HI-FI System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 03/05/2018 -- The HI-FI systems enable users to meet the expectations of sound reproduction with better quality from digital systems such as CD, DVD, speakers and sound bars. HI-FI equipment have accurate frequency response and less amount of noise and distortion. Currently as digitalization of systems is gaining adoption, the user's expectation for reproduction of sound with high quality, resolution and fidelity has also increased. The user's experience of listening to music have been dramatically modified from the previous two generations. The HI-FI system consist of amplifiers, receivers, network players, DACs, CD players, audio recorders and tuners components.
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The HI-FI system market has been experiencing growth due to innovation and advancement in wireless technology. Emerging automotive sector, rising demand for home-theater-in-a-box (HTiB) and smart homes is increasing the growth of HI-FI systems globally. Additionally, the rise in adoption of portable devices such as tablets, laptops and smartphones, and online services have contributed to the growth of wireless audio products in HI-FI system.
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Moreover, rising disposable income and increasing penetration of technologically advanced products are fueling the adoption of HI-FI systems in consumer electronics and home entertainment industry. However, government policies and technology barriers are affecting the growth of HI-FI system market.
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The global HI-FI system market is segmented on the basis of product, end-use adoption, technology and geography. On the basis of product the global HI-FI system market is segmented into network media players, headphones, Blu-ray players, speakers & sound bars and DVD players. In terms of end-use adoption, the market is segmented into automotive sector, residential sector and commercial sector.