Get In Touch

Global Portable Audio System Market – Introduction

  • Portable audio systems offer effective television watching experience to customers. Wireless sound bars have an excellent sound system, and the portability feature makes it much more convenient to pair audio systems with external devices. The inbuilt features include a good Wi-Fi range in the speakers to meet the potential audio requirement of customers. Portable audio systems provide crisp and powerful sound which makes television watching and music listening a wholesome experience. Many portable audio systems are lightweight, easy to handle, and compact, making it easier to use. These properties along with high 3D audio capabilities with powerful Bluetooth speakers make the users feel very comfortable while using portable audio systems.

Integration Technology in Portable Audio Systems - A Driving Factor

  • Wireless and portable sound bars provide convenience by eliminating wires through Wi-Fi, Bluetooth, and integration. Consumers now can talk to smart sound bars to request what they want to listen. Moreover, many models have Amazon and Spotify Integration systems where the music can be played using these smart internet-connected speakers. Portable audio systems have directional sound which provides sound with moving bikes in a video game and consoles. The bike race on television is much favored with portable audio systems as it provides sounds which are better than using sounds of a television alone.

Growing demand for high performance home theatre

  • Rising disposable income and aesthetically pleasing appearance of portable audio systems is leading to high demand for portable audio systems. The growing demand for creating indoor and outdoor home theatres has led to potential purchase of portable audio systems. External audio solutions help consumers to receive better sound options instead of sounds only from television or phones. The sound quality in portable sound bars has augmented the need for portable audio systems and is being used by millions of consumers across the world.

Asia Pacific to Dominate the Global Portable Audio System Market

  • The global portable audio system market can be segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • The market in North America and Europe is anticipated to grow at a rapid pace due to audio technology advancement, growing demand for wireless audio devices, smart connectivity such as Wi-Fi and Bluetooth, and high demand for aesthetically pleasing products such as portable audio systems in countries such as the U.S., Canada, Mexico, Germany, and France, which is projected to surge the sales of portable audio systems in the near future.
  • Asia Pacific accounted for major share of the global portable audio system market in 2020. The market in Asia Pacific is expected to expand at a significant growth rate during the forecast period due to rising purchase power of customers, growing millennial generation, and growing integrated virtual assistants powered by AI and machine learning technologies in China, India, Japan, and other countries in Southeast Asia, which is projected to surge the demand for portable audio systems.

Key Players Operating in the Global Portable Audio System Market

Major players operating in the global portable audio system market are likely to face intense competition during the forecast period. Prominent companies such as Yamaha, Bose Corporation, Sony Corporation, and Sennheiser electronic GmbH & Co. KG are focusing on producing portable sound systems with increased Watts. The companies are focusing on providing high-quality audio systems which are easy to handle, do not get damaged easily, and are available for ergonomic use.

Key players operating in the global portable audio system market include:

  • Yamaha
  • Bose Corporation
  • Sony Corporation
  • Sennheiser electronic GmbH & Co. KG
  • Koninklijke Philips N.V.,
  • Panasonic
  • Samsung
  • LG Electronics
  • Pyle USA
  • Apple Inc.

Global Portable Audio System Market – Research Scope

Global Portable Audio System Market, by Watts

  • Upto 100 Watts
  • 100-500 Watts
  • 500-1000 Watts
  • Above 1000 Watts

Global Portable Audio System Market, by Room Area

  • 70 Sq feet
  • 70-150
  • 150-300
  • Above 300

Global Portable Audio System Market, by Wireless Connection

  • Wi-Fi
  • Bluetooth
  • Airplay

Global Portable Audio System Market, by Price Range

  • Low
  • Medium
  • High

Global Portable Audio System Market, by End-use

  • Residential
  • Commercial
    • Hotels
    • Offices

Global Portable Audio System Market, by Distribution Channel

  • Online
    • Company-owned Website
    • E-commerce Websites
  • Offline
    • Specialty Stores
    • Hypermarket/Supermarket
    • Others (Independent Retail Stores, etc.)

Global Portable Audio System Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Portable Audio System Market

Pre Book