Soundbar Market Size

Global Soundbar Market size was valued at USD 7.35 Billion in 2023 and is poised to grow from USD 8.03 Billion in 2024 to USD 16.23 Billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).

Soundbar manufacturers can focus on launching new products with advanced audio technologies to stay competitive. Countries with high disposable income and rising spending on consumer electronics are emerging as opportune markets for soundbar suppliers as per this global soundbar market analysis. Integration of smart technologies and voice assistants can help companies stand out from the competition. 'Hisense Home Appliance Group Co. Ltd', 'Xiaomi Corporation', 'Sonos Inc.', 'Onkyo Electronics', 'Polk Audio (DEI Holdings Inc.)', 'Bose Corporation', 'Samsung Electronics Co. Ltd', 'LG Electronics Inc.', 'Sony Corporation', 'Koninklijke Philips NV', 'Panasonic Corporation', 'Sennheiser Electronic GmbH & Co. KG'

Growing interest of consumers in investing in home entertainment solutions and preference for advanced audio systems for high-resolution televisions are driving the global soundbar market outlook. Soundbars offer enhanced audio quality and sleek designs thereby making them a mainstay in the home entertainment industry over the coming years.

Use of Dolby Atmos and DTS:X Technology: Soundbar companies are expected to focus on the adoption of advanced sound technologies that can help them improve the audio experience for their users. Dolby Atmos and DTS:X are emerging as popular sound technologies for premium soundbars as they offer immersive 3D audio experiences for users. High costs of premium soundbars could limit the potential of this trend going forward.

The demand for soundbars in the North American region is projected to account for the largest share in the global soundbar industry. High consumer spending potential, presence of leading soundbar suppliers, and quick adoption of smart home entertainment solutions are helping this region lead revenue generation going forward. The surge in popularity of streaming services and high demand for immersive audio experience among consumers are also helping boost sales of soundbar in this region. The United States and Canada are emerging as the most opportune countries for soundbar suppliers looking to make a mark in the North American region.