Product Code: GVR-4-68040-457-9
Soundbar Market Size & Trends:
The global soundbar market size was estimated at USD 7.50 billion in 2023 and is expected to grow at a CAGR of 9.5% from 2024 to 2030. The soundbar market is experiencing significant growth due to evolving consumer preferences for high-quality home entertainment systems and the increasing demand for enhanced audio experiences. One of the key factors driving the market is the growing adoption of smart TVs and streaming services, which has spurred demand for complementary audio devices. As more consumers shift towards minimalistic home setups, soundbars have become a popular choice over traditional multi-speaker systems, owing to their compact design, ease of installation, and advanced sound technologies.
The rising trend of home automation and smart homes presents significant growth potential for the soundbar market. Manufacturers are increasingly incorporating voice assistants such as Amazon Alexa and Google Assistant into soundbars, which adds value for consumers looking for multifunctional devices that can control various smart home applications. The market is also poised to benefit from the growing demand for immersive audio experiences in gaming, as soundbars equipped with spatial audio capabilities attract a broader range of users. Furthermore, the increasing availability of affordable soundbars with high-end features presents opportunities for market penetration in price-sensitive regions, particularly in emerging markets where consumer spending on home entertainment is rising.
The ongoing innovations in soundbar technologies and the introduction of premium features, such as 3D surround sound, virtual assistant integration, and multi-room audio support presents a potential growth opportunity in the market. Moreover, partnerships between soundbar manufacturers and streaming service providers or gaming companies are driving cross-industry synergies, enhancing product visibility and user engagement. The increasing inclination towards wireless and portable soundbars also underscores a shift in consumer behavior, where convenience and performance converge to influence purchasing decisions. Brands that successfully capitalize on these trends by delivering innovative products with superior audio quality and smart connectivity are expected to drive the market growth.
Recent events such as COVID-19 pandemic, work from home, and remote work cultures have accelerated the demand for home entertainment systems, as people spent more time indoors and sought high-quality, cinematic experiences at home. This trend led to a surge in sales of soundbars, especially those with features like built-in subwoofers, enhanced bass, and voice clarity, which are designed to create an immersive audio experience. As consumers become more aware of sound quality, there is a growing inclination towards soundbars that offer clear dialogue delivery, rich bass, and compatibility with high-resolution content. Manufacturers are responding by introducing a variety of models tailored to different room sizes and sound preferences, enhancing the overall market growth.
The rising consumer awareness and growing demand for sustainable living practices, consumers are becoming more conscious of the environmental impact of electronics, leading manufacturers to develop soundbars with recyclable materials, energy-efficient components, and minimal packaging. Thus, companies are also exploring the potential of modular soundbar designs that allow users to upgrade parts rather than replacing the entire device, reducing electronic waste.
Global Soundbar Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2018 to 2030 in each of the sub-segments. For the purpose of this study, Grand View Research has segmented the global soundbar market report based on type, installed method, connectivity, application, distribution channel, and region:
- Soundbar Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Tabletop
- Wall Mount
- Soundbar Installed Method Outlook (Revenue, USD Billion, 2018 - 2030)
- Active Soundbar
- Passive Soundbar
- Soundbar Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)
- Wi-Fi
- Bluetooth
- Others
- Soundbar Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Home Audio
- Commercial
- Soundbar Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
- Online
- Offline
- Soundbar Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology segmentation & scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Soundbar Market Variables, Trends & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry value chain analysis
- 3.3. Market dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Soundbar Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Soundbar Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Soundbar Market: Type Movement Analysis, 2023 & 2030 (USD Billion)
- 4.3. Tabletop
- 4.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Wall Mount
- 4.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Soundbar Market: Installed Method Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Soundbar Market: Installed Method Movement Analysis, 2023 & 2030 (USD Billion)
- 5.3. Active Soundbar
- 5.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Passive Soundbar
- 5.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Soundbar Market: Connectivity Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Soundbar Market: Connectivity Movement Analysis, 2023 & 2030 (USD Billion)
- 6.3. Wi-Fi
- 6.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Bluetooth
- 6.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Others
- 6.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Soundbar Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Soundbar Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
- 7.3. Home Audio
- 7.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Commercial
- 7.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Soundbar Market: Distribution Channel Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Soundbar Market: Distribution Channel Movement Analysis, 2023 & 2030 (USD Billion)
- 8.3. Online
- 8.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4. Offline
- 8.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Soundbar Market: Regional Estimates & Trend Analysis
- 9.1. Soundbar Market Share, By Region, 2023 & 2030, USD Billion
- 9.2. North America
- 9.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.2. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.2.3. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.2.4. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.2.5. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.2.6. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.2.7. U.S.
