A stereo system is a way of playing sound that appears more realistic as the sound comes from two speakers or channels. Amplifier is a device that increases the signal strength of an electronic input. Stereo or AV (Audio/ Video) receiver amplifier receives low power electronic sound from an outside source and amplifies or increases the sound level of the electronic signal so that it can match the input of loudspeakers attached to a stereo or home theater system. A home theatre system consists of an AV receiver, integrated stereo amplifier, speaker selector, main speakers, and home theatre speakers. The main function of stereo amplifiers is to power the speakers connected to a home theatre system.
With electronic products becoming more affordable, there is an increasing demand for home stereo systems or home theatre. Home stereo systems require a stereo amplifier to match the sound quality for stereo loud speakers. Rising demand for stereo systems is expected to increase the demand for stereo amplifiers across the globe.
In developed and even in developing countries such as India, there is an increasing demand for surround sound systems including stereo systems as more and more people in India prefer the comfort of their living room to cinema theatres, according to Micro, Small & Medium Enterprises (MSME), Government of India. The stereo systems provide the user a feel that the sound quality is more natural and entertaining. Many multinational companies have entered the market in India for selling stereo amplifiers and surround sound systems. However, there is enough market potential for India’s SME (Small and Medium Enterprises) stereo amplifier manufacturers in India’s home theatre system market.
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In terms of class, the global stereo amplifier market is segmented into Class A amplifier, Class B amplifier, Class AB amplifier, Class G amplifier, Class H amplifier, and Class D amplifier. Based on product type, the global stereo amplifier market can be segmented into preamplifier, stereo receivers, integrated stereo amplifiers, power amplifiers, and others. Based on technology, the stereo amplifier market can be segmented into analog stereo amplifier and digital stereo amplifier. In terms of distribution channel, the stereo amplifier market can be bifurcated into online channel and offline channel.
Geographically, the global stereo amplifier market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to be a prominent market for stereo amplifiers during the forecast period. The U.S. is expected to dominate the stereo amplifier market in North America during the forecast period, followed by Canada. Europe is a significant market for stereo amplifiers. Germany is expected to be a leading market for stereo amplifiers in Europe. The U.K. and France are other significant stereo amplifier markets in Europe. Asia Pacific is expected to be a major stereo amplifier market in the world. China is expected to be a leading market for stereo amplifiers in the region. India is a prominent stereo amplifier market in Asia Pacific. Along with global multinationals are number of small and medium sized (SMEs) are operating in the India stereo amplifier market as there is good potential in the market. Japan and South Korea are other major stereo amplifier market in Asia Pacific. Middle East & Africa is a significant market for stereo amplifiers, with GCC expected to hold a major share of the region. South Africa is another major market for stereo amplifiers in Middle East & Africa. Brazil is expected to a major stereo amplifier market in South America during the forecast period. Argentina is another significant market for stereo amplifiers in South America.
Major companies operating in the global stereo amplifier market include Sony Corporation, ONKYO USA Corporation, Marantz, Rega Research Limited, Simaudio Ltd, Roksan Audio, Luxman Corporation, Peachtree Audio, NAD Electronics, Anthem, and PS Audio.
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