Subwoofer Market Size, Share, and Analysis From 2021 to 2028
The sub-woofer market is expected to grow from US$ 834.77 million in 2021 to US$ 1,132.62 million by 2028; it is estimated to register a CAGR of 4.5% during 2021–2028.
Continuous technological innovations in home audio systems and increasing demand for high-performance home theaters are increasing the adoption of sub-woofers. Moreover, advancements such as rising application of bluetooth speakers and internet connectivity for music and videos are factors propelling the demand for sub-woofers. Increasing product development in the home application segment is propelling the market. For instance, in 2021, Sonos launched a mini sub-woofer to boost home cinema. Additionally, cinema technologies such as Dolby Atoms, Roman theater, and others have supported the uptake of sub-woofers. The upswing in demand for high-performance, rigid, and reliable cinema sub-woofers is driving the global sub-woofer market
Considering the growing demand for sub-woofers in vehicles, the automotive industry is one of the major contributing sectors toward the market. Also customers have the choice to customize sub-woofers cabinet material as per their requirements. The sub-woofer market is developed in a few economies, whereas it is still growing substantially in developing economies.
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Sub-Woofer Market: Strategic Insights
Sub-Woofer Market
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CAGR (2021 - 2028)
4.5%
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Market Size 2021
US$ 834.77 Million
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Market Size 2028
US$ 1,132.62 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Dynaudio A/S
- K-Array
- Harman International
- Sony Corporation
- SV Sound
- Pioneer India Electronics Pvt. Ltd.
- Paradigm Electronics Inc.
- LW Speakers Professional Sound Systems
- Klipsch Group Inc.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Application
- Car Audio
- Home Audio
- Cinema Sound
- Sound Reinforcement
- Others
End-user
- Residential and Commercial
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Sub-Woofer Market: Strategic Insights
-
CAGR (2021 - 2028)4.5% -
Market Size 2021
US$ 834.77 Million -
Market Size 2028
US$ 1,132.62 Million
Market Dynamics
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Key Players
- Dynaudio A/S
- K-Array
- Harman International
- Sony Corporation
- SV Sound
- Pioneer India Electronics Pvt. Ltd.
- Paradigm Electronics Inc.
- LW Speakers Professional Sound Systems
- Klipsch Group Inc.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Application - Car Audio
- Home Audio
- Cinema Sound
- Sound Reinforcement
- Others
End-user - Residential and Commercial
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Impact of COVID-19 Pandemic on Sub-Woofer Market
Temporary shutdown of the manufacturing units has negatively impacted growth of the sub-woofer market across the globe and has led to challenges such as disturbance in supply chain and falling business confidence. Due to the COVID-19 outbreak, the production, supply chain process, and research and development (R&D) activities have slowed across the globe. Sales of sub-woofer decreased significantly during the COVID-19 pandemic due to operational constraints in sales channels such as specialty stores and e-commerce platforms. However, various manufacturing firms have restarted production of sub-woofers and is expected to boost growth of the sub-woofer market.
Sub-Woofer Market Insights
Rising Demand for Wireless Audio Devices and Smart Connectivity
The audio industry has witnessed a rise in demand for wireless audio devices such as bluetooth speakers and sound-bars. The increasing adoption of bluetooth speakers among customers is creating new revenue streams for market players. Wireless streaming of audio content is also driving the growth of this market. Nowadays, most audio systems are equipped with connectivity features such as bluetooth and Wi-Fi. Devices such as laptops, smartphones, and tablets have Wi-Fi and bluetooth chips, which allow the sub-woofer to play audio wirelessly. Market players are focusing on selling smart speakers and sub-woofers, which is likely to fuel the growth of the market in future. For instance, in March 2021, Sonos introduced its latest speaker (the Sonos Roam), its first fully portable bluetooth speaker, which doubles as a full-fledged member of Sonos system when in reach of Wi-Fi network. Thus, the growing consumer interest toward technologically advanced audio devices is expected to create lucrative opportunities in the global sub-woofer market during the forecast period.
Application-Based Market Insights
Based on application, the sub-woofer market is segmented into car audio, home audio, cinema sound, sound reinforcement, and others. In 2020, the home audio segment accounted for the largest market share.
End-User-Based Market Insights
Based on end-user, the sub-woofer market is bifurcated into residential and commercial. In 2020, the commercial segment accounted for a larger share in the market.
Players operating in the sub-woofer market adopt strategies such as mergers & acquisitions and technical initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In 2021, K-array unveiled a new line of audio solutions with the aim of introducing new technologies into speaker products while targeting budget-sensitive yet highly demanding applications.
- In 2021, Panasonic and Klipsch announced an exclusive collaboration to deliver the revered “Klipsch Sound” and audiophile-quality performances to in-vehicle experience at the CES trade show in Las Vegas.
