Loudspeakers - Global Strategic Business Report

Loudspeakers - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Feb 10, 2015, 692 Pages
US$4,950.00
GIA-MCP1224
This report analyzes the worldwide markets for Loudspeakers in US$ Million and Thousand Units by the following Product Segments: Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers, Soundbars, In-wall Speakers, Outdoor Speakers, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. The report profiles 390 companies including many key and niche players such as -

Altec Lansing, LLC
Amaoto Industrial Co., Ltd.
B&W Group Ltd.
Bose Corporation
Boston Acoustics, Inc.


TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       1. Pair Speakers                                                 I-4
       2. Satellite/Subwoofer Speakers                                  I-4
       3. Subwoofer Speakers                                            I-4
       4. Soundbars                                                     I-4
       5. In-Wall Speakers                                              I-5
       6. Outdoor Speakers                                              I-5
       7. Other Speaker Categories                                      I-5


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      A Quick Market Primer                                             II-1
      2007-2009 Recession Erodes Growth During the Years 2008 & 2009    II-2
      Structural Changes in Consumer Wealth & Spending Creates Long
       -Term Challenges to Growth in the US Market                      II-2
       Table 1: Consumer Confidence in the United States
       (2011-Q32014): Breakdown of Indexed Points (includes
       corresponding Graph/Chart)                                       II-4

       Table 2: US Household Debt As a Percentage (%) of Disposable
       Income: 2008-2013 (includes corresponding Graph/Chart)           II-5
      Overindebted Households: A Key Bottleneck Hindering Consumer
       Spending in Europe                                               II-5
       Table 3: Consumer Confidence in Select EY Countries 2013 & Q3
       2014: Breakdown of Indexed Points (includes corresponding
       Graph/Chart)                                                     II-6

       Table 4: EU Household Debt As a Percentage (%) of Disposable
       Income by Country: 2008-2013 (includes corresponding
       Graph/Chart)                                                     II-7

       Table 5: Growth in Personal Savings (%) in the European Union
       for the year 2011-Q12014 (includes corresponding Graph/Chart)    II-8
      Strong Consumer Confidence in Asia-Pacific Spurs Growth           II-8
       Table 6: Consumer Confidence in China & India Vs Global: A
       Comparison for Years 2011-3Q2014 (includes corresponding
       Graph/Chart)                                                     II-9
      Market Outlook                                                    II-9

  2. MARKET TRENDS, DRIVERS & ISSUES                                    II-11
      Outsourcing Loudspeaker Production Continues to be Rife           II-11
      Pair Speakers Market Faces Tsunami of Sorts                       II-11
      Market Dynamics Undergoes a Sea Change With the Advent of the
       Era of “Home Entertainment”                                      II-11
       Satellite/Subwoofer Speakers: A Key Beneficiary of At-Home
        Entertainment                                                   II-12
        Assembled Pieces Cannibalizing Single Brand Varieties           II-12
        Standalone Subwoofers Market Scripting Success                  II-13
      In-Wall Speakers to Gain Consumer Attention                       II-13
      Luxury Homes - A Great Opportunity for Outdoor Speakers           II-14
       Outdoor Speakers Swimming Against the Tide                       II-15
      Soaring in Popularity, Soundbars Threaten to Dislodge
       Traditional Loudspeakers                                         II-15
       Soundbars Scores Over HTiBs                                      II-16
       Growing Consumer Adoption of Thin, Flat Panel TV Fuels Growth
        in Soundbars Market                                             II-16
        Table 7: US HDTV Market: Breakdown of Shipments (in Million
        Units) and Household Penetration Rates (in %) for Years
        2005, 2011 & 2020 P (includes corresponding Graph/Chart)        II-17
      Portability - A Driving Factor for Docks & Headphones             II-17
      Docking Speakers- In Survival Mode                                II-18
      Dual-Mode Docking Speakers to Keep Competition from Wireless-
       Only Speakers at Bay                                             II-18
      Demand for Bluetooth Speakers on the Rise                         II-18
      Premium iPod/iPhone Docks Redefine Music                          II-19
      Growth in Mobile Computing Devices Drives Business Case for
       Speakers                                                         II-19
       Continued Growth in Adoption of Advanced Mobile Phones to
        Drive Demand for Speakers                                       II-20
        Opportunity indicators                                          II-21
         Table 8: World Smartphone Penetration for Select Countries
         (as a Percentage of Mobile Phone Users): 2013 (includes
         corresponding Graph/Chart)                                     II-21

         Table 9: Global Market for Smartphones (2013 & 2018):
         Breakdown of Sales in Million Units by Geographic
         Region/Country (includes corresponding Graph/Chart)            II-22
       Consumer Mobile Usage Habits Augur Well for Market               II-22
        Table 10: Untapped Potential in Store for Mobile Cloud Music
        Services - Presented as Percentage Share of Mobile Users
        Accessing Music Applications Over Mobile Phones by Time
        Spent (includes corresponding Graph/Chart)                      II-23

        Table 11: Average Listener Hours for Mobile Music for the
        years 2010, 2011, 2012 and 2014 for Web and Mobile (in
        Billions of Hours) (includes corresponding Graph/Chart)         II-24
      Growing Demand for Smart Home Automation Systems - A Boon for
       Loudspeakers                                                     II-24
      Technology/Product Developments - The Ongoing Saga                II-24
       Contemporary Lifestyles & Home Decors Mould Home Loudspeaker
        Designs                                                         II-24
       Flat-Panel Speaker Technology Gain in Prominence                 II-25
       Wireless Speakers - In Focus                                     II-25
        Trendy Bluetooth Speakers Gain Momentum                         II-26
        Wireless Outdoor speakers                                       II-26
       Manufacturers Focus on Miniature Speakers                        II-27
        Ultra-Compact Amplifiers Witness Rising Demand - A Case in
         Point                                                          II-27
       New Product Introductions Boost Market Prospects for Soundbars   II-27
       Product Innovations & Technology Developments Augurs Well for
        the Outdoor Speakers Market                                     II-28
       Omnidirectional Speakers Grow in Prominence                      II-29
       HVT Technology Gains Attention                                   II-29
        Key Benefits of HVT Speakers                                    II-29
         Three Dimensional Sound Field Distribution                     II-29
         Healthy- Bass Reproduction                                     II-29
         Environment Friendly Performance & Designs                     II-30
       Growing Demand for Power Loudspeakers                            II-30
       Surface Surround Technology Makes Speaker Facets Two-Dimensional II-30
       Innovative Printed Speakers on the Anvil                         II-30
       Graphene Audio Speakers                                          II-31

