The Global Speaker Driver Market Will Be Driven By Growing Military Capabilities In The Forecast Period Of 2022-2027
The new Expert Market Research report entitled ‘Global speaker driver market price, Size, Share, Growth, Analysis, Report and Forecast 2022-2027′, provides an in-depth analysis of the global speaker driver market, evaluating the speaker driver market based on its segments like device types, driver types , driver sizes, applications and the main regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
Highlights of the report include:
Market Overview (2017-2027)
- Historic market size (2021): about $26.2 billion
- Forecast CAGR (2022-2027): 40%
- Market Size Forecast (2027): Nearly $30.2 Billion
Based on device type, the headphone segment is anticipated to account for a significant share of the global speaker driver market. This can be attributed to the increased demand for headphones in recent years. Furthermore, the recent developments in Bluetooth by both established and new market players in the market are further attracting customers thereby positively influencing the market. Additionally, market growth is being led by the increasing adoption of headsets by working professionals due to WFH trends. The continued demand for headphones from sports professionals is another factor contributing to the growth of the market. In addition, the increasing penetration of lightweight, durable and affordable headphones is another factor that enhances the growth of the market in recent years.
Industry definition and segmentation
A speaker driver refers to a speaker transducer that converts an electrical audio signal into sound waves. These drivers are available in different sizes and move back and forth to create changes in air pressure and thus produce sound. Most speakers usually come with multiple drivers, which are divided with the help of crossovers.
Based on the type of device, the market can be divided into:
- smart speaker
- Mobile phones/tablets
Based on the type of driver, the market can be segmented into:
- dynamic drivers
- Balanced Armature Drivers
- Planar Magnetic
The market, depending on the size of the controller, can be distinguished into:
- Below 20mm
- 20-110 mm
Depending on the application, the market can be classified into:
Regional markets for the loudspeaker driver include:
- North America
- Pacific Asia
- Latin America
- Middle East and Africa
Growth in the global speaker driver market is being driven by rising ownership of consumer electronics like smartphones and laptops. This can be attributed to the increase in per capita disposable income and the subsequent increase in people’s purchasing power. Furthermore, with the increasing prevalence of OTT and video-on-demand platforms, the demand for personal headsets is increasing, driving the growth of the market. Furthermore, the market is also experiencing growth in medical applications. Furthermore, the implementation of speaker drivers in hearing aids is positively impacting the growth of the market.
Key market players
Major market players include Goertek Inc., Sony Corporation, Beyerdynamic GmbH & Co. KG, Meilu Industrial Co., Ltd., and Eastech Holding Limited, among others. The report covers market shares, capacities, plant changes, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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