Global Speaker Driver Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
A speaker driver is also known as an electrodynamic speaker driver that transforms an electrical audio signal to sound waves. Speaker drivers play a very significant role in lessening the audio output quality of the headphones. The increasing popularity of bass-heavy headphones, the growing popularity of adoption of audio and video streaming services, coupled with the emergence of technologically advanced speaker drivers are the major factors that are surging the market demand across the globe. For instance, according to Statista, in 2018, there were around 278 million music streaming subscribers were accounted, and the number grows and reached to 487 million subscribers during the first quarter of 2021. Consequentially, the growing popularity of audio streaming services is anticipated to fuel the demand for speaker drivers, thus, in turn, accelerating the market growth in the impending years. However, harmful effects on the health of listeners and volatility of prices in raw materials impede the growth of the market over the forecast period of 2022-2028. Also, advancements in wireless technology standards and the growing use of video conferencing platforms to benefit speaker driver manufacturers are anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Speaker Driver Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the high technological developments and rising investments in R&D activities. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing demand for smartphones, as well as rising preference for a high-quality audio experience service, would create lucrative growth prospects for the Speaker Driver Market across the Asia-Pacific region.
Major market players included in this report are:
Sennheiser Electronic GmbH & Co. KG
Samsung Electronics Co. Ltd.
Sony Corporation
Knowles Electronics
Beyerdynamic GmbH & Co. KG
Fostex International
Voz Electronic co., Ltd
Fortune Grand Technology Inc.
Premium Sound Solutions Pvt. Ltd.
AAC Technologies Holdings, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Mobile Phones/Tablets
Headphones/Earphones
Smart Speakers
Others
By Driver
Dynamic Driver
Balanced Armature Driver
Planar Magnetic
Electrostatic
Others
By Application
Consumer
Professional/Enterprise
Medical
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Speaker Driver Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
