The North America Home Audio Equipment Market would witness market growth of 11.3% CAGR during the forecast period (2023-2030).
The rapidly growing video game and film industries have increased demand for total aural immersion. Emerging technologies like DTS Neo, Barco Auro, and Dolby Atmos offer spherical audio for acoustic situations like movie theaters. Additional speakers are required when using such immersive audio technology at home, increasing cost and maintenance needs. Implementing 3D audio technology into homes establishes a standard for home audio equipment concentrating on the object-oriented sound field. The development of realistic, immersive home audio technology offers the market numerous prospects.
Consumer discretionary spending has increased over time, leading to a greater uptake of the newest technological devices. Blu-ray discs, PCs, MP3 players, and gaming consoles are the leading entertainment options for families. According to projections, consumers will buy home entertainment products as their preferences for higher-quality goods and their disposable income increase. These factors will likely cause the home audio equipment market to grow over the projected period.
The advantages of smart home technology are becoming well-known to consumers in North America. A large percentage of US families are expected to install smart home equipment in the near future. More than 3 in 5 Americans say security is the top perk of owning a smart home, based on a poll by the National Council for Home Safety and Security (Alarms.org). Furthermore, according to 57% of Americans, smart home technology can save an average of 30 minutes daily. It is predicted that North America's growing acceptance of smart homes will boost the regional market expansion.
The US market dominated the North America Home Audio Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,198.2 Million by 2030. The Canada market is experiencing a CAGR of 13.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 12.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Home Audio Equipment Market is Predict to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Home Audio Equipment Market, by Technology
1.4.2 North America Home Audio Equipment Market, by Distribution Channel
1.4.3 North America Home Audio Equipment Market, by Type
1.4.4 North America 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. North America Home Audio Equipment Market by Technology
5.1 North America Wireless Market by Country
5.2 North America Wired Market by Country
Chapter 6. North America Home Audio Equipment Market by Distribution Channel
6.1 North America Online Market by Country
6.2 North Offline Market by Country
Chapter 7. North America Home Audio Equipment Market by Type
7.1 North America Home Audio Speakers & Systems Market by Country
7.2 North America Home Theater in-a-box Market by Country
7.3 North America Home Radios Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Home Audio Equipment Market by Country
8.1 US Home Audio Equipment Market
8.1.1 US Home Audio Equipment Market by Technology
8.1.2 US Home Audio Equipment Market by Distribution Channel
8.1.3 US Home Audio Equipment Market by Type
8.2 Canada Home Audio Equipment Market
8.2.1 Canada Home Audio Equipment Market by Technology
8.2.2 Canada Home Audio Equipment Market by Distribution Channel
8.2.3 Canada Home Audio Equipment Market by Type
8.3 Mexico Home Audio Equipment Market
8.3.1 Mexico Home Audio Equipment Market by Technology
8.3.2 Mexico Home Audio Equipment Market by Distribution Channel
8.3.3 Mexico Home Audio Equipment Market by Type
8.4 Rest of North America Home Audio Equipment Market
8.4.1 Rest of North America Home Audio Equipment Market by Technology
8.4.2 Rest of North America Home Audio Equipment Market by Distribution Channel
8.4.3 Rest of North America 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 North America Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 7 North America Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 8 North America Wireless Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Wireless Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Wired Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Wired Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 13 North America Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 14 North America Online Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Online Market by Country, 2023 - 2030, USD Million
TABLE 16 North Offline Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Offline Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 19 North America Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 20 North America Home Audio Speakers & Systems Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Home Audio Speakers & Systems Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Home Theater in-a-box Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Home Theater in-a-box Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Home Radios Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Home Radios Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Home Audio Equipment Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Home Audio Equipment Market by Country, 2023 - 2030, USD Million
TABLE 30 US Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 31 US Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 32 US Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 33 US Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 34 US Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 35 US Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 36 US Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 37 US Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 38 Canada Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 39 Canada Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 40 Canada Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 41 Canada Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 42 Canada Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 43 Canada Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 44 Canada Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 45 Canada Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 46 Mexico Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 47 Mexico Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 48 Mexico Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 49 Mexico Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 50 Mexico Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 51 Mexico Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 52 Mexico Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 53 Mexico Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 54 Rest of North America Home Audio Equipment Market, 2019 - 2022, USD Million
TABLE 55 Rest of North America Home Audio Equipment Market, 2023 - 2030, USD Million
TABLE 56 Rest of North America Home Audio Equipment Market by Technology, 2019 - 2022, USD Million
TABLE 57 Rest of North America Home Audio Equipment Market by Technology, 2023 - 2030, USD Million
TABLE 58 Rest of North America Home Audio Equipment Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 59 Rest of North America Home Audio Equipment Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 60 Rest of North America Home Audio Equipment Market by Type, 2019 - 2022, USD Million
TABLE 61 Rest of North America Home Audio Equipment Market by Type, 2023 - 2030, USD Million
TABLE 62 Key Information – Nimble Holdings Company Limited
TABLE 63 Key Information – Cambridge Audio
TABLE 64 Key Information – Bose Corporation
TABLE 65 Key Information – Dolby Laboratories, Inc.
TABLE 66 Key Information – XPERI INC.
TABLE 67 Key Information – HARMAN International industries
TABLE 68 Key Information – Intex Technologies
TABLE 69 Key Information – JVCKENWOOD Corporation
TABLE 70 Key Information – LG Corporation
TABLE 71 Key Information – Nakamichi Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Home Audio Equipment Market share by Technology, 2022
FIG 9 North America Home Audio Equipment Market share by Technology, 2030
FIG 10 North America Home Audio Equipment Market by Technology, 2019 - 2030, USD Million
FIG 11 North America Home Audio Equipment Market share by Distribution Channel, 2022
FIG 12 North America Home Audio Equipment Market share by Distribution Channel, 2030
FIG 13 North America Home Audio Equipment Market by Distribution Channel, 2019 - 2030, USD Million
FIG 14 North America Home Audio Equipment Market share by Type, 2022
FIG 15 North America Home Audio Equipment Market share by Type, 2030
FIG 16 North America Home Audio Equipment Market by Type, 2019 - 2030, USD Million
FIG 17 North America Home Audio Equipment Market share by Country, 2022
FIG 18 North America Home Audio Equipment Market share by Country, 2030
FIG 19 North America 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