Home Audio Equipment - A Global Strategic Business Report

Home Audio Equipment - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Feb 17, 2017, 492 Pages
US$4,950.00
GIA-MCP1054

This report analyzes the worldwide markets for Home Audio Equipment in US$ Thousand and Thousand Units by the following Product Segments: Home Audio Systems, Home Audio Components, Home Theater in a Box (HTiB), and Home Radios. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 119 companies including many key and niche players such as -

Bose Corporation
Boston Acoustics
Bowers & Wilkins
Creative Technologies, Ltd.
Denon Electronics (USA), LLC

Home Audio Equipment - Global Strategic Business Report
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       1. Home Audio Systems                                            I-3
       2. Home Audio Components                                         I-3
       3. Home Theater in a Box (HTiB)                                  I-4
       4. Home Radios                                                   I-4


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      A Quick Market Primer                                             II-1
       Product Innovations and Latest Technologies to Drive Home
        Audio Equipment Market                                          II-1
       Home Theater-In-a-Box Holds Strong Potential for Growth          II-3
      Unit Shipments for Home Audio Systems and HTiB                    II-3
      Home Audio Equipment Market Witnesses Resurgence                  II-4
      Emerging Segments                                                 II-5
      Millennials Uplift New and Advanced Trends for Home Audio
       Technology                                                       II-5
       Floor-Standing Speakers                                          II-6
       Type-C USB Connector                                             II-6
       Ultra HD Premium Badge                                           II-6
       4K Blu-ray                                                       II-6
      Product Factors Influencing the Market                            II-6
      A Peek into Consumer Behavior                                     II-7
       Buyer Behavior towards Audio Systems                             II-7
       Types of Home-Theater Consumers                                  II-7
        First-Time Buyers                                               II-7
        Do-it-Yourselfers                                               II-7
        Old Component Owners                                            II-7
      Competitive Landscape                                             II-8

  2. MARKET TRENDS AND GROWTH DRIVERS                                   II-9
      Demand for High Quality Audio Systems on the Rise                 II-9
      Technological Advancements Catalyzes Growth in Home Audio and
       Theater Market                                                   II-9
      Alternate Home Audio Solutions Gather Momentum                    II-10
      Future Remains Optimistic for Wireless Home Sound Systems         II-10
       Devices with Wireless Connectivity to Boost Home Audio Market    II-11
       New Products Swamp Wireless Home Audio System Market             II-11
       Select Wireless Technology Trends Changing the Audio
        Equipment Landscape                                             II-12
        Bluetooth Adds a Zing Factor to Home Audio                      II-12
        AirPlay Revolutionizes Consumer Audio                           II-12
        Home Theater Systems go Wireless                                II-13
         Formation of RF4CE                                             II-13
        Problem Facing Wireless Components                              II-13
      Networking: A Prolific Aspect of Home Audio Equipment             II-14
      Innovative Music Storage Options to Phase-Out Compact Disc
       Concept                                                          II-14
      Digital Living Room - A Key Growth Driver                         II-14
      Music Industry Adopts Significant Changes to Adapt to
       Technological Changes                                            II-14
      Price Deflation - An Endemic Feature of Consumer Electronics
       Industry                                                         II-15
      Free and Low Cost Alternatives Threaten Home Audio Equipment
       Market                                                           II-15
      Product Differentiation is the Success Story                      II-16
      Soundbar Demand to See an Upswing                                 II-16
      Component Speakers Adapting to Challenging Market Scenario        II-16
      Challenges Abound in Feature-Rich AV Receivers Market             II-17
      iPod Docks Come of Age                                            II-18
      Conventional Speakers Shrink in Size, Expand in Fidelity          II-18
      Alternative Technologies Thwart Popularity of Radio               II-18
      Digital Radios Register Strong Growth                             II-18
      Internet Radio Popularity Grows                                   II-19
      HD Audio Systems Enhance Internet Content                         II-19
      Satellite Boomboxes Hit the Market                                II-19
      Music Apps Revolutionizing Home Audio Market                      II-20
      Digital Room Acoustic Correction Offer Superior Listening
       Experience                                                       II-20
      Home Theater Systems Recreates Desirable Environment to
       Enhance User Experience                                          II-20
      Loudspeakers Rise in Popularity                                   II-20
      Innovation in Full Swing in the HTiB Market                       II-21
      Home Theater Market Slated to Register Steady Growth              II-22
       4K with HDR                                                      II-22
       Floor-Standing Tower Speakers Gaining Space                      II-22
       Soundbars                                                        II-23
       Ultimate Remotes                                                 II-23
       Development of Multi-screen Environment                          II-23
       Better Wired and Wireless Home Network - Smarter TVs             II-24
       Home Theater with Social Networking Capabilities                 II-24
       Move towards Hybrid Approach                                     II-24
       Declining Price of Home Theater Products                         II-24
      The Next Generation of Portable Hi-Fi Sound Systems               II-24
      Major Design Trends in Home Theaters                              II-25
       Multiple Screen Trend Here to Stay in Home and Professional
        Market                                                          II-25
       Hidden Equipment                                                 II-26
       Bigger Home Theaters Attracts Consumers Inclination              II-26
       Multipurpose Rooms                                               II-27
       Secondary Theaters                                               II-27
      High-Res Audio: Key Trends                                        II-27
       Smart Phones Playback High Resolution Audios                     II-27
       Wireless High Resolution Audio                                   II-28
       Availability of High Resolution Audio Increases                  II-28
       Multi Room, Seamless, Audio Streaming Experience                 II-28
       Conversion of Vinyl Records into High Resolution Audio Trending  II-28

