Dublin, July 26, 2023 (GLOBE NEWSWIRE) -- The "Global Multimedia Speakers Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The multimedia speakers market is expected to experience robust growth, with a projected increase of $21.33 billion during the forecast period 2022-2027, at an accelerating CAGR of 11.33%. The report offers a comprehensive analysis of market trends, growth drivers, challenges, and vendor analysis for approximately 25 vendors.
Reasons to Purchase:
- Growing consumer preference for in-home entertainment systems.
- Advancements in audio systems and technologies.
- Significant rise in product launches.
Key Companies Mentioned:
- Altec Lansing Inc.
- Audioengine LLC
- Bang and Olufsen Group
- Bose Corp.
- Bowers and Wilkins
- Creative Technology Ltd.
- Edifier International Ltd.
- Feltron Industries Pvt. Ltd.
- GP Industries Ltd.
- Koninklijke Philips NV
- Logitech
- Onkyo Corp.
- Panasonic Holdings Corp.
- Samsung Electronics Co. Ltd.
- Shenzhen Fenda Technology Co. Ltd.
- Terratec Ltd.
- Yamaha Corp.
- Sony Group Corp.
- LG Electronics Inc.
- Unitech India
Market Segmentation:
Distribution Channel:
- Offline
- Online
Type:
- Wireless multimedia speakers
- Wired multimedia speakers
Geographical Landscape:
- APAC
- North America
- Europe
- South America
- Middle East and Africa
Reasons for Growth:
The multimedia speakers market is projected to witness significant growth during the next few years due to:
- Increasing demand for built-in wireless and smart portable speakers.
- Rise in the purchase of multimedia speakers through online platforms.
- Growing focus of vendors on quality certifications.
The report covers the following areas:
- Multimedia speakers market sizing
- Multimedia speakers market forecast
- Multimedia speakers market industry analysis
Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing demand for built-in wireless and smart portable speakers."
The study conducted using a combination of primary and secondary information, including inputs from key industry participants. The report contains a comprehensive market and vendor landscape, along with a SWOT analysis of the key vendors.
For more information about this report visit https://www.researchandmarkets.com/r/432vo1
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