Hi-Fi System Market by System (Product, Device), Connectivity Technology (Wired, Wireless (Bluetooth, Wi-Fi, Airplay, Others)), Application (Residential, Automotive, Commercial, Others), and Geography – Global Forecast to 2025

2020-04-03
Price :
Published : Apr-2020
No. of Pages : 150

“Innovations in wireless audio technology drives the Hi-Fi system market.”

The Hi-Fi system market is expected to grow from USD 13.6 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 5.2%. The market growth can be attributed to several factors such as a rise in demand for infotainment services, high spending on R&D by OEMs, innovations in wireless audio technology, and increasing adoption of portable devices. However, issues related to operating frequency compliance for wireless Hi-Fi systems and health issues about prolonged use of audio devices are expected to hamper the growth of the market.

 “Wireless connectivity technology expected to register the highest CAGR in the Hi-Fi system market during the forecast period.”

The rising adoption of wireless audio systems is expected to drive the market for Hi-Fi systems during the forecast period. The growth of this segment can be attributed to the initiatives undertaken by manufacturers to increase the throughput of wireless audio devices equipped with various advanced technologies that are used in consumer electronics. Wireless technologies have started gaining momentum in the market as they do not require renovation or reconstruction, and minimize the requirement of wires.

“Residential application held the largest share of the Hi-Fi system market in 2019.”

The growing demand for wireless Hi-Fi systems and the concept of smart homes is expected to drive the market for the residential application. The rise in global demand for smartphones, computers, and tablets equipped with wireless headphones and headsets is also contributing toward the growth of the residential application.

“APAC expected to hold the largest share of the market during the forecast period”

APAC held the largest share of the Hi-Fi system market in 2019 in terms of revenue, and the trend is expected to continue during the forecast period. Vast customer base and growing purchasing power of consumers are the major factors contributing toward the growth of the market in APAC. The growing popularity of wireless connectivity technology and the increasing requirement for mobility are also driving the market for Hi-Fi systems in this region. The region is witnessing increased demand for consumer electronics, such as smartphones and tablets, thereby leading to the growth of the Hi-Fi system market in the region.

Breakdown of primary participants:

  • By Company Type: Tier 1 = 25%, Tier 2 = 35%, and Tier 3 = 40%
  • By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
  • By Region: Europe = 43%, APAC = 29%, North America = 14%, and RoW = 14%

Some of the major players operating in the Hi-Fi system market are as follows:

  • Samsung Electronics Co. (South Korea)
  • Sony Corporation (Japan)
  • Apple Inc. (US)
  • Bose Corporation (US)
  • Sennheiser Electronic GmbH & Co. KG (Germany)
  • LG Electronics (South Korea)
  • Panasonic Corporation (Japan)
  • DEI Holdings, Inc. (US)
  • Yamaha Corporation (Japan)
  • Koninklijke Philips N.V. (Netherlands)
  • Onkyo Corporation (Japan)
  • Sonos, Inc. (US)

Research Coverage:

In this report, the Hi-Fi system market has been segmented on the basis of system, connectivity technology, application, and geography. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the Hi-Fi system ecosystem.

Reasons to Buy the Report:

  • This report includes statistics for the Hi-Fi system market based on system, connectivity technology, application, and geography, along with their respective market sizes.
  • Value chain analysis and key industry trends have been provided for the market.
  • Major drivers, restraints, opportunities, and challenges for the Hi-Fi system market have been provided in detail in this report.
  • This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches and developments, partnerships, and acquisitions.
Filed in: Semiconductor & Electronics
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Inline Metrology Market by Offering (Hardware, Software), Product (CMM, Machine Vision Systems, Optical Scanners), Application (Reverse Engineering, Quality Control & Inspection), Industry, and Geography – Global Forecast to 2025