The sub-woofer market is segmented into application, end-user, and geography. Based on application, the market is categorized into car audio, home audio, cinema sound, sound reinforcement, and others. Based on end-user, the global sub-woofer market is divided into residential and commercial. Geographically, the sub-woofer market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Subwoofer Market Report Scope
Report Attribute
Details
Market size in 2021
US$ 834.77 Million
Market Size by 2028
US$ 1,132.62 Million
Global CAGR (2021 - 2028)
4.5%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Application - Car Audio
- Home Audio
- Cinema Sound
- Sound Reinforcement
- Others
By End-user - Residential and Commercial
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Dynaudio A/S
K-Array
Harman International
Sony Corporation
SV Sound
Pioneer India Electronics Pvt. Ltd.
Paradigm Electronics Inc.
LW Speakers Professional Sound Systems
Klipsch Group Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 834.77 Million |
| Market Size by 2028 | US$ 1,132.62 Million |
| Global CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
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| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Company Profiles
- Dynaudio A/S
- K-Array
- Harman International
- Sony Corporation
- SV Sound
- Pioneer India Electronics Pvt. Ltd.
- Paradigm Electronics Inc.
- LW Speakers Professional Sound Systems
- Klipsch Group Inc.
- JVC Kenwood Holdings Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and End-user.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
A sub-woofer is usually a part of the sound system and is used for producing low-pitched audio frequencies that are known as sub-bass and bass. A sub-woofer is used for various applications such as home audio, cinema sound, car audio, sound reinforcement, outdoor entertainment, etc. The requirement for sub-woofers is growing with the increasing count of public meetings, stand-up comedy shows, and cinema halls. Shifting preferences and changing consumer lifestyles toward the use of on-board infotainment systems in ride-hailing services is anticipated to create promising opportunities for the sub-woofers required in automobiles.
The audio industry has witnessed a shift to the rise in the demand for wireless audio devices, such as Bluetooth speakers and sound bars. The increasing uptake of Bluetooth speakers and other such devices among end-users is creating new revenue streams for market players. The wireless streaming of audio content is also driving the growth of this market. Nowadays, most audio systems are equipped with connectivity features, such as Bluetooth and Wi-Fi. Wireless sound systems, such as smart speakers and sub-woofers, are small and occupy a limited space than home theatre sub-woofers. Most portable devices, such as laptops, smartphones, and tablets, are implemented with Wi-Fi and Bluetooth chips, which allow the sub-woofer to run audio content wirelessly.
Home audio was estimated to dominate the market in 2020. The home audio system is a personalized audio system. There are four basic types of home theatre audio systems: home-theatre-in-a-box system, sound bar, component system, component separates. A subwoofer is a loudspeaker that handles the lower frequencies or bass. In a piece of home music or home theater audio system, the sub-woofer is often one of the most important speakers in the room. Sub-woofers are important because most speakers in audio or home theater system are not capable of reproducing all the frequencies your audio source sends to them. Consumers preference has been shifting towards home entertainment and theatre solutions owing to the increasing prices of movie tickets. Moreover, the growing prevalence of smart homes across the globe is a major factor contributing to market expansion during the forecast period.
Commercial segment was estimated to dominate the market in 2020 and during the forecast period as well. Sub-woofer are used across various commercial applications, including cinema, music, museum, conference rooms, business offices, in heavily populated areas like train stations, airports, and college universities, retail spaces, restaurants/bars, auditorium, concerts, AR/VR, and others. Furthermore, car audio, cinema sound, sound reinforcements are the application that comes under commercial sectors. Growing exploration activities and developments related to audio systems and human-computer interface technology are creating prominent opportunities for the commercial market.
Changing consumer lifestyles and shifting preference toward the usage of home theaters or home-based cinemas halls by urban areas high profile consumers will create an increasing trend of installing a home theater in almost every home in the upcoming years. Consumers' preference has been shifting towards home entertainment and theatre solutions due to the increasing prices of movie tickets. This trend has encouraged buyers to invest in high-quality speaker systems as they create a cinematic experience in their homes.
Asia Pacific region dominated the market in 2020 & is expected to be the fastest-growing region as well during the forecast period for the sub-woofer market globally. The growth of the sub-woofer market in Asia Pacific is ascribed to a few leading sound system providers striving to expand and strengthen their presence in the region. The region homes two of the most populated countries globally, namely China and India. These countries have a massive base of young population who are constantly adopting new and advanced speaker solutions, such as smart speakers and home theaters. The rising demand for smart speakers has experienced a drastic increase across developing countries like India, which is further expected to contribute to the market's growth over the years.
The List of Companies - Global Sub-Woofer Market
- Dynaudio A/S
- K-Array
- Harman International
- Sony Corporation
- SV Sound
- Pioneer India Electronics Pvt. Ltd.
- Paradigm Electronics Inc.
- LW Speakers Professional Sound Systems
- Klipsch Group Inc.
- JVC Kenwood Holdings Inc.
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