Global Speaker Driver Market Forecast to 2028
The global speaker driver market size is expected to reach USD 31.18 billion and register a CAGR of 2.3% during the forecast period, according to the latest analysis by Emergen Research. Key market revenue growth driving factors include increasing use of consumer electronics such as televisions, smartphones, smart watches, washing machines, smart televisions, etc. In addition, the rapid adoption of online audio and video streaming services is another factor driving market revenue growth. Rising disposable income among consumers, improving standards of living, rapid urbanization, robust penetration of mobile phones, and high-speed and reducing costs of Internet connectivity are some other factors supporting market growth. The introduction of airpods has a significant role to play in the growth of the market. Demand for these products has been increasing due to rising preference for convenience, as these products connect wirelessly via any audio or video device and eliminate the hassles experienced using wired headsets. Technological advancements and the introduction of more advanced products, such as notch-less smartphones, are further expected to support market growth going forward.
The market for Speaker Driver is thoroughly examined in the Global Speaker Driver Market Research Report and Forecast to 2028, which also includes market size and share, current and future trends, and the most recent technological developments. The research provides a complete forecast through 2028 as well as insight into the regional and global competitive landscape of the Speaker Driver market. The new study offers up-to-date details on the COVID-19 pandemic's effects on the market for Speaker Driver. It examines how the outbreak changed the political climate and judicial system in each location. Along with providing a present and future, it also examines the economic instability and supply chain disruptions brought on by the disease.
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Competitive Terrain:
The global Speaker Driver industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Sennheiser Electronic GmbH Co. KG , Samsung Electronics , Sony Corporation, Knowles Electronics, Goertek, Beyerdynamic GmbH Co. KG , Fostex International, Eastech, Voz Electronic Co., Ltd., and Fortune Grand Technology Inc
Research Report on the Speaker Driver Market Addresses the Following Key Questions:
Who are the dominant players of the Speaker Driver market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Speaker Driver market?
What are the key growth drivers and restraining factors of the Speaker Driver market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Speaker Driver market and its key segments?
Market Overview:
The report bifurcates the Speaker Driver market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Device Type Outlook (Revenue, USD Billion; 2018–2028)
Headphones/Earphones
Hearing Aids
Smart Speakers
Mobile Phones/Tablets
Loudspeakers
Size Outlook (Revenue, USD Billion; 2018–2028)
Below 20 mm
20–110 mm
Application Outlook (Revenue, USD Billion; 2018–2028)
Professional/Enterprise
Consumer
Medical
Others (banking, travel and tourism, hospitality, and education)
Regional Landscape section of the Speaker Driver report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights from the Report
In September 2020, CX 400BT True Wireless was launched by Sennheiser, and delivers high fidelity stereo sound with natural meds and deep bass due to the presence of 7mm dynamic driver.
In May 2020, HD 458BT wireless headphones was launched by Sennheiser with a stylish new design.
Asia Pacific accounted for largest revenue share contribution to the global market in 2020 and the trend is expected to continue over the forecast period. This steady growth can be attributed to presence of key players in countries in the region. China, being the largest producer and consumer of electronics, is a major contributor to revenue growth of the market in the region. Moreover, rising disposable income, increasing penetration of mobile devices, and rapid development of 5G infrastructure in countries such as India, South Korea, China, and Japan is expected to support market growth.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Speaker Driver market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets
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