Samsung Electronics Maintains Global Leadership Position in Soundbar Industry for Tenth Consecutive Year with 20.3% Market Share – 2023 Report

According to FutureSource Consulting’s annual report, Samsung Electronics maintained its global leadership position in the soundbar industry in 2023 for the tenth consecutive year with a market share of 20.3% and a contribution of 18.8% to the total sales volume of the business.

Over the years, Samsung has consistently pushed the boundaries of home entertainment systems, earning a reputation for excellence and innovation. Iconic features like Q-Symphony[1] and SpaceFit Sound[2] has revolutionized the listening experience, providing users with truly immersive sound that adapts perfectly to their environment.

This year, Samsung continues its pursuit of innovation by offering a range of sound bars with enhanced audio features thanks to artificial intelligence, as well as expanded connectivity options, thus aiming to to attract consumers and cinema enthusiasts to a residence.

Its most advanced model, the HW-Q995D, offers impressive 11.1.4 surround sound and enhanced Q-Symphony functionality. Using AI, this soundbar analyzes and synchronizes voice channels to deliver clear communication and an immersive soundscape across all speakers. With SpaceFit Sound Pro for personalized audio calibration, this model ensures an immersive experience anywhere. Its HDMI 2.1 and 4K / 120Hz connection allows it to meet the needs of the most demanding users looking for the most advanced home entertainment systems.

“We are delighted to once again receive this recognition as a market leader in audio bands, an important milestone that reflects the positive feedback from our customers over the years,” said Cheolgi Kim, vice -executive president of the Visual Display division at Samsung Electronics. “We will continue our commitment to pushing the boundaries of home entertainment through exceptional sound quality and advanced connectivity features. By using AI-powered audio technology, we aim to improve the user experience and strengthen Samsung’s position in the global market. “

[1] Q-Symphony technology is compatible with Samsung QLED and Neo QLED (from 2021 models), OLED (from 2022 models) and The Frame (from 2022 models) televisions. It requires an HDMI, optical or Wi-Fi connection to the TV.

[2] SpaceFit Sound is compatible with select Samsung TVs.