Global Speaker Driver Market, By Device Type (Headphone/Earphone, Hearing Aid, Mobile Phones/Tablets, Smart Speakers, Loudspeakers), Driver Type (Dynamic Drivers, Planar Magnetic Drivers, Electrostatic Drivers, Balanced Armatures, Others), Driver Size (Below 20 MM, 20–110 MM, Others), Application (Consumer, Professional/Enterprise, Medical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Speaker Driver Market
Speaker driver market size is valued at USD 31.18 billion by 2028 is expected to grow at a compound annual growth rate of 2.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on speaker driver provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Speaker driver is a type of a transducer which helps to converts an electrical audio signal to sound waves. It is a kind of a loudspeaker with output in the form of sound.
The rise in the popularity of bass-heavy headphones is expected to influence the growth of speaker driver market over the forecast period of 2021 to 2028. Also the rapid advancements in wireless technology standards and high adoption of audio streaming services across the globe are also anticipated to flourish the growth of the speaker driver market. Furthermore, the high adoption of audio and video streaming services and rise in the popularity of true wireless earphones are also likely to positively impact the growth of the market. Moreover, the high demand for wireless and small-sized earphones among fitness enthusiasts and the increase in the demand for earbuds propels are also expected create a huge demand for speaker driveras well as lifting the growth of the speaker driver market.
However, the harmful effects on the health of listeners and price of raw materials are expected to act as the major limitations for the growth of speaker driver in the above mentioned forecasted period, whereas the cleaner bass may lead to uneven frequency response which can challenge the speaker driver market growth in the forecast period of 2021 to 2028.
Likewise, the development of 5G network to increase sale of smartphones and speaker drivers, rise in the use of video conferencing platforms and rapid advancements in hearing aid technology are expected to create various new opportunities that will lead to the growth of the speaker driver market in the above mentioned forecasted period.
This speaker driver market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on speaker driver market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Speaker Driver Market Scope and Market Size
Speaker driver market is segmented on the basis of device type, driver type, driver size and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of device type, the speaker driver market is segmented into headphone/earphone, hearing aid, mobile phones/tablets, smart speakers and loudspeakers.
- On the basis of driver type, the speaker driver market is segmented into dynamic drivers, planar magnetic drivers, electrostatic drivers, balanced armatures and others.
- The driver size segment of the speaker driver market is segmented into below 20 mm, 20–110 mm and others.
- Based on application, the speaker driver market is segmented into consumer, professional/enterprise, medical and others.
Speaker Driver Market Country Level Analysis
Speaker driver market is analyzed and market size, volume information is provided by country, device type, driver type, driver size and application as referenced above.
The countries covered in the speaker driver market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the speaker driver market due to the high demand for smartphones and the rise in the preference for a high-quality audio experience. North America is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to the various product launches and developments by several manufactures.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Speaker Driver Market Share Analysis
Speaker driver market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to speaker driver market.
The major players covered in the speaker driver market report are Sennheiser electronic GmbH & Co. KG, SAMSUNG, SONY ELECTRONICS INC., Knowles Electronics, LLC, Goertek, Beyerdynamic GmbH & Co. KG, Fostex Company, CONCRAFT HOLDING CO., LTD., EASTECH HOLDING LIMITED, Co., VOZ, Fortune Grand Technology Inc., Tymphany HK Limited, Premium Sound Solutions, Ole Wolff Elektronik A/S, Koninklijke Philips N.V., AAC Technologies, Sonion, Klipsch Group, Inc., Molex, and Audeze LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-