- 9.2.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.7.2. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.2.7.3. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.2.7.4. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.2.7.5. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.2.7.6. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.2.8. Canada
- 9.2.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.8.2. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.2.8.3. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.2.8.4. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.2.8.5. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.2.8.6. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.2.9. Mexico
- 9.2.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.9.2. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.2.9.3. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.2.9.4. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.2.9.5. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.2.9.6. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.3. Europe
- 9.3.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.3.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.3.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.3.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.3.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.3.6. UK
- 9.3.6.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.3.6.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.3.6.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.3.6.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.3.6.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.3.7. Germany
- 9.3.7.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.3.7.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.3.7.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.3.7.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.3.7.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.3.8. France
- 9.3.8.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.3.8.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.3.8.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.3.8.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.3.8.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.4. Asia Pacific
- 9.4.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.4.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.4.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.4.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.4.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.4.6. China
- 9.4.6.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.4.6.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.4.6.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.4.6.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.4.6.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.4.7. India
- 9.4.7.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.4.7.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.4.7.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.4.7.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.4.7.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.4.8. Japan
- 9.4.8.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.4.8.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.4.8.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.4.8.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.4.8.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.4.9. Australia
- 9.4.9.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.4.9.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.4.9.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.4.9.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.4.9.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.4.10. South Korea
- 9.4.10.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.4.10.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.4.10.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.4.10.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.4.10.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.5. Latin America
- 9.5.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.5.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.5.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.5.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.5.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.5.6. Brazil
- 9.5.6.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.5.6.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.5.6.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.5.6.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.5.6.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.6. Middle East & Africa
- 9.6.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.6.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.6.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.6.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.6.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.6.6. UAE
- 9.6.6.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.6.6.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.6.6.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.6.6.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.6.6.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.6.7. Saudi Arabia
- 9.6.7.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.6.7.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.6.7.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.6.7.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.6.7.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
- 9.6.8. South Africa
- 9.6.8.1. Market estimates and forecast by Type, 2018 - 2030 (USD Billion)
- 9.6.8.2. Market estimates and forecast by installed method, 2018 - 2030 (USD Billion)
- 9.6.8.3. Market estimates and forecast by connectivity, 2018 - 2030 (USD Billion)
- 9.6.8.4. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 9.6.8.5. Market estimates and forecast by distribution channel, 2018 - 2030 (USD Billion)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Share Analysis
- 10.4. Company Heat Map Analysis
- 10.5. Strategy Mapping
- 10.5.1. Expansion
- 10.5.2. Mergers & Acquisition
- 10.5.3. Partnerships & Collaborations
- 10.5.4. New Product Launches
- 10.5.5. Research And Development
- 10.6. Company Profiles
- 10.6.1. Polk Audio
- 10.6.1.1. Participant's Overview
- 10.6.1.2. Financial Performance
- 10.6.1.3. Product Benchmarking
- 10.6.1.4. Recent Developments
- 10.6.2. Samsung Electronics Co. Ltd
- 10.6.2.1. Participant's Overview
- 10.6.2.2. Financial Performance
- 10.6.2.3. Product Benchmarking
- 10.6.2.4. Recent Developments
- 10.6.3. Bose Corporation
- 10.6.3.1. Participant's Overview
- 10.6.3.2. Financial Performance
- 10.6.3.3. Product Benchmarking
- 10.6.3.4. Recent Developments
- 10.6.4. LG Electronics Inc.
- 10.6.4.1. Participant's Overview
- 10.6.4.2. Financial Performance
- 10.6.4.3. Product Benchmarking
- 10.6.4.4. Recent Developments
- 10.6.5. Onkyo Corporation
- 10.6.5.1. Participant's Overview
- 10.6.5.2. Financial Performance
- 10.6.5.3. Product Benchmarking
- 10.6.5.4. Recent Developments
- 10.6.6. Sony Corporation
- 10.6.6.1. Participant's Overview
- 10.6.6.2. Financial Performance
- 10.6.6.3. Product Benchmarking
- 10.6.6.4. Recent Developments
- 10.6.7. Voxx International Corporation
- 10.6.7.1. Participant's Overview
- 10.6.7.2. Financial Performance
- 10.6.7.3. Product Benchmarking
- 10.6.7.4. Recent Developments
- 10.6.8. Koninklijke Philips NV
- 10.6.8.1. Participant's Overview
- 10.6.8.2. Financial Performance
- 10.6.8.3. Product Benchmarking
- 10.6.8.4. Recent Developments
- 10.6.9. Panasonic Corporation
- 10.6.9.1. Participant's Overview
- 10.6.9.2. Financial Performance
- 10.6.9.3. Product Benchmarking
- 10.6.9.4. Recent Developments
- 10.6.10. Sennheiser Electronic GmbH & Co. KG
- 10.6.10.1. Participant's Overview
- 10.6.10.2. Financial Performance
- 10.6.10.3. Product Benchmarking
- 10.6.10.4. Recent Developments