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 latest report by emergen research, titled ‘Global Speaker Driver Market’, covers the current situation of the Speaker Driver Market that has been gravely impacted by the COVID-19 outbreak. The market intelligence report analyzes the pandemic’s drastic impact on the global economy, including the severe disruptions to this business sphere. The coronavirus outbreak has beleaguered the Speaker Driver Market business landscape and posed severe threats to the developmental scope of various manufacturers and buyers involved in this sector. The report further discusses the profound impact of the global health crisis on the existing market scenario, accompanied by speculations about its post-COVID-19 scenario.
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Covid 19 analysis:
The current COVID-19 pandemic is expected to have an effect on the growth of the Speaker Driver Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Speaker Driver Market sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Speaker Driver Market industry.
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.
Key players in the market include :
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.
Summary of the key points of the report:
Company Profiles: This component of the report depicts the company profiles of the leading players participating in the Speaker Driver Market industry. The market value & volume, production capacity, product portfolios, and other vital aspects of these players have been assessed in this report.
Report Overview: This section provides data and information pertaining to the key market manufacturers, their product offerings, historical and future timelines considered, and market scope. It further highlights the principal market segments, including product types, application gamut, end-user industries, and regional analysis.
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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)
- Hearing Aids
- Smart Speakers
- Mobile Phones/Tablets
- Size Outlook (Revenue, USD Billion; 2018–2028)
- Below 20 mm
- 20–110 mm
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Others (banking, travel and tourism, hospitality, and education)
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the Speaker Driver Market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Key questions addressed in the report:
- What is the projected growth rate likely to be witnessed by each market region?
- Which of the leading Speaker Driver Market regions accounts for the maximum market share over the forecast years?
- What sales estimates every region is expected to hold in the Speaker Driver Market in the near future?
- What is each regional segment’s current valuation?
- What are the estimated remunerations of these regions over the forecast timeline?
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
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 Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Surging adoption of HMD in different industries
18.104.22.168. Increasing demand for micro displays used in wearable devices
4.2.3. Market restraints analysis
22.214.171.124. Saturation of markets for digital cameras and projectors
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
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