  3. ACOUSTICS - TECHNOLOGICAL INNOVATIONS AND RESEARCH & DEVELOPMENT   II-29
      Audio for the Telecommunications Field                            II-29
      Importance of Audio Forensics in Investigations and Law           II-29
      Audio Signals’ Coding                                             II-30
       Evolution of Coder Structure                                     II-30
       Integrated Speech and Audio Codec                                II-31
       Coding of Immersive or 3D Audio                                  II-31
      Binaural Rendering on the Headphones                              II-31
       Addressing Variable Transmission Channel Capacity                II-31
      Head-related Impulse Responses - a New Era of Audio Simulation
       and Processing                                                   II-32
       Innovations in Spatial Audio Coding Drives Segment Forward       II-32
       Physical Aspects of Loudspeakers                                 II-32
       Demand for Spatial Audio in Mobile Apps Drives Segment           II-33
       Heavy Research on Synthesis of Audio Fields Gains Traction       II-33
       Novel Technologies Propel Development of Aural Content
        Production                                                      II-33
       Immersive Audio Expands Geographic Presence of Digital
        Broadcasting                                                    II-33
       New Broadcasting Technologies Mushrooming Globally               II-34
       Signal Distribution via Internet Streaming - Now Trending        II-34
       Semantic Sound Analysis Opens up New Opportunities               II-34
       On-Demand Music Streaming Gains Traction                         II-34
       Use of Source Separation Methods to Decipher Signals             II-34
       Multiple Applications of Semantic Tools Push Segment Forward     II-35
       Innovations in Semantic Analysis                                 II-35
      Microphones and Technology                                        II-35
       Transducer Technology                                            II-35
       MEMS                                                             II-35
       Laser Technology                                                 II-36
       Ultrasonics                                                      II-36
       Optical Wave Microphone                                          II-36
       Membrane Material                                                II-36
       Microphones and Directivity                                      II-36
       Multichannel Microphones                                         II-36
       Microphone for 22.2 Multichannel Audio                           II-37
       Digital Adaptation of Microphone Technology: The Need of the
        Hour                                                            II-37
       Microphones and IP                                               II-37
       Standards                                                        II-37
       Materials                                                        II-37
      Signal Processing for Audio: An Evolving One                      II-37
      Network Audio Systems: Standards and Associations                 II-39
       AES67                                                            II-39
       MNA                                                              II-39
       AVB                                                              II-39
       ACIP2                                                            II-40
       JT-NM                                                            II-40
       Internet Performance                                             II-40
       Lip Sync Standard                                                II-40
      Hearing Loss, Causes and Prevention - A Complementary Review      II-40
       Audio Engineering Society Technical Committee (AESTC) Mission    II-40
       Hearing Testing and Diagnosis                                    II-41
       Hearing Loss-Types, Causes and Emerging Treatments               II-41
        Sensorineural Hearing Loss                                      II-41
       Prevention of Hearing Loss                                       II-42
       Emerging Trends in High Resolution Audio                         II-42
       Latest Developments in the Distribution of HRA Files             II-43
       Advancements in Signal Processing, Filters and Converters        II-43
      Innovations in Hearing & Hearing Loss Prevention                  II-43
       Spatial Audio                                                    II-43
       Object-oriented Audio                                            II-44
       Scene-oriented Audio                                             II-44
       Hybrid Content Delivery                                          II-44

  4. PRODUCT OVERVIEW                                                   II-45
      Product Segments                                                  II-45
       Home Audio Systems                                               II-45
        Compact Audio Systems                                           II-45
         MP3                                                            II-45
         Compact Systems with Home Theater Surround Sound               II-45
        Eye Appeal Drives Microsystems                                  II-45
         Rack Systems                                                   II-46
         Cassette Deck                                                  II-46
         Principle of Operation                                         II-46
         Bias                                                           II-46
         Equalization                                                   II-46
         Motor                                                          II-46
         Tape Head                                                      II-46
         Wow and Flutter                                                II-47
         Dolby Noise Reduction                                          II-47
         Types of Dolby Noise Reduction                                 II-47
          Dolby A                                                       II-47
          Dolby B and C                                                 II-47
          Dolby S                                                       II-47
       Home Audio Components                                            II-48
        Traditional Separate Components to Keep Pace with Digital Era   II-48
        Upgrades to Check Obsolescence                                  II-48
        Frequency Response Range of Audio Products                      II-49
        CD Players                                                      II-49
         CD-Recorders and ‘Mega’ Changers Lead the Way                  II-49
         Technological Journey of CD Players                            II-49
         Awave ACDR                                                     II-50
          Features                                                      II-50
        Video DVD Players                                               II-50
        Audio & Video DVD Players                                       II-50
        Audio DVD Players                                               II-50
        CD Audio Players                                                II-50
        Mini Disc Players                                               II-51
        Home Speakers                                                   II-51
         Development of Home Friendly Speakers                          II-51
         Subwoofers                                                     II-51
         Speaker Designs                                                II-52
        Receivers                                                       II-52
         Stereo Receivers                                               II-53
        Amplifiers                                                      II-53
        Surround Processor                                              II-53
        Set-Top Boxes                                                   II-53
        Microphones                                                     II-54
       Home Theater in a Box (HTiB)                                     II-54
        Audio/Video Receiver Acts as Control Center                     II-55
        Multiple Speakers Impart Rich, Room-Filling Sound               II-55
        Conversion of Old Entertainment Components into a Home-Theater  II-55
        Room Type and Size is not a Limiting Factor for Home Theater
         Sound                                                          II-56
        The Need for Home-Theater-in-a-Box                              II-56
        Home-Theater-in-a-Box Systems                                   II-56
       Home Radio                                                       II-56
        Discovery of Radio                                              II-56
        Internet Radios                                                 II-57
        Customer Base                                                   II-57
        Satellite Radio Services for Home Users                         II-57

  5. DISTRIBUTION                                                       II-58
      Specialty Stores                                                  II-58
      Department Stores, Discount Stores or Catalog Showrooms           II-58
      Manufacturers to Gain Direct Access to Consumers through
       Internet Distribution                                            II-58
      Traditional Retailer Services Continue to Play Crucial Role       II-58

