The latest IMARC Group report entitled “Home Audio Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027Provides a comprehensive analysis of the industry that includes insights into the global Home Audio Devices Market. The report also includes competitive and regional analysis along with recent advances in the global market.
The global home audio equipment market size has been reached $26.4 billion in 2021. Looking ahead, IMARC Group expects to reach the market $43.2 billion until 2027 with a Growth rate (CAGR) of 8.83% during 2022-2027.. Home audio equipment refers to audio equipment that uses consumer electronics audio and video equipment to recreate the cinema experience. They include various components including bookshelf stereos, surround sound receivers, projection systems, etc. Some popular home audio devices include music players, Blu-ray players, LCD and LED TVs, home theater in a box (HTiB), etc.
We regularly track the direct impact of COVID-19 in the market, along with the indirect influence of related industries. These observations are integrated into the report.
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Global Home Audio Gear Market Trends:
The increasing demand for audio content via wireless systems such as Bluetooth, which can be easily connected to portable devices, is one of the main factors driving the home audio device market. In addition, the changing consumer preferences towards high-performance home theater systems and the increasing need for better user experiences are acting as important growth factors. In addition, rising disposable income and continuous technological advancements in the field of consumer electronics are also having a positive impact on the global market. That being said, the increasing adoption of cloud-based audio workstations has continued…