According to a market report by Lucintel, the future of the global Hi-Fi system market looks promising with opportunities in the residential. automotive, and commercial markets. The global Hi-Fi system market is expected to reach an estimated $21.5 billion by 2030 from $16.0 billion in 2024, at a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing demand for better sound quality and infotainment services, technological development in wireless audio devices, and increasing demand of portable devices.
A more than 150-page report to understand trends, opportunity and forecast in Hi-Fi system market to 2030 by system (product and device), technology (wired and wireless), application (residential, automotive, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wireless technology is expected to witness the higher growth over the forecast period.
Within this market, automotive is expected to witness the highest growth over the forecast period because the automotive OEMs provide wireless Hi-Fi speaker systems to the cars and delivers luxury and comfort to the consumers with the help of fully integrated wireless Hi-Fi speakers in the cars.
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APAC will remain the largest region over the forecast period due to rising population, growing purchasing power of consumers, increasing popularity of wireless connectivity technology, and rising need for mobility.
Onkyo Corporation, Bowers & Wilkins Group, Yamaha Corporation, Bose Corporation, Panasonic Corporation, Harman International, LG Electronics Corporation, DEI Holdings, Samsung Electronics, Sony Corporation are the major suppliers in the Hi-Fi system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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