The Audio Equipment Global Market Was Valued At $207.5 Billion In 2017 According To TBRC’s Latest Report

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The audio equipment manufacturing industry consists of establishments producing electronic audio equipment for home entertainment, musical instrument amplification, motor vehicles, and public-address systems. Audio equipment products includes televisions, speaker systems, video cassette recorders, stereo equipment, jukeboxes, and amplifiers for musical instruments and public-address systems.

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The market was valued at $ 207.5 billion in 2017, and is expected to be driven by the growing entertainment industry. Increasing use of online entertainment, reliable and sophisticated audio storage equipment and high-speed data streaming are expected to foster innovations in the home audio equipment market. Asia The market share of the audio and video equipment manufacturing market in 2017.

The audio equipment manufacturing market in the report is split into segments the Following: loudspeakers, microphones, amplifiers, turntables, and others.

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China was the largest country accounting for two-fifths of the global audio equipment market.

The top five competitors in the market Harman International, Dynaudio, Bose, KEF, and Polk. Harman International was the biggest player in the audio equipment manufacturing market. Harman International is an American subsidiary of Samsung Group that designs and engineers related products for automakers, consumers and companies worldwide, including connected car systems; audio and visual products, enterprise automation; and connected services. andenterprises worldwide, including connected car systems; audio and visual products, enterprise automation; and connected services. 

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