According to IMARC Group’s latest report, titled “India Soundbar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited robust growth during 2015-2020. A soundbar, or media bar, represents a device or audio system used to produce stereo effects. It includes stereo analog inputs and outputs, infrared remote control, audio processing features for speaker equalization, wireless connectivity options, etc. Soundbars offer high and powerful audio quality and surround sound within a limited space, eliminating the requirement for multiple speakers or external wiring. They can also be connected to various devices, including televisions, PCs, laptops, music players, smartphones, etc. As a result, soundbars are extensively utilized across several industries, such as residential, entertainment, commercial, etc.
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The rising access to intuitive technologies and virtual assistants, particularly for the millennial population, is primarily fueling the demand for soundbars in India. Moreover, the emergence of numerous devices integrated with the Internet of Things (IoT) is further encouraging consumers to explore advanced consumer electronics, thereby contributing to the market growth. Additionally, elevating levels of digitization and the growing penetration of subscription-based media platforms, such as Netflix and Amazon Prime, are also propelling the product demand. Besides this, improving consumer living standards and increasing adoption of smart and automated entertainment systems are further anticipated to propel the market growth for soundbars in India in the coming years. Looking forward, the market is expected to witness strong growth during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Type:
Wall-Mounted
Tabletop
Others
Breakup by Installation Method:
Active Soundbar
Passive Soundbar
Others
Breakup by Connectivity:
Wi-Fi
Bluetooth
Others
Breakup by Application:
Home Audio
Commercial
Others
Breakup by Region:
North India
West and Central India
East India
South India
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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