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. Demand for wireless headsets has been increasing due to rising preferences 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 the introduction of more advanced products, such as notch-less smartphones, are further expected to support market growth going forward.
By carefully analyzing the vital commercial data and broad geographic dispersion of the business, Emergen Research created a market research study on Speaker Driver. The study provides comprehensive coverage of the qualitative and quantitative analysis of the market for Speaker Driver as well as important market statistics. The study paper offers current estimates through 2021 as well as historical data from 2017 to 2018. The profiles of both well-known and emerging industry participants in the research contain a summary of the company, its product portfolio, strategic relationships, and corporate expansion goals.
The speaker driver market is a segment of the larger audio industry that deals with the production and distribution of various types of speaker drivers used in audio devices such as headphones, earphones, loudspeakers, and more.
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Global Speaker Driver Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Speaker Driver market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Speaker Driver market and pinpoint the fundamental growth trends.
Key Companies Profiled 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
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
Regional Segmentation:
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
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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.
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)
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Additional information offered by the report:
Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots 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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