The global speaker market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for smart speakers and portable speakers. The demand for home audio speakers is also expected to increase due to the growing popularity of home theater systems and soundbars.
The global speaker market by type is segmented into portable speaker, smart speaker, and home audio speaker. The portable speaker segment accounted for the largest share in 2018 with a share of over 50%. This can be attributed to its low cost and ease of use as compared with other types of speakers such as smart or home audio speakers which are more expensive than portable ones. Smart speakers are expected to grow at a CAGR of 12% during the forecast period owing to their ability in providing voice-controlled accesses such as music streaming services, weather updates, news updates etc, thereby making them popular among consumers who want an easy way out from using their smartphones or laptops for these tasks. Home audio speakers are also projected to grow at a CAGR of 7% during the forecast period owing mainly due its increasing popularity among consumers who want high-quality sound output without having any technical knowledge about it.
-The speaker market is also growing because of the increase in demand for smart speakers.
-The speaker market is also growing because of the increase in demand for portable speakers.
-The speaker market is also growing because of the increase in demand for Bluetooth speakers.
-The speaker market is also growing due to an increased number of people who are using their smartphones as a music player and are looking to buy a better quality sound system that can be used with their phone.
Industry Growth Insights published a new data on “Speaker Market”. The research report is titled “Speaker Market research by Types (Portable Speaker, Smart Speaker, Home Audio Speaker, Other), By Applications (Home Use, Commercial), By Players/Companies Bose Corporation, Sony, Beats Inc, Harman International, Yamaha Corporation of America, Audiovox Corporation, Poineer, Logitech, Sennheiser, Polk Audio, Altec Lansing, Creative, Samsung, Philips, Panasonic, LG, Doss, Edifier, Bowers & Wilkins”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Speaker Market Research Report
By Type
Portable Speaker, Smart Speaker, Home Audio Speaker, Other
By Application
Home Use, Commercial
By Companies
Bose Corporation, Sony, Beats Inc, Harman International, Yamaha Corporation of America, Audiovox Corporation, Poineer, Logitech, Sennheiser, Polk Audio, Altec Lansing, Creative, Samsung, Philips, Panasonic, LG, Doss, Edifier, Bowers & Wilkins
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Speaker Market Report Segments:
The global Speaker market is segmented on the basis of:
Types
Portable Speaker, Smart Speaker, Home Audio Speaker, Other
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
Home Use, Commercial
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:
- Bose Corporation
- Sony
- Beats Inc
- Harman International
- Yamaha Corporation of America
- Audiovox Corporation
- Poineer
- Logitech
- Sennheiser
- Polk Audio
- Altec Lansing
- Creative
- Samsung
- Philips
- Panasonic
- LG
- Doss
- Edifier
- Bowers & Wilkins
Highlights of The 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:
- Portable Speaker
- Smart Speaker
- Home Audio Speaker
- Other
- By Application:
- Home Use
- Commercial
- 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 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
A speaker is a component of a computer system that converts the electrical signals generated by the CPU into audible sound waves.
Some of the major players in the speaker market are Bose Corporation, Sony, Beats Inc, Harman International, Yamaha Corporation of America, Audiovox Corporation, Poineer, Logitech, Sennheiser, Polk Audio, Altec Lansing, Creative, Samsung, Philips, Panasonic, LG, Doss, Edifier, Bowers & Wilkins.
The speaker market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Speaker Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Speaker Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Speaker Market - Supply Chain
4.5. Global Speaker Market Forecast
4.5.1. Speaker Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Speaker Market Size (000 Units) and Y-o-Y Growth
4.5.3. Speaker Market Absolute $ Opportunity
5. Global Speaker Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Speaker Market Size and Volume Forecast by Type
5.3.1. Portable Speaker
5.3.2. Smart Speaker
5.3.3. Home Audio Speaker
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Speaker Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Speaker Market Size and Volume Forecast by Application
6.3.1. Home Use
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Speaker Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Speaker Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Speaker Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Speaker Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Speaker Demand Share Forecast, 2019-2026
9. North America Speaker Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Speaker Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Speaker Market Size and Volume Forecast by Application
9.4.1. Home Use
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Speaker Market Size and Volume Forecast by Type
9.7.1. Portable Speaker
9.7.2. Smart Speaker
9.7.3. Home Audio Speaker
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Speaker Demand Share Forecast, 2019-2026
10. Latin America Speaker Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Speaker Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Speaker Market Size and Volume Forecast by Application
10.4.1. Home Use
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Speaker Market Size and Volume Forecast by Type
10.7.1. Portable Speaker
10.7.2. Smart Speaker
10.7.3. Home Audio Speaker
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Speaker Demand Share Forecast, 2019-2026
11. Europe Speaker Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Speaker Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Speaker Market Size and Volume Forecast by Application
11.4.1. Home Use
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Speaker Market Size and Volume Forecast by Type
11.7.1. Portable Speaker
11.7.2. Smart Speaker
11.7.3. Home Audio Speaker
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Speaker Demand Share, 2019-2026
12. Asia Pacific Speaker Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Speaker Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Speaker Market Size and Volume Forecast by Application
12.4.1. Home Use
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Speaker Market Size and Volume Forecast by Type
12.7.1. Portable Speaker
12.7.2. Smart Speaker
12.7.3. Home Audio Speaker
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Speaker Demand Share, 2019-2026
13. Middle East & Africa Speaker Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Speaker Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Speaker Market Size and Volume Forecast by Application
13.4.1. Home Use
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Speaker Market Size and Volume Forecast by Type
13.7.1. Portable Speaker
13.7.2. Smart Speaker
13.7.3. Home Audio Speaker
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Speaker Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Speaker Market: Market Share Analysis
14.2. Speaker Distributors and Customers
14.3. Speaker Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bose Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sony
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Beats Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Harman International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yamaha Corporation of America
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Audiovox Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Poineer
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Logitech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sennheiser
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Polk Audio
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Altec Lansing
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Creative
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Samsung
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Philips
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Panasonic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. LG
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Doss
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Edifier
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Bowers & Wilkins
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
