Market Share of Global Home Audio Industry
The global home audio market is a highly fragmented and competitive market with the presence of several prominent players like Sony Corporation, Sonos, Inc., Bose Corporation, Panasonic Corporation, etc. The players in the market are striving to expand their market share through various collaborations, innovations, or enhancing their distribution channels.
- July 2021 - Sonos, the premium audio brand, has forayed into India to expand its portfolio globally. The California-based home audio brand has partnered with Luxury Personified, a subsidiary of The Sun Group, to offer its wireless home audio speaker range to the Indian market. Through this partnership, Sonos would be able to officially sell and service its products in India, putting a curb on sales through third-party platforms.
- July 2021 - Sony Electronics Inc. introduced the premium HT-A9 home theater system and flagship HT-A7000 soundbar, delivering an advanced multidimensional sound experience. It enables users to feel the action happening above and from every corner of the living room with innovative surround sound technologies that create an immersive home theater and soundscape experience for any music, film, or gaming content.
- May 2021 - Apple announced that Apple Music is set to launch advanced sound quality to its subscribers with the addition of Spatial Audio with support for Dolby Atmos. Spatial Audio gives artists the chance to create immersive audio experiences with authentic multidimensional sound and clarity for their fans. Apple Music subscribers would also be able to listen to more than 75 million songs in Lossless Audio. These new features will be available for Apple Music subscribers starting next month at no additional cost.
Home Audio Market Leaders
Sonos, Inc.
Sony Corporation
Bose Corporation
Samsung Electronics, Co. Ltd.
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
