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According to the latest research report titled “Sub-Woofer Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to grow from US$ 834.77 million in 2021 to reach US$ 1,132.62 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Sub-woofers Market are essential because most audio or home theater speakers cannot produce all audio frequencies. Therefore, continuous technological innovations in home audio systems and increasing demand for high-performance home theaters are increasing the adoption of sub-woofers.

Moreover, advancements such as rising application of Bluetooth speakers and internet connectivity for music and videos are factors propelling the demand for sub-woofers. Moreover, increasing product development in the home application segment is propelling the market. For instance, in 2021, Sonos launched a mini sub-woofer to boost home cinema. Additionally, cinema technologies such as Dolby Atoms, Roman theater, and others have supported the uptake of sub-woofers. The upswing in the demand for high-performance, rigid, and reliable cinema sub-woofers is driving the global sub-woofer market.

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List of TOP KEY PLAYERS in Sub-Woofer Market Report are:

Dynaudio A/S, K-Array, Harman International, Sony Corporation, SV Sound, Pioneer India Electronics Pvt. Ltd., Paradigm Electronics Inc., LW Speakers professional sound systems, Klipsch Group Inc., and JVC Kenwood Holdings Inc. are among the major companies operating in the sub-woofer market.

Growing Demand for Automobiles to Drive Market

The development of artificial intelligence (AI) technologies coupled with smartphone connectivity in automotive sub-woofer is expected to drive the market during the forecast period. Additionally, sales of cars are expected to increase in future due to the rising adoption of private vehicles to avoid social contact and exposure to SARS-CoV-2. Thus, the surge in the adoption of in-vehicle infotainment systems in cars is bolstering the demand for sub-woofers. Additionally, l uxury cars and autonomous vehicles integrated with high-end infotainment systems and technologies are driving car sales in North America and Europe. As per the Center for Automotive Research (CAR), in 2018, automakers announced substantial investment projects of US$ 4.8 billion in North America and Europe. Major automakers invested US$ 3.7 billion in their US operations, with focus to modernizing the manufacturing process. Such initiatives by car manufacturers are expected to boost the global sub-woofer market.

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Growing Demand for Automobiles to Propel Sub-Woofer Market’s Growth

Developing regions, such as Asia Pacific, the Middle East and Africa, and South America, are characterized by a positive economic outlook, an increasing middle-class population, and rising disposable incomes. These factors have fueled the sales of passenger cars integrated with onboard infotainment systems. In western countries, where people have high disposable incomes, the preference for advanced features and technologies drives the sale volume of cars. Car manufacturers are focusing on integrating sophisticated in-vehicle infotainment systems to provide differentiated services to their customers, which is eventually expected to support 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 during the forecast period.

The global sub-woofer market is segmented into application and end-user. Based on application, the market is segmented into car audio, home audio, cinema sound, sound reinforcement, and others. Based on end-user, the market is bifurcated into commercial and residential.

The audio industry has witnessed a rise in demand for wireless audio devices such as bluetooth speakers and sound-bars. The increasing adoption of bluetooth speakers among customers is creating new revenue streams for market players. Wireless audio devices are expected to drive the sub-woofer market. Additionally, market players are focusing on selling smart speakers and sub-woofers, which is likely to fuelthe growth of the market in the future.  For instance, in March 2021, Sonos introduced the Sonos Roam—its first fully portable bluetooth speaker, which doubles as a full-fledged member of Sonos system when in reach of Wi-Fi network. Thus, the growing consumer interest toward technologically advanced audio devices is expected to create lucrative opportunities for the global sub-woofer market during the forecast period.

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The global sub-woofer market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

The US, Canada, and Mexico are among the key countries in North America. Moreover, APAC holds a significant share in the global sub-woofer market owing to higher awareness about latest technologies among end users.

Growth in the manufacturing industry in Asian countries such as China, Japan, South Korea, and Taiwan, would further create a positive impact on the market.

The region has a strong automotive industry supported by increasing automotive manufacturing across countries such as China and India. For instance, in 2020, India and China produced 3,394,446 and 25,225,242 passenger cars and commercial vehicles, respectively.

This rise in automotive manufacturing across the region is expected to increase the demand for automotive speakers, thereby contributing to the sub-woofer market’s growth.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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