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Home Theater Market size to reach USD 28 billion by 2023

Home theater market size is projected to exceed USD 28 billion by 2023. It refers to an audio system that can be interconnected with any video or audio device such as TV, DVD/Blu-ray player or any other sound systems. Rising number of smart homes across the world is anticipated to drive the industry growth over the forecast period.<br><br>Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/148

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Home Theater Market size to reach USD 28 billion by 2023

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  1. Home Theater Market size to exceed USD 28 billion by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Regional Analysis of Home Theater Market: • U.S. home theater market share is predicted to exhibit high growth prospects. The region is likely to occupy more than 40% of the overall industry share by 2023. • The surge in demand can be credited to increasing consumer preferences regarding superior audio and video effects. • High growth in the China and India home theater market size can be attributed to growing urbanization along with rising acceptance of innovative technologies.

  3. Application Analysis of Home Theater Market: • Home theater in-a-box (HTiB) is an arrangement of Blu-ray or DVD player, a multi-channel amplifier and a set of five or more surround sound speakers. • In addition, this product also includes multiple channel HTiBs such as 6.1, 5.1, 9.1, and 7.1 channel system. Home audio systems include various devices used for household usage such as MP3 players, compact audio systems, CD/DVD players, cassette deck, mini disc players, etc. • Other home audio accessories include devices such as subwoofers, speakers, amplifiers, microphones, set top boxes, headphones among others. Escalating popularity of audio technologies is forecast to drive the industry growth over the forecast period.

  4. Competitive Market Share of Home Theater Market: • Major industry participants accumulating substantial home theater market share include LG Electronics, Panasonic, Bose, Sony, and Samsung Electronics. • Other key stakeholders involved in the industry are Bowers & Wilkins, Atlantic Technology, D&M, Definitive Technology, GoldenEar Technology, Philips, Monitor Audio, Pioneer, Sharp, Toshiba, Sonos, and Harman.

  5. Browse Full Market Research Report On Home Theater Market @ http://goo.gl/bdOIMh Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/148

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