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Saturday, February 26, 2022

Global Loudspeaker Market To Be Driven By The Growing Adoption Of The Loudspeakers For Leisure Activities In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Loudspeaker Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global loudspeaker market, assessing the market based on its segments like product types and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 4.6%

The loudspeaker market is being driven by the growing adoption of loudspeakers for leisure activities. Loudspeakers have gained significant popularity owing to the convenience and portability of the product, making it ideal for relaxation and mood enhancement activities. It can also be used while travelling in a bus, train, or car. The loudspeakers are available in different sizes based on requirement. Over the forecast period, the growing adoption of loudspeakers in the classrooms to amplify the voice of the instructors is likely to propel the product demand. The installation of loudspeakers in a classroom enhances the delivery of the speech, making the lecture more effective for the students. In terms of region, the Asia Pacific occupies a significant share in the market, owing to the increasing adoption of speakers in automobiles. The installation of subwoofers in an automobile can enhance the driving experience by producing mild music with 3D surround sound. The market in the region is anticipated to be further aided by the rising disposable incomes, along with the growing demand for the product from the household sector.

Industry Definition and Major Segments

Loudspeaker, also known as electrostatic transducer, is a device which converts electrical energy into acoustic signals. A loudspeaker consists of a wide range of frequencies for high sound pressure level or high-fidelity applications. The range of frequencies generated by the loudspeakers are roughly 20 to 20,000 hertz.

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The various product types in the market include:

• Satellite
• Subwoofers
• In-wall
• Outdoor
• Soundbar
• Multimedia

The regional markets for loudspeakers include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The technological advancements in loudspeaker systems, which include the advancements in design, wi-fi connectivity, digital assistance, and Bluetooth, are likely to be a key trend in the global loudspeaker market. Some innovations include the ‘film’ speaker, which can be as thin as a paper and is multidirectional. The growing research and development activities to reduce the weight of the speakers and enhance their portability are likely to aid the market in the forecast period.

Key Market Players

The major players in the market are Altec Lansing LLC, Bose Corporation, Sound United, LLC, Dynaudio A/S, Harman International Industries, Inc., Logitech International S.A., Klipsch Group, Inc., and Sony Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
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City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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