing power. These factors will drive the growth of the market during the forecast period.

The high cost of home theater systems poses a huge threat to the growth of the global home theater market. Home theater systems are more expensive than stand-alone speaker systems. Other factors, such as location, level of construction, and quality of materials, further increase the costs. The high cost of home theater systems will hinder their adoption among the middle-class population. This, in turn, can impede the growth of the global home theater market during the forecast period.  

Download a sample for highlights on market drivers and challenges affecting the home theater market

What are the key data covered in this home theater market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the home theater systems market between 2023 and 2027
• Precise estimation of the size of the market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of home cinema market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global home theater market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global home theater market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Home theater speakers - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Home theater speakers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Home theater speakers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Home theater speakers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Home theater speakers - Year-over-year growth 2022-2027 (%)

• 6.4 Sound bars - Market size and forecast 2022-2027
• Exhibit 38: Chart on Sound bars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Sound bars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Sound bars - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Sound bars - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Atlantic Technology Inc. 
• Exhibit 108: Atlantic Technology Inc. - Overview
• Exhibit 109: Atlantic Technology Inc. - Product / Service
• Exhibit 110: Atlantic Technology Inc. - Key offerings

• 12.4 AudioQuest 
• Exhibit 111: AudioQuest - Overview
• Exhibit 112: AudioQuest - Product / Service
• Exhibit 113: AudioQuest - Key offerings

• 12.5 Bose Corp. 
• Exhibit 114: Bose Corp. - Overview
• Exhibit 115: Bose Corp. - Product / Service
• Exhibit 116: Bose Corp. - Key news
• Exhibit 117: Bose Corp. - Key offerings

• 12.6 Koninklijke Philips NV 
• Exhibit 118: Koninklijke Philips NV - Overview
• Exhibit 119: Koninklijke Philips NV - Business segments
• Exhibit 120: Koninklijke Philips NV - Key news
• Exhibit 121: Koninklijke Philips NV - Key offerings
• Exhibit 122: Koninklijke Philips NV - Segment focus

• 12.7 LG Corp. 
• Exhibit 123: LG Corp. - Overview
• Exhibit 124: LG Corp. - Business segments
• Exhibit 125: LG Corp. - Key offerings
• Exhibit 126: LG Corp. - Segment focus

• 12.8 Logitech International SA 
• Exhibit 127: Logitech International SA - Overview
• Exhibit 128: Logitech International SA - Business segments
• Exhibit 129: Logitech International SA - Key news
• Exhibit 130: Logitech International SA - Key offerings
• Exhibit 131: Logitech International SA - Segment focus

• 12.9 Panasonic Holdings Corp. 
• Exhibit 132: Panasonic Holdings Corp. - Overview
• Exhibit 133: Panasonic Holdings Corp. - Business segments
• Exhibit 134: Panasonic Holdings Corp. - Key news
• Exhibit 135: Panasonic Holdings Corp. - Key offerings
• Exhibit 136: Panasonic Holdings Corp. - Segment focus

• 12.10 Pioneer Corp. 
• Exhibit 137: Pioneer Corp. - Overview
• Exhibit 138: Pioneer Corp. - Business segments
• Exhibit 139: Pioneer Corp. - Key offerings
• Exhibit 140: Pioneer Corp. - Segment focus

• 12.11 Samsung Electronics Co. Ltd. 
• Exhibit 141: Samsung Electronics Co. Ltd. - Overview
• Exhibit 142: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 143: Samsung Electronics Co. Ltd. - Key news
• Exhibit 144: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 145: Samsung Electronics Co. Ltd. - Segment focus

• 12.12 Sennheiser Electronic GmbH and Co. KG
• Exhibit 146: Sennheiser Electronic GmbH and Co. KG - Overview
• Exhibit 147: Sennheiser Electronic GmbH and Co. KG - Business segments
• Exhibit 148: Sennheiser Electronic GmbH and Co. KG - Key news
• Exhibit 149: Sennheiser Electronic GmbH and Co. KG - Key offerings
• Exhibit 150: Sennheiser Electronic GmbH and Co. KG - Segment focus

• 12.13 Sharp Corp. 
• Exhibit 151: Sharp Corp. - Overview
• Exhibit 152: Sharp Corp. - Business segments
• Exhibit 153: Sharp Corp. - Key news
• Exhibit 154: Sharp Corp. - Key offerings
• Exhibit 155: Sharp Corp. - Segment focus

• 12.14 Sonos Inc. 
• Exhibit 156: Sonos Inc. - Overview
• Exhibit 157: Sonos Inc. - Product / Service
• Exhibit 158: Sonos Inc. - Key offerings

• 12.15 Sony Group Corp. 
• Exhibit 159: Sony Group Corp. - Overview
• Exhibit 160: Sony Group Corp. - Business segments
• Exhibit 161: Sony Group Corp. - Key news
• Exhibit 162: Sony Group Corp. - Key offerings
• Exhibit 163: Sony Group Corp. - Segment focus

• 12.16 Toshiba Corp. 
• Exhibit 164: Toshiba Corp. - Overview
• Exhibit 165: Toshiba Corp. - Business segments
• Exhibit 166: Toshiba Corp. - Key offerings
• Exhibit 167: Toshiba Corp. - Segment focus

• 12.17 Yamaha Corp. 
• Exhibit 168: Yamaha Corp. - Overview
• Exhibit 169: Yamaha Corp. - Business segments
• Exhibit 170: Yamaha Corp. - Key offerings
• Exhibit 171: Yamaha Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 172: Inclusions checklist
• Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 175: Research methodology
• Exhibit 176: Validation techniques employed for market sizing
• Exhibit 177: Information sources

• 13.5 List of abbreviations 
• Exhibit 178: 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 provide 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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