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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 "Home Theaters - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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.

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For more information about this report visit https://www.researchandmarkets.com/r/nhdm0a

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