Global Hi-Fi System Market Trends, Size, Forecast - 2019-2025
The global Hi-Fi system market is growing significantly, at a CAGR of around 5.4% during the forecast period (2019-2025). The hi-fi (high fidelity) system is referred to as the high-quality reproduction of sound with the use of high-quality amplifiers, receivers, cables, DAC, and other components in the sound system. The system produces modern audio compression techniques with increased bandwidth. The pivotal factor that drives market growth includes the rising adoption of wireless/portable devices and continuous innovations in the efficiency of audio technology in the electronics industry.
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The replacement of a portable computing system such as personal desktop with laptops and tablets has been acting as a catalyst to the growth of the market. Rising disposable income has increased the adoption of advanced entertainment products in emerging economies, such as India. Continuous growth and innovations in headphones, speakers, and soundbars will offer growth opportunities to the hi-fi system market during the forecast period. However, there are certain factors that restraints market growth include government policies and health concerns.
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Global Hi-Fi System Market Segmentation
By System Type
Devices
Headphones and Earphones
Speakers and Sound Bars
CD Players
Network Media Players
Others (DVD Player and Blu-Ray Player)
Components
Amplifiers
Cables
Receivers
Others (Digital-to-Analog Converter (DAC))
By Connectivity
Wired
Wireless
By Application
Residential
Commercial
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Apple Inc.
Amazon.com, Inc.
Audioengine LLC
B & W Group Ltd.
Bose Corp.
Edifier International Ltd.
ELAC Electroacustic GmbH
GESSI SPA
HiBy Music
High Fidelity Cables
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