Vancouver, BC -- (SBWIRE) -- 05/05/2021 -- 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 latest analysis by Emergen Research. Key market revenue growth driving factors 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 of market.

The report also offers a comprehensive study about the current and emerging trends observed in the market, along with an emphasis on the key driving and restraining factors. The report further sheds light on the micro and macro-economic aspects that are anticipated to shape the demand of the Speaker Driver industry. Moreover, it also covers the competitive landscape, including the profiles and business overview of the key companies and SWOT analysis.

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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.
Major companies operating in market 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.

Market Segmentation:

The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.

For this report, Emergen Research has segmented the global speaker driver market based on device type, size, application, and region.

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)

Key Geographies Encompassed in the Report:

North America (U.S., Canada)
Europe (U.K., Germany, Italy, France, Rest of EU)
AsiaPacific (India, Japan, China, Australia, Rest of APAC)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Fundamental Market Parameters Elucidated in the Report:

Market dynamics: The Speaker Driver market report explains the scope of various commercial possibilities over the next few years and further estimates revenue build-up over the forecast years. It analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers in developing vital strategies for profitable business expansion.

Competitive Outlook: The established market players operating in the Speaker Driver industry have been listed in this report, with a major focus on their geographical reach and production facilities. To gain a competitive advantage over the other players in the Speaker Driver industry, the leading players are focusing more on offering products at rational prices.

Objectives of the Report: The chief aim of the research report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Speaker Driver market.

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Speaker Driver Market Segmentation & Impact Analysis
    4.1. Speaker Driver Market Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Robust penetration of mobile phones
                    4.2.2.2. Availability of high-speed and cheaper internet connectivity
                    4.2.2.3. Rise in the demand for consumer electronics
                    4.2.2.4. New Product launches by key players
          4.2.3. Market restraints analysis 
                    4.2.3.1. Careless listening habits through earphones/headphones by consumers 
                    4.2.3.2. Decline in the production of speaker enabled devices during COVID-19 pandemic 
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter's Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Speaker Driver Market By Device Type Insights & Trends, Revenue (USD Billion)
    5.1. Device Type Dynamics & Market Share, 2021 & 2028
          5.1.1. Headphones/Earphones
          5.1.2. Hearing Aids
          5.1.3. Smart Speakers
          5.1.4. Mobile Phones/Tablets
          5.1.5. Loudspeakers

CONTINUED..!!

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