  6. PRODUCT INNOVATIONS/INTRODUCTIONS                                  II-59
      Yamaha Expands High-Performance Audio Products Lineup
       Featuring MusicCast Wireless Multiroom-Audio Technology          II-59
      Sonos® Unveils Voice Control and Partner App Integrations for
       Enhanced Connected Home Experiences                              II-59
      Klipsch® Showcases Line of Dynamic Landscape Speakers and
       Stream Wireless Multi-Room Audio System                          II-59
      VIZIO Launches Set of Multi-Room Speakers for Whole Home Audio    II-59
      Creative Technology Launches Creative iRoar™ Go Portable
       Bluetooth Speaker                                                II-59
      Creative Technology Launches Creative MUVO 2 Series High-
       Performance Speakers                                             II-59
      Denon® Unveils World’s First Denon Network AV Receivers with
       HEOS Technology Integration                                      II-60
      Samsung Electronics to Unveil Soundbar featuring Dolby Atmos®
       Technology and an Improved ‘Samsung Multiroom’ Mobile
        Application                                                     II-60
      Creative Technology Launches Sound BlasterX Pro-Gaming Series     II-60
      SONY Unveils GT4D and V44D Advanced Home Audio Systems in India   II-60
      Yamaha Launches YSP-2700 MusicCast Sound Bar with Wireless
       Subwoofer                                                        II-60
      LG Electronics Introduces LG Wireless Portable Speaker Art
       Series by JonOne                                                 II-60
      Denon Augments Network AV Receiver X Series Portfolio with
       AVR-X3300W                                                       II-60
      Yamaha Launches the Premium AVENTAGE RX-A 60 Series Network AV
       Receivers                                                        II-61
      Denon Adds Network X-Series AV Receiver Models, AVR-X1300W and
       AVR-X2300W                                                       II-61
      Panasonic Launches 2016 Line-up of Home Audio Systems             II-61
      Denon Launches Network S-Series AV Receiver Models, AVR-S720W
       and AVR-S920W                                                    II-61
      Yamaha Offers Elevated Cinema Experience with Launch of RX-
       V381 5.1-Channel AV Receiver                                     II-61
      McIntosh Introduces Three New Advanced Products, the MX122 A/V
       Processor, MB50 Streaming Audio Player and RS100 Wireless
        Loudspeaker                                                     II-61
      Creative Technology Launches Sound Blaster Roar Pro with
       Wireless Personal PA System Compatibility                        II-61
      Klipsch Launches Reference Premiere HD Wireless Speakers          II-62
      Denon Electronics Releases DTS:X, Free-of-Charge to the First
       Line of Network A/V Receivers                                    II-62
      Yamaha Introduces R-N602 Network Hi-Fi Receiver with Unmatched
       Connectivity to Any Source                                       II-62
      Klipsch Launches Klipsch® Groove® Ultra-Portable Bluetooth®
       Speaker                                                          II-62
      Yamaha Releases YSP-5600, the First Sound Bar to Feature Dolby
       Atmos Technology                                                 II-62
      Creative Launches Creative Woof 3, a Micro-Size Bluetooth
       Speaker for Lovers of Loud Music On The Go                       II-62
      HARMAN Introduces JBL Boost TV, an Ultra-Compact TV Sound System  II-63
      Samsung Unveils R5, R3 and R1 Models of Wireless Audio 360
       Speaker Range                                                    II-63
      LG Electronics Extends Wireless Audio Range with Two Bluetooth
       Speakers                                                         II-63
      Creative Technology Launches Sound Blaster® Roar 2, the
       Portable Bluetooth® Wireless Speaker                             II-63
      Yamaha Unveils Design-Savvy Compact Audio Systems, TSX-B141
       and TSX-B235                                                     II-63
      Denon Launches AVR-X4200W and AVR-X3200W Network A/V Receivers    II-63
      Klipsch Launches KI Series II Permanent Installation Speakers
       for Sound Reinforcement Market                                   II-63
      Yamaha Expands Premium AVENTAGE Network AV Receivers that
       Enhance Music Experience                                         II-64
      Denon® Electronics Launches HEOS HomeCinema Wireless Soundbar
       and Subwoofer System                                             II-64
      Denon® Electronics Unveils AVR-S510BT 5.2-Channel Full 4K
       Ultra HD A/V Receiver                                            II-64
      LG Electronics to Introduce Music Flow, a Smart Hi-Fi Audio
       System to Offer Google Cast                                      II-64
      Creative Technology Launches the E-MU® XM7, Advanced Passive
       Bookshelf Speakers                                               II-64
      Acoustic Research Launches Indoor/Outdoor Speakers to Expand
       Speaker Series                                                   II-64
      Klipsch Unveils Reference Premiere Wireless Home Theater Speakers II-64
      LG Electronics to Unveil Music Flow Wi-Fi Series Lineup           II-65
      Denon Unveils New Hi-Fi Series, the PMA-50 Stereo Amplifier       II-65
      Klipsch Launches Three Reference High-Performance Subwoofers,
       R-110SW, R-112SW, and R-115SW                                    II-65
      Creative Technology Launches Creative MUVO™ mini, a NFC
       Bluetooth Portable Wireless Speaker                              II-65
      Panasonic Consumer Electronics Introduces SC-ALL Series, a
       Multi-Room Speaker System with AllPlay                           II-65
      Bose Launches Centerpoint® Surround Sound System                  II-65
      Grace Digital Introduces Encore Stereo Wi-Fi Music System         II-66
      Ocean Way Audio Rolls Out Montecito Reference Loudspeaker System  II-66
      Procella Audio Unveils P6iW In-Wall Speaker                       II-66
      Peerless-AV Launches PeerSound™ WirelessAudio System              II-66
      Audio-Technica Showcases ATR 7000 Series Consumer Wireless
       Microphone Systems                                               II-66
      Cerwin-Vega! Launches its New SL Series Home Audio System         II-66
      Qualcomm Reveals Commercial Availability of the AllPlay™ Smart
       Media Platform                                                   II-66
      Philips Launches the Stylish New E-Series Home Cinema Audio
       System                                                           II-66
      Sharp Introduces Novel Home Audio Products                        II-67
      Bowers & Wilkins Launches 600 Series Sound Systems                II-67
      CSR Unveils VibeHub platform                                      II-67
      Genelec Showcases G Series Loudspeakers and F Series Subwoofers   II-67
      LG Launches LG SoundPlate and LG Audio System                     II-67
      Samsung to launch Range of Home Entertainment Devices             II-67

