The sound bar is specially designed to improve the sound quality of speaker without using the load of wires. The soundbar is a slim device with multiple built-in speaker and drivers.  Many manufacturers are launching a hybrid sound bar with left, center, and right speakers along with a subwoofer. It has a compact structure and can be connected to the portable device like a laptop, smartphones and other devices.

Different application segments of soundbar market include television sets, music players, computer systems and other applications. The music player is the major application segments that contributed a significant share of the total market in 2015 and further anticipated to continue this trend in coming years.

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Groundbreaking technological advancements and government policies uphold the expansion of the industry. Strong demand from emerging markets like China and Japan due to the abundance of raw materials and cheap labor propels the growth of sound bar market.

Limited range of the sound bar device is the major challenge for this market. Devices such as a laptop, smartphones, music players and another device must be under a range of 30-32 feet from a sound bar in order to operate properly. Increasing awareness among consumer for smartphones usage with Bluetooth speaker and growing demand for attractive features such as different shapes, color, and improved connectivity compels vendors for R&D innovations.  Rising events in different industries such as corporate, film industry, sports, and others increase the demand of sound bar systems considerably. The advanced computer system is also responsible for the growth of the sound bar market.  Furthermore, homes in developed nations are getting revamped into smart homes with more interconnected technology. Therefore the market for smart homes is also boosting the demand for sound bar devices due to increased consumer spending capacity.

Soundbar market is segmented on the basis of type, application, technology and region. On the basis of type, sound bar market is segmented into different versions such as version (2, 2.1, 5.1) and other versions. In 2015 the version (2.1) sound bar segment accounted for 30% share of the overall market. By application, the market is segmented into music players, smart phones, computer system and others application segments. On the basis of technology the sound bar market is bifurcated into Bluetooth, WI-FI, airplay and others (WiSA, Play-Fi, KleerNet, SKAA, RF, and IR).

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Regional segments covered under this study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America accounted for the largest share of sound bar industry in 2015.

The key players of the global sound bar market include Apple, Samsung, Philips, Panasonic, Vizio, VOXX International, Yamaha, Sony, LG, Sharp, Bose, Polk Audio, Harman and JVC Kenwood among others