Futuresource Consumer Home Audio Market

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Consumer Electronics

Date Published: 16 May 2024

This report provides an updated outlook for the worldwide home audio market, quantifying the market in terms of value and volume. Reviewing products such as wireless speakers, soundbars, A/V receivers, Hi-Fi systems and smart speakers, the report provides a comprehensive insight into market dynamics. Shipments are reported at sell-in.

This report is accompanied by a detailed Excel spreadsheet which segments data by 38 regions/countries (for those who have a global subscription). The report provides a strategic framework for any enterprise with an interest in the home audio equipment market.

Market conditions remain difficult for the home audio market, with global volume and value both decreasing in 2023. However, the market will begin to improve over the next few years, with wireless speakers expected to see widespread growth.

Following the COVID-19-induced boom of the soundbar market, the segment has seen a decline in unit shipments over the last few years. However, Futuresource expects consumer replacement and upgrading cycles to come into effect from 2025 onwards, helping to drive the market forward.

| Comprehensive PDF report

| Executive summary

| Home audio market size

| Home audio market outlook by region and by device

| Wireless speaker market outlook, development and ownership

| Wi-Fi speakers brand share and price segmentation

| Smart speaker market outlook and usage

| Bluetooth speakers brand share

| Party speakers

| Soundbars market outlook, usage, segmentation and brand share

| Hi-Fi systems market outlook

| A/V receivers market outlook

| Home audio brand landscape

| Accompanying Excel spreadsheets

| An updated outlook for the worldwide home audio market

| Sales, shipment volumes, and installed base

| Five-year market forecasting

| Vertical analyses

Futuresource has been tracking, researching and consulting on the CE landscape for the last 30 years. This publication is one in a series of research reports, produced to provide businesses with a fully rounded view of the market.

Any business operating within the home audio space and related sectors will benefit from this report, particularly:

| Manufacturers and their suppliers

| Intermediaries and supply chain

| Retailers

| CE market strategists, marketing and sales professionals

| Investors