  3. LOUDSPEAKER TECHNOLOGY PLATFORM                                    II-32
      Loudspeakers: A Technical Preview                                 II-32
      Loudspeakers: A Peek Into its Technology Lifecycle                II-32
      The Technology Learning Curve Has a Slippery Slope                II-32
      Planar Ribbon Drivers: No Longer Pricey                           II-33
       A Peek into its Technical Sophistication                         II-33
      Focused Speaker Systems: Technology Overview                      II-33
      Computer Loudspeaker Designs                                      II-34
       Conventional Loudspeaker Designs                                 II-34
       Electrostatic Loudspeaker Designs                                II-35
        Electrostrictive Polymer Film Loudspeaker                       II-35
        Planar Magnetic Loudspeaker                                     II-36
       Major Design Considerations for Computer Loudspeakers            II-36
        Acoustics                                                       II-36
        Analytical Testing of Loudspeakers                              II-36
        Objective Testing                                               II-36
        Subjective Testing                                              II-36
        Surface Surround Technology                                     II-37
        Hypersonic Sound System (HSS)                                   II-37
        Flat Panel Technology                                           II-37
        Stereo Technology                                               II-37
        MaxxBass® Technology                                            II-38
        TAV™ Technology                                                 II-38
        Surface-Mount Loudspeakers                                      II-38
       Key Manufacturers of Surface-Mount Loudspeakers in North America II-38

  4. PRODUCT OVERVIEW                                                   II-43
      Loudspeaker: A Technical Exposition                               II-43
       Passive Speakers                                                 II-43
       Active Speakers                                                  II-43
       Tweeters                                                         II-43
       Midrange                                                         II-43
       Woofer                                                           II-44
      Types of Speaker Configuration                                    II-44
       2-Way Speaker Configuration                                      II-44
       3-Way Speaker Configuration                                      II-44
       4-Way Speaker Configuration                                      II-44
      Characteristics of an Ideal Speaker                               II-44
      Types of Loudspeakers: A Classification                           II-45
       Pair Speakers                                                    II-45
        Bookshelf Speakers                                              II-45
        Floor-Standing Speakers                                         II-45
       Satellite/Subwoofer Speakers: A Descriptive Exposition           II-45
       Subwoofer                                                        II-46
       Soundbars                                                        II-46
       In-Wall Speakers                                                 II-46
       Outdoor Speakers                                                 II-47
        Pointers for Installation of Outdoor Speakers                   II-47
        Technological Challenges                                        II-47
       Other Speaker Categories                                         II-48
       Smartphone/MP3 Docking Speakers                                  II-48

  5. PRODUCT INNOVATIONS/INTRODUCTIONS                                  II-49
      Bowers & Wilkins Unveils New CM Series Speakers                   II-49
      Meridian Audio Introduces DSP8000 SE, DSP7200 SE and DSP5200 SE   II-49
      Harman Introduces VTX V20 and S25 Line Array                      II-49
      JBL Introduces New CBT Series Loudspeaker                         II-49
      Acoustic Research® Rolls Out Bluetooth Outlet Speaker             II-49
      HARMAN Launches JBL Charge 2                                      II-49
      Rapoo Introduces A600                                             II-49
      Atlantic Technology Launches 44-DA Dolby Atmos Speaker            II-49
      BEHRINGER Introduces iQ Series Networked Loudspeakers             II-50
      BOSE® Rolls Out RMU208                                            II-50
      Magico Launches S3                                                II-50
      Community Professional Launches DP8 Pendant                       II-50
      AX Horn Loudspeakers Introduces New Version of AXJET              II-50
      Definitive Technology Unveils Mythos ST-L Tower Speaker           II-50
      Quad Launches Quad                                                II-50
      Sakar Launches New Bluetooth Speakers and Stereo Headphones       II-50
      Harman Rolls Out New Range Of Headphones, Speakers and Docks      II-51
      Coleridge Unveils BMR                                             II-51
      Peavey Unveils Elements Weatherproof Loudspeakers                 II-51
      Danley Rolls Out OS80                                             II-51
      Libratone Launches New Loop Speaker                               II-51
      Sonus Faber Unveils New Series of Olympica Speakers               II-51
      Waterfall Audio Launches the Niagara Platinum Loudspeaker         II-51
      Amina Introduces new iQ series                                    II-51
      Samsung Introduces DA-F60                                         II-52
      Bryston Rolls Out High Performance Loudspeaker Units              II-52
      Creative Technology Rolls Out High-Performance Speakers           II-52
      Creative Technology Launches Creative Dsxm™ Subwoofer Range       II-52
      CREATIVE Launches NFC Bluetooth Wireless Speakers                 II-52
      Creative Introduces T3150 Wireless 2.1 speaker system             II-52
      Quadral Launches IPSO Speaker Series                              II-52
      Quadral Launches Ferrum 7000 5.0 Speakers                         II-52
      Quadral Rolls Out Qube 7                                          II-53
      Quadral Introduces Qube Quadral 12                                II-53
      Quadral Unveils Signo Avant-Garde Hi-Fi Speakers                  II-53
      Sonance Introduces 46LCR SB1 Soundbar                             II-53
      Sonance Unveils Visual Performance Speaker Range                  II-53
      STRAX Rolls Out Foldable Headsets and Bluetooth Speaker Models    II-53
      FOCAL Introduces CHORUS 700 SERIES Loudspeakers                   II-53
      VOXX Launches ARS60 Portable Wireless Speaker                     II-53
      VOXX Unveils 808 CANZ Bluetooth Wireless Speakers                 II-53
      HARMAN Unveils JBL® Studio 2                                      II-54
      HARMAN Introduces SB 35 and SB 26                                 II-54
      Harman Launches Harman Kardon® Onyx™ Wireless Speaker System      II-54
      VOXX Launches SoundFlow™ Soundboard Portable Speaker              II-54
      Community Professional Loudspeakers Launches A6                   II-54
      HARMAN Launches New Improved JBL Project Everest DD67000
       Loudspeaker                                                      II-54
      Bang & Olufsen Introduces New BeoLab In-Wall Speakers System      II-54
      Polk Launches New Home Theater Loudspeakers, TSx Series           II-54
      Current Audio Introduces SB65 and SB80 Models                     II-54
      Intex Introduces New Bluetooth-Enabled Soundbar                   II-55
      Behringer Unveils iQ Series Networked Loudspeakers                II-55
      Turbosound Introduces Milan Series                                II-55
      Focal Unveils Chorus 700 Series Loudspeakers                      II-55
      Sony Unveils Advanced ES Speaker Lineup                           II-55
      Pure to Unveil Jongo Series Wireless Speakers                     II-55
      Harman Unveils Revel 2-Series                                     II-55
      Harman’s JBL Unveils S3900 Loudspeaker                            II-55
      GoldenEar to Unveil Loudspeakers                                  II-55
      Behringer Unveils Omni Wireless Speaker System                    II-56
      Electro-Voice Rolls Out ZLX Portable Loudspeakers                 II-56
      Sony Launches Wireless HT-CT260 Surround Sound Bar                II-56
      HARMAN’s Unveils V5 Presets for VTX Series and VERTEC® Line
       Array Loudspeakers                                               II-56
      Sony Introduces CMT-BT80WB and CMT-BT60B Bluetooth Speakers       II-56
      Acoustic Energy Rolls Out New Reference Three Flagship
       Loudspeaker                                                      II-56
      Bryston Unveils New Loudspeaker Product Line                      II-56
      Sceptre Launches New Speaker Sound Bar with In-Built Subwoofer    II-56
      Sharp Introduces 2.1 Channel Sound Bar                            II-56
      Sonos Rolls Out Playbar Soundbar Speaker                          II-57
      Techcom Launches the Tower Speaker SSD-12001 R                    II-57
      SISPL Introduces the Slimmest Speakers                            II-57
      TruAudio Launches the BRD-22 Outdoor Birdhouse Speaker            II-57
      KEF Unveils the New KEF E305 Surround- Sound Speaker System       II-57
      Behringer Launches Eurolive B207MP3                               II-57
      BEHRINGER Launches B112W and B115W                                II-57
      SVSound Unveils SVS PB1000 and SVS SB1000                         II-57
      Native Union Introduces the Native Union Switch                   II-58
      Alto Professional Launches the Black Series                       II-58
      Line 6 Introduces New StageSource[TM] L2t and L2m Loudspeakers    II-58
      Techcom Technologies Launches SSD-410 USB Speakers                II-58
      EVE Audio Unveils Subwoofers and Speakers Range                   II-58
      KEF Introduces Ci160TR Speaker                                    II-58
      Meridian Audio Unveils In-Wall Loudspeakers                       II-58
      Bowers & Wilkins Unveils AM-1 Loudspeaker                         II-58
      Cabasse Launches Stream 3 Wireless 2.1 System                     II-58
      Sony Unveils ES Product Line                                      II-59
      Scosche Launches boomBOTTLE Outdoor Speaker                       II-59
      Monitor Audio Launches WS100 Speaker System                       II-59
      Peavey Electronics Launches Subwoofer and Enclosure               II-59
      Klipsch Unveils HD Theater SB 3 Soundbar                          II-59
      Wisdom Audio Launches the Insight Range of In-Wall, High-
       Performance Loudspeakers                                         II-59
      Harman International Introduces Sophisticated Soundbars           II-59
      Toshiba Introduces Two 3D Sound Bars                              II-59
      Toshiba Launches the SBX4250 Sound Bar Speaker System             II-60
      Definitive Technology to Launch SoloCinema XTR Soundbar           II-60
      Orbitsound Launches the OrbitSound T9                             II-60
      Intex Introduces Intex Soundbar Marvel 250                        II-60
      Tokai Introduces Smart Rubber Loudspeakers                        II-60
      B&O Play Releases BeoPlay A9                                      II-60
      Community Professional Launches VERIS 2 Loudspeaker Line          II-60
      VUE Unveils New Range Loudspeakers                                II-60
      Amina Launches New Invisible Loudspeakers                         II-60
      Danley Unveils SM-80 Loudspeaker                                  II-61
      QSC Unveils New SR Line of Loudspeakers                           II-61
      Fluance® Unveils Tower Speaker Docks for iPods and iPhones        II-61
      Funktion-One Unveils New F1201 Compact Loudspeaker                II-61
      Fluance Unveils New Loudspeaker Series                            II-61
      Fulcrum Unveils New Compact Line of Loudspeakers                  II-61
      JBL Launches New Passive Loudspeakers                             II-61
      Technical Audio Expands its Premium Audio Collection              II-61
      D.A.S. Unveils New Series of Loudspeaker                          II-61

  6. RECENT INDUSTRY ACTIVITY                                           II-62
      HARMAN Collaborates with SoftBank, Sprint, Trikomsel and
       Brightstar                                                       II-62
      Presonus Acquires Worxaudio Technologies                          II-62
      Trinnov Announces Partnership with Auro Technologies              II-62
      QSC Announces Partnership Agreement with Roland                   II-62
      CABASSE Inks Partnership Agreement with INTEGRA                   II-62
      Supertooth Inks Distribution Agreement with VOXX                  II-62
      HARMAN International Takes Over Duran Audio                       II-62
      Inspired Audio Joins Forces with LMC Audio                        II-63
      Yamaha Commercial Signs Distribution Contract with Equipson       II-63
      Private Equity Company Takes Over Thiel Audio                     II-63
      Music Group Takes Over Turbosound                                 II-63
      Harman Enters Into Licensing and Brand Partnership with Abarth    II-63
      CommanFusion Appoints B&W Loudspeakers (NZ) as Exclusive
       Distributor                                                      II-63
      Russound Divests vNet                                             II-63
      Gibson Introduces Pro Audio Division Through Acquisition of
       Stanton Group                                                    II-63
      Infinity Lifestyle Takes Over Altec Lansing Brand                 II-63

  7. FOCUS ON SELECT GLOBAL PLAYERS                                     II-64
      Altec Lansing, LLC (USA)                                          II-64
      Amaoto Industrial Co., Ltd. (Taiwan)                              II-64
      B&W Group Ltd. (UK)                                               II-64
      Bose Corporation (USA)                                            II-65
      Boston Acoustics, Inc. (USA)                                      II-65
      Creative Technology Ltd (Singapore)                               II-66
       Cambridge SoundWorks (USA)                                       II-66
      DEI Holdings Inc. (USA)                                           II-66
       Definitive Technology (USA)                                      II-67
       Polk Audio (US)                                                  II-67
      First Audio Manufacturing (HK) LTD (Hong Kong)                    II-67
      Focal JM-Lab (France)                                             II-67
      Focus Audio, Inc. (Canada)                                        II-68
      German Physiks (Germany)                                          II-68
      Harbeth Audio Ltd. (UK)                                           II-68
      Harman International Industries, Inc. (USA)                       II-68
      Jean-Marie Reynaud (France)                                       II-69
      Maxxsonics USA, Inc. (USA)                                        II-69
      Nortek Inc. (US)                                                  II-69
       Niles Audio Corporation (USA)                                    II-69
       SpeakerCraft, Inc. (USA)                                         II-70
      Opera Loudspeakers (Italy)                                        II-70
      Pioneer Corporation (Japan)                                       II-70
      QLN AB (Sweden)                                                   II-71
      Sammi Sound Tech Co Ltd. (Korea)                                  II-71
      Sonance, Inc (USA)                                                II-71
      Velodyne Acoustics, Inc. (USA)                                    II-71
      VOXX International Corporation (USA)                              II-72
       Klipsch Group, Inc. (USA)                                        II-72
      Yamaha Corporation (Japan)                                        II-72

  8. GLOBAL MARKET PERSPECTIVE                                          II-73
      Analytics by Value                                                II-73
       Table 12: World Recent Past, Current & Future Analysis for
       Loudspeakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-73

       Table 13: World Historic Review for Loudspeakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-74

       Table 14: World 15-Year Perspective for Loudspeakers by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-75

       Table 15: World Recent Past, Current & Future Analysis for
       Pair Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-76

       Table 16: World Historic Review for Pair Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-77

       Table 17: World 15-Year Perspective for Pair Speakers by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-78

       Table 18: World Recent Past, Current & Future Analysis for
       Satellite/Subwoofer Speakers by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa and Latin America Markets Independently
       Analyzed with Annual Sales Figures in US$ Million for Years
       2013 through 2020 (includes corresponding Graph/Chart)           II-79

       Table 19: World Historic Review for Satellite/ Subwoofer
       Speakers by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2006 through 2012
       (includes corresponding Graph/Chart)                             II-80

       Table 20: World 15-Year Perspective for Satellite/Subwoofer
       Speakers by Geographic Region - Percentage Breakdown of
       Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets for Years 2006, 2014 & 2020 (includes corresponding
       Graph/Chart)                                                     II-81

       Table 21: World Recent Past, Current & Future Analysis for
       Subwoofer Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-82

       Table 22: World Historic Review for Subwoofer Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-83

       Table 23: World 15-Year Perspective for Subwoofer Speakers by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-84

       Table 24: World Recent Past, Current & Future Analysis for
       Soundbars by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-85

       Table 25: World Historic Review for Soundbars by Geographic
       Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa and Latin America Markets
       Independently Analyzed with Annual Sales Figures in US$
       Million for Years 2010 through 2012 (includes corresponding
       Graph/Chart)                                                     II-86

       Table 26: World 7-Year Perspective for Soundbars by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years 2014 &
       2020 (includes corresponding Graph/Chart)                        II-87

       Table 27: World Recent Past, Current & Future Analysis for
       In-Wall Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-88

       Table 28: World Historic Review for In-Wall Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-89

       Table 29: World 15-Year Perspective for In-Wall Speakers by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-90

       Table 30: World Recent Past, Current & Future Analysis for
       Outdoor Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-91

       Table 31: World Historic Review for Outdoor Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-92

       Table 32: World 15-Year Perspective for Outdoor Speakers by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-93

       Table 33: World Recent Past, Current & Future Analysis for
       Other Loudspeakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in US$ Million for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-94

       Table 34: World Historic Review for Other Loudspeakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-95

       Table 35: World 15-Year Perspective for Other Loudspeakers by
       Geographic Region - Percentage Breakdown of Dollar Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-96
      Analytics by Volume                                               II-97
       Table 36: World Recent Past, Current & Future Analysis for
       Loudspeakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-97

       Table 37: World Historic Review for Loudspeakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-98

       Table 38: World 15-Year Perspective for Loudspeakers by
       Geographic Region - Percentage Breakdown of Volume Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-99

       Table 39: World Recent Past, Current & Future Analysis for
       Pair Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-100

       Table 40: World Historic Review for Pair Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-101

       Table 41: World 15-Year Perspective for Pair Speakers by
       Geographic Region - Percentage Breakdown of Volume Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-102

       Table 42: World Recent Past, Current & Future Analysis for
       Satellite/Subwoofer Speakers by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa and Latin America Markets Independently
       Analyzed with Annual Sales Figures in Thousand Units for
       Years 2013 through 2020 (includes corresponding Graph/Chart)     II-103

       Table 43: World Historic Review for Satellite/ Subwoofer
       Speakers by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2006 through 2012
       (includes corresponding Graph/Chart)                             II-104

       Table 44: World 15-Year Perspective for Satellite/ Subwoofer
       Speakers by Geographic Region - Percentage Breakdown of
       Volume Sales for US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets for Years 2006, 2014 & 2020 (includes corresponding
       Graph/Chart)                                                     II-105

       Table 45: World Recent Past, Current & Future Analysis for
       Subwoofer Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-106

       Table 46: World Historic Review for Subwoofer Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-107

       Table 47: World 15-Year Perspective for Subwoofer Speakers by
       Geographic Region - Percentage Breakdown of Volume Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-108

       Table 48: World Recent Past, Current & Future Analysis for
       Soundbars by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-109

       Table 49: World Historic Review for Soundbars by Geographic
       Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa and Latin America Markets
       Independently Analyzed with Annual Sales Figures in Thousand
       Units for Years 2010 through 2012 (includes corresponding
       Graph/Chart)                                                     II-110

       Table 50: World 7-Year Perspective for Soundbars by
       Geographic Region - Percentage Breakdown of Volume Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years 2014 &
       2020 (includes corresponding Graph/Chart)                        II-111

       Table 51: World Recent Past, Current & Future Analysis for
       In-Wall Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-112

       Table 52: World Historic Review for In-Wall Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-113

       Table 53: World 15-Year Perspective for In-Wall Speakers by
       Geographic Region - Percentage Breakdown of Volume Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-114

       Table 54: World Recent Past, Current & Future Analysis for
       Outdoor Speakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-115

       Table 55: World Historic Review for Outdoor Speakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-116

       Table 56: World 15-Year Perspective for Outdoor Speakers by
       Geographic Region - Percentage Breakdown of Volume Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-117

       Table 57: World Recent Past, Current & Future Analysis for
       Other Loudspeakers by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Sales Figures in Thousand Units for Years 2013 through 2020
       (includes corresponding Graph/Chart)                             II-118

       Table 58: World Historic Review for Other Loudspeakers by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Sales Figures in
       Thousand Units for Years 2006 through 2012 (includes
       corresponding Graph/Chart)                                       II-119

       Table 59: World 15-Year Perspective for Other Loudspeakers by
       Geographic Region - Percentage Breakdown of Volume Sales for
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets for Years
       2006, 2014 & 2020 (includes corresponding Graph/Chart)           II-120


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Outlook                                                         III-1
        Market Primer                                                   III-1
        Demand for Wireless Speakers Surges                             III-1
        Short Market Sizzlers                                           III-2
        Robust Demand for Soundbars and Wireless Speakers               III-2
         Table 60: Opportunity Indicator for Soundbars Market:
         Soundbars Purchase Intent by US Households                     III-3
        Market Structure & Competition                                  III-3
        Key Statistics                                                  III-3
         Table 61: Loudspeaker Market in the US (2013): Percentage
         Market Share Breakdown of Leading Players (includes
         corresponding Graph/Chart)                                     III-3
        Competitive Variables of the Home Spweaker Segment              III-4
         The Role of Price                                              III-4
        Retailing                                                       III-4
         Table 62: Loudspeaker Market in the United States (2013):
         Percentage Market Share Breakdown of Leading Retailing
         Outlets - Specialty Electronics Stores, Mass Merchandisers,
         Independent Retailers, Direct Sales, and Discount Stores
         (includes corresponding Graph/Chart)                           III-5
        Manufacturing Scenario                                          III-5
        Product Introductions/Innovations                               III-6
        Recent Industry Activity                                        III-14
        Key Players                                                     III-15
      B.Market Analytics                                                III-21
        Value Analytics                                                 III-21
         Table 63: US Recent Past, Current & Future Analysis for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-21

         Table 64: US Historic Review for Loudspeakers by Product
         Segment - Pair Speakers, Satellite/Subwoofer Speakers,
         Subwoofer Speakers, Soundbars, In-Wall Speakers, Outdoor
         Speakers, and Other Speaker Markets Independently Analyzed
         with Annual Sales Figures in US$ Thousand for Years 2006
         through 2012 (includes corresponding Graph/Chart)              III-22

         Table 65: US 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-23
        Volume Analytics                                                III-24
         Table 66: US Recent Past, Current & Future Analysis for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-24

         Table 67: US Historic Review for Loudspeakers by Product
         Segment - Pair Speakers, Satellite/Subwoofer Speakers,
         Subwoofer Speakers, Soundbars, In-Wall Speakers, Outdoor
         Speakers, and Other Speaker Markets Independently Analyzed
         with Annual Sales Figures in Thousand Units for Years 2006
         through 2012 (includes corresponding Graph/Chart)              III-25

         Table 68: US 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-26

  2. CANADA                                                             III-27
      A.Market Analysis                                                 III-27
        Outlook                                                         III-27
        Product Introductions/Innovations                               III-27
        Focus Audio, Inc. - A Key Player                                III-27
      B.Market Analytics                                                III-28
        Value Analytics                                                 III-28
         Table 69: Canadian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-28

         Table 70: Canadian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-29

         Table 71: Canadian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-30
        Volume Analytics                                                III-31
         Table 72: Canadian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-31

         Table 73: Canadian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-32

         Table 74: Canadian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-33

  3. JAPAN                                                              III-34
      A.Market Analysis                                                 III-34
        Outlook                                                         III-34
        Japanese Soundbar Market Steadies After the Initial Rush        III-34
        Product Introductions/Innovations                               III-34
        Key Players                                                     III-34
      B.Market Analytics                                                III-36
        Value Analytics                                                 III-36
         Table 75: Japanese Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-36

         Table 76: Japanese Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-37

         Table 77: Japanese 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-38
        Volume Analytics                                                III-39
         Table 78: Japanese Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-39

         Table 79: Japanese Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-40

         Table 80: Japanese 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-41

  4. EUROPE                                                             III-42
      A.Market Analysis                                                 III-42
        Outlook                                                         III-42
        Invisible Speakers Market Gains Popularity                      III-42
        Demand for Portable Speakers on the Rise                        III-42
      B.Market Analytics                                                III-43
        Value Analytics                                                 III-43
         Table 81: European Recent Past, Current & Future Analysis
         for Loudspeakers by Country/ Region - France, Germany,
         Italy, United Kingdom, Spain, Russia and Rest of Europe
         Markets Independently Analyzed with Annual Sales Figures in
         US$ Thousand for Years 2013 through 2020 (includes
         corresponding Graph/Chart)                                     III-43

         Table 82: European Historic Review for Loudspeakers by
         Country/Region - France, Germany, Italy, United Kingdom,
         Spain, Russia and Rest of Europe Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-44

         Table 83: European 15-Year Perspective for Loudspeakers by
         Country/Region - Percentage Breakdown of Dollar Sales for
         France, Germany, Italy, United Kingdom, Spain, Russia and
         Rest of Europe Markets for Years 2006, 2014 & 2020
         (includes corresponding Graph/Chart)                           III-45

         Table 84: European Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-46

         Table 85: European Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-47

         Table 86: European 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-48
        Volume Analytics                                                III-49
         Table 87: European Recent Past, Current & Future Analysis
         for Loudspeakers by Country/ Region - France, Germany,
         Italy, United Kingdom, Spain, Russia and Rest of Europe
         Markets Independently Analyzed with Annual Sales Figures in
         Thousand Units for Years 2013 through 2020 (includes
         corresponding Graph/Chart)                                     III-49

         Table 88: European Historic Review for Loudspeakers by
         Country/Region - France, Germany, Italy, United Kingdom,
         Spain, Russia and Rest of Europe Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-50

         Table 89: European 15-Year Perspective for Loudspeakers by
         Country/Region - Percentage Breakdown of Volume Sales for
         France, Germany, Italy, United Kingdom, Spain, Russia and
         Rest of Europe Markets for Years 2006, 2014 & 2020
         (includes corresponding Graph/Chart)                           III-51

         Table 90: European Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-52

         Table 91: European Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-53

         Table 92: European 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-54

  4a. FRANCE                                                            III-55
      A.Market Analysis                                                 III-55
        Outlook                                                         III-55
        Product Introductions/Innovations                               III-55
        Recent Industry Activity                                        III-55
        Key Players                                                     III-56
      B.Market Analytics                                                III-57
        Value Analytics                                                 III-57
         Table 93: French Recent Past, Current & Future Analysis for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-57

         Table 94: French Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-58

         Table 95: French 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-59
        Volume Analytics                                                III-60
         Table 96: French Recent Past, Current & Future Analysis for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-60

         Table 97: French Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-61

         Table 98: French 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-62

  4b. GERMANY                                                           III-63
      A.Market Analysis                                                 III-63
        Outlook                                                         III-63
        Product Introductions/Innovations                               III-63
        German Physiks - A Key Player                                   III-64
      B.Market Analytics                                                III-65
        Value Analytics                                                 III-65
         Table 99: German Recent Past, Current & Future Analysis for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-65

         Table 100: German Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-66

         Table 101: German 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-67
        Volume Analytics                                                III-68
         Table 102: German Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-68

         Table 103: German Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-69

         Table 104: German 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-70

  4c. ITALY                                                             III-71
      A.Market Analysis                                                 III-71
        Outlook                                                         III-71
        Opera Loudspeakers - A Key Player                               III-71
      B.Market Analytics                                                III-72
        Value Analytics                                                 III-72
         Table 105: Italian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-72

         Table 106: Italian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-73

         Table 107: Italian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-74
        Volume Analytics                                                III-75
         Table 108: Italian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-75

         Table 109: Italian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-76

         Table 110: Italian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-77

  4d. THE UNITED KINGDOM                                                III-78
      A.Market Analysis                                                 III-78
        Outlook                                                         III-78
        Economical Soundbars Boost Volume Sales for Loudspeakers        III-78
        Portable Music Players Continue to Dominate HiFi Systems        III-78
        Product Introductions/Innovations                               III-78
        Recent Industry Activity                                        III-81
        Key Players                                                     III-81
      B.Market Analytics                                                III-82
        Value Analytics                                                 III-82
         Table 111: UK Recent Past, Current & Future Analysis for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-82

         Table 112: UK Historic Review for Loudspeakers by Product
         Segment - Pair Speakers, Satellite/Subwoofer Speakers,
         Subwoofer Speakers, Soundbars, In-Wall Speakers, Outdoor
         Speakers, and Other Speaker Markets Independently Analyzed
         with Annual Sales Figures in US$ Thousand for Years 2006
         through 2012 (includes corresponding Graph/Chart)              III-83

         Table 113: UK 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-84
        Volume Analytics                                                III-85
         Table 114: UK Recent Past, Current & Future Analysis for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-85

         Table 115: UK Historic Review for Loudspeakers by Product
         Segment - Pair Speakers, Satellite/Subwoofer Speakers,
         Subwoofer Speakers, Soundbars, In-Wall Speakers, Outdoor
         Speakers, and Other Speaker Markets Independently Analyzed
         with Annual Sales Figures in Thousand Units for Years 2006
         through 2012 (includes corresponding Graph/Chart)              III-86

         Table 116: UK 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-87

  4e. SPAIN                                                             III-88
      A.Market Analysis                                                 III-88
        Outlook                                                         III-88
      B.Market Analytics                                                III-88
        Value Analytics                                                 III-88
         Table 117: Spanish Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-88

         Table 118: Spanish Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-89

         Table 119: Spanish 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-90
        Volume Analytics                                                III-91
         Table 120: Spanish Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-91

         Table 121: Spanish Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-92

         Table 122: Spanish 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-93

  4f. RUSSIA                                                            III-94
      A.Market Analysis                                                 III-94
        Outlook                                                         III-94
      B.Market Analytics                                                III-94
        Value Analytics                                                 III-94
         Table 123: Russian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-94

         Table 124: Russian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-95

         Table 125: Russian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-96
        Volume Analytics                                                III-97
         Table 126: Russian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-97

         Table 127: Russian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-98

         Table 128: Russian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-99

  4g. REST OF EUROPE                                                    III-100
      A.Market Analysis                                                 III-100
        Outlook                                                         III-100
        Product Introductions/Innovations                               III-100
        Recent Industry Activity                                        III-100
        QLN (Sweden) - A Key Player                                     III-100
      B.Market Analytics                                                III-101
        Value Analytics                                                 III-101
         Table 129: Rest of Europe Recent Past, Current & Future
         Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-101

         Table 130: Rest of Europe Historic Review for Loudspeakers
         by Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-102

         Table 131: Rest of Europe 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Dollar Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-103
        Volume Analytics                                                III-104
         Table 132: Rest of Europe Recent Past, Current & Future
         Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-104

         Table 133: Rest of Europe Historic Review for Loudspeakers
         by Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-105

         Table 134: Rest of Europe 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Volume Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-106

  5. ASIA-PACIFIC                                                       III-107
      A.Market Analysis                                                 III-107
        Outlook                                                         III-107
      B.Market Analytics                                                III-107
        Value Analytics                                                 III-107
         Table 135: Asia-Pacific Recent Past, Current & Future
         Analysis for Loudspeakers by Country/ Region - China, India
         and Rest of Asia-Pacific Markets Independently Analyzed
         with Annual Sales Figures in US$ Thousand for Years 2013
         through 2020 (includes corresponding Graph/Chart)              III-107

         Table 136: Asia-Pacific Historic Review for Loudspeakers by
         Country/Region - China, India and Rest of Asia-Pacific
         Markets Independently Analyzed with Annual Sales Figures in
         US$ Thousand for Years 2006 through 2012 (includes
         corresponding Graph/Chart)                                     III-108

         Table 137: Asia-Pacific 15-Year Perspective for
         Loudspeakers by Country/Region - Percentage Breakdown of
         Dollar Sales for China, India and Rest of Asia-Pacific
         Markets for Years 2006, 2014 & 2020 (includes corresponding
         Graph/Chart)                                                   III-109

         Table 138: Asia-Pacific Recent Past, Current & Future
         Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-110

         Table 139: Asia-Pacific Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-111

         Table 140: Asia-Pacific 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Dollar Sales for Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-112
        Volume Analytics                                                III-113
         Table 141: Asia-Pacific Recent Past, Current & Future
         Analysis for Loudspeakers by Country/ Region - China, India
         and Rest of Asia-Pacific Markets Independently Analyzed
         with Annual Sales Figures in Thousand Units for Years 2013
         through 2020 (includes corresponding Graph/Chart)              III-113

         Table 142: Asia-Pacific Historic Review for Loudspeakers by
         Country/Region - China, India and Rest of Asia-Pacific
         Markets Independently Analyzed with Annual Sales Figures in
         Thousand Units for Years 2006 through 2012 (includes
         corresponding Graph/Chart)                                     III-114

         Table 143: Asia-Pacific 15-Year Perspective for
         Loudspeakers by Country/Region - Percentage Breakdown of
         Volume Sales for China, India and Rest of Asia-Pacific
         Markets for Years 2006, 2014 & 2020 (includes corresponding
         Graph/Chart)                                                   III-115

         Table 144: Asia-Pacific Recent Past, Current & Future
         Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-116

         Table 145: Asia-Pacific Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-117

         Table 146: Asia-Pacific 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Volume Sales for Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-118

  5a. CHINA                                                             III-119
      A.Market Analysis                                                 III-119
        Outlook                                                         III-119
        Computer Speaker Market: An Overview                            III-119
        Increased Focus on Quality to Drive Exports                     III-119
        Manufacturing Scenario                                          III-120
        Focus on Manufacturing Slim Design & Micro Speakers             III-121
        Product Introduction/Innovation                                 III-121
      B.Market Analytics                                                III-122
        Value Analytics                                                 III-122
         Table 147: Chinese Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-122

         Table 148: Chinese Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-123

         Table 149: Chinese 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-124
        Volume Analytics                                                III-125
         Table 150: Chinese Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-125

         Table 151: Chinese Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-126

         Table 152: Chinese 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-127

  5b. INDIA                                                             III-128
      A.Market Analysis                                                 III-128
        Outlook                                                         III-128
        Product Introductions/Innovations                               III-128
      B.Market Analytics                                                III-129
        Value Analytics                                                 III-129
         Table 153: Indian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-129

         Table 154: Indian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-130

         Table 155: Indian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Dollar Sales for
         Pair Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-131
        Volume Analytics                                                III-132
         Table 156: Indian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-132

         Table 157: Indian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-133

         Table 158: Indian 15-Year Perspective for Loudspeakers by
         Product Segment - Percentage Breakdown of Volume Sales for
         Pair Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-134

  5c. REST OF ASIA-PACIFIC                                              III-135
      A.Market Analysis                                                 III-135
        Outlook                                                         III-135
        Overview of Select Markets                                      III-135
         Hong Kong                                                      III-135
          Raw Speaker Makers in Hong Kong Gear Up for the Challenge     III-135
         Taiwan                                                         III-135
        Product Introductions/Innovations                               III-136
        Recent Industry Activity                                        III-137
        Key Players                                                     III-137
      B.Market Analytics                                                III-139
        Value Analytics                                                 III-139
         Table 159: Rest of Asia-Pacific Recent Past, Current &
         Future Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-139

         Table 160: Rest of Asia-Pacific Historic Review for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2006 through 2012
         (includes corresponding Graph/Chart)                           III-140

         Table 161: Rest of Asia-Pacific 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Dollar Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-141
        Volume Analytics                                                III-142
         Table 162: Rest of Asia-Pacific Recent Past, Current &
         Future Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-142

         Table 163: Rest of Asia-Pacific Historic Review for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2006 through 2012
         (includes corresponding Graph/Chart)                           III-143

         Table 164: Rest of Asia-Pacific 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Volume Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-144

  6. MIDDLE EAST & AFRICA                                               III-145
      A.Market Analysis                                                 III-145
        Outlook                                                         III-145
      B.Market Analytics                                                III-145
        Value Analytics                                                 III-145
         Table 165: Middle East & Africa Recent Past, Current &
         Future Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-145

         Table 166: Middle East & Africa Historic Review for
         Loudspeakers by Product Segment - Pair Speakers, Satellite/
         Subwoofer Speakers, Subwoofer Speakers, Soundbars, In-Wall
         Speakers, Outdoor Speakers, and Other Speaker Markets
         Independently Analyzed with Annual Sales Figures in US$
         Thousand for Years 2006 through 2012 (includes
         corresponding Graph/Chart)                                     III-146

         Table 167: Middle East & Africa 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Dollar Sales for Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-147
        Volume Analytics                                                III-148
         Table 168: Middle East & Africa Recent Past, Current &
         Future Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speaker Markets Independently Analyzed with
         Annual Sales Figures in Thousand Units for Years 2013
         through 2020 (includes corresponding Graph/Chart)              III-148

         Table 169: Middle East & Africa Historic Review for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2006 through 2012
         (includes corresponding Graph/Chart)                           III-149

         Table 170: Middle East & Africa 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Volume Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-150

  7. LATIN AMERICA                                                      III-151
      A.Market Analysis                                                 III-151
        Outlook                                                         III-151
      B.Market Analytics                                                III-151
        Value Analytics                                                 III-151
         Table 171: Latin American Recent Past, Current & Future
         Analysis for Loudspeakers by Geographic Region/Country -
         Brazil and Rest of Latin American Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2013 through 2020 (includes corresponding
         Graph/Chart)                                                   III-151

         Table 172: Latin American Historic Review for Loudspeakers
         by Geographic Region/Country - Brazil and Rest of Latin
         American Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2006 through 2012
         (includes corresponding Graph/Chart)                           III-152

         Table 173: Latin American 15-Year Perspective for
         Loudspeakers by Geographic Region/ Country - Percentage
         Breakdown of Dollar Sales for Brazil and Rest of Latin
         American Markets for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-153

         Table 174: Latin American Recent Past, Current & Future
         Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speaker Markets Independently Analyzed with
         Annual Sales Figures in US$ Thousand for Years 2013 through
         2020 (includes corresponding Graph/Chart)                      III-154

         Table 175: Latin American Historic Review for Loudspeakers
         by Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-155

         Table 176: Latin American 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Dollar Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-156
        Volume Analytics                                                III-157
         Table 177: Latin American Recent Past, Current & Future
         Analysis for Loudspeakers by Geographic Region/Country -
         Brazil and Rest of Latin American Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2013 through 2020 (includes corresponding
         Graph/Chart)                                                   III-157

         Table 178: Latin American Historic Review for Loudspeakers
         by Geographic Region/ Country - Brazil and Rest of Latin
         American Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2006 through 2012
         (includes corresponding Graph/Chart)                           III-158

         Table 179: Latin American 15-Year Perspective for
         Loudspeakers by Geographic Region/Country - Percentage
         Breakdown of Volume Sales for Brazil and Rest of Latin
         American Markets for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-159

         Table 180: Latin American Recent Past, Current & Future
         Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-160

         Table 181: Latin American Historic Review for Loudspeakers
         by Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-161

         Table 182: Latin American 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Volume Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-162

  7a. BRAZIL                                                            III-163
      A.Market Analysis                                                 III-163
        Outlook                                                         III-163
      B.Market Analytics                                                III-163
        Value Analytics                                                 III-163
         Table 183: Brazilian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-163

         Table 184: Brazilian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in US$ Thousand for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-164

         Table 185: Brazilian 15-Year Perspective for Loudspeakers
         by Product Segment - Percentage Breakdown of Dollar Sales
         for Pair Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-165
        Volume Analytics                                                III-166
         Table 186: Brazilian Recent Past, Current & Future Analysis
         for Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2013 through 2020
         (includes corresponding Graph/Chart)                           III-166

         Table 187: Brazilian Historic Review for Loudspeakers by
         Product Segment - Pair Speakers, Satellite/Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speaker Markets Independently
         Analyzed with Annual Sales Figures in Thousand Units for
         Years 2006 through 2012 (includes corresponding
         Graph/Chart)                                                   III-167

         Table 188: Brazilian 15-Year Perspective for Loudspeakers
         by Product Segment - Percentage Breakdown of Volume Sales
         for Pair Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speakers for Years 2006, 2014 & 2020 (includes
         corresponding Graph/Chart)                                     III-168

  7b. REST OF LATIN AMERICA                                             III-169
      A.Market Analysis                                                 III-169
        Outlook                                                         III-169
      B.Market Analytics                                                III-169
        Value Analytics                                                 III-169
         Table 189: Rest of Latin America Recent Past, Current &
         Future Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speaker Markets Independently Analyzed with
         Annual Sales Figures in US$ Thousand for Years 2013 through
         2020 (includes corresponding Graph/Chart)                      III-169

         Table 190: Rest of Latin America Historic Review for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in US$ Thousand for Years 2006 through 2012
         (includes corresponding Graph/Chart)                           III-170

         Table 191: Rest of Latin America 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Dollar Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-171
        Volume Analytics                                                III-172
         Table 192: Rest of Latin America Recent Past, Current &
         Future Analysis for Loudspeakers by Product Segment - Pair
         Speakers, Satellite/ Subwoofer Speakers, Subwoofer
         Speakers, Soundbars, In-Wall Speakers, Outdoor Speakers,
         and Other Speaker Markets Independently Analyzed with
         Annual Sales Figures in Thousand Units for Years 2013
         through 2020 (includes corresponding Graph/Chart)              III-172

         Table 193: Rest of Latin America Historic Review for
         Loudspeakers by Product Segment - Pair Speakers,
         Satellite/Subwoofer Speakers, Subwoofer Speakers,
         Soundbars, In-Wall Speakers, Outdoor Speakers, and Other
         Speaker Markets Independently Analyzed with Annual Sales
         Figures in Thousand Units for Years 2006 through 2012
         (includes corresponding Graph/Chart)                           III-173

         Table 194: Rest of Latin America 15-Year Perspective for
         Loudspeakers by Product Segment - Percentage Breakdown of
         Volume Sales for Pair Speakers, Satellite/ Subwoofer
         Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers,
         Outdoor Speakers, and Other Speakers for Years 2006, 2014 &
         2020 (includes corresponding Graph/Chart)                      III-174


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 390 (including Divisions/Subsidiaries - 427)

     The United States (151)
     Canada (14)
     Japan (11)
     Europe (169)
     - France (13)
     - Germany (44)
     - The United Kingdom (48)
     - Italy (15)
     - Spain (4)
     - Rest of Europe (45)
     Asia-Pacific (Excluding Japan) (80)
     Middle East (2)
Additional Information:
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Date of Publication:
Feb 10, 2015
Number of Pages:
692 Pages
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