Smart and networked multi-room audio systems represent "huge opportunities" for home theatre vendors, Persistence Market Research reports-- driving a global home theatre audio market worth $10 billion in 2017.
Such growth should be sustainable, as the analyst forecasts the market will register a 5% CAGR through 2025, with sales reaching "nearly" $15bn by the end of the forecast period. One growth driver, particularly in N. America, is systems with wireless capabilities such as wifi and Bluetooth, as customers want to integrate audio systems with their mobile and wearable devices.
Another growth driver is low-range home theatre audio systems, as based on price range. Premium systems will register the fastest growth, while sales revenues from mid-range systems will remain "comparatively higher" compared to premium systems. As for sales channels, unorganised retail stores are the "most lucrative," expanding at the highest CAGR through 2025 and accounting for revenues worth $6bn by end 2025.