Hi-Fi System Market Forecast 2020 – 2027 – Top Key Players Analysis


Posted October 28, 2020 by shaqibakram

The significant factors responsible for the growth of the global Hi-Fi system market include the rising demand for portable devices and the growing requirement for infotainment services.

 
GMI Research market report focuses on providing an overview of the industry through detailed market segmentation. The report has information related to the overview and scope of the market followed by the key drivers, restraints, and emerging trends in the market. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country included in the study.

List of Significant Manufacturers in the Hi-Fi System Market include:

Samsung Electronics Co., Ltd.
Sony Corporation
Apple Inc.
Bose Corporation
Sennheiser Electronic GmbH & Co. KG
LG Electronics, Panasonic Corporation
Dei Holdings, Inc.
Yamaha Corporation
Koninklijke Philips N.V.
Hi-Fi System Market Drivers and Restraints:

The significant factors responsible for the growth of the global Hi-Fi system market include the rising demand for portable devices and the growing requirement for infotainment services. The increasing demand for portable devices such as smartphones, tablets, and laptops are fuelling the growth of wireless audio products in the Hi-Fi system. Moreover, the rapid technological advancement in the Hi-Fi systems, such as integration of AI and machine learning, is promoting the consumers towards the adoption of Hi-Fi systems. The drastic increase in GDP across the developing countries, coupled with the rising per capita income in India, China, and Japan, and increasing penetration of the internet worldwide, will positively impact on the market during the upcoming years. On the other edge of the spectrum, the growing number of problems, the wireless Hi-Fi system, along with health issues regarding the use of audio devices for a longer time, will hinder the growth of the market.

Segmentation: Hi-Fi System Market

Hi-Fi System Market: By System

Product
o Speaker & Soundbar

o CD Player

o DVD Player

o Blu-Ray Player

o Network Media Player

o Turntable

o Headphone & Earphone

o Microphone

Device
o DAC (Digital-To-Analog Converter)

o Amplifier

o Preamplifier

o Receiver

Hi-Fi System Market: By Connectivity Technology

Wired
o Ethernet Cable

o Audio Cable

Wireless
o Bluetooth

o Wi-Fi

o Airplay

o Others

Hi-Fi System Market: By Application

Residential
Automotive
Commercial
Others
Hi-Fi System Market: By Region

North America
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW


o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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Last Updated October 28, 2020