Market Overview:
The global wired speaker market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wired speakers from the consumer electronics and entertainment industries. In addition, the growing demand for high-quality audio systems is also contributing to the growth of this market. The global wired speaker market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into low frequency, medium frequency, and high frequency speakers. Low frequency speakers are used for producing deep bass sounds while medium frequency and high-frequency speakers are used for producing higher pitched sounds. On the basis of application, it can be classified into consumer electronics, entertainment industry, and others (including healthcare facilities and educational institutions). The consumer electronics segment is expected to account for a major share of this market during the forecast period owing to rising demand for home theater systems and sound bars worldwide.
Product Definition:
A wired speaker is a type of loudspeaker that is connected to an electrical audio amplifier or receiver with a wire. This type of speaker usually has a more powerful sound than those that are wireless.
Low Frequency:
Low-frequency sound waves with a very long wavelength travel through the air and hit the eardrum. Low frequencies are usually from 20 to 200 cycles per second (CPS). High-frequency sound waves have short wavelengths and they Hit the Eardrum at a particular time. The higher the pitch of high frequency sound wave, more likely it will cause hearing loss if exposure is too high for too long.
Medium Frequency:
Medium Frequency ( MF ) is the range of sound between 20 to 20,000 hertz. The human voice has a frequency range of approximately from low pitch (~20 hz) to high pitch (~22 Khz), and thus MF are generally used for reproducing the audio signal without any noticeable distortion.
Application Insights:
The consumer electronics segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. This can be attributed to increasing demand for wireless speakers in smartphones, tablets, laptops and smart TVs among other devices. The entertainment industry is also expected to emerge as a lucrative market owing to rising use of wireless speakers at live concerts and events where sound reinforcement system needs proper integration with technology. Increasing use of such systems at sports arenas, theaters, museums and other places where there's a need for clear audio output will drive the growth further.
Regional Analysis:
Europe dominated the global market in 2017 owing to growing demand for high-quality sound system at home and office. The region is expected to maintain its dominance over the forecast period due to increasing penetration of high-speed internet services and rising adoption of smart devices, such as laptops, mobiles, tablets, etc. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of increasing disposable income levels coupled with rising population in developing countries including China and India. Furthermore, increased spending on household electrical & electronics goods along with rapid urbanization are some other factors driving growth in this region.
North America accounted for more than 25% share of global revenue in 2017 owing both volume as well as revenue based estimates due presence major technology companies such as Google Inc., Apple Inc.
Growth Factors:
- Increasing demand for high-quality audio content: With the increasing penetration of smartphones and other portable devices, there is a growing demand for high-quality audio content. This is providing a major impetus to the growth of the wired speaker market.
- Rising popularity of home entertainment systems: Home entertainment systems are becoming increasingly popular, with consumers preferring to buy multi-functional devices that can be used for various purposes such as listening to music, watching movies, and playing games. This is aiding the growth of the wired speaker market.
- Proliferation of online streaming services: The proliferation of online streaming services such as Netflix, Hulu Plus, and Spotify has led to a surge in demand for quality audio content among consumers worldwide. This is benefiting the wired speaker market significantly.
- Growing trend of using wireless speakers: A growing number of consumers are now opting for wireless speakers over traditional wired ones due to their portability and ease-of-use features. However, this could pose a challenge to the growth prospects of Wired Speaker market in near future . 5) Technological advancements: Rapid advancements in technology are resulting in innovative products being launched in thewired speakermarket on regular basis .This is helping fuel itsgrowth significantly
Scope Of The Report
Report Attributes
Report Details
Report Title
Wired Speaker Market Research Report
By Type
Low Frequency, Medium Frequency, High Frequency
By Application
Consumer Electronics, Entertainment Industry, Others
By Companies
Sony Corp, Bose Corp, Samsung Electronics Co. Ltd., Panasonic Corp, LG Electronics Inc., Koninklijke Philips NV, Apple Inc., Xiaomi Corp, Amazon.com Inc., Alphabet Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Wired Speaker Market Report Segments:
The global Wired Speaker market is segmented on the basis of:
Types
Low Frequency, Medium Frequency, High Frequency
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Entertainment Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sony Corp
- Bose Corp
- Samsung Electronics Co. Ltd.
- Panasonic Corp
- LG Electronics Inc.
- Koninklijke Philips NV
- Apple Inc.
- Xiaomi Corp
- Amazon.com Inc.
- Alphabet Inc.
Highlights of The Wired Speaker Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Frequency
- Medium Frequency
- High Frequency
- By Application:
- Consumer Electronics
- Entertainment Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wired Speaker Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wired Speaker is a wireless speaker that connects to your smartphone or tablet through Bluetooth. It has a built-in amplifier and can play music from your device, as well as receive calls and notifications. The speaker also has an auxiliary input for connecting other audio sources, such as an MP3 player or TV.
Some of the key players operating in the wired speaker market are Sony Corp, Bose Corp, Samsung Electronics Co. Ltd., Panasonic Corp, LG Electronics Inc., Koninklijke Philips NV, Apple Inc., Xiaomi Corp, Amazon.com Inc., Alphabet Inc..
The wired speaker market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wired Speaker Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wired Speaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wired Speaker Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wired Speaker Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wired Speaker Market Size & Forecast, 2020-2028
4.5.1 Wired Speaker Market Size and Y-o-Y Growth
4.5.2 Wired Speaker Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Frequency
5.2.2 Medium Frequency
5.2.3 High Frequency
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Entertainment Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wired Speaker Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wired Speaker Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Frequency
9.6.2 Medium Frequency
9.6.3 High Frequency
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Entertainment Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Frequency
10.6.2 Medium Frequency
10.6.3 High Frequency
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Entertainment Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Frequency
11.6.2 Medium Frequency
11.6.3 High Frequency
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Entertainment Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Frequency
12.6.2 Medium Frequency
12.6.3 High Frequency
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Entertainment Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Frequency
13.6.2 Medium Frequency
13.6.3 High Frequency
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Entertainment Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wired Speaker Market: Competitive Dashboard
14.2 Global Wired Speaker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sony Corp
14.3.2 Bose Corp
14.3.3 Samsung Electronics Co. Ltd.
14.3.4 Panasonic Corp
14.3.5 LG Electronics Inc.
14.3.6 Koninklijke Philips NV
14.3.7 Apple Inc.
14.3.8 Xiaomi Corp
14.3.9 Amazon.com Inc.
14.3.10 Alphabet Inc.
