The Latin America, Middle East and Africa Home Audio Equipment Market would witness market growth of 13.8% CAGR during the forecast period (2023-2030).
The increase in revenues of home audio equipment in the market is mainly attributed to technological advancements and progress in the music industry over the past few years, bolstered by the growing use of cloud-based distribution channels. Also contributing to the rise in demand for this equipment is the introduction of high-speed internet connections in developing countries, which will encourage future expansion of the sector. For example, the market is anticipated to rise due to the introduction of 5G internet services that allow the smooth operation of gadgets.
Furthermore, some of the industry's newcomers use other alluring characteristics as a key marketing tactic to gain market share. These systems integrate cutting-edge technology, like wireless charging and voice assistants, to enhance the user experience. In recent years, the demand for home theater equipment has been fueled by musicians' usage of Digital Audio Workstations (DAW) to complete their composing, mixing, recording, and finishing tasks quickly. Pioneer home stereo systems are a popular choice among music lovers and manufacturers due to their increased profit margins owing to the growing digitization of musical instruments.
Government support in the region for esports and video games will play a significant role in the anticipated rise. The Middle East and North African governments strongly commit to the video game industry. Saudi Arabia and the United Arab Emirates have introduced regulations to support new studios, domestic game development, and offices for international game businesses and hosting significant esports competitions to promote sector growth. This would eventually support the growth of the regional market in the LAMEA region.
The Brazil market dominated the LAMEA Home Audio Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,136.7 Million by 2030. The Argentina market is showcasing a CAGR of 14.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 13.5% during (2023 - 2030).
Based on Technology, the market is segmented into Wireless, and Wired. Based on Distribution Channel, the market is segmented into Online, and Offline. Based on Type, the market is segmented into Home Audio Speakers & Systems, Home Theater in-a-box, Home Radios, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Home Audio Equipment Market is Projected to reach USD 65.7 Billion by 2030, at a CAGR of 11.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nimble Holdings Company Limited, Cambridge Audio, Bose Corporation, Dolby Laboratories, Inc., XPERI INC., Harman International Industries, Inc., Intex Technologies, JVCKENWOOD Corporation, LG Electronics and Nakamichi Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Technology
By Distribution Channel
By Type
- Home Audio Speakers & Systems
- Home Theater in-a-box
- Home Radios
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Nimble Holdings Company Limited
- Cambridge Audio
- Bose Corporation
- Dolby Laboratories, Inc.
- XPERI INC.
- Harman International Industries, Inc.
- Intex Technologies
- JVCKENWOOD Corporation
- LG Electronics
- Nakamichi Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Home Audio Equipment Market, by Technology
1.4.2 LAMEA Home Audio Equipment Market, by Distribution Channel
1.4.3 LAMEA Home Audio Equipment Market, by Type
1.4.4 LAMEA Home Audio Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2022, Jul – 2023, Aug) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. LAMEA Home Audio Equipment Market by Technology
5.1 LAMEA Wireless Market by Country
5.2 LAMEA Wired Market by Country
Chapter 6. LAMEA Home Audio Equipment Market by Distribution Channel
6.1 LAMEA Online Market by Country
6.2 LAMEA Offline Market by Country
Chapter 7. LAMEA Home Audio Equipment Market by Type
7.1 LAMEA Home Audio Speakers & Systems Market by Country
7.2 LAMEA Home Theater in-a-box Market by Country
7.3 LAMEA Home Radios Market by Country
7.4 LAMEA Others Market by Country
Chapter 8. LAMEA Home Audio Equipment Market by Country
8.1 Brazil Home Audio Equipment Market
8.1.1 Brazil Home Audio Equipment Market by Technology
8.1.2 Brazil Home Audio Equipment Market by Distribution Channel
8.1.3 Brazil Home Audio Equipment Market by Type
8.2 Argentina Home Audio Equipment Market
8.2.1 Argentina Home Audio Equipment Market by Technology
8.2.2 Argentina Home Audio Equipment Market by Distribution Channel
8.2.3 Argentina Home Audio Equipment Market by Type
8.3 UAE Home Audio Equipment Market
8.3.1 UAE Home Audio Equipment Market by Technology
8.3.2 UAE Home Audio Equipment Market by Distribution Channel
8.3.3 UAE Home Audio Equipment Market by Type
8.4 Saudi Arabia Home Audio Equipment Market
8.4.1 Saudi Arabia Home Audio Equipment Market by Technology
8.4.2 Saudi Arabia Home Audio Equipment Market by Distribution Channel
8.4.3 Saudi Arabia Home Audio Equipment Market by Type
8.5 South Africa Home Audio Equipment Market
8.5.1 South Africa Home Audio Equipment Market by Technology
8.5.2 South Africa Home Audio Equipment Market by Distribution Channel
8.5.3 South Africa Home Audio Equipment Market by Type
8.6 Nigeria Home Audio Equipment Market
8.6.1 Nigeria Home Audio Equipment Market by Technology
8.6.2 Nigeria Home Audio Equipment Market by Distribution Channel
8.6.3 Nigeria Home Audio Equipment Market by Type
8.7 Rest of LAMEA Home Audio Equipment Market
8.7.1 Rest of LAMEA Home Audio Equipment Market by Technology
8.7.2 Rest of LAMEA Home Audio Equipment Market by Distribution Channel
8.7.3 Rest of LAMEA Home Audio Equipment Market by Type
Chapter 9. Company Profiles
9.1 Nimble Holdings Company Limited (Akai Electric Company Ltd.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Cambridge Audio (Audio Partnerships PLC)
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.2.2 Product Launches and Product Expansions:
9.2.3 SWOT Analysis
9.3 Bose Corporation
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.2.2 Product Launches and Product Expansions:
9.3.3 SWOT Analysis
9.4 Dolby Laboratories, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.5.3 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 XPERI INC.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 HARMAN International Industries (Samsung Electronics Co., Ltd.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.5.3 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Intex Technologies
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 JVCKENWOOD Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional & Segmental Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 LG Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Nakamichi Corporation
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 LAMEA Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Home Audio Equipment Market
TABLE 4 Product Launches And Product Expansions– Home Audio Equipment Market
TABLE 5 Acquisition and Mergers– Home Audio Equipment Market