“Inline metrology market expected to grow at significant rate from 2020 to 2025” The global inline metrology market is expected to grow from USD 390  million in 2020 to USD 801 million by 2025, at a CAGR of 15.5%. The growth of the inline metrology market is driven by the factors such as increasing global adoption of smart metrology solutions, rising global spending on research and development activities for automation technologies, and growing use of smart 3D sensors worldwide. “Quality control and inspection application to hold largest market share in 2025” The quality control and inspection application is expected to hold largest share of the inline metrology market in 2025. Manufacturing companies are outsourcing inspection and quality control services to reduce measu......
$5650

Marine Battery Market by Battery Type (Lithium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Application, Sales Channel, Ship Range, Nominal Capacity, Battery Design, Battery Function, and Region – Global Forecast to 2025

Increase in seaborne trade across the globe and development of lithium batteries are driving the market growth The marine battery market is projected to grow from USD 250 million in 2020 to USD 812 million by 2025, at a CAGR of 48.1% between 2020 and 2025 period. The increase in seaborne trade across the globe and the development of lithium batteries are anticipated to drive the growth of the marine battery market. However, the limited range and capacity of fully electric ships are limiting the overall growth of the market. Based on sales channel, the after market segment is anticipated to grow at a higher CAGR during the forecast period Based on sales channel, the after market segment is anticipated to grow at a higher CAGR than the OEM segment during the forecast period. Shipown......
$5650

Optical Interconnect Market by Product Category (Cable Assemblies, Connectors, Optical Transceivers), Interconnect Level, Fiber Mode, Data Rate, Distance, Application (Data Communication, Telecommunication), Region – Global Forecast to 2025

“The optical interconnect market is projected to grow at CAGR of 13.7% from 2020 to 2025.” The optical interconnect market is projected to grow from USD 9.0 billion in 2020 to USD 17.1 billion by 2025; it is expected to grow at a CAGR of 13.7% from 2020 to 2025. Key factors fueling the growth of this market include the rise in the global deployment of data centers and surge in the global adoption of cloud computing, big data analytics, and IoT. However, high deployment costs of optical interconnects are expected to hinder the growth of the market. “The 41 Gbps to 100 Gbps data rate segment held the largest share of the optical interconnect market in 2019.” The 41 Gbps to 100 Gbps segment of the optical interconnect market is projected to grow at the highest CAGR from 2020 ......
$4950

Micro-LED Market by Application (Display (Smartwatch, NTE Device (AR HMD, VR HMD), Smartphone, Television, HUD, Digital Signage, Laptop and Monitor, Lighting (General, Automotive), Display Panel Size, Vertical, and Region – Global Forecast to 2026

 “Growing demand for brighter and more power-efficient display panels is driving growth of micro-LED market” The global micro-LED market size is estimated to grow from USD 409 million in 2020 to USD 18,835 million by 2026, at a CAGR of 89.3% between 2020 and 2026. The most significant factor driving the growth of this market is the growing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and AR/VR devices. “High penetration of micro-LED-based products in display panel market” The display panel market is huge, and many leading industry players are working on optimizing the existing display technologies such as LED, LCD, OLED, quantum dot LED, and e-paper. Samsung is pursuing quantum dot LED and OLED, while LG Display is focusing......
$4950

Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), License Type (Unlicensed, Fully Licensed), Application (Mobile and Telecom, Automotive), Component, Frequency Band, and Region – Global Forecast to 2025

“The millimeter wave technology market is projected to grow at CAGR of 26.4% from 2020 to 2025” The global millimeter wave technology market size is estimated to grow from USD 1.0 billion in 2020 to USD 3.4 billion by 2025, at a CAGR of 26.4%. An increase in mobile and broadband speeds is one of the main factors driving the growth of the millimeter wave technology market. “The market for antenna & transceiver components is projected to grow at the highest CAGR during the forecast period” The antennas & transceivers segment is projected to grow at the highest CAGR of the millimeter wave technology market, by component. One of the important factors for the dominance of these components is the wide adoption in telecom and consumer electronics applications. With the h......
$4950

Valve Controller Market by Type (Traditional and Digital Valve Controller), Digital Valve Controller Communication Protocol, End-use Industry (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Geography – Global forecast to 2025

