The home audio market was worth $19.5 billion in 2016, increasing by 16% from 2015. Global revenues are projected to continue growing over the next five years, surpassing $31 billion by 2021.
This report covers the global markets for home audio speaker systems/devices. The home audio device market continues to evolve, with new technologies being embraced to develop new product categories such as multi-room speakers and market developments such as ultra thin smart TVs driving a need for sound bars.
In this changing market suppliers are increasingly needing to diversify their product offering to remain successful and be competitive. Wireless technologies are becoming mainstream, new technologies such as sensors are enabling new use cases for speakers and will impact market growth in the near future.
This study builds on our range of studies on audio technology and sensor markets. It provides market forecasts for a range of speaker types providing analysis for units shipped, revenues and average selling prices, regional markets and wireless technology attach rates. It also provides competitive analysis for each product type.