Connected Home Audio Forecasts, 2015 to 2020 The Reinvention Of Hi-Fi
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The 20,000 Foot View While the home hi-fi market was fading into irrelevance Sonos quietly set about reimagining the whole concept of in-home audio. Now connected home audio is coming of age, with Sonos the dominant player in the multi-room audio segment. Consequently incumbents of all shapes and sizes are rising themselves from their slumbers and entering the market in force. Over the coming years the connected home audio market will grow strongly across all key product categories with streaming music acting as its catalyst.
Key Findings
- The majority connected home audio consumers are and male are male, are of connected home audio consumers early adopter and are technology while are music streamers
- The connected audio market comprises three main – low end wireless speakers, wireless speakers, multi-room audio
- The average price of connected home audio with average category and brand ranging from to
- Bose has highest average price Sonos is with
- Bose has largest share of connected audio while Sonos is second with
- A number new entrants such as FON’s Amazon’s Echo and Devialet’s Phantom contribute to an increasingly competitive in the coming years
- Increased competition bring greater fragmentation, aided by range of competing standards and including Spotify Connect, Google Cast, Airplay and Qualcomm AllPlay
- There were connected audio households in 2014, of all households globally
- This will to million and penetration in with the rate of growth each year
- Music subscriptions, low end wireless speakers and markets will all drive growth
- The US the leading connected home audio with million households in 2014 will remain the leader with in 2020
- Asia Pacific be the largest region in with million households
Companies mentioned in this report: Sonos, Bose, JBL, Harman Kardon, Beats, Sony, Philips, Panasonic, Denon, FON, LG, Amazon, Qualcomm, Apple, Google, Bang & Olufsen, Devialey, Samsung, Ministry Of Sound, Naim Audio, Nad Electronics, Spotify, Deezer, Rhapsody, Qobuz, Pono, TuneIn, SoundCloud, Pandora, Rdio