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Global Home Audio Equipment Market to Reach US$49.9 Billion by the Year 2026

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New York, Jan. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Home Audio Equipment Industry” – https://www.reportlinker.com/p05443560/?utm_source=GNW
Increasing affordability of sophisticated audio equipment is anticipated to drive more homeowners to embrace these systems for creating an immersive and engaging experience for movies, sports and music. The audio-visual space is also being influenced by rising attention on smart home theaters that yield a hi-tech media room. These smart rooms enable an integrated approach and provide users with a universal remote for controlling their connected appliances for a convenient and futuristic audio-visual experience. The demand for audio equipment is also propelled by easy access to engaging content and programming that take audio-visual systems to the next and more powerful performance level. New multi-speaker and multi-channel systems are supported by single soundbars. Tech advancements such as architecturally friendly Dolby Atmos systems, short-throw projectors, ambient light rejecting screens, motorized window treatments, and large LED screens, are improving the prospects of home theater market. These factors along with COVID-19 have provided the significant stimulus to the audio equipment market and are likely to further favor the market expansion in the coming years.

Amid the COVID-19 crisis, the global market for Home Audio Equipment estimated at US$28.5 Billion in the year 2020, is projected to reach a revised size of US$49.9 Billion by 2026, growing at a CAGR of 9.6% over the analysis period. Home Theater Systems, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$15.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Speakers segment is readjusted to a revised 11.9% CAGR for the next 7-year period. This segment currently accounts for a 40.2% share of the global Home Audio Equipment market. Smart speakers are poised to benefit from the growing use of mobile phones for playing digital music. The smart speaker market delivered a phenomenal performance amid COVID-19, with global shipment of smart speakers reporting solid gains in 2020. In addition, the market maintained its strong momentum in 2021 as a result of unabated product demand, enabling companies to reap rich dividends. Some of the most recent trends in home theater world include the development of a multi-screen environment; introduction of home theater with social networking capabilities; remodeling of stereotypical home theater into hybrid home theater, and the use of better wired and wireless home networking.

The U.S. Market is Estimated at $11.8 Billion in 2021, While China is Forecast to Reach $6.1 Billion by 2026

The Home Audio Equipment market in the U.S. is estimated at US$11.8 Billion in the year 2021. The country currently accounts for a 36.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$6.1 Billion in the year 2026 trailing a CAGR of 11.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR while Rest of European market (as defined in the study) will reach US$3.6 Billion by the end of the analysis period.

Sound Bars Segment to Reach $12.9 Billion by 2026

Soundbars are enjoying extensive uptake across households following the COVID-19 impetus and increasing availability of diverse content and adoption of home entertainment products. In the recent years, an increasing number of people have started consuming streaming content like free e-books, gaming and movies. The soundbar trend is also catalyzed by the rise of smart TVs and rising installation of home theater systems for enhanced listening and viewing experience. In the global Sound Bars segment, USA, Canada, Japan, China and Europe will drive the 9.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.7 Billion in the year 2020 will reach a projected size of US$10.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2026, while Latin America will expand at a 10% CAGR through the analysis period.

Select Competitors (Total 148 Featured)

  • Bose Corp.
  • Boston Acoustics
  • Bowers & Wilkins
  • Creative Technologies, Ltd.
  • Denon Electronics (USA), LLC
  • Harman International Industries, Inc.
  • JVCKENWOOD USA Corp.
  • Klipsch Group, Inc.
  • LG Electronics
  • Nakamichi Corp.
  • Panasonic Corp.
  • Polk Audio
  • Samsung Electronics Co., Ltd.
  • Sharp Corp.
  • Sonos, Inc.
  • Sony Corporation
  • Velodyne Acoustics, Inc.
  • VIZIO, Inc.
  • VOXX International Corp.
  • Yamaha Corp.
  • Yamaha Corporation of America