  7. RECENT INDUSTRY ACTIVITY                                           II-68
      Samsung Electronics to Acquire HARMAN                             II-68
      Yamaha Collaborates with Control4 and RTI, Leading Home-
       Automation Companies                                             II-68
      DTS Announces Pioneer and Onkyo as Newest Hardware Partners in
       DTS Play-Fi®                                                     II-68
      Crestron Partners Sonos to Seamlessly Integrate Crestron Home
       Automation Systems with the Sonos App                            II-68
      DTS and Paramount Sign Agreement to Release Home Entertainment
       Titles with DTS:X Soundtrack                                     II-68
      Bose and Flex Sign Agreement to Expand Existing Strategic
       Partnership                                                      II-68
      Dirac Research Signs Agreement with Pioneer to Deliver
       Superior Audio Solutions to Japanese OEM’s                       II-69
      K-array Sound Systems Signs Distribution Agreement with Procom
       Middle East                                                      II-69
      Frontier Silicon Signs Co-Development Agreement with Google
       for Cast-for-Audio Technology                                    II-69
      Onkyo and WOOX Innovations Sign Product Development and
       Distribution Partnership                                         II-69
      Primax Acquires Majority Stake in Tymphany HK                     II-69
      Cabasse and Onkyo Sign Distribution Agreement for Cabasse hi-
       fi Loudspeaker Systems in the US and Japan                       II-69
      MTX Home Audio Signs Distribution Agreement with Petra Industries II-69

  8. FOCUS ON SELECT PLAYERS                                            II-70
      Bose Corporation (US)                                             II-70
      Boston Acoustics (US)                                             II-70
      Bowers & Wilkins (UK)                                             II-70
      Creative Technologies, Ltd. (Singapore)                           II-70
      Denon Electronics (USA), LLC (US)                                 II-71
      Harman International Industries, Inc. (US)                        II-71
      JVCKENWOOD USA Corporation (US)                                   II-71
      LG Electronics (South Korea)                                      II-72
      Nakamichi Corporation (Japan)                                     II-72
      Panasonic Corporation (Japan)                                     II-72
      Polk Audio (US)                                                   II-73
      Samsung Group (South Korea)                                       II-73
       Samsung Electronics Co., Ltd. (South Korea)                      II-73
      Sharp Corporation (Japan)                                         II-74
      Sonos, Inc. (US)                                                  II-74
      Sony Corporation (Japan)                                          II-74
      Velodyne Acoustics, Inc. (US)                                     II-74
      VIZIO, Inc. (US)                                                  II-75
      VOXX International Corporation (US)                               II-75
       Klipsch Group, Inc. (US)                                         II-75
      Yamaha Corporation (Japan)                                        II-76
       Yamaha Corporation of America (US)                               II-76

  9. GLOBAL MARKET PERSPECTIVE                                          II-77
      Global Home Audio Equipment Market: Value Analytics               II-77
       Table 1: World Recent Past, Current & Future Analysis for
       Home Audio Equipment by Geographic Region - US, Canada,
       Japan, Europe, Asia-Pacific (excluding Japan), Middle East &
       Africa, and Latin American Markets Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2015
       through 2022 (includes corresponding Graph/Chart)                II-77

       Table 2: World Historic Review for Home Audio Equipment by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa, and Latin American
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Thousand for Years 2009 through 2014 (includes
       corresponding Graph/Chart)                                       II-78

       Table 3: World 14-Year Perspective for Home Audio Equipment
       by Geographic Region - Percentage Breakdown of Dollar Sales
       for US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa, and Latin American Markets for
       Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)     II-79

       Table 4: World Recent Past, Current & Future Analysis for
       Home Audio Systems by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
       and Latin American Markets Independently Analyzed with Annual
       Sales Figures in US$ Thousand for Years 2015 through 2022
       (includes corresponding Graph/Chart)                             II-80

       Table 5: World Historic Review for Home Audio Systems by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa, and Latin American
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Thousand for Years 2009 through 2014 (includes
       corresponding Graph/Chart)                                       II-81

       Table 6: World 14-Year Perspective for Home Audio Systems by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa, and Latin American Markets for Years
       2009, 2016 & 2022 (includes corresponding Graph/Chart)           II-82

       Table 7: World Recent Past, Current & Future Analysis for
       Home Audio Components by Geographic Region - US, Canada,
       Japan, Europe, Asia-Pacific (excluding Japan), Middle East &
       Africa, and Latin American Markets Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2015
       through 2022 (includes corresponding Graph/Chart)                II-83

       Table 8: World Historic Review for Home Audio Components by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa, and Latin American
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Thousand for Years 2009 through 2014 (includes
       corresponding Graph/Chart)                                       II-84

       Table 9: World 14-Year Perspective for Home Audio Components
       by Geographic Region - Percentage Breakdown of Dollar Sales
       for US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa, and Latin American Markets for
       Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)     II-85

       Table 10: World Recent Past, Current & Future Analysis for
       Home Theater in a Box by Geographic Region - US, Canada,
       Japan, Europe, Asia-Pacific (excluding Japan), Middle East &
       Africa, and Latin American Markets Independently Analyzed
       with Annual Sales Figures in US$ Thousand for Years 2015
       through 2022 (includes corresponding Graph/Chart)                II-86

       Table 11: World Historic Review for Home Theater in a Box by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa, and Latin American
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Thousand for Years 2009 through 2014 (includes
       corresponding Graph/Chart)                                       II-87

       Table 12: World 14-Year Perspective for Home Theater in a Box
       by Geographic Region - Percentage Breakdown of Dollar Sales
       for US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa, and Latin American Markets for
       Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)     II-88

       Table 13: World Recent Past, Current & Future Analysis for
       Home Radios by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa, and
       Latin American Markets Independently Analyzed with Annual
       Sales Figures in US$ Thousand for Years 2015 through 2022
       (includes corresponding Graph/Chart)                             II-89

       Table 14: World Historic Review for Home Radios by Geographic
       Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa, and Latin American Markets
       Independently Analyzed with Annual Sales Figures in US$
       Thousand for Years 2009 through 2014 (includes corresponding
       Graph/Chart)                                                     II-90

       Table 15: World 14-Year Perspective for Home Radios by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa, and Latin American Markets for Years
       2009, 2016 & 2022 (includes corresponding Graph/Chart)           II-91
      Global Market for Home Audio Systems and HTiB: Volume Analytics   II-92
       Table 16: World Recent Past, Current & Future Analysis for
       Home Audio Systems and Home Theater in a Box (HTiB) by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa, and Latin American
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2015 through 2022 (includes
       corresponding Graph/Chart)                                       II-92

       Table 17: World Historic Review for Home Audio Systems and
       Home Theater in a Box (HTiB) by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa, and Latin American Markets Independently
       Analyzed with Annual Sales Figures in Thousand Units for
       Years 2009 through 2014 (includes corresponding Graph/Chart)     II-93