TABLE 6 LAMEA Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 7 LAMEA Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 8 LAMEA Wireless Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Wireless Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Wired Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Wired Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 13 LAMEA Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 14 LAMEA Online Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Online Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Offline Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Offline Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 19 LAMEA Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 20 LAMEA Home Audio Speakers & Systems Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Home Audio Speakers & Systems Market by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Home Theater in-a-box Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Home Theater in-a-box Market by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Home Radios Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Home Radios Market by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 28 LAMEA Home Audio Equipment Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Home Audio Equipment Market by Country, 2023 - 2030, USD Million
TABLE 30 Brazil Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 31 Brazil Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 32 Brazil Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 33 Brazil Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 34 Brazil Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 35 Brazil Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 36 Brazil Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 37 Brazil Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 38 Argentina Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 39 Argentina Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 40 Argentina Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 41 Argentina Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 42 Argentina Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 43 Argentina Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 44 Argentina Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 45 Argentina Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 46 UAE Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 47 UAE Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 48 UAE Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 49 UAE Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 50 UAE Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 51 UAE Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 52 UAE Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 53 UAE Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 54 Saudi Arabia Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 55 Saudi Arabia Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 56 Saudi Arabia Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 57 Saudi Arabia Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 58 Saudi Arabia Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 59 Saudi Arabia Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 60 Saudi Arabia Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 61 Saudi Arabia Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 62 South Africa Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 63 South Africa Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 64 South Africa Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 65 South Africa Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 66 South Africa Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 67 South Africa Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 68 South Africa Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 69 South Africa Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 70 Nigeria Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 71 Nigeria Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 72 Nigeria Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 73 Nigeria Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 74 Nigeria Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 75 Nigeria Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 76 Nigeria Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 77 Nigeria Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 78 Rest of LAMEA Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 79 Rest of LAMEA Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 80 Rest of LAMEA Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 81 Rest of LAMEA Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 82 Rest of LAMEA Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 83 Rest of LAMEA Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 84 Rest of LAMEA Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 85 Rest of LAMEA Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 86 Key Information – Nimble Holdings Company Limited
TABLE 87 Key Information – Cambridge Audio
TABLE 88 Key Information – Bose Corporation
TABLE 89 Key Information – Dolby Laboratories, Inc.
TABLE 90 Key Information – XPERI INC.
TABLE 91 Key Information – HARMAN International industries
TABLE 92 Key Information – Intex Technologies
TABLE 93 Key Information – JVCKENWOOD Corporation
TABLE 94 Key Information – LG Corporation
TABLE 95 Key Information – Nakamichi Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Home Audio Equipment Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Home Audio Equipment Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2022, Jul – 2023, Aug) Leading Players
FIG 7 Porter’s Five Forces Analysis - Home Audio Equipment Market
FIG 8 LAMEA Home Audio Equipment Market share by Technology, 2022
FIG 9 LAMEA Home Audio Equipment Market share by Technology, 2030
FIG 10 LAMEA Home Audio Equipment Market by Technology, 2019 - 2030, USD Million
FIG 11 LAMEA Home Audio Equipment Market share by Distribution Channel, 2022
FIG 12 LAMEA Home Audio Equipment Market share by Distribution Channel, 2030
FIG 13 LAMEA Home Audio Equipment Market by Distribution Channel, 2019 - 2030, USD Million
FIG 14 LAMEA Home Audio Equipment Market share by Type, 2022
FIG 15 LAMEA Home Audio Equipment Market share by Type, 2030
FIG 16 LAMEA Home Audio Equipment Market by Type, 2019 - 2030, USD Million
FIG 17 LAMEA Home Audio Equipment Market share by Country, 2022
FIG 18 LAMEA Home Audio Equipment Market share by Country, 2030
FIG 19 LAMEA Home Audio Equipment Market by Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Nimble Holdings Company Limited
FIG 21 Recent strategies and developments: Cambridge Audio
FIG 22 SWOT Analysis: Cambridge Audio
FIG 23 Recent strategies and developments: Bose Corporation
FIG 24 SWOT Analysis: Bose Corporation
FIG 25 Recent strategies and developments: Dolby Laboratories Inc.
FIG 26 SWOT Analysis: Dolby Laboratories, Inc.
FIG 27 SWOT Analysis: XPERI INC.
FIG 28 Recent strategies and developments: Harman International Industries, Inc.
FIG 29 SWOT Analysis: Harman International Industries, Inc.
FIG 30 SWOT Analysis: Intex Technologies
FIG 31 SWOT Analysis: JVCKENWOOD Corporation
FIG 32 Swot analysis: LG Corporation
FIG 33 Swot analysis: Nakamichi Corporation