The hi-fi systems market is expected to reach $13.16 billion by 2023 from $9.585 billion in 2017, and is expected to grow at an annual average of 5% over the forecast period. The hi-fi system provides an accurate frequency response and better sound quality with less volume. Noise and distortion.
The HI-FI system market is growing due to innovation and advancement in wireless technology. The rising demand for the emerging automotive sector, Home-Theater-in-a-Box (HTIB) and smart home is driving the growth of HI-FI systems worldwide. In addition, the adoption of portable devices such as tablets, laptops and smartphones and the increase in online services have contributed to the growth of wireless audio products in HI-FI systems. In addition, with the increase in disposable income and the increasing spread of technologically advanced products, HI-FI systems are being adopted in the home appliance and home entertainment industries. However, government policy and technology barriers are affecting the growth of the HI-FI system market.
A full report of Hi-Fi System Market is available at: https://www.orionmarketreports.com/hi-fi-system-market/39091/
Hi-Fi System Market segmentation:
By System
Product
• Speaker & Soundbar
• CD player
• DVD player
• Blu-ray player
• Network media player
• Turntable
• Headphone & Earphone
• Microphone
Device
• DAC
• Amplifier
• Preamplifier
• Receiver
By Connectivity Technology
• Wired
• Ethernet Cable
• Audio Cable
• Wireless
• Bluetooth
• Wi-Fi
• AirPlay
• Others
By Application
• Residential
• Automotive
• Commercial
• Others
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
