The global Hi-Fi system market is growing significantly, at a CAGR of around 5.4% during the forecast period (2019-2025). The hi-fi (high fidelity) system is referred to as the high-quality reproduction of sound with the use of high-quality amplifiers, receivers, cables, DAC, and other components in the sound system. The system produces modern audio compression techniques with increased bandwidth. The pivotal factor that drives market growth includes the rising adoption of wireless/portable devices and continuous innovations in the efficiency of audio technology in the electronics industry.


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The replacement of a portable computing system such as personal desktop with laptops and tablets has been acting as a catalyst to the growth of the market. Rising disposable income has increased the adoption of advanced entertainment products in emerging economies, such as India. Continuous growth and innovations in headphones, speakers, and soundbars will offer growth opportunities to the hi-fi system market during the forecast period. However, there are certain factors that restraints market growth include government policies and health concerns.



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Global Hi-Fi System Market Segmentation

By System Type

Devices

Headphones and Earphones

Speakers and Sound Bars

CD Players

Network Media Players

Others (DVD Player and Blu-Ray Player)

Components

Amplifiers

Cables

Receivers

Others (Digital-to-Analog Converter (DAC))

By Connectivity

Wired

Wireless

By Application

Residential

Commercial

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Apple Inc.

Amazon.com, Inc.

Audioengine LLC

B & W Group Ltd.

Bose Corp.

Edifier International Ltd.

ELAC Electroacustic GmbH

GESSI SPA

HiBy Music

High Fidelity Cables

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