“The valve controller market is projected to register a CAGR of 3.7% from 2020 to 2025.” The valve controller market size is estimated at USD 1.8 billion in 2020 and is projected to reach USD 2.2 billion by 2025. It is expected to register a CAGR of 3.7% during the forecast period. The rising importance of monitoring and controlling in the process industries for improved efficiency, increasing demand for fuel and power, growing need for a connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of the existing ones are the key driving factors for the valve controller market. The introduction of IIoT & industry 4.0, the need for valve replacement, and adoption of smart valves to offer improved custom......
$5650

Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography – Global Forecast to 2025

“The grow lights market is projected to reach USD 2.5 billion in 2025 from USD 1.0 billion in 2020, at CAGR of 19.9%.” Major factors influencing the grow lights market’s growth are the increasing adoption of indoor farming in urban areas; ongoing government initiatives to support energy-efficient lighting; the growing need for long-lasting, energy-efficient, and economical grow lights; the emerging trend of farm-to-table concept. Further, the rise of vertical farms, technological advancements in LED grow lights, the legalization of cannabis in different countries including the US, and the emergence of horticulture lighting software and calculator will create opportunities for the grow lights market. The major restraint for the market is the high setup and installation costs. The l......
$4950

Sensor Patch Market by Product (Temperature, Blood Glucose, Blood Pressure, Heart Rate, ECG, & Blood Oxygen), Application (Monitoring, Diagnostics), Wearable Type (Wristwear, Neckwear, Bodywear), End-user Industry, and Region – Global Forecast to 2025

“Sensor patch market to grow at 40.5% CAGR from 2020 to 2025” The overall sensor parch market is expected to grow from USD 1.2 billion in 2020 to USD 6.4 billion by 2025, at a CAGR of 40.5%. The growth of this market is mainly driven by the rising demand for portable medical devices and wearable sensors, increasing elderly population, and the growing number of applications of sensor patches to monitor glucose level. The growing adoption of telehealth and advancements in wearable solutions and digital technologies provide major opportunities for the growth of the sensor parch market. However, regulatory issues and Health Insurance Portability and Accountability Act (HIPAA) compliances restrain the market growth. “Diagnostics application to hold largest share of sensor patch mark......
$4950

Data Acquisition (DAQ) System Market by Offering (Hardware and Software), Speed (High Speed (>100 KS/S), Low Speed (<100 KS/S)), Application (R&D, Field and Manufacturing), Vertical, and Region - Global Forecast 2025

“DAQ system market expected to grow at a CAGR of 5.3% from 2020 to 2025” The global DAQ system market size is estimated to grow from USD 1.8 billion in 2020 to USD 2.4 billion by 2025, at a CAGR of 5.3%. The major driving factors of the DAQ system industry are the increasing implementation of Industry 4.0 across aerospace and automotive sectors, technological advancements and flexibility of DAQ systems, and a growing emphasis on data monitoring. Recent advancements in high-speed connectivity applications, such as 4G and 5G, and growing demand for automated DAQ systems have increased the scope for DAQ systems in end-user sectors. “DAQ system hardware is expected to continue to hold the largest market share during the forecast period” DAQ hardware is an interface between the......
$4950

Battery Market for IoT by Type, Rechargeability, End-use Application, and Geography – Global Forecast to 2025

“Battery market for IoT is expected to grow at CAGR of 11.6% from 2020 to 2025” The global battery market size for IoT is estimated to grow from USD 9.2 billion in 2020 to USD 15.9 billion in 2025; growing at a CAGR of 11.6% from 2020 to 2025. The major factors driving the growth of the market are multi-fold rise in the use of IoT and increase in the adoption of IoT-enabled devices, increase in global demand for wireless communication, surge in R&D activities to develop advanced, flexible, and thin batteries, and rise in demand for thin and flexible batteries used in IoT-enabled devices. However, high upfront costs involved in the development of thin and flexible batteries, and the ecological implications of the disposing of battery wastes hinder the growth of the market. Lit......
$5650
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy