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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.
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:
Breakup by Installation Method:
Breakup by Connectivity:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|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)|
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