The Latin America soundbar market size reached US$ 295.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 519.5 Million by 2027, exhibiting a growth rate (CAGR) of 9.99% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A soundbar is an audio system enclosure that creates virtual surround sound with the help of advanced vibrations technologies. It comprises stereo analog inputs and outputs, infrared remote control, wireless connectivity option, and various other audio processing features for speaker equalization. In the Latin American region, soundbars have gained immense traction as they offer a powerful audio experience, eliminate the need for multiple speakers, and require minimal space and external wirings.
The Latin America soundbar market is primarily driven by the availability of soundbars in a wide range of shapes and sizes. At present, countries such as Mexico and Brazil are the largest markets for soundbars. The growing prominence of high-end mainstream brands in these countries offering advanced and multifunctional devices is also propelling the market growth. Furthermore, manufacturers are increasingly equipping their devices with one or more smart assistants. This allows users to control the device via their voice and also integrate it with their in-house intelligent device ecosystem. This capability has increased the willingness of consumers to invest in soundbars.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America soundbar market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, installation method, connectivity and application.
Breakup by Type:
Wall-Mounted
Table-Top
Others
Breakup by Installation Method:
Active Soundbar
Passive Soundbar
Others
Breakup by Connectivity:
Wi-Fi
Bluetooth
Others
Breakup by Application:
Home Audio
Commercial
Others
Breakup by Country:
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2021
Historical Period
2016-2021
Forecast Period
2022-2027
Units
US$ Million
Segment Coverage
Type, Installation Method, Connectivity, Application, Country
Countries Covered
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
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)
Key Questions Answered in This Report:
How has the Latin America soundbar market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Latin America soundbar market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the installation method?
What is the breakup of the market based on the connectivity?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Latin America soundbar market and who are the key players?
What is the degree of competition in the industry?
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