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LAMEA Home Audio Equipment Market Size, Share & Industry Trends Analysis Report By Technology (Wireless, and Wired), By Distribution Channel (Online, and Offline), By Type, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 131 Pages
  • September 2023
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5903665
The Latin America, Middle East and Africa Home Audio Equipment Market would witness market growth of 13.8% CAGR during the forecast period (2023-2030).

The increase in revenues of home audio equipment in the market is mainly attributed to technological advancements and progress in the music industry over the past few years, bolstered by the growing use of cloud-based distribution channels. Also contributing to the rise in demand for this equipment is the introduction of high-speed internet connections in developing countries, which will encourage future expansion of the sector. For example, the market is anticipated to rise due to the introduction of 5G internet services that allow the smooth operation of gadgets.

Furthermore, some of the industry's newcomers use other alluring characteristics as a key marketing tactic to gain market share. These systems integrate cutting-edge technology, like wireless charging and voice assistants, to enhance the user experience. In recent years, the demand for home theater equipment has been fueled by musicians' usage of Digital Audio Workstations (DAW) to complete their composing, mixing, recording, and finishing tasks quickly. Pioneer home stereo systems are a popular choice among music lovers and manufacturers due to their increased profit margins owing to the growing digitization of musical instruments.

Government support in the region for esports and video games will play a significant role in the anticipated rise. The Middle East and North African governments strongly commit to the video game industry. Saudi Arabia and the United Arab Emirates have introduced regulations to support new studios, domestic game development, and offices for international game businesses and hosting significant esports competitions to promote sector growth. This would eventually support the growth of the regional market in the LAMEA region.

The Brazil market dominated the LAMEA Home Audio Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,136.7 Million by 2030. The Argentina market is showcasing a CAGR of 14.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 13.5% during (2023 - 2030).

Based on Technology, the market is segmented into Wireless, and Wired. Based on Distribution Channel, the market is segmented into Online, and Offline. Based on Type, the market is segmented into Home Audio Speakers & Systems, Home Theater in-a-box, Home Radios, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nimble Holdings Company Limited, Cambridge Audio, Bose Corporation, Dolby Laboratories, Inc., XPERI INC., Harman International Industries, Inc., Intex Technologies, JVCKENWOOD Corporation, LG Electronics and Nakamichi Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Technology
  • Wireless
  • Wired
By Distribution Channel
  • Online
  • Offline
By Type
  • Home Audio Speakers & Systems
  • Home Theater in-a-box
  • Home Radios
  • Others
By Country
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Nimble Holdings Company Limited
  • Cambridge Audio
  • Bose Corporation
  • Dolby Laboratories, Inc.
  • XPERI INC.
  • Harman International Industries, Inc.
  • Intex Technologies
  • JVCKENWOOD Corporation
  • LG Electronics
  • Nakamichi Corporation

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Home Audio Equipment Market, by Technology
1.4.2 LAMEA Home Audio Equipment Market, by Distribution Channel
1.4.3 LAMEA Home Audio Equipment Market, by Type
1.4.4 LAMEA Home Audio Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2022, Jul - 2023, Aug) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. LAMEA Home Audio Equipment Market by Technology
5.1 LAMEA Wireless Market by Country
5.2 LAMEA Wired Market by Country
Chapter 6. LAMEA Home Audio Equipment Market by Distribution Channel
6.1 LAMEA Online Market by Country
6.2 LAMEA Offline Market by Country
Chapter 7. LAMEA Home Audio Equipment Market by Type
7.1 LAMEA Home Audio Speakers & Systems Market by Country
7.2 LAMEA Home Theater in-a-box Market by Country
7.3 LAMEA Home Radios Market by Country
7.4 LAMEA Others Market by Country
Chapter 8. LAMEA Home Audio Equipment Market by Country
8.1 Brazil Home Audio Equipment Market
8.1.1 Brazil Home Audio Equipment Market by Technology
8.1.2 Brazil Home Audio Equipment Market by Distribution Channel
8.1.3 Brazil Home Audio Equipment Market by Type
8.2 Argentina Home Audio Equipment Market
8.2.1 Argentina Home Audio Equipment Market by Technology
8.2.2 Argentina Home Audio Equipment Market by Distribution Channel
8.2.3 Argentina Home Audio Equipment Market by Type
8.3 UAE Home Audio Equipment Market
8.3.1 UAE Home Audio Equipment Market by Technology
8.3.2 UAE Home Audio Equipment Market by Distribution Channel
8.3.3 UAE Home Audio Equipment Market by Type
8.4 Saudi Arabia Home Audio Equipment Market
8.4.1 Saudi Arabia Home Audio Equipment Market by Technology
8.4.2 Saudi Arabia Home Audio Equipment Market by Distribution Channel
8.4.3 Saudi Arabia Home Audio Equipment Market by Type
8.5 South Africa Home Audio Equipment Market
8.5.1 South Africa Home Audio Equipment Market by Technology
8.5.2 South Africa Home Audio Equipment Market by Distribution Channel
8.5.3 South Africa Home Audio Equipment Market by Type
8.6 Nigeria Home Audio Equipment Market
8.6.1 Nigeria Home Audio Equipment Market by Technology
8.6.2 Nigeria Home Audio Equipment Market by Distribution Channel
8.6.3 Nigeria Home Audio Equipment Market by Type
8.7 Rest of LAMEA Home Audio Equipment Market
8.7.1 Rest of LAMEA Home Audio Equipment Market by Technology
8.7.2 Rest of LAMEA Home Audio Equipment Market by Distribution Channel
8.7.3 Rest of LAMEA Home Audio Equipment Market by Type
Chapter 9. Company Profiles
9.1 Nimble Holdings Company Limited (Akai Electric Company Ltd.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Cambridge Audio (Audio Partnerships PLC)
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.2.2 Product Launches and Product Expansions:
9.2.3 SWOT Analysis
9.3 Bose Corporation
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.2.2 Product Launches and Product Expansions:
9.3.3 SWOT Analysis
9.4 Dolby Laboratories, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.5.3 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 XPERI INC.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 HARMAN International Industries (Samsung Electronics Co., Ltd.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.5.3 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Intex Technologies
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 JVCKENWOOD Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional & Segmental Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 LG Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Nakamichi Corporation
9.10.1 Company Overview
9.10.2 SWOT Analysis

Companies Mentioned

  • Nimble Holdings Company Limited
  • Cambridge Audio
  • Bose Corporation
  • Dolby Laboratories, Inc.
  • XPERI INC.
  • Harman International Industries, Inc.
  • Intex Technologies
  • JVCKENWOOD Corporation
  • LG Electronics
  • Nakamichi Corporation

Methodology

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