Global Home Theaters Market to 2026 – Rapid Growth of OTT Platforms & Rise in Demand for High-Quality Streaming Content to Drive Market Gains – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Home Theaters – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Home Theaters estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$17.8 Billion by 2026, growing at a CAGR of 8% over the analysis period.
Home Theatre In A Box Systems (HTIB), one of the segments analyzed in the report, is projected to grow at a 7.5% CAGR to reach US$11.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sound Bars segment is readjusted to a revised 9.3% CAGR for the next 7-year period.
This segment currently accounts for a 25.5% share of the global Home Theaters market. Soundbars offer high grade sound quality when compared to the integrated Digital TV speakers and are extremely compatible with various electronic systems and do not compromise on visual aesthetics as in home theater systems. The credit for the proliferation of soundbars also goes to the ever-growing Digital TV mania. The form factor of soundbars fits in perfectly with the design aesthetics of a flat-panel television and therefore proves to be a competitor for in-wall speakers.
The U.S. Market is Estimated at $4.2 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026
The Home Theaters market in the U.S. is estimated at US$4.2 Billion in the year 2021. The country currently accounts for a 34.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2026 trailing a CAGR of 11.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the end of the analysis period.
Select Competitors (Total 70 Featured) –
- Atlantic Technology Inc.
- Bose Corporation
- Bowers & Wilkins
- Hometech Digital Pvt. Ltd. (AKAI)
- Koninklijke Philips NV
- LG Electronics, Inc.
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Sony Corporation
- Toshiba Corporation
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Home Theaters – Global Key Competitors Percentage Market Share in 2022 (E)
- Market Share by Key Players
- Market Share by Product Type
- Market Share by Applications
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Pandemic: A Review
- As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
- With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Spurred by COVID-19-Induced Entertainment Demand, Home Theater is Back on Stage
- Locking in the Opportunity
- Soundbars Inch towards Ubiquitous Status amid COVID-19 Crisis
- An Introduction to Home Theaters
- Home-theater-in-a-box systems
- Components of a Home-Theater System
- Market Outlook
- Consumer Location Preference for Watching New Movies Post COVID-19
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Prominent Trends Renewing Interest in Dedicated Home Theaters
- Home Theaters: Major Advances Delivering Cinematic Spectacle at Home
- Major Design Trends in Home Theaters
- Multiple Screen Trend Here to Stay
- Hidden Equipment
- Bigger Home Theaters Attract Consumers Inclination
- Multipurpose Rooms
- Secondary Theaters
- Eclectic Style Home Theatres Win Big with Cinephiles
- Growing Smart Homes Catalyze Demand for Home Theaters
- Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
- Rise in Home Entertainment Spending Drives Opportunities
- Leading Streaming Services by Subscriber Base (in Million): 2020
- Global SVOD Services Market Breakdown of Subscriber Base (in %) by Service Provider: 2021E
- Global Number of SVoD Subscribers (In Million): 2015-2024
- Custom Integrators to Cut the Clutter
- Rapid Growth of OTT Platforms & Rise in Demand for High-Quality Streaming Content to Drive Market Gains
- Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
- Artificial Intelligence (AI) Emerges as a Key Technology to Induce Market Growth
- Soundbars Continue to Grow in Popularity
- New Soundbars Set to Redefine User Listening Experience
- Rise in Penetration of Large Flat Panel TVs Fuels Demand for Soundbars
- Global Sales of OLED and LED TVs (In Million Units) for the Years 2018, 2020, 2022, 2024, & 2026
- Global Shipments of Televisions by Screen Resolution (2018 & 2022): Percentage Breakdown of Volume Shipments for HD/FHD, 4K and 8K TVs
- A Peek into Consumer Behavior
- Home Theatre for Work-from-home
- Home Theatres as Health Retreats
- Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
- Rapid Growth in Urban Households
- World Urban Population in Millions: 1950-2050
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nhdm0a
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