According to the latest report by IMARC Group “United States Soundbar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The United States soundbar market is currently witnessing strong growth. the market is expected to continue its strong growth during the forecast period (2021-2026).
A soundbar, or media bar, is a single cabinet loudspeaker that can be connected with various electronic devices, such as tablets, laptops, smartphones, and music players, for producing stereo effects. It is extensively deployed in commercial, residential, and entertainment sectors due to its high-quality audio. The soundbar mainly includes an audio speaker equalization system, wireless connectivity option, and stereo analog input and output. At present, soundbars are available in different types, such as all-in-one, cinematic, and subwoofer soundbars.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The rising popularity of over-the-top (OTT) platforms, such as Netflix, Unscreen TV, Amazon, and Vimeo, is one of the key factors primarily driving the United States soundbar market growth. The rapid digitization, along with the integration of voice assistants like Google Assistance, Siri and Alexa, is further impelling the market growth. In line with this, the widespread utilization of soundbars in various commercial sectors, such as retail, hospitality, and corporate, is contributing to the market growth across the country.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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