Read the full report: https://www.reportlinker.com/p05443560/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Review of
the World Economy in 2021
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Home Audio Gains as COVID-19 Triggers Shift from Commercial to
Home Theaters
Record Surge in Smart Speaker Market in Wake of COVID-19
Soundbars Inching towards Ubiquitous Status amid COVID-19 Crisis
Home Audio Equipment: A Prelude
Outlook
EXHIBIT 2: Consumer Location Preference for Watching New Movies
Post COVID-19
Market Challenges
Competition
EXHIBIT 3: Market Share of Leading Vendors in Global Smart
Speaker and Smart Display market: Q2 2021
EXHIBIT 4: Soundbars Global Competitor Market Share Positioning
for 2021E
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Homebound Customers Charge Premium Audio Products? Demand amid
Pandemic
Home Audio Technology Exhibits Consistent Evolution with
Addition of New Features
Future Home Theater & Audio Equipment Trends Coming Down the Pipe
Major Design Trends in Home Theaters
Digital Boom and Growth in Music Streaming Drives Demand for
Wireless Speakers
EXHIBIT 5: Increasing Consumer Preference for Music Streaming
Drives Demand for Multi-Room Wireless Speakers for Streaming
Music from Cloud Servers: Global Number of Music Streaming
Subscribers (In Million) for the Years 2010, 2015, 2017,
2019, 2021 & 2023
Growing Smart Homes Catalyst to Home Theatre and Other Audio
Products
Exhibit 6: Growth in Total Number of Smart Homes (In Millions)
for the Years 2019, 2021, 2023, 2025 & 2026
E-Commerce Drives Sales of Home Audio Equipment
EXHIBIT 7: Surging E-commerce Market and Shifting Consumer
Behavior Ensure Steady Demand for Home Audio Equipment: Global
Retail E-Commerce Revenues (In US$ Trillion) for the Years
2019, 2021, 2023, 2025 & 2026
Growing Population of Music Listeners & Rise of Mass-Market
Audiophiles Augments Business Prospects
Connectivity: A Critical Feature for Modern Speakers
Rise in Internet Penetration and Availability of High-Speed
Broadband Networks to Spur Opportunities
EXHIBIT 8: World Internet Penetration Rate (in %) by Geographic
Region: 2020
EXHIBIT 9: Internet Penetration Rate (%) in Select Countries
for 2020
EXHIBIT 10: Device Ownership of Internet Users in %: 2020
Technology Advancements Drive Significant Improvements in
Speaker Systems
Rise in Home Entertainment Spending Drives Opportunities
EXHIBIT 11: Leading Streaming Services by Subscriber Base
(in Million): 2020
EXHIBIT 12: Global SVOD Services Market Breakdown of Subscriber
Base (in %) by Service Provider: 2020E
EXHIBIT 13: Global Number of SVoD Subscribers (In Million):
2015-2024
Rapid Growth of OTT Platforms & Rise in Demand for High-Quality
Streaming Content to Drive Market Gains
EXHIBIT 14: Global Number of OTT Video Users (In Million) for
the Years 2019, 2021, 2023 & 2025
Artificial Intelligence (AI) Emerges as a Key Technology to
Induce Market Growth
In-Wall Speakers Gain Consumer Interest
Soundbars Continue to Grow in Popularity
New Soundbars Set to Redefine User Listening Experience
AI-enabled Speakers and Use of Digital Assistants in Speaker
Systems Gain Traction
Bulkier and Larger Speakers Benefit from Better Performance
Capabilities
Rise in Penetration of Large Flat Panel TVs Fuels Demand for
Soundbars
EXHIBIT 15: Global Sales of OLED and LED TVs (In Million Units)
for the Years 2018, 2020, 2022, 2024, & 2026
EXHIBIT 16: Global Shipments of Televisions by Screen
Resolution (2018 & 2022): Percentage Breakdown of Volume
Shipments for HD/FHD, 4K and 8K TVs
A Peek into Consumer Behavior
Favorable Demographic & Socio-Economic Trends Strengthen Market
Prospects
Rapid Growth in Urban Households
EXHIBIT 17: World Urban Population in Millions: 1950-2050
EXHIBIT 18: Degree of Urbanization Worldwide: Urban Population
as a % of Total Population by Geographic Region for the Years
1950, 1970, 1990, 2018, 2030, and 2050
Growing Affluence of Middle Class Consumer Segment
EXHIBIT 19: Global Middle Class Population (In Million) by
Region for the Years 2020, 2025 and 2030
EXHIBIT 20: Global Middle Class Spending (US$ Trillion) by
Region for the Years 2020, 2025, and 2030
Rising Living Standards

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Home Audio
Equipment by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Home Audio Equipment by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 3: World 12-Year Perspective for Home Audio Equipment by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2015, 2021 & 2027

