The latest market intelligence report offers valuable insights into the prevailing growth opportunities for the global Speaker Driver market and its intensely competitive scenario. The insightful data and information in the report have been gathered from a wide range of primary and secondary sources. The extensive overview of the market is also inclusive of an in-depth summary of the competitive landscape of the market on both regional and global levels. Thus, the Global Speaker Driver Market report’s sample copy includes a brief analysis of the Speaker Driver industry, list of tables and figures, table of contents, competitive landscape, geographical segmentation, innovations, and future developments based on various research methodologies.
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 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, rapid adoption of online audio and video streaming services is another factor driving revenue growth of market. Rising disposable income among consumers, improving standards of living, rapid urbanization, and robust penetration of mobile phones and high-speed and reducing costs of Internet connectivity are some other factors supporting market growth. Introduction of airpods has a significant role to play in growth of market. Demand for wireless these products has been increasing due to rising preference for more convenience as these products connect wirelessly via any audio or video device and eliminate the hassles experienced using wired headsets. Technological advancements and introduction of more advanced products such as notch less smartphones is further expected to support market growth going ahead.
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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 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
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The global market has been categorized on the basis of product type, application gamut, end-user industries, and the competitive hierarchy. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further entails a clear outline of the market’s intensely competitive atmosphere to help businesses and industry stakeholders decipher the optimal business moves and achieve their business goals.
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)
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Geographical Analysis:
The report offers a comprehensive analysis of the current growth prospects for the regional segments of the Speaker Driver market. It further gauges their revenue share for the forecast period. Furthermore, the report analyzes the year-on-year growth rate of the market in these regions for the forecast period.
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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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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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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