       Table 18: World 14-Year Perspective for Home Audio Systems
       and Home Theater in a Box (HTiB) by Geographic Region -
       Percentage Breakdown of Unit Sales for US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
       and Latin American Markets for Years 2009, 2016 & 2022
       (includes corresponding Graph/Chart)                             II-94

       Table 19: World Recent Past, Current & Future Analysis for
       Home Audio Systems by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa,
       and Latin American Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2015 through 2022
       (includes corresponding Graph/Chart)                             II-95

       Table 20: World Historic Review for Home Audio Systems by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa, and Latin American
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2009 through 2014 (includes
       corresponding Graph/Chart)                                       II-96

       Table 21: World 14-Year Perspective for Home Audio Systems by
       Geographic Region - Percentage Breakdown of Unit Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa, and Latin American Markets for Years
       2009, 2016 & 2022 (includes corresponding Graph/Chart)           II-97

       Table 22: World Recent Past, Current & Future Analysis for
       Home Theater in a Box (HTiB) by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa, and Latin American Markets Independently
       Analyzed with Annual Sales Figures in Thousand Units for
       Years 2015 through 2022 (includes corresponding Graph/Chart)     II-98

       Table 23: World Historic Review for Home Theater in a Box
       (HTiB) by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa, and
       Latin American Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2009 through 2014
       (includes corresponding Graph/Chart)                             II-99

       Table 24: World 14-Year Perspective for Home Theater in a Box
       (HTiB) by Geographic Region - Percentage Breakdown of Unit
       Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa, and Latin American Markets for
       Years 2009, 2016 & 2022 (includes corresponding Graph/Chart)     II-100


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current & Future Analysis                                       III-1
        Market Primer                                                   III-1
         Table 25: Home Audio Component Market in the US (2015):
         Percentage Breakdown of Revenues by Category - Component
         Speakers, Home Receivers and Other Components (includes
         corresponding Graph/Chart)                                     III-1

         Table 26: US AV Receivers Market (2015): Percentage
         Breakdown of Unit Shipments by Price Range (includes
         corresponding Graph/Chart)                                     III-2
        Home Audio Equipment Market - Recession and Thereafter          III-2
        eTailers Gain Strong Foothold in the Fragmented Market          III-2
        Soundbars on a Roll                                             III-2
        Market for Home Theater in a Box                                III-3
        Unprecedented Advancements in the Home Theater and Audio
         Industry                                                       III-3
         Portable Hi-Fi Headphones Produce Lifelike Sound               III-4
         Wireless Technology to Eliminate System Wires                  III-4
         Advanced Streaming Platforms                                   III-4
        Major Home Theater Trends                                       III-4
         The Home Theater System                                        III-4
         Home Theater Projectors                                        III-4
         Home Theater A/V Receivers                                     III-5
         Home Theater Speakers                                          III-5
         Home Theater Seating                                           III-5
        Growth Drivers                                                  III-5
         Networked Home Audio Products Lure Consumers                   III-5
         DVD Player - The American Favorite                             III-6
         Attractive Designs Fuel Microsystems Sales                     III-6
         Drivers for Audio Components Market                            III-6
         Customizable Music Mixes Fuel Industry Growth                  III-6
         College Students: The Influential Buying Group                 III-6
        Competitive Analysis                                            III-7
         Top 5 Brands in the Home Audio Equipment Market in the US
          (2013): Ranked on the Basis of Market Share                   III-7
         Audio Retailers Target HTiB, 2-Channel Systems for Better
          Gains                                                         III-7
          Top 5 Home Audio Equipment Retailers (2013): Ranked on the
           Basis of Market Share                                        III-8
        Product Innovations/Launches                                    III-8
        Strategic Corporate Developments                                III-13
        Key Players                                                     III-15
      B.Market Analytics                                                III-19
        US Home Audio Equipment Market: Value Analytics                 III-19
         Table 27: US Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-19

         Table 28: US Historic Review for Home Audio Equipment by
         Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-20

         Table 29: US 14-Year Perspective for Home Audio Equipment
         by Product Segment - Percentage Breakdown of Dollar Sales
         for Home Audio Systems, Home Audio Components, Home Theater
         in a Box and Home Radios Markets for Years 2009, 2016 &
         2022 (includes corresponding Graph/Chart)                      III-21
        US Market for Home Audio Systems and HTiB: Volume Analytics     III-22
         Table 30: US Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-22

         Table 31: US Historic Review for Home Audio Equipment by
         Product Segment - Home Audio Systems and Home Theater in a
         Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-23

         Table 32: US 14-Year Perspective for Home Audio Equipment
         by Product Segment - Percentage Breakdown of Unit Sales for
         Home Audio Systems and Home Theater in a Box Markets for
         Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-24

  2. CANADA                                                             III-25
      A.Market Analysis                                                 III-25
        Current & Future Analysis                                       III-25
      B.Market Analytics                                                III-26
        Canadian Home Audio Equipment Market: Value Analytics           III-26
         Table 33: Canadian Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-26

         Table 34: Canadian Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-27

         Table 35: Canadian 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-28
        Canadian Market for Home Audio Systems and HTiB: Volume
         Analytics                                                      III-29
         Table 36: Canadian Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-29

         Table 37: Canadian Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-30

         Table 38: Canadian 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-31

  3. JAPAN                                                              III-32
      A.Market Analysis                                                 III-32
        Current & Future Analysis                                       III-32
        Mixed Growth Patterns on Cards                                  III-32
        Japanese Manufacturers Shift Production Bases                   III-32
        Digital TV Manufacturers Taking Dip into Home Audio Market      III-33
        Rising Popularity Intensifies Competition in the Soundbars
         Market                                                         III-33
        Export & Import Notes                                           III-33
        Product Innovation/Launch                                       III-34
        Strategic Corporate Developments                                III-34
        Key Players                                                     III-34
      B.Market Analytics                                                III-37
        Japanese Home Audio Equipment Market: Value Analytics           III-37
         Table 39: Japanese Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-37

         Table 40: Japanese Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-38

         Table 41: Japanese 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-39
        Japanese Market for Home Audio Systems and HTiB: Volume
         Analytics                                                      III-40
         Table 42: Japanese Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-40