Table 4: World Current & Future Analysis for Home Theater
Systems by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for Home Theater Systems by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 6: World 12-Year Perspective for Home Theater Systems by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 7: World Current & Future Analysis for Smart Speakers by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Smart Speakers by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 9: World 12-Year Perspective for Smart Speakers by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 10: World Current & Future Analysis for Sound Bars by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Sound Bars by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 12: World 12-Year Perspective for Sound Bars by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2015, 2021 & 2027

Table 13: World Current & Future Analysis for Wired by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Wired by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 15: World 12-Year Perspective for Wired by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2015, 2021 & 2027

Table 16: World Current & Future Analysis for Wireless by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Wireless by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 18: World 12-Year Perspective for Wireless by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2015, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 19: USA Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 20: USA Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 21: USA 12-Year Perspective for Home Audio Equipment by
Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 22: USA Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 23: USA Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 24: USA 12-Year Perspective for Home Audio Equipment by
Technology – Percentage Breakdown of Value Sales for Wired and
Wireless for the Years 2015, 2021 & 2027

CANADA
Table 25: Canada Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 26: Canada Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 27: Canada 12-Year Perspective for Home Audio Equipment
by Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 28: Canada Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 29: Canada Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 30: Canada 12-Year Perspective for Home Audio Equipment
by Technology – Percentage Breakdown of Value Sales for Wired
and Wireless for the Years 2015, 2021 & 2027

JAPAN
Table 31: Japan Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 32: Japan Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 33: Japan 12-Year Perspective for Home Audio Equipment by
Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 34: Japan Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 35: Japan Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 36: Japan 12-Year Perspective for Home Audio Equipment by
Technology – Percentage Breakdown of Value Sales for Wired and
Wireless for the Years 2015, 2021 & 2027

CHINA
Table 37: China Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 38: China Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 39: China 12-Year Perspective for Home Audio Equipment by
Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 40: China Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 41: China Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 42: China 12-Year Perspective for Home Audio Equipment by
Technology – Percentage Breakdown of Value Sales for Wired and
Wireless for the Years 2015, 2021 & 2027

EUROPE
Table 43: Europe Current & Future Analysis for Home Audio
Equipment by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 44: Europe Historic Review for Home Audio Equipment by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2015 through 2019 and % CAGR

Table 45: Europe 12-Year Perspective for Home Audio Equipment
by Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2015, 2021 & 2027

Table 46: Europe Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 47: Europe Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 48: Europe 12-Year Perspective for Home Audio Equipment
by Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 49: Europe Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 50: Europe Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 51: Europe 12-Year Perspective for Home Audio Equipment
by Technology – Percentage Breakdown of Value Sales for Wired
and Wireless for the Years 2015, 2021 & 2027

FRANCE
Table 52: France Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 53: France Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 54: France 12-Year Perspective for Home Audio Equipment
by Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 55: France Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 56: France Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 57: France 12-Year Perspective for Home Audio Equipment
by Technology – Percentage Breakdown of Value Sales for Wired
and Wireless for the Years 2015, 2021 & 2027

GERMANY
Table 58: Germany Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 59: Germany Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 60: Germany 12-Year Perspective for Home Audio Equipment
by Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 61: Germany Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 62: Germany Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 63: Germany 12-Year Perspective for Home Audio Equipment
by Technology – Percentage Breakdown of Value Sales for Wired
and Wireless for the Years 2015, 2021 & 2027

ITALY
Table 64: Italy Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 65: Italy Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 66: Italy 12-Year Perspective for Home Audio Equipment by
Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 67: Italy Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 68: Italy Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 69: Italy 12-Year Perspective for Home Audio Equipment by
Technology – Percentage Breakdown of Value Sales for Wired and
Wireless for the Years 2015, 2021 & 2027

UNITED KINGDOM
Table 70: UK Current & Future Analysis for Home Audio Equipment
by Product Type – Home Theater Systems, Smart Speakers and
Sound Bars – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 71: UK Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 72: UK 12-Year Perspective for Home Audio Equipment by
Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 73: UK Current & Future Analysis for Home Audio Equipment
by Technology – Wired and Wireless – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 74: UK Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 75: UK 12-Year Perspective for Home Audio Equipment by
Technology – Percentage Breakdown of Value Sales for Wired and
Wireless for the Years 2015, 2021 & 2027

SPAIN
Table 76: Spain Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 77: Spain Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 78: Spain 12-Year Perspective for Home Audio Equipment by
Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 79: Spain Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 80: Spain Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 81: Spain 12-Year Perspective for Home Audio Equipment by
Technology – Percentage Breakdown of Value Sales for Wired and
Wireless for the Years 2015, 2021 & 2027

RUSSIA
Table 82: Russia Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 83: Russia Historic Review for Home Audio Equipment by
Product Type – Home Theater Systems, Smart Speakers and Sound
Bars Markets – Independent Analysis of Annual Sales in US$
Million for Years 2015 through 2019 and % CAGR

Table 84: Russia 12-Year Perspective for Home Audio Equipment
by Product Type – Percentage Breakdown of Value Sales for Home
Theater Systems, Smart Speakers and Sound Bars for the Years
2015, 2021 & 2027

Table 85: Russia Current & Future Analysis for Home Audio
Equipment by Technology – Wired and Wireless – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 86: Russia Historic Review for Home Audio Equipment by
Technology – Wired and Wireless Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2015 through 2019 and
% CAGR

Table 87: Russia 12-Year Perspective for Home Audio Equipment
by Technology – Percentage Breakdown of Value Sales for Wired
and Wireless for the Years 2015, 2021 & 2027

REST OF EUROPE
Table 88: Rest of Europe Current & Future Analysis for Home
Audio Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 89: Rest of Europe Historic Review for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

Table 90: Rest of Europe 12-Year Perspective for Home Audio
Equipment by Product Type – Percentage Breakdown of Value Sales
for Home Theater Systems, Smart Speakers and Sound Bars for the
Years 2015, 2021 & 2027

Table 91: Rest of Europe Current & Future Analysis for Home
Audio Equipment by Technology – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 92: Rest of Europe Historic Review for Home Audio
Equipment by Technology – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 93: Rest of Europe 12-Year Perspective for Home Audio
Equipment by Technology – Percentage Breakdown of Value Sales
for Wired and Wireless for the Years 2015, 2021 & 2027

ASIA-PACIFIC
Table 94: Asia-Pacific Current & Future Analysis for Home Audio
Equipment by Geographic Region – Australia, India, South Korea
and Rest of Asia-Pacific Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2020 through 2027 and %
CAGR

Table 95: Asia-Pacific Historic Review for Home Audio Equipment
by Geographic Region – Australia, India, South Korea and Rest
of Asia-Pacific Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2015 through 2019 and % CAGR

Table 96: Asia-Pacific 12-Year Perspective for Home Audio
Equipment by Geographic Region – Percentage Breakdown of Value
Sales for Australia, India, South Korea and Rest of
Asia-Pacific Markets for Years 2015, 2021 & 2027

Table 97: Asia-Pacific Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 98: Asia-Pacific Historic Review for Home Audio Equipment
by Product Type – Home Theater Systems, Smart Speakers and
Sound Bars Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 99: Asia-Pacific 12-Year Perspective for Home Audio
Equipment by Product Type – Percentage Breakdown of Value Sales
for Home Theater Systems, Smart Speakers and Sound Bars for the
Years 2015, 2021 & 2027

Table 100: Asia-Pacific Current & Future Analysis for Home
Audio Equipment by Technology – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 101: Asia-Pacific Historic Review for Home Audio
Equipment by Technology – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 102: Asia-Pacific 12-Year Perspective for Home Audio
Equipment by Technology – Percentage Breakdown of Value Sales
for Wired and Wireless for the Years 2015, 2021 & 2027

AUSTRALIA
Table 103: Australia Current & Future Analysis for Home Audio
Equipment by Product Type – Home Theater Systems, Smart
Speakers and Sound Bars – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 104: Australia Historic Review for Home Audio Equipment
by Product Type – Home Theater Systems, Smart Speakers and
Sound Bars Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 105: Australia 12-Year Perspective for Home Audio
Equipment by Product Type – Percentage Breakdown of Value Sales
for Home Theater Systems, Smart Speakers and Sound Bars for the
Years 2015, 2021 & 2027

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Artificial Intelligence

Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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risk-analytics-market-worth-$180.9-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
Related Reports:
Customer Data Platform Market – Global Forecast to 2028
Speech Analytics Market- Global Forecast to 2029
Text to Video AI Market – Global Forecast to 2027
Contact Center Analytics Market- Global Forecast to 2027
Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/risk-analytics-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/risk-analytics.asp
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Artificial Intelligence

Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting
Related Reports: 
Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
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