|By Business Wire||
|August 11, 2014 12:29 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/mcnl4c/global_home_audio) has announced the addition of the "Global Home Audio Market 2014-2018" report to their offering.
The analysts forecast the Global Home Audio market will grow at a CAGR of 16.98% to 2018.
Many homes in developed nations are being revamped into smart homes. In a smart home, consumer electronic devices, media and entertainment gadgets, and other smart electronics are connected to a network and can interact with each other. Home audio systems play a major role in a smart home. They replace the audio system in smart TVs and gaming consoles. For example, they can connect with a projector and provide the effect of a theater. The market for smart homes in developing countries is also growing because the spending capacity of consumers in these countries has increased. This, in turn, will fuel the growth of the Global Home Audio market.
According to the report, wireless streaming of audio content is one of the major drivers. Most audio systems available in the market currently support wireless connectivity, such as Bluetooth and Wi-Fi, which enables the streaming of audio content from portable devices such as MP3 players, smartphones, tablets, and laptops.
Further, the report states that one of the main challenges hampering the market's growth is the high cost of advanced home audio systems. This restricts the sale of advanced home audio systems among price-conscious consumers.
The Global Home Audio market is broadly classified into the following three segments based on device type:
- DVD/Blu-ray Players
- Home Theaters
- Arcelik AS
- Bose Corp.
- CSR plc
- Harman International Industries Inc.
- JVC KENWOOD Corp.
- Koninklijke Philips NV
- LG Electronics Inc.
- Panasonic Corp.
- Pioneer Corp.
- Samsung Electronics Co. Ltd.
- Sharp Corp.
- Sony Corp.
- Toshiba Corp.
- Yamaha Corp.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the Key Market Trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/mcnl4c/global_home_audio
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