SAN FRANCISCO, February 3, 2015 /PRNewswire/ --
New Market Research Reports Title 'Global Home Audio Equipment Market Analysis, Size And Segment Forecasts To 2020' has Been Added to GrandViewReseach.com Report Database
The global home audio equipment market is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth.
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For more information, tables and figures, visit - http://www.grandviewresearch.com/industry-analysis/home-audio-equipment-market
Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in digital technology with changing media options from conventional to latest systems is expected to be positively impact home audio equipment market growth over the next six years. High development cost and fear of hearing loss among the consumers may hamper market growth through the forecast period. Emergence of realistic immersive home audio equipment along with better internet connectivity offers a wide avenue to drive demand for the home audio equipment market.
Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global home audio equipment market on the basis of product and region:
Home Audio Equipment Product Outlook (Revenue, USD Billion, 2012 - 2020)
Home Audio Equipment Regional Outlook (Revenue, USD Billion, 2012 - 2020)
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