The home theater market could be worth US$13.4 billion by 2025
The home theater market was estimated to be worth US$7.7 billion in 2018. However, this value is now believed to grow at an annual compound rate (CAGR) of 8.3% until it reaches just over $13 billion in 2025. This area of technology was dominated by the "home theater in a box" (or HTIB) up until last year. This was due to the "superior cinematic experience" that this concept offered to interested buyers.
HTIBs typically consist of a media player (often physical) plus all the speakers, amps, remotes, cables and so on an OEM might deem necessary to build a home theater in one product listing. However, soundbars alone are now thought to be capable of the fastest growth by component in this market over the next 6 years. This is due to their compact nature and user-friendliness when it comes to installation.
Most sales (more than 80% in 2018) in the home theater market have historically been offline; however, that may be subject to change into the next decade. Furthermore, this market may become more informed and driven by wireless technology in the near future.
In addition, the ability to interact with and integrate personal devices may influence consumer demand more and more until 2025. The latest research shows that Yamaha, Sony, Samsung, Pioneer, Philips, Panasonic, LG, Bowers & Wilkins and Bose are currently among the biggest names in the home theater market.
Top 10 Smartphones
Smartphones, Phablets, ≤5-inch, Camera SmartphonesNotebookcheck's Top 10 Smartphones under 160 Euros