The latest report by IMARC Group, titled “India Soundbar Market Report by Type (Wall-Mounted, Tabletop, and Others), Installation Method (Active Soundbars, Passive Soundbars, and Others), Connectivity (Wi-Fi, Bluetooth, and Others), Application (Home Audio, Commercial, and Others), and Region 2024-2032,” finds that the India soundbar market reached a value of US$ 170.1 Million in 2023. A soundbar, also known as a media bar, is an audio system enclosure that creates a stereo effect using advanced vibrations technology. It consists of multiple built-in speakers, stereo analog inputs and outputs, wireless connectivity options, infrared remote control, and other audio processing features. It requires less space and is more cost-effective as compared to conventional stereo sound systems. It also offers powerful audio quality while eliminating the need for multiple speakers and wiring. Owing to these benefits, soundbars are widely adopted in residential and commercial spaces across India.
India Soundbar Market Trends:
The market is primarily driven by the growing popularity of subscription-based media platforms, such as Amazon Prime and Netflix. Nowadays, individuals are connecting their televisions and smart devices to speakers to enhance their entertainment experience at home. In addition, the increasing access to intuitive technologies and virtual assistants due to the rising disposable incomes of consumers represent another major growth-inducing factor. Besides this, key players are introducing advanced internet of things (IoT)-enabled devices to expand their consumer base. For instance, Zebronics launched ZEB-Juke Bar 9700 Pro Dolby Atmos soundbar with multiple connectivity options. This, coupled with the rising adoption of flat-panel TV sets, is boosting the sales of soundbars. Moreover, rapid digitalization, improving living standards, increasing penetration of high-speed internet connections, and growing awareness regarding smart and automated systems are some of the other factors creating a favorable market outlook across the country. Looking forward, IMARC Group expects the market value to reach US$ 395.8 Million by 2032, exhibiting a CAGR of 9.5% during the forecast period (2024-2032).
Market Summary:
- On the basis of the type, the market has been categorized into wall-mounted, tabletop, and others.
- Based on the installation method, the market has been segregated into active, passive, and other soundbars.
- On the basis of connectivity, the market has been classified into Wi-Fi, Bluetooth, and others.
- Based on the application, the market has been segmented into home audio, commercial, and others.
- On the geographical front, the market has been divided into North India, West and Central India, South India, and East India.
- The competitive landscape of the market has been studied in the report, with the detailed profiles of the major players operating in the industry.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Type, Installation Method, Connectivity, Application, Region |
Region Covered |
North India, West and Central India, East India, South India |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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