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Tuesday, May 31, 2022

Global Speaker Driver Market to be Driven by Continuous Upgradations in Headphone Technology in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Speaker Driver Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global speaker driver market, assessing the speaker driver market based on its segments like device types, driver types, driver sizes, applications, 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)

  • Historical Market Size (2021): About USD 26.2 billion
  • Forecast CAGR (2022-2027): 40%
  • Forecast Market Size (2027): Nearly USD 30.2 billion

On the basis of device type, the headphones segment is anticipated to account for a significant share of the global market for speaker drivers. This can be ascribed to the increase in demand for headphones in recent years. In addition, recent developments in Bluetooth by established and new market players in the market are further attracting customers, thereby influencing the market positively. Furthermore, the market growth is being led by the increasing adoption of headphones by working professionals owing to the WFH trends. The continuous demand for headphones by sports professionals is another factor contributing to the growth of the market. Moreover, the increasing penetration of lightweight, durable, and economical headphones is another factor enhancing the growth of the market in the recent years.

Industry Definition and Segmentation

A speaker driver refers to a loudspeaker transducer that converts an electrical audio signal into sound waves. These drivers are available in different sizes and move back and forth to create changes in the air pressure, thereby producing sound. Most speakers generally come with multiple drivers, which are divided with the help of crossovers.

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On the basis of device type, the market can be divided into:

  • Headphones
  • Hearing Aids
  • Smart Speaker
  • Mobile Phones/Tablets
  • Loudspeakers

Based on driver type, the market can be segmented into:

  • Dynamic Drivers
  • Balanced Armature Drivers
  • Planar Magnetic
  • Electrostatic
  • Others

The market, based on driver size, can be distinguished into:

  • Below 20 MM
  • 20-110 MM
  • Others

Based on application, the market can be classified into:

  • Consumer
  • Professional/Enterprise
  • Medical
  • Others

The regional markets for speaker driver include:

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

Market Trends

The growth in the global market for speaker drivers is being driven by the increasing ownership of consumer electronics like smartphones and laptops. This can be ascribed to the rise in per capita disposable incomes and the subsequent rise in purchasing power of the people. Further, with the increased prevalence of video-on-demand and OTT platforms, the demand for personal headphones is escalating, thereby boosting the growth of the market. Moreover, the market is witnessing growth in medical applications as well. Additionally, the deployment of speaker drives in hearing aids is positively impacting the market growth.

Key Market Players

The major players in the market are Goertek Inc., Sony Corporation, Beyerdynamