The Home Theatre Market is Predict to reach USD 19.8 Billion by 2030, at a CAGR of 9.2%

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Home Theatre Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Home Theatre Market size is expected to reach $19.8 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 25,906.8 thousand units, experiencing a growth of 8.8% (2019-2022).

Innovations in display technology include transparent OLED screens that can turn an entire wall into a display while blending seamlessly with the home décor when not in use. Hidden technologies, such as retractable screens and speakers, contribute to the aesthetic appeal of home theaters. Likewise, haptic feedback systems are being explored to add another layer of sensory immersion. These systems provide tactile feedback, enhancing the overall experience by allowing users to feel the vibrations and movements corresponding to on-screen events.

Home Theatre Market Size - By Region

The Offline segment is generating highest revenue in the Global Home Theatre Market, By Distribution Channel in 2022; thereby, achieving a market value of $14.0 billion by 2030. The availability of products for immediate purchase and take-home gratification was a significant driver for the offline segment. Consumers who wanted to set up their home theatre systems quickly or needed immediate replacements for existing equipment found convenience in physically visiting a store and making a direct purchase. Therefore, owing to these factors, the segment will witness increased demand in the coming years.

The Sound Bar segment is experiencing a CAGR of 9.9% during (2023 - 2030). Soundbars are celebrated for their simplicity in setup and installation. Unlike traditional multi-speaker configurations that require intricate wiring and positioning, soundbars typically involve minimal wiring and can be easily mounted on walls or placed on furniture. This user-friendly setup appeals to consumers seeking a hassle-free installation without compromising audio quality. Hence, these aspects will boost the demand in the segment.

Full Report: https://www.kbvresearch.com/home-theatre-market/

The North America region dominated the Global Home Theatre Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.7 billion by 2030. The Europe region is anticipated to grow at a CAGR of 9% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 9.6% during (2023 - 2030).

List of Key Companies Profiled

Bose Corporation
Sonos, Inc.
Masimo Corporation
LG Corporation
Panasonic Holdings Corporation
Samsung Electronics Co., Ltd. (Samsung Group)
Sony Corporation
Koninklijke Philips N.V.
Toshiba Corporation
Yamaha Corporation

Home Theatre Market Report Segmentation

By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)

Offline
Online

By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)

Home Theatre In A Box System (HTIB)
Sound Bar
Component System

By Geography (Volume, Thousand Units, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA