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
Headphones and Earphones
Speakers and Sound Bars
Network Media Players
Others (DVD Player and Blu-Ray Player)
Others (Digital-to-Analog Converter (DAC))
Rest of Europe
Rest of Asia-Pacific
Rest of the World
B & W Group Ltd.
Edifier International Ltd.
ELAC Electroacustic GmbH
High Fidelity Cables
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