The Speaker Drivers Global Market Report 2023, provides comprehensive information on the speaker drivers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Speaker Drivers Global Market Report 2023, the market size is expected to grow from $28.23 billion in 2022 to $29.22 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global speaker drivers is expected to grow to $34.57 billion in 2027 at a CAGR of 4.3%.
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The rising popularity of wireless audio equipment is an emerging trend in the speaker drivers market. Due to technological advancements, speaker drivers are now enabled with Bluetooth or Wi-Fi and thus can play audio without any wires connected to them. Consumers’ consumption behaviour is also changing and a majority of the consumers are shifting towards wireless audio equipment due to its convenience. Key players in the market such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are introducing different types of wireless speaker drivers in market. For instance, Sonos Wi-Fi speakers, Bose’s SoundTouch system and Amazon’s Echo speakers are common Wi-Fi audio equipment.
The speaker drivers market is segmented:
1) By Device Type: Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers
2) By Driver Type: Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, ElectroStatic, Other Driver Types
3) By Application: Consumer, Professional/Enterprise, Medical, Other Applications
Asia-Pacific was the largest region in the speaker drivers market in 2022.
The table of contents in TBRC’s speaker drivers market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
- Introduction and Market Characteristics
- Major Market Trends
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- Global Speaker Drivers Market Opportunities And Strategies
- Speaker Drivers Market, Conclusions And Recommendations
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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