         Table 43: Japanese Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-41

         Table 44: Japanese 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-42

  4. EUROPE                                                             III-43
      A.Market Analysis                                                 III-43
        Current & Future Analysis                                       III-43
        Market for Home Audio Systems and HTiB                          III-43
        “Digitalization” Is the Name of the Game                        III-43
        A Gloomy Outlook for the Soundbar Demand in Europe              III-44
        Regulations in European Union                                   III-44
        Effect of the Eurozone Crisis on the Home Audio Equipment
         Market                                                         III-44
      B.Market Analytics                                                III-45
        European Home Audio Equipment Market: Value Analytics           III-45
         Table 45: European Recent Past, Current & Future Analysis
         for Home Audio Equipment by Geographic Region - France,
         Germany, Italy, UK, Spain, Russia and Rest of Europe
         Markets Independently Analyzed with Annual Sales Figures in
         US$ Thousand for Years 2015 through 2022 (includes
         corresponding Graph/Chart)                                     III-45

         Table 46: European Historic Review for Home Audio Equipment
         by Geographic Region - France, Germany, Italy, UK, Spain,
         Russia and Rest of Europe Markets Independently Analyzed
         with Annual Sales Figures in US$ Thousand for Years 2009
         through 2014 (includes corresponding Graph/Chart)              III-46

         Table 47: European 14-Year Perspective for Home Audio
         Equipment by Geographic Region - Percentage Breakdown of
         Dollar Sales for France, Germany, Italy, UK, Spain, Russia
         and Rest of Europe Markets for Years 2009, 2016 & 2022
         (includes corresponding Graph/Chart)                           III-47

         Table 48: European Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-48

         Table 49: European Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-49

         Table 50: European 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-50
        European Market for Home Audio Systems and HTiB: Volume
         Analytics                                                      III-51
         Table 51: European Recent Past, Current & Future Analysis
         for Home Audio Systems and Home Theater in a Box (HTiB) by
         Geographic Region - France, Germany, Italy, UK, Spain,
         Russia and Rest of Europe Markets Independently Analyzed
         with Annual Sales Figures in Thousand Units for Years 2015
         through 2022 (includes corresponding Graph/Chart)              III-51

         Table 52: European Historic Review for Home Audio Systems
         and Home Theater in a Box (HTiB) by Geographic Region -
         France, Germany, Italy, UK, Spain, Russia and Rest of
         Europe Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-52

         Table 53: European 14-Year Perspective for Home Audio
         Systems and Home Theater in a Box (HTiB) by Geographic
         Region - Percentage Breakdown of Unit Sales for France,
         Germany, Italy, UK, Spain, Russia and Rest of Europe
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-53

         Table 54: European Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-54

         Table 55: European Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-55

         Table 56: European 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-56

  4a. France                                                            III-57
      A.Market Analysis                                                 III-57
        Current & Future Analysis                                       III-57
      B.Market Analytics                                                III-58
        French Home Audio Equipment Market: Value Analytics             III-58
         Table 57: French Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-58

         Table 58: French Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-59

         Table 59: French 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-60
        French Market for Home Audio Systems and HTiB: Volume Analytics III-61
         Table 60: French Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-61

         Table 61: French Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-62

         Table 62: French 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-63

  4b. Germany                                                           III-64
      A.Market Analysis                                                 III-64
        Current & Future Analysis                                       III-64
        Outlook                                                         III-64
      B.Market Analytics                                                III-65
        German Home Audio Equipment Market: Value Analytics             III-65
         Table 63: German Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-65

         Table 64: German Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-66

         Table 65: German 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-67
        German Market for Home Audio Systems and HTiB: Volume Analytics III-68
         Table 66: German Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-68

         Table 67: German Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-69

         Table 68: German 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-70

  4c. Italy                                                             III-71
      A.Market Analysis                                                 III-71
        Current & Future Analysis                                       III-71
      B.Market Analytics                                                III-72
        Italian Home Audio Equipment Market: Value Analytics            III-72
         Table 69: Italian Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-72

         Table 70: Italian Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-73

         Table 71: Italian 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-74
        Italian Market for Home Audio Systems and HTiB: Volume
         Analytics                                                      III-75
         Table 72: Italian Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-75

         Table 73: Italian Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-76

         Table 74: Italian 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-77

  4d. The United Kingdom                                                III-78
      A.Market Analysis                                                 III-78
        Current & Future Analysis                                       III-78
        Product Launches                                                III-78
        Key Player                                                      III-78
      B.Market Analytics                                                III-79
        UK Home Audio Equipment Market: Value Analytics                 III-79
         Table 75: UK Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-79

         Table 76: UK Historic Review for Home Audio Equipment by
         Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-80

         Table 77: UK 14-Year Perspective for Home Audio Equipment
         by Product Segment - Percentage Breakdown of Dollar Sales
         for Home Audio Systems, Home Audio Components, Home Theater
         in a Box and Home Radios Markets for Years 2009, 2016 &
         2022 (includes corresponding Graph/Chart)                      III-81
        UK Market for Home Audio Systems and HTiB: Volume Analytics     III-82
         Table 78: UK Recent Past, Current & Future Analysis for
         Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-82

         Table 79: UK Historic Review for Home Audio Equipment by
         Product Segment - Home Audio Systems and Home Theater in a
         Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-83

         Table 80: UK 14-Year Perspective for Home Audio Equipment
         by Product Segment - Percentage Breakdown of Unit Sales for
         Home Audio Systems and Home Theater in a Box Markets for
         Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-84

  4e. Spain                                                             III-85
      A.Market Analysis                                                 III-85
        Current & Future Analysis                                       III-85
      B.Market Analytics                                                III-86
        Spanish Home Audio Equipment Market: Value Analytics            III-86
         Table 81: Spanish Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-86

         Table 82: Spanish Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-87

         Table 83: Spanish 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-88
        Spanish Market for Home Audio Systems and HTiB: Volume
         Analytics                                                      III-89
         Table 84: Spanish Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-89

         Table 85: Spanish Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-90

         Table 86: Spanish 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-91

  4f. Russia                                                            III-92
      A.Market Analysis                                                 III-92
        Current & Future Analysis                                       III-92
      B.Market Analytics                                                III-93
        Russian Home Audio Equipment Market: Value Analytics            III-93
         Table 87: Russian Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems, Home Audio Components, Home Theater in a Box and
         Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-93

