Global Loudspeaker Market 2019 Report: Market Size and Shares, Global Trends, Comprehensive Research Study, Opportunities, Future Strategic Plans, Competitive Landscape, and Growth Forecast till 2028
The global loudspeaker market report by MarketResearch.biz presents details about global market size, regional market shares, and growth rates at global and regional levels. The report also presents drivers, threats, trending news, prospects, untapped markets, and other information associated with the global loudspeaker market. The report presents insightful information about the global market that can help investors, venture capitalists, stakeholders, and others to make crucial decisions regarding business. The report can also benefit all the players in the supply chain of the target market. The global loudspeaker market report has been segmented on the basis of loudspeaker type, mounting, sound level, application, and region.
Loudspeaker or speaker is used for converting an electrical audio signal into sound. Loudspeakers are used in many applications for entertainment. A wide range of loudspeakers is available which differs in size and design and also consumes less space compared to home theaters. Mostly dynamic speakers are used as it operates on basic dynamic microphone. Outdoor load speakers are also used across the world as most of the devices such as laptops, smartphones, and tablets come with Wi-Fi and Bluetooth connectivity, which helps them stream content wirelessly.
Major factors that are expected to fuel growth of the global loudspeaker market are increasing adoption of Wi-Fi enabled and Bluetooth-enabled devices, coupled with increasing high-tech advancements in size, design, power, and sound quality across the globe. In addition, rising income levels, and changing lifestyles, coupled with increasing spending capacity on entertainment, especially in home entertainment are some of the major factors expected to drive growth of the global loudspeaker market. Increasing penetration rate of downloadable music and online buffering sites is encouraging consumers to upgrade their music and sound systems, this coupled with growing young population and their inclination towards enhanced sound systems are expected to drive market growth over the next few years.
However, stringent regulations of government regarding usage of loudspeakers due to increasing noise pollution levels in public places from loudspeakers is one of the major factors that could challenge growth of the global market. In addition, availability of loudspeakers on rental basis could hamper growth of the global loudspeaker market to a certain extent over the 10-year forecast period.
Major players are shifting their focus on mergers and collaborations with local market players and sales channels in order to form strong distribution network and reach larger customer base. In addition, various players are investing in developing micro and small speakers with enhanced sound quality. These trends are expected to gain traction and support market growth to a significant extent.
By Loudspeaker Type:
Among the loudspeaker type segments, the electric loudspeaker segment is expected to dominate in the target market.
Among the mounting segments, the portable mounting segment is expected to dominate in the target market.
By Sound Level:
Among the segments based on sound level, the < 50dB segment is expected to dominate in the target market.
Among the segments based on application, the commercial segment is expected to dominate in the target market.
The market in North America is expected to dominate in the global loudspeaker market and is expected to continue with its dominance over the next 10 years, owing to rising number of music concerts and increasing need for high-quality sound systems in movie theaters in countries in the region. The market in Asia Pacific is expected to be an emerging market for the global loudspeaker market and is expected to register highest CAGR over the forecast period, owing to increasing buying power and rising inclination towards installation of home entertainment theatres in countries in the region. The markets in Europe, Latin America, and Middle East & Africa are expected to register significant revenue growth rates in the global loudspeaker market over the forecast period.
Global Loudspeaker Market Segmentation:
Segmentation by loudspeaker type:
- Electric Loudspeaker
- Capacitive Loudspeaker
- Electromagnetic Loudspeaker
- Piezoelectric Loudspeaker
Segmentation by mounting:
Segmentation by sound Level:
- < 50dB
- 51 – 80dB
Segmentation by application:
- Educational Institutions
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Altec Lansing
- VOXX International Corporation
- Bowers & Wilkins Ltd.
- Bose Corporation
- Boston Acoustics
- Cambridge Sound Works
- Creative Technology Ltd.
- DEI Holdings Inc.
- Directed Electronics, Inc.
- Federal Signal Corporation
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