Soundbar Market Share and Developments 2022 with Industry Revenue, Size, Top Manufacturers Forecast to 2030

The Global Soundbar Market was estimated at USD 5.1 billion in 2021 and is anticipated to reach around USD 9.8 billion by 2030, growing at a CAGR of roughly 8.5% between 2022 and 2030.

Soundbar, also known as a speaker bar, is a wireless audio device. A Soundbar is a single or dual-speaker system that produces high-quality audio. It is used in conjunction with devices such as televisions, laptops, PCs, smartphones, music players, and so on. A two-piece Soundbar system includes a subwoofer. Soundbars are used in situations where freestanding speakers are not an option.

Various speakers are installed in a Soundbar cabinet to help produce a stereo effect, sound system, or both. It improves customer sound experience without the hassles of surround sound speakers, wiring, and other concerns for the entire family theatre. Furthermore, television manufacturers offer Soundbar that is designed to complement the look of the television with which they are paired.

The expansion of the e-commerce sector is anticipated to drive the Sound Bar Market over the coming years. This is due to increased mobile phone and internet penetration, as well as increased acceptance of digital payments and favorable demographics. Moreover, the surging adoption of technologically advanced products makes the e-commerce sector more accessible and efficient.

Most devices, including tablets and smartphones, as well as technologies including 3G, 4G, and Wi-Fi, as well as high-speed broadband connectivity, are assisting in boosting the number of online customers. Moreover, the majority of players have established themselves in the e-commerce market in a matter of years. Because of the increasing demand for digital commerce, innovative start-ups have emerged in all segments.

Key Players

Bose Corporation

Sony Corporation

VIZIO Inc.

laupunkt GmbH (Aurelius Group)

Sonos Inc.

Edifier International Ltd

Xiaomi Corporation

Hisense Home Appliance Group Co. Ltd

Sennheiser Electronic GmbH & Co. KG

Boston Acoustics Inc.

Koninklijke Philips NV

Panasonic Corporation

Voxx International Corporation

Onkyo Corporation

LG Electronics Inc.

Samsung Electronics Co. Ltd

Polk Audio

The Soundbar Market is segmented as follows:

By Product

2

1

1

Others

By Application

Music Players

Television

Computer Systems

Others

Read Our Latest Soundbar Market Report: https://www.custommarketinsights.com/report/soundbar-market/