Subwoofer speakers are more popular in home audio . The soundbar segment is expected to grow at a CAGR over 8 % from 2016 to 2025 . They are small in size and have placement flexibility . The satellite / subwoofer speaker has the largest market share . Soundbars market is fastest growing due to its high demand due to its feature such as multiple speaker better sound clarity , and can be mounted alongside of the television . On the basis of geography , the market is segmented into five regions which include North America , Europe , Asia-Pacific , Latin America , and Middle East and Africa . North America regional market includes the U . S . and Canada . Europe regional market consists of European Union , CIS and other non-member states . Asia Pacific regional market includes Japan , China , India , Taiwan , Korea , and Australia . Latin America mainly includes Brazil , Mexico , and other South American countries . European loudspeaker market is expected to be key regional market owing to presence of companies such as Harmen Corporation and Bose .
However due to slowdown in European economy , the market expected to get affected . North America has second largest market share in this segment . . One of chief factor for the growth is the high disposal income in north America making it an attractive market for speaker industry . Asia pacific is the fastest growing market for the loudspeaker industry . It is observed that the demand for speaker is increasing in growing economies of Asia Pacific regions which include India and China .
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Key players in loudspeaker industry are Bose , Audiovox Corp , Calix , Inc ., Creative Technology Ltd , Dain Electronics Co ., JVC Kenwood Holdings , Dynaudio A / S , Elettromedia Srl , ELNO Ste Nouvelle , Formosa Prosonic Industries Berhad , Genelec OY , Inc , Koninklijke Philips Electronics Nv , Linn Products Limited , Mermaid Technology A / S , Monitor Audio Limited , Optimus SA , Panasonic Corporation , Hitachi Ltd ., Phonocar S . P . A ., Pioneer Corporation , Plantronics Inc , Renkus-Heinz , Inc ., Rockford Corp , Sica Altoparlanti Srl , Yamaha Corporation Sonus Faber S . P . A ., Samsung Electronics Co . Ltd ., Sony Corporation , Velodyne Acoustics , Inc ., and Wilson Audio Specialties Inc .,.
Harman Corporation developed a new loud speaker called ALumaprene . The effectiveness of sound was increased due to magnetic systems , bass is more powerful , light weight , powerful transducers , and it consumes less power than conventional speakers . Bose has introduced a new Wi-Fi sound system Sound touch 10 . It is Wi- Fi enabled , can be connected to laptop , mobile device and tablet through Wi-Fi . Sound touch gives ease of access , can be controlled through remote , laptop or mobile compact design and improved sound quality . Knowles had acquired Audience in June , 2015 to improve its product range and market share . Both the companies had complementary products and technology hence the Audience products with help Knowles to improve its product range .