The global High-Fidelity(Hi-Fi) system market has experienced a considerable growth due to increasing
demand of high quality music among audiophiles. Wireless devices have made its
way across various audio products, such as speakers & sound bars,
headphones, network media players, and others.
The growing demand for wireless
audio devices is expected to drive the growth of the global Hi-Fi system
market.
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The technological advancement in wireless audio devices such as wireless headphones and growing demand for portable devices such as tablets and smartphones are the major growth contributing factors for the global Hi-Fi system market.
The increasing need of
better sound quality and infotainment services creates an opportunity for the
Hi-Fi system market. The size, design and connectivity of Hi-Fi products, such
as bluetooth speakers, makes them most popular product among other audio
products.
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Geographically, Asia-Pacific
is expected to be the largest market of Hi-Fi systems during the forecast
period, owing to factors such as growing population, rapid increase in
purchasing power parity (PPP) and technological developments. North America,
being a mature market holds second largest share in the global Hi-Fi system
market.
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Some of the major players
operating in the global Hi-Fi system market include Bowers & Wilkins Group
Ltd, Onkyo Corporation, Bose Corporation, Panasonic Corporation, Yamaha
Corporation, DEI Holdings Inc., LG Electronics Co., Ltd., Sony Corporation, Harman
International, Inc., Koninklijke Philips N.V., and Samsung Electronics Co. Ltd.
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