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 drivers include increasing use of consumer electronics such as televisions, smartphones, smart watches, washing machines, smart televisions, etc. In addition, rapid adoption of online audio and video streaming services is another factor driving revenue growth in the market. Rising disposable income among consumers, improving standards of living, rapid urbanization, and robust penetration of mobile phones and high-speed 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.
The analysis provides accurate growth pattern estimates and looks at the factors influencing market growth in the global Speaker Driver market. The report’s primary focus is on the key market constituents, including market drivers, restraints, opportunities, threats, risks, restrictions, and other factors. The research includes comprehensive studies of the company profiles, product portfolio, and corporate expansion strategies, in addition to a complete investigation of the competition landscape.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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
Target Audience of the Global Speaker Driver Market Report:
- Key Market Players
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- 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)
Market Segmentations of the Speaker Driver Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Speaker Driver market on the basis of product, application, and region:
Segments Covered in this report are:
- Device Type Outlook (Revenue, USD Billion; 2018–2028)
- Hearing Aids
- Smart Speakers
- Mobile Phones/Tablets
- Size Outlook (Revenue, USD Billion; 2018–2028)
- Below 20 mm
- 20–110 mm
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Others (banking, travel and tourism, hospitality, and education)
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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.
Additional information offered by the report:
- Along with a complete overview of the global Speaker Driver market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Speaker Driver market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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