Asia Pacific Sub-Woofer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Car Audio, Home Audio, Cinema Sound, Sound Reinforcement, and Others) and End-user (Residential and Commercial)
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.
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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.
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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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Sub-Woofer Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Sub-Woofer Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Demand in Automotive Industry
5.1.2 Advancing Popularity in Residential Home Applications and Cinemas and Theatres
5.2 Market Restraints
5.2.1 Availability of Low-quality Sub-woofers
5.3 Market Opportunities
5.3.1 Rise in Demand for Wireless Audio Devices and Smart Connectivity
5.4 Future trends
5.4.1 Increasing Uptake of Home and Professional Sound Systems
5.5 Impact Analysis of Drivers and Restraints
6. Sub-Woofer Market – APAC Analysis
6.1 APAC Sub-Woofer Market Overview
6.2 APAC Sub-Woofer Market Revenue and Forecast to 2028 (US$ Million)
7. APAC Sub-Woofer Market Analysis – By Application
7.1 Overview
7.2 APAC Sub-woofer Market, By Application (2020 and 2028)
7.3 Car Audio
7.3.1 Overview
7.3.2 Car Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Home Audio
7.4.1 Overview
7.4.2 Home Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Cinema Sound
7.5.1 Overview
7.5.2 Cinema Sound: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Sound Reinforcement
7.6.1 Overview
7.6.2 Sound Reinforcement: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Sub-woofer Market – By End-User
8.1 Overview
8.2 APAC Sub-woofer Market, By End-User (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Sub-woofer Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Sub-woofer Market, by Key Country
9.1.2 China: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1 China: Sub-woofer Market, by Application
9.1.2.2 China: Sub-woofer Market, by End-User
9.1.3 India: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 India: Sub-woofer Market, by Application
9.1.3.2 India: Sub-woofer Market, by End-User
9.1.4 Japan: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1 Japan: Sub-woofer Market, by Application
9.1.4.2 Japan: Sub-woofer Market, by End-User
9.1.5 South Korea: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1 South Korea: Sub-woofer Market, by Application
9.1.5.2 South Korea: Sub-woofer Market, by End-User
9.1.6 Rest of APAC: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.6.1 Rest of APAC: Sub-woofer Market, by Application
9.1.6.2 Rest of APAC: Sub-woofer Market, by End-User
10. APAC Sub-woofer Market - COVID-19 Impact Analysis
10.1 Overview
11. APAC Subwoofer Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product launch
12. Company Profiles
12.1 Dynaudio A/S
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 K-Array
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Harman International
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sony Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SV Sound
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Pioneer India Electronics Pvt. Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Paradigm Electronics Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 LW Speakers Professional Sound Systems
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Klipsch Group Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 JVC Kenwood Holdings Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Sub-woofer market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific: Sub-woofer Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. India: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 9. South Korea: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of APAC: Sub-woofer Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Sub-woofer Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Sub-Woofer Market Segmentation
Figure 2. APAC Sub-woofer market Segmentation – By Country
Figure 3. APAC Sub-Woofer Market Overview
Figure 4. Others Segment held the largest share in 2020
Figure 5. China held the largest share in 2020
Figure 6. APAC: PEST Analysis
Figure 7. Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. APAC Sub-woofer market Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Sub-woofer Market Revenue Share, by Application (2020 and 2028)
Figure 12. APAC Car Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Home Audio: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Cinema Sound: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Sound Reinforcement: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Others: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Sub-woofer Market Revenue Share, By End-User (2020 and 2028)
Figure 18. APAC Residential: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Commercial: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific: Sub-woofer Market , by Key Country-Revenue 2020 (US$ Million)
Figure 21. Asia Pacific: Sub-woofer Market Revenue Share, by Key Country (2020 & 2028)
Figure 22. China: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. India: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Japan: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. South Korea: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of APAC: Sub-woofer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- 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
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