The Business Research Company’s In Ceiling Speaker Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The In Ceiling Speaker Global Market Report 2023 evaluates in ceiling speaker market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global in-ceiling speaker market is expected to grow from $5.48 billion in 2022 to $5.94 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 in-ceiling speaker market is expected to reach $7.94 billion in 2027 at a CAGR of 7.5%.
Growth in the film industry is expected to propel the growth of the in-ceiling speaker market going forward. The film industry encompasses all individuals in filming motion films, television programs, documentaries, and advertisements on film, tape, or digital format. In-celling speakers with the ultimate Dolby Atmos cinema system offer better and more realistic sound experiences during movies by replicating sounds above and below the listeners. For instance, according to The Numbers, a US-based company that provides detailed movie financial analysis, including box office, DVD, and Blu-ray sales reports, and release schedules, the total number of tickets sold in the US domestic market increased from 711.80 million in 2022 to 881.80 million in 2023. Further, total domestic box office collections increased from $7,426.00 million in 2022 to $9,214.89 million in 2023. Therefore, growth in the film industry is driving growth of the in-ceiling speaker market.
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The in ceiling speaker market segments in the report are:
1) By Type: Active, Passive
2) By Connection: Wired, Wireless
3) By Technology: Mono, Stereo, Surround
4) By Application: Residential, Commercial, Institutional, Hospitality
The table of contents in TBRC’s in ceiling speaker market report includes:
1. Executive Summary
2. In-Ceiling Speaker Market Characteristics
3. In-Ceiling Speaker Market Trends And Strategies
4. In-Ceiling Speaker Market – Macro Economic Scenario
5. In-Ceiling Speaker Market Segmentation
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26. South America In-Ceiling Speaker Market
27. Brazil In-Ceiling Speaker Market
28. Middle East In-Ceiling Speaker Market
29. Africa In-Ceiling Speaker Market
30. In-Ceiling Speaker Market Competitive Landscape And Company Profiles
Top Major Players:
- Robert Bosch GmbH
- JBL Inc
- Bose Corporation
- Sonos Inc
- Leviton Manufacturing Co. Inc
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