Networked Audio Products Market a new research document covering detailed analysis, competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like Americas, APAC, EMEA and important players/vendors. The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-2021.
This report covers the present scenario and the growth prospects of the global networked audio products market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of networked audio products such as Bluetooth, Digital Living Network Alliance (DLNA), AirPlay, Play-Fi, Sonos, and Others.
Complete report on the Networked Audio Products Market Research Report spread across 106 pages, profiling 18 companies with table of content is now available at www.reportsnreports.com/contacts/d…aspx?name=1165466 .
The following companies as the key players in the global networked audio products market: Pioneer, Samsung Electronics, Sonos, and Yamaha.Other Prominent Vendors in the market are: Cambridge Audio, Cirrus Logic, Denon, Grace Digital, Logitech, Naim Audio, On-Hold Plus, QSC, Marantz America, Roku, Sherwood, Sony, TEAC, and TOA Electronics.
The latest trend gaining momentum in the market is Improved wireless connectivity. The Bluetooth technology was introduced in 1999.
Since then, the technology has undergone a significant evolution to become more powerful. Currently, networked audio products that are available are equipped with the latest version of Bluetooth smart chips.
They reduce power consumption and improve the range and sound quality. Apart from AirPlay and Bluetooth, Play-Fi and Sonos are some of the other technologies that are having rapid growth, and they are likely to experience high growth during the forecast period.
According to the report, one of the major drivers for this market is Increase in number of smart homes. A large number of homes in developed countries, such as the US and the UK, are being renovated into smart homes.
In a smart home, smart electronics, consumer electronic devices, and media and entertainment gadgets are connected to the home network and can interact with each other. The demand for smart homes is highly driven by the need for energy conservation, convenience, and connectivity among home devices.
In addition, government initiatives are promoting smart homes for a better living, which is supporting the growth of smart homes. For instance, the introduction of smart meters to conserve energy and assistance of power line communication.
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Further, the report states that one of the major factors hindering the growth of this market is Availability of counterfeit products. Several top consumer electronics manufacturers are facing a threat because of the availability of counterfeit products with unauthorized dealers and at local stores.
APAC is considered to be the hub for counterfeit products because of the presence of a large number of local counterfeit product manufacturers in the region. Consumers with limited budgets and unawareness invest in such products because they are inexpensive, attractive, and copies of big brands.
The growing popularity and easy availability of counterfeit networked audio devices will likely increase the competition in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Networked Audio Products Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?