Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet.

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Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market.  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are stimulating individuals to opt for Hi-Fi systems. The substantial increase in GDP across the developing economies integrated with the increasing per capita income in India, China, and Japan and accelerating internet penetration throughout the world is anticipated to propel the Hi-Fi system market size. However, the health issues concerned with the use of audio devices for a longer period and the wide range of problems associated with the wireless system may obstruct the market growth.

System Segment Drivers

On the basis of the System, the Product is projected to dominate the market during the forecast period because of the surging demand for headphone & earphone, speaker & soundbar, Blu-ray player, CD player, DVD player, and microphone among consumers accompanied by the expanding adoption of wireless technology across the world. The speaker & soundbar are also suitable for smartphones, gaming consoles, TVs, music systems, and home theatres and can be easily connected using HDMI, wi-fi, and Bluetooth.

Regional Drivers

Based on the regional coverage, Asia-pacific is predicted to lead in the global Hi-Fi System market during the forecast period attributed to the growing demand for Hi-Fi systems by consumers across several countries, including India, Japan, and China. The rising disposable income of consumers, along with the increasing GDP growth rate in developing economies, will further contribute to the growth of the market.

Hi-Fi System Market’s Leading Manufacturers:

  • Koninklijke Philips N.V.
  • Dei Holdings, Inc.
  • LG Electronics
  • Bose Corporation
  • Sony Corporation
  • Yamaha Corporation
  • Panasonic Corporation
  • Sennheiser Electronic GmbH & Co. KG
  • Apple Inc.
  • Samsung Electronics Co., Ltd.

Hi-Fi System Market Segmentation:

Segmentation by System:

  • Product
  • Speaker & Soundbar
  • CD Player
  • DVD Player
  • Blu-Ray Player
  • Network Media Player
  • Turntable
  • Headphone & Earphone
  • Microphone
  • Device
  • DAC (Digital-To-Analog Converter)
  • Amplifier
  • Preamplifier
  • Receiver

Segmentation by Connectivity Technology:

  • Wired
  • Ethernet Cable
  • Audio Cable
  • Wireless
  • Bluetooth
  • Wi-Fi
  • Airplay
  • Others

Segmentation by Application:

  • Residential
  • Automotive
  • Commercial
  • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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