Subwoofer Market Scope, Overview, and Analysis by 2031
The subwoofer market size is projected to reach US$ 1905.45 million by 2031 from US$ 1132.89 million in 2023. The market is expected to register a CAGR of 6.7% during 2023–2031. The growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres are likely to be the key drivers and trends of the market.
Subwoofer Market Analysis
The subwoofer market is experiencing a significant growth globally. This growth is attributed to factors such as the growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres. Moreover, the rise in demand for wireless audio devices and smart connectivity and the increasing uptake of home and professional sound systems are anticipated to hold several opportunities for the subwoofer market.
Subwoofer Market Overview
A subwoofer is another word for a speaker, and it’s dedicated to reproducing that throbbing low-frequency, bass-heavy beat you can feel in your bones at the club or during an action-packed scene at a movie theatre. Low-frequency sounds with the addition of a subwoofer include bass-heavy songs, kick drums, a rumbling movie, TV sound effects, and more.
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Subwoofer Market: Strategic Insights
Market Size Value in US$ 834.77 million in 2021 Market Size Value by US$ 1,132.62 million by 2028 Growth rate CAGR of 4.5% from 2021 to 2028. Forecast Period 2021-2028 Base Year 2021
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Subwoofer Market: Strategic Insights
| Market Size Value in | US$ 834.77 million in 2021 |
| Market Size Value by | US$ 1,132.62 million by 2028 |
| Growth rate | CAGR of 4.5% from 2021 to 2028. |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Subwoofer Market Drivers and Opportunities
Growing Demand for Subwoofers in Automotive Industry to Favor Market
A subwoofer completes the lack of bass from the car's main speakers. The result is a richer, livelier and more realistic listening experience. This is why the bass reproduction is often much better than the vehicle's original installation. The majority of car stereo speakers start dropping off at around 50Hz. But a quality subwoofer will reproduce low frequencies down to 20Hz or lower.
Moreover, many companies offer subwoofers for automotive. For example, HARMAN International Industries launched the new Infinity Reference series, a collection of shallow-mount subwoofers. Offering good design and engineered to deliver powerful bass, the new speakers will bring the car listening experience to an entirely new level.
Rise in Demand for Wireless Audio Devices and Smart Connectivity.
The rise in demand for wireless audio devices and smart connectivity is anticipated to hold several opportunities for the market. Subwoofers that integrate seamlessly with wireless audio systems are highly attractive. As consumers invest in wireless speakers and home audio systems, the demand for compatible sub-woofers increases. Moreover, the number of companies providing wireless audio devices is increasing. Companies such as Boat, zebronics, JBL, etc.
Subwoofer Market Report Segmentation Analysis
Key segments that contributed to the derivation of the subwoofer market analysis are application and end users.
- Based on application, the subwoofer market is divided into car audio, home audio, cinema sound, sound reinforcement, and others. The car audio segment is anticipated to hold a significant market share in the forecast period.
- Based on end users, the subwoofer market is divided into residential and commercial. The residential segment is anticipated to hold a significant market share in the forecast period.
Subwoofer Market Share Analysis by Geography
The geographic scope of the subwoofer market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the subwoofer market. High technology adoption trends in various industries in the North American region have fuelled the growth of the subwoofer market. Factors such as increased adoption of digital tools, high technological spending by government agencies, the growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres are expected to drive the North America subwoofer market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of subwoofer market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the subwoofer market.
Subwoofer Market Report Scope
Subwoofer Market News and Recent Developments
The subwoofer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the subwoofer market are listed below:
- Boult expanded its audio portfolio with two new soundbars in India. The company has announced its venture into smart home audio with the introduction of the BassBox SoundBars. These devices aim to revolutionize home entertainment, promising an unparalleled audio experience. (Source: Boult Company Website, April 2024)
- HARMAN International Industries launched the JBL CLUB and Infinity Reference subwoofers. The four new models combine deep, powerful bass delivery with extreme energy efficiency to offer great sound in any vehicle audio system. (Source: HARMAN International Industries Company Website, October 2023)
Subwoofer Market Report Coverage and Deliverables
The “Subwoofer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Subwoofer market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Subwoofer market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Subwoofer market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the subwoofer market.
- Detailed company profiles.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and End-user.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The expected CAGR of the subwoofer market is 6.7%.
The key players holding majority shares in the global subwoofer market 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., JVC Kenwood Holdings Inc.
The increasing uptake of home and professional sound systems is anticipated to drive the market in the forecast period.
North America is anticipated to dominate the subwoofer market in 2023.
The growing demand in the automotive industry and increasing popularity in residential home applications and cinemas and theatres are some of the factors driving the subwoofer market.
The global subwoofer market is expected to reach US$ 1905.45 million by 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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