The Home Theater Audio Systems Market is segmented by Technology (NFC, Bluetooth, Wi-Fi), Distribution Channel (Offline, Online), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Market Dynamics

A growing number of smart homes which are equipped with connected communication devices is a key factor driving the product demand. The ability to stream audio content wirelessly has been augmenting the industry growth around the world as consumers have been adopting entertainment devices with Bluetooth and Wi-Fi connectivity. Moreover, these audio systems can be connected with portable devices such as laptops, smartphones, and tablets, which offers lucrative growth opportunities to the industry players.

Segment Analysis

Distribution Channel Trends

The home theater audio systems market is classified as offline and online. The offline segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. The brick-and-mortar retailers offer installation and after-sale services by experts. Moreover, the availability of compatible products for audio equipment works as an advantage of these stores, which further bolsters segment growth. 

Regional Trends

Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly attributed to rapid technological advancements, well-established consumer electronics in the region, and the large presence of product manufacturers. Also, the vast availability of resources and cheap labor encourages various multinational companies to set up their manufacturing plants in APAC, which further proliferates regional market growth.