Global Home Theaters Market to 2026 - Rapid Growth of OTT Platforms & Rise in Demand for High-Quality Streaming Content to Drive Market Gains - ResearchAndMarkets.com
The global market for Home Theaters estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$17.8 Billion by 2026, growing at a CAGR of 8% over the analysis period.
Home Theatre In A Box Systems (HTIB), one of the segments analyzed in the report, is projected to grow at a 7.5% CAGR to reach US$11.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sound Bars segment is readjusted to a revised 9.3% CAGR for the next 7-year period.
This segment currently accounts for a 25.5% share of the global Home Theaters market. Soundbars offer high grade sound quality when compared to the integrated Digital TV speakers and are extremely compatible with various electronic systems and do not compromise on visual aesthetics as in home theater systems. The credit for the proliferation of soundbars also goes to the ever-growing Digital TV mania. The form factor of soundbars fits in perfectly with the design aesthetics of a flat-panel television and therefore proves to be a competitor for in-wall speakers.
The U.S. Market is Estimated at $4.2 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026
The Home Theaters market in the U.S. is estimated at US$4.2 Billion in the year 2021. The country currently accounts for a 34.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2026 trailing a CAGR of 11.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the end of the analysis period.
Select Competitors (Total 70 Featured) -
Atlantic Technology Inc.
Bose Corporation
Bowers & Wilkins
Hometech Digital Pvt. Ltd. (AKAI)
Koninklijke Philips NV
LG Electronics, Inc.
Panasonic Corporation
Samsung Electronics Co., Ltd.
Sony Corporation
Toshiba Corporation
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Home Theaters - Global Key Competitors Percentage Market Share in 2022 (E)
Market Share by Key Players
Market Share by Product Type
Market Share by Applications
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
COVID-19 Pandemic: A Review
As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Spurred by COVID-19-Induced Entertainment Demand, Home Theater is Back on Stage
Locking in the Opportunity
Soundbars Inch towards Ubiquitous Status amid COVID-19 Crisis
An Introduction to Home Theaters
Home-theater-in-a-box systems
Components of a Home-Theater System
Market Outlook
Consumer Location Preference for Watching New Movies Post COVID-19
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Prominent Trends Renewing Interest in Dedicated Home Theaters
Home Theaters: Major Advances Delivering Cinematic Spectacle at Home
Major Design Trends in Home Theaters
Multiple Screen Trend Here to Stay
Hidden Equipment
Bigger Home Theaters Attract Consumers Inclination
Multipurpose Rooms
Secondary Theaters
Eclectic Style Home Theatres Win Big with Cinephiles
Growing Smart Homes Catalyze Demand for Home Theaters
Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
Rise in Home Entertainment Spending Drives Opportunities
Leading Streaming Services by Subscriber Base (in Million): 2020
Global SVOD Services Market Breakdown of Subscriber Base (in %) by Service Provider: 2021E
Global Number of SVoD Subscribers (In Million): 2015-2024
Custom Integrators to Cut the Clutter
Rapid Growth of OTT Platforms & Rise in Demand for High-Quality Streaming Content to Drive Market Gains
Global Number of OTT Video Users (In Million) for the Years 2019, 2021, 2023 & 2025
Artificial Intelligence (AI) Emerges as a Key Technology to Induce Market Growth
Soundbars Continue to Grow in Popularity
New Soundbars Set to Redefine User Listening Experience
Rise in Penetration of Large Flat Panel TVs Fuels Demand for Soundbars
Global Sales of OLED and LED TVs (In Million Units) for the Years 2018, 2020, 2022, 2024, & 2026
Global Shipments of Televisions by Screen Resolution (2018 & 2022): Percentage Breakdown of Volume Shipments for HD/FHD, 4K and 8K TVs
Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
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