         Table 88: Russian Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-94

         Table 89: Russian 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-95
        Russian Market for Home Audio Systems and HTiB: Volume
         Analytics                                                      III-96
         Table 90: Russian Recent Past, Current & Future Analysis
         for Home Audio Equipment by Product Segment - Home Audio
         Systems and Home Theater in a Box Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-96

         Table 91: Russian Historic Review for Home Audio Equipment
         by Product Segment - Home Audio Systems and Home Theater in
         a Box Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-97

         Table 92: Russian 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-98

  4g. Rest of Europe                                                    III-99
      A.Market Analysis                                                 III-99
        Current & Future Analysis                                       III-99
        Product Launch                                                  III-99
      B.Market Analytics                                                III-100
        Rest of Europe Home Audio Equipment Market: Value Analytics     III-100
         Table 93: Rest of Europe Recent Past, Current & Future
         Analysis for Home Audio Equipment by Product Segment - Home
         Audio Systems, Home Audio Components, Home Theater in a Box
         and Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-100

         Table 94: Rest of Europe Historic Review for Home Audio
         Equipment by Product Segment - Home Audio Systems, Home
         Audio Components, Home Theater in a Box and Home Radios
         Markets Independently Analyzed with Annual Sales Figures in
         US$ Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-101

         Table 95: Rest of Europe 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-102
        Rest of Europe Market for Home Audio Systems and HTiB:
         Volume Analytics                                               III-103
         Table 96: Rest of Europe Recent Past, Current & Future
         Analysis for Home Audio Equipment by Product Segment - Home
         Audio Systems and Home Theater in a Box Markets
         Independently Analyzed with Annual Sales Figures in
         Thousand Units for Years 2015 through 2022 (includes
         corresponding Graph/Chart)                                     III-103

         Table 97: Rest of Europe Historic Review for Home Audio
         Equipment by Product Segment - Home Audio Systems and Home
         Theater in a Box Markets Independently Analyzed with Annual
         Sales Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-104

         Table 98: Rest of Europe 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-105

  5. ASIA-PACIFIC                                                       III-106
      A.Market Analysis                                                 III-106
        Current & Future Analysis                                       III-106
        Market for Home Audio Systems and HTiB                          III-106
        Growing Demand for Audio Docks                                  III-107
        Focus on Select Markets                                         III-107
         China                                                          III-107
          Market Primer                                                 III-107
           Audio Equipment Production Industry Witnesses Growth         III-107
            Table 99: Audio Equipment Market in China (2015):
            Percentage Breakdown of Volume Shipments by Category
            (includes corresponding Graph/Chart)                        III-108
          Microphones: A Lucrative Component Market                     III-108
         Philippines                                                    III-108
          Market Primer                                                 III-108
         Hong Kong                                                      III-109
          Digitalization in the AV Equipment                            III-109
          AV Market Relies on Imports of Components                     III-109
          Sales Channels                                                III-109
          Market Trends                                                 III-110
           Nothing but the ‘Best’                                       III-110
           Prime Sourcing Center for Premium Products                   III-110
           Producers Shift Production Plants to Chinese Mainland        III-110
           Focus on ODM                                                 III-110
           Regulations Governing AV Equipment Trade                     III-111
           Parts and Accessories Lead Hong Kong’ A/V Exports            III-111
         India                                                          III-111
          Home Audio Market Poised for Growth                           III-111
          Low-End Audio Equipment Register Stagnant Growth              III-111
          Growing Preference for Superior Technology Products           III-112
        Product Launches                                                III-112
        Strategic Corporate Development                                 III-115
        Key Players                                                     III-115
      B.Market Analytics                                                III-117
        Asia-Pacific Home Audio Equipment Market: Value Analytics       III-117
         Table 100: Asia-Pacific Recent Past, Current & Future
         Analysis for Home Audio Equipment by Geographic Region -
         China, India and Rest of Asia-Pacific Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-117

         Table 101: Asia-Pacific Historic Review for Home Audio
         Equipment by Geographic Region - China, India and Rest of
         Asia-Pacific Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-118

         Table 102: Asia-Pacific 14-Year Perspective for Home Audio
         Equipment by Geographic Region - Percentage Breakdown of
         Dollar Sales for China, India and Rest of Asia-Pacific
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-119

         Table 103: Asia-Pacific Recent Past, Current & Future
         Analysis for Home Audio Equipment by Product Segment - Home
         Audio Systems, Home Audio Components, Home Theater in a Box
         and Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-120

         Table 104: Asia-Pacific Historic Review for Home Audio
         Equipment by Product Segment - Home Audio Systems, Home
         Audio Components, Home Theater in a Box and Home Radios
         Markets Independently Analyzed with Annual Sales Figures in
         US$ Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-121

         Table 105: Asia-Pacific 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of
         Dollar Sales for Home Audio Systems, Home Audio Components,
         Home Theater in a Box and Home Radios Markets for Years
         2009, 2016 & 2022 (includes corresponding Graph/Chart)         III-122
        Asia-Pacific Market for Home Audio Systems and HTiB: Volume
         Analytics                                                      III-123
         Table 106: Asia-Pacific Recent Past, Current & Future
         Analysis for Home Audio Equipment by Geographic Region -
         China, India and Rest of Asia-Pacific Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-123

         Table 107: Asia-Pacific Historic Review for Home Audio
         Equipment by Geographic Region - China, India and Rest of
         Asia-Pacific Markets Independently Analyzed with Annual
         Sales Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-124

         Table 108: Asia-Pacific 14-Year Perspective for Home Audio
         Equipment by Geographic Region - Percentage Breakdown of
         Unit Sales for China, India and Rest of Asia-Pacific
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-125

         Table 109: Asia-Pacific Recent Past, Current & Future
         Analysis for Home Audio Equipment by Product Segment - Home
         Audio Systems and Home Theater in a Box Markets
         Independently Analyzed with Annual Sales Figures in
         Thousand Units for Years 2015 through 2022 (includes
         corresponding Graph/Chart)                                     III-126

         Table 110: Asia-Pacific Historic Review for Home Audio
         Equipment by Product Segment - Home Audio Systems and Home
         Theater in a Box Markets Independently Analyzed with Annual
         Sales Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-127

         Table 111: Asia-Pacific 14-Year Perspective for Home Audio
         Equipment by Product Segment - Percentage Breakdown of Unit
         Sales for Home Audio Systems and Home Theater in a Box
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-128

  6. MIDDLE EAST AND AFRICA                                             III-129
      A.Market Analysis                                                 III-129
        Current & Future Analysis                                       III-129
        Market Snapshots                                                III-129
        Strategic Corporate Development                                 III-129
      B.Market Analytics                                                III-130
        Middle East & Africa Home Audio Equipment Market: Value
         Analytics                                                      III-130
         Table 112: Middle East & Africa Recent Past, Current &
         Future Analysis for Home Audio Equipment by Product Segment - 
         Home Audio Systems, Home Audio Components, Home Theater
         in a Box and Home Radios Markets Independently Analyzed
         with Annual Sales Figures in US$ Thousand for Years 2015
         through 2022 (includes corresponding Graph/Chart)              III-130

         Table 113: Middle East & Africa Historic Review for Home
         Audio Equipment by Product Segment - Home Audio Systems,
         Home Audio Components, Home Theater in a Box and Home
         Radios Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-131

         Table 114: Middle East & Africa 14-Year Perspective for
         Home Audio Equipment by Product Segment - Percentage
         Breakdown of Dollar Sales for Home Audio Systems, Home
         Audio Components, Home Theater in a Box and Home Radios
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-132
        Middle East & African Market for Home Audio Systems and
         HTiB: Volume Analytics                                         III-133
         Table 115: Middle East & Africa Recent Past, Current &
         Future Analysis for Home Audio Equipment by Product Segment - 
         Home Audio Systems and Home Theater in a Box Markets
         Independently Analyzed with Annual Sales Figures in
         Thousand Units for Years 2015 through 2022 (includes
         corresponding Graph/Chart)                                     III-133

         Table 116: Middle East & Africa Historic Review for Home
         Audio Equipment by Product Segment - Home Audio Systems and
         Home Theater in a Box Markets Independently Analyzed with
         Annual Sales Figures in Thousand Units for Years 2009
         through 2014 (includes corresponding Graph/Chart)              III-134

         Table 117: Middle East & Africa 14-Year Perspective for
         Home Audio Equipment by Product Segment - Percentage
         Breakdown of Unit Sales for Home Audio Systems and Home
         Theater in a Box Markets for Years 2009, 2016 & 2022
         (includes corresponding Graph/Chart)                           III-135

  7. LATIN AMERICA                                                      III-136
      A.Market Analysis                                                 III-136
        Current & Future Analysis                                       III-136
        Market for Home Audio Systems and HTiB                          III-136
        A Peek into the Mexican Home Audio Market                       III-136
      B.Market Analytics                                                III-137
        Latin American Home Audio Equipment Market: Value Analytics     III-137
         Table 118: Latin American Recent Past, Current & Future
         Analysis for Home Audio Equipment by Geographic Region -
         Brazil and Rest of Latin America Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-137

         Table 119: Latin American Historic Review for Home Audio
         Equipment by Geographic Region - Brazil and Rest of Latin
         America Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-138

         Table 120: Latin American 14-Year Perspective for Home
         Audio Equipment by Geographic Region - Percentage Breakdown
         of Dollar Sales for Brazil and Rest of Latin America
         Markets for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-139

         Table 121: Latin American Recent Past, Current & Future
         Analysis for Home Audio Equipment by Product Segment - Home
         Audio Systems, Home Audio Components, Home Theater in a Box
         and Home Radios Markets Independently Analyzed with Annual
         Sales Figures in US$ Thousand for Years 2015 through 2022
         (includes corresponding Graph/Chart)                           III-140

         Table 122: Latin American Historic Review for Home Audio
         Equipment by Product Segment - Home Audio Systems, Home
         Audio Components, Home Theater in a Box and Home Radios
         Markets Independently Analyzed with Annual Sales Figures in
         US$ Thousand for Years 2009 through 2014 (includes
         corresponding Graph/Chart)                                     III-141

         Table 123: Latin American 14-Year Perspective for Home
         Audio Equipment by Product Segment - Percentage Breakdown
         of Dollar Sales for Home Audio Systems, Home Audio
         Components, Home Theater in a Box and Home Radios Markets
         for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-142
        Latin American Market for Home Audio Systems and HTiB:
         Volume Analytics                                               III-143
         Table 124: Latin American Recent Past, Current & Future
         Analysis for Home Audio Equipment by Geographic Region -
         Brazil and Rest of Latin America Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2015 through 2022 (includes corresponding
         Graph/Chart)                                                   III-143

         Table 125: Latin American Historic Review for Home Audio
         Equipment by Geographic Region - Brazil and Rest of Latin
         America Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-144

         Table 126: Latin American 14-Year Perspective for Home
         Audio Equipment by Geographic Region - Percentage Breakdown
         of Unit Sales for Brazil and Rest of Latin America Markets
         for Years 2009, 2016 & 2022 (includes corresponding
         Graph/Chart)                                                   III-145

         Table 127: Latin American Recent Past, Current & Future
         Analysis for Home Audio Equipment by Product Segment - Home
         Audio Systems and Home Theater in a Box Markets
         Independently Analyzed with Annual Sales Figures in
         Thousand Units for Years 2015 through 2022 (includes
         corresponding Graph/Chart)                                     III-146

         Table 128: Latin American Historic Review for Home Audio
         Equipment by Product Segment - Home Audio Systems and Home
         Theater in a Box Markets Independently Analyzed with Annual
         Sales Figures in Thousand Units for Years 2009 through 2014
         (includes corresponding Graph/Chart)                           III-147

         Table 129: Latin American 14-Year Perspective for Home
         Audio Equipment by Product Segment - Percentage Breakdown
         of Unit Sales for Home Audio Systems and Home Theater in a
         Box Markets for Years 2009, 2016 & 2022 (includes
         corresponding Graph/Chart)                                     III-148


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 119 (including Divisions/Subsidiaries - 149)

     The United States (73)
     Canada (3)
     Japan (11)
     Europe (36)
     - France (3)
     - Germany (8)
     - The United Kingdom (11)
     - Italy (3)
     - Rest of Europe (11)
     Asia-Pacific (Excluding Japan) (24)
     Middle East (2)
Additional Information:
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Date of Publication:
Feb 17, 2017
Number of Pages:
492 Pages