Press Release   -

Sound Bar Market to Reach Valuation of USD 6,429.0 Million by 2028 - the ability to integrate with Voice Assistants, Stream Audio Content Wirelessly, and Improve the Experience of Consumers are the factors driving the Market Growth

In terms of revenue, the Global Sound Bar Market is probable to reach USD 6,429.0 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 3.2% from 2022 to 2028.

The Sound Bar Market is witnessing growth due to its ability to stream audio content wirelessly and improve the overall experience, and the ability to integrate with voice assistants like Amazon, Google, etc. is improving the consumer's experience and thus drives the growth of the Sound Bar Market in coming years. Moreover, the rise in the number of smart homes that are furnished with linked communication devices is boosting the demand for home theatre and thus drives the demand for the Sound Bar Market in the coming years.

Key Highlights from the Report:

• The active Sound Bar Market sub-segment is anticipated to grow at a substantial CAGR. The active Sound Bar Market is nearby to self-reliant and they hold amplifiers, digital signal processing, and volume control including speakers in the same cabinet. Moreover, the presence of an amplifier is what differentiates an active Sound Bar Market from a passive Sound Bar Market, and an active Sound Bar Market is advantageous as the setting of a full sound system with several speakers is almost impossible in certain homes which is increasing the demand for active Sound Bar Markets during the forecast period.

• The home sound sub-segment holds a substantial market share in 2021. Based on the size of the room, Sound Bar Markets include an ability to create a virtual sound that provides a rich sound experience for users. Sound Bar Markets are actually a compact audio hub for home theater systems with many Sound Bar Markets with sound assistance which makes it easy to play music on-demand.

• Asia Pacific is the fastest regional segment. The growth of Asia Pacific is majorly attributed to the presence of a large consumer base in the Asia Pacific. Moreover, the rising disposable income in emerging economies like China, and India are expected to support the market revenue growth in the Asia Pacific region during the forecast period.

Market Dynamics:

Various technological advancements have led to the launch of advanced and innovative 4K and 8K television technologies that are fueling the growth of the Sound Bar Market during the forecast period. Moreover, the high internet connectivity along with the integration of Sound Bar Market with voice assistants like Google assistance and Alexa have advanced the product quality which is projected to boost the Sound Bar Market growth during the forecast period.

In addition, the digital transformation in the music industry is also boosting the demand for entertainment gadgets like Sound Bar Markets for generating strong sound with good quality bass. The rapid urbanization and globalization across emerging countries have increased the sales of electronic devices and increased the product launches that are fueling the growth of the Sound Bar Market during the forecast period

North America is the largest market. The growth of North America is attributed to increasing investments in incorporating new capabilities in a Sound Bar Market, increasing digitalization, and rising penetration of OTT like Amazon Prime and Netflix. Additionally, the presence of major key players in the region is predicted to play an important role in the growth of the Sound Bar Market in North America during the forecast period.

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.