Technological Innovations To Take the Home Audio Equipment Market Beyond the US$18.8 Billion Mark by 2010, According to New Report by Global Industry Analysts

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Global Home Audio Equipment market is marked by rapid developments in digital technology. Driving forces propelling growth in the market include incessant developmental cycle of innovative products with technologically advanced features. By 2010, world market for home audio equipment is projected to reach US$18.8 billion and in terms of volume, sales are expected to rise by 4,866 thousand units between the period 2007 to 2010.

Home Audio Equipment: A Global Strategic Business Report

Consumer electronics and home audio equipment in particular are the most competitive markets. Home audio equipment manufacturers need to differentiate their products from those of competitors in order to stay ahead in the competition. Products with high appeal, aesthetic design and innovative features win the race. Average unit price of audio products is on a continuous decline mainly due to the availability of advanced technologies that simplify the production process and make it cost effective.

As stated in a recent report published by Global Industry Analysts, Inc., sales of home radios in the world home audio equipment market are steadily shrinking. Between the period 2007 to 2015, the market is projected to shrink by US$37.7 million in terms of value and 1,317 thousand units in terms of unit volume. In the home theater in a box market, global dollar sales are forecasted to grow at a relatively highest CAGR of 5.42% over the analysis period 2001 to 2010. By the year 2015, sales of the same are projected to reach US$3.7 billion, while the expansion in terms of unit sales is portended to be 3,433 thousand units between the period 2011 to 2015.

Global home audio separate components market is estimated at US$9.6 billion in the year 2007, and by the year 2015, Europe is projected to corner over 68.3% of the world market. In Asia-Pacific, home audio systems market is projected to witness unit sales rise by 1,122 thousand units between the period 2007 to 2010. The United States is a sluggish market for home audio equipments with most of the product market segments plunging southwards. Home Audio Separate Components, and Home Theater in a Box are the only two segments, which are expected to post gains in the upcoming years. Together, sales in these markets are forecasted to reach US$ 2.7 billion by the year 2015.

Major players in the marketplace include Akai, Dolby Laboratories Inc, DTS Inc, Kenwood Corporation, Philips Electronics NV, LG Electronics, Matsushita Electric Industrial Co Ltd, Nakamichi Corporation, Onkyo Corporation, Pioneer Corporation, Sanyo Electric Co Ltd, Sharp Corporation, Sony Corporation, AIWA America Inc., and Tweeter Home Entertainment Group Inc.

"Home Audio Equipment: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, major developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Latin America and Middle East & Africa. Analytics for the period 1995 through 2015 are provided in terms of product segments including Home Audio Systems, Home Audio Separate Components, Home Theater in a Box, and Home Radios.

For more details about this research report, please visit http://www.strategyr.com/Home_Audio_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.strategyR.com/

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