HI-FI System Market Analysis Research 2017 is a premium report explores HI-FI System Market Size, Share, Growth, Potential, Opportunity and Company analysis to 2022. HI-FI System Market particularly focusing on HI-FI System Demand, Market Drivers, Challenges, Major trends, and value chain Analysis. Global HI-FI System Market set to hit $16.49 million by 2022 at a CAGR of 6.4% by 2022.
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Study expands HI-FI System Market by Product (Speakers & Sound Bars, Network Media Players, Blu-Ray Players, Dvd Player, Headphones), Device (Dac, Amplifier, Preamplifier, & Receiver), Connectivity Technology, Applications, And Geography - Global Forecast to 2022
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Global Key HI-FI System Market Companies Mentioned In Report: Onkyo Corporation (Japan), Bowers & Wilkins (U.K.), Bose Corporation (U.S.), Panasonic Corporation (Japan), Yamaha Corporation (Japan), DEI Holdings Inc. (U.S.), Harman International, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Co., Ltd.
This report segments the Hi-Fi system market comprehensively and provides the closest approximations of the overall market size and that of the subsegments across the different verticals and regions.The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.orea)., Tannoy Ltd. (U.K.)
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Audio device manufacturers have witnessed an increased shipment of devices with varied connectivity solutions such as Bluetooth, Air Play, Wi-Fi, and SKAA, and it is expected that sound bars, portable speakers, and other personal wireless audio devices such as wireless headphones would provide impetus to this growth momentum. In short, a rise in the portable devices, such as smartphones and tablets, is driving a huge demand for the wireless audio products which has also contributed to the demand for wireless Hi-Fi systems.
The automotive application market is estimated to grow at the highest CAGR during the forecast period. With the emerging trends, the automotive manufacturers provide wireless Hi-Fi speaker systems to cars.
All luxury automotive comes with a fully integrated wireless Hi-Fi system and in-car infotainment system, whereas the ordinary manufacturers provide this facility in their top-end models. The overall growth in the car segment, including the sheer demand for luxury automotive in the developing economies (car and bus),is likely to further push the demand for Hi-Fi audio devices.
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APAC is the largest and the fastest-growing region for Hi-Fi audio system. The increasing number of consumers adopting technologies such as smartphones, tablets, smart homes, and home-theater-in-a-box (HTiB) is making this possible.
However, the Hi-Fi system market in the North America poses a steady growth and accounts for the second-largest market. Despite being a mature market, the growth in the North American market is highly sustainable because of the presence of a large number of manufacturers in the region.
Companies that provide a range of options for connectivity technologies are expected to emerge as the game changers since the customers are expected to find it easier to sync up with loads of devices while at home or work. The major focus for the Hi-Fi system market has to be on the residential and automotive applications.
Cost effectiveness is yet another crucial factor for the mass penetration of products in this application segment.
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