Speaker Market by Type (Smart Speakers, Home Audio Speakers, Portable Speakers, and True Wireless Stereo (TWS)), Size, Medium, and Large), End Use (Personal and Commercial) and Sales Channel (Online and Offline), and Price (Low, Medium, and Premium): Global opportunity Analysis and Industry Forecast, 2021-2027.

ID: VPR/SEM/264 Publishing Year: February 2021 Pages: 128 Format:   


Global Speaker Market Size was valued at $XX million in 2017, and is projected to reached $XX million by 2027, registering a CAGR XX% from 2021 -2027.

Speakers are one of the most common output device used with computer systems. Some speakers are designed to work specifically with computers, while others can be hooked up to any type of sound system. Regardless of their design, the purpose of the speakers is to produce audio output that can be heard by the listener. Speakers are the transducers that convert electromagnetic waves into sound waves. The Speaker receives audio input from the device such as computers or an audio receiver. Furthermore, this input may be either in analog or digital form. Moreover, analog Speakers simply amplify the analog electronic magnetic waves into sound waves. Since the sound waves are produced in analog form, digital speakers must first convert the digital input to an analog signal, then generate the output. Speaker typically comes with the pair, which allow them to produce stereo sound. This means the left and right Speaker transmit audio into two completely separate channels. Moreover, by using two speakers, music sounds much more realistic and natural since our ears are used to hearing sounds from left and right at the same time. Surrounding systems may include four to seven speakers (plus a subwoofer), which creates a more realistic experience.

There has been tremendous growth in the technology over the past decade. Moreover, vendors are upgrading their existing products with new technologies to improve sound quality and to provide users with a good audio experience. Technologies such as noise cancelation, extra bass, sound retrieval system (SRS), and Dolby digital sound provide an enhanced listening experience to customers. Moreover, development in the battery technologies aid in enhancing product quality as well as reducing price of the overall product. The portable Speakers mainly include rechargeable lithium-ion batteries with an average battery backup up to 8 hours. However, with advancements in battery technology, major players in the industries focus on developing high-end products with superior battery life. Therefore, battery related product upgrades foster the demand for the speakers, which propels the growth of the market. However, artificial technologies, such as voice assistant, mainly capture the data for analysis and renders it into information. The data is mainly stored on clouds, which is prone to cyber-attacks and create threats of data thefts. Such instances hinder the adoption of Smart Speaker, which hampers the market growth. On the contrary, commercial applications such as use of Speakers in healthcare centers, hotels, and commercial offices provide various opportunities for the implementation of smart Speakers for daily operations.

Segment Insight:

The Global Speaker Market is segmented into product type, size, end use, sales channel, and price. By product type, it is categorized into smart speakers, home audio speakers, portable speakers, and true wireless stereo (TWS). By size, it is classified into small, medium and large. By end use it is classified into personal and commercial. By sales channel, it is bifurcated into online and offline. On the basis of price, the market is analyzed into low, medium and premium.

By Product Type Insight:

The Global Speaker Market is segmented by product type smart speakers, home audio speakers, portable speakers, and true wireless stereo (TWS). Smart speaker segment is expects to hold the largest market share during the forecast period.

By Size Insight:

The Speaker Market is segmented by size into small, medium and large. The small size which is portable has increased the demand for the small sized speakers in the market.

By End Use Insight:

The Speaker Market is segmented by end use into personal and commercial. The personal segment was the largest segment in 2018. Rising adoption of home theatre systems and smart homes have resulted in increased acceptance of portable Bluetooth speakers. Changing consumer lifestyle are driving the market in this segment.

By Sales Channel Insight:

The Speaker Market is segmented into online and offline. Offline sales channels segment led the market in 2018. Moreover offline channels exhibit detailed analysis of the technology infused in the product to get a practical experience of the same.

By Price Segment:

The Speaker Market is segmented into low, medium, and premium prices. The medium-range segment is projected to be the most attractive segment in the Speaker Market during the forecast period.

Major Key Players of Global Speakers Market:

The major key players in the Global Speakers Market are 3nod Group, AAC Technologies Holdings Inc., Alphabet Inc., Amazon.com, Inc., Bose Corporation, Fortune Grand Technology Inc., Foster Electric Company Limited, Guoguang Electric Company, Samsung Electronics Co., Ltd., and Sony Corporation. Many competitors in the speaker market adopted product launch as their key developmental strategy to expand their product portfolio.

Speakers Market Key Segments:

By Product Type

  • Smart speakers.
  • Home audio speakers.
  • Portable speakers.
  • True wireless stereo (TWS).

By Size

  • Small.
  • Medium.
  • Large.

By End Use

  • Personal.
  • Commercial.

By Sales Channel

  • Online.
  • Offline.

By Price

  • Low.
  • Medium.
  • Premium.

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’S OVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

 3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4 SPEAKER MARKET, BY PRODUCT TYPE

4.1. SYNOPSIS

4.1.1. Market size and forecast

4.2. SMART SPEAKERS

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. HOME AUDIO SPEAKERS

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

4.4. PORTABLE SPEAKERS

4.4.1. Key market trends

4.4.2. Growth factors and opportunities

4.4.3. Market size and forecast

4.5. TRUE WIRELESS STEREO

4.5.1. Key market trends

4.5.2. Growth factors and opportunities

4.5.3. Market size and forecast

CHAPTER 5 SPEAKER MARKET, BY SIZE

5.1. SYNOPSIS

5.1.1. Market size and forecast

5.2. SMALL

5.2.1. Key market trends

5.2.2. Growth factors and opportunities

5.2.3. Market size and forecast

5.3. MEDIUM

5.3.1. Key market trends

5.3.2. Growth factors and opportunities

5.3.3. Market size and forecast

5.4. LARGE

5.4.1. Key market trends

5.4.2. Growth factors and opportunities

5.4.3. Market size and forecast

CHAPTER 6 SPEAKER MARKET, BY SALES CHANNEL

6.1. SYNOPSIS

6.1.1. Market size and forecast

6.2. ONLINE

6.2.1. Key market trends

6.2.2. Growth factors and opportunities

6.2.3. Market size and forecast

6.3. OFFLINE

6.3.1. Key market trends

6.3.2. Growth factors and opportunities

6.3.3. Market size and forecast

CHAPTER 7 SPEAKER MARKET, BY PRICE RANGE

7.1. SYNOPSIS

7.1.1. Market size and forecast

7.2. LOW

7.2.1. Key market trends

7.2.2. Growth factors and opportunities

7.2.3. Market size and forecast

7.3. MEDIUM

7.3.1. Key market trends

7.3.2. Growth factors and opportunities

7.3.3. Market size and forecast

7.4. PREMIUM

7.4.1. Key market trends

7.4.2. Growth factors and opportunities

7.4.3. Market size and forecast

CHAPTER 8 SPEAKER MARKET, BY END USER

8.1. SYNOPSIS

8.1.1. Market size and forecast

8.2. PERSONAL

8.2.1. Market size and forecast

8.3. COMMERCIAL

8.3.1. Market size and forecast

CHAPTER 9 SPEAKER MARKET, BY REGION

9.1 SYNOPSIS

9.2 North America

9.2.1 Key market trends

9.2.2 Competitive scenario

9.2.3 Key growth factors and opportunities

9.2.4 Market size and forecast

9.3 Europe

9.3.1 Key market trends

9.3.2 Competitive scenario

9.3.3 Key growth factors and opportunities

9.3.4 Market size and forecast

9.4 Asia Pacific

9.4.1 Key market trends

9.4.2 Competitive scenario

9.4.3 Key growth factors and opportunities

9.4.4 Market size and forecast

9.5 LAMEA

9.5.1 Key market trends

9.5.2 Key growth factors and opportunities

9.5.3 Market size and forecast

CHAPTER 10 COMPANY PROFILES

10.1. 3NOD GROUP.

10.1.1. Company overview

10.1.2. Company snapshot

10.1.3. Product portfolio

10.1.4. Business performance

10.1.5. Key strategic moves and developents

10.2. AAC TECHNOLOGIES HOLDINGS INC.

10.2.1. Company overview

10.2.2. Company snapshot

10.2.3. Operating business segments

10.2.4. Product portfolio

10.2.5. Business performance

10.2.6. Key strategic moves and developments

10.3. ALPHABET INC.

10.3.1. Company overview

10.3.2. Company snapshot

10.3.3. Operating business segments

10.3.4. Product portfolio

10.3.5. Business performance

10.3.6. Key strategic moves and developments

10.4. AMAZON.COM INC.

10.4.1. Company overview

10.4.2. Company snapshot

10.4.3. Operating business segments

10.4.4. Product portfolio

10.4.5. Business performance

10.4.6. Key strategic moves and developments

10.5. BOSE CORPORATION.

10.5.1. Company overview

10.5.2. Company snapshot

10.5.3. Operating business segments

10.5.4. Product portfolio

10.5.5. Business performance

10.5.6. Key strategic moves and developments

10.6. SONY CORPORATION.

10.6.1. Company overview

10.6.2. Company Snapshot

10.6.3. Operating business segments

10.6.4. Product portfolio

10.6.5. Business performance

10.6.6. Key strategic moves and developments

10.7. SAMSUNG ELECTRONICS CO.LTD.

10.7.1. Company overview

10.7.2. Company snapshot

10.7.3. Operating business segments

10.7.4. Product portfolio

10.7.5. Business performance

10.7.6. Key strategic moves and developments

10.8. PREMIUM SOUND SOULTIONS.

10.8.1. Company overview

10.8.2. Company snapshot

10.8.3. Operating business segments

10.8.4. Product portfolio

10.8.5. Business performance

10.8.6. Key strategic moves and developments

10.9. FORTUNE GRAND TECHNOLOGY INC.

10.9.1. Company overview

10.9.2. Company snapshot

10.9.3. Operating business segments

10.9.4. Product portfolio

10.9.5. Business performance

10.9.6. Key strategic moves and developments

10.10. FOSTER ELECTRIC COMPANY, LIMITED.

10.10.1. Company overview

10.10.2. Company snapshot

10.10.3. Product portfolio

10.10.4. Key strategic moves and developments


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