Asia Pacific Sub-Woofer Market

Market Introduction

The region is subsegmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The region homes two of the most populated countries globally – China and India. These countries have a huge base of young populations who constantly adopt new and advanced speaker solutions like 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. Rise in demand for wireless audio devices and smart connectivity is the major factor driving the growth of the APAC sub-woofer market.  

The APAC region is hugely affected by a COVID-19, owing to a massive number of cases in China, the country is the most crucial manufacturer and industrial producer since it trades more manufacturing goods than any other country in the globe; it is also a world leader in several types of goods. According to the Organization for Economic Co-operation and Development (OECD), the other major economies outside of China have also impacted by the pandemic, such as huge South Korea, India, Australia, and Japan, and are experiencing downward growth. Since the outbreak of COVID-19 across the Asia-Pacific, several countries have suffered heavily. China, Japan, South Korea, India, Hong Kong, and Taiwan are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain. However, the sudden shutdown of major economic activities in the region has highly impacted the media & entertainment sector as majority of population from India, China, Taiwan, South Korea, and other Asian countries has adopted OTT platforms to spend time when they are idle. This shift in trend has boosted the sub-woofer market as viewers prefer high-quality audio hardware for better experience. Hence, the overall impact of COVID-19 on APAC region is low to moderate.

Market Overview and Dynamics

The sub-woofer market in APAC is expected to grow from US$ 384.74 million in 2021 to US$ 547.40 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The region has witnessed steady growth in the post-recession era, reflecting the rise in disposable income. In western countries, where consumers have high disposable incomes, the preference for advanced features and technologies integrated into vehicles drives the sale volume of cars. As per the Center for Automotive Research (CAR), automakers announced substantial investment projects of US$ 4.8 billion in these regions in 2018. GM, Hyundai, FCA, Ford, Nissan, Toyota, and Volkswagen have invested in this market. Car manufacturers are focusing on integrating sophisticated in-vehicle infotainment systems to provide differentiated services to their customers, which eventually is supporting the market growth. Moreover, the development of artificial intelligence (AI) technologies coupled with smartphone connectivity in the automotive sub-woofer is expected to drive the market in the forecast period. Further, the sales of these cars are expected to increase in coming years due to the rising uptake of private vehicles to avoid social contact in public transport to avoid exposure to SARS-CoV-2. Thus, the surge in the adoption of in-vehicle infotainment systems in cars is bolstering the demand for the sub-woofer market.

Key Market Segments

The APAC sub-woofer market is segmented into type, application and country. In terms of application, the sub-woofer market is categorized into car audio, home audio, cinema sound, sound reinforcement, and others. The others segment dominated the market in 2020 and cinema sound segment is expected to be the fastest growing during the forecast period. Based on end-user, the sub-woofer market is categorized into residential and commercial. The commercial segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on sub-woofer market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Dynaudio A/S, Harman International, JVC Kenwood Holdings Inc., K-Array, Klipsch Group Inc., LW Speakers Professional Sound Systems, Paradigm Electronics Inc., Pioneer India Electronics Pvt. Ltd., Sony Corporation, and SV Sound are among others.

Reasons to buy report

• To understand the APAC sub-woofer market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC sub-woofer market
• Efficiently plan M&A and partnership deals in APAC sub-woofer market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC sub-woofer market
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Sub-Woofer Market Segmentation

APAC Sub-Woofer Market –By Application

• Car Audio
• Home Audio
• Cinema Sound
• Sound Reinforcement
• Others 

APAC Sub-Woofer Market –By End-User

• Residential
• Commercial

APAC Sub-Woofer Market -By Country

• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Sub-Woofer Market -Company Profiles

• Dynaudio A/S
• Harman International
• JVC Kenwood Holdings Inc.
• K-Array
• Klipsch Group Inc.
• LW Speakers Professional Sound Systems
• Paradigm Electronics Inc.
• Pioneer India Electronics Pvt. Ltd.
• Sony Corporation
• SV Sound

Asia Pacific Sub-Woofer Market Strategic Insights

Asia Pacific Sub-Woofer Market Segmentation Analysis

Asia Pacific Sub-Woofer Market Report Highlights

Asia Pacific Sub-Woofer Report Scope

Asia Pacific Sub-Woofer Market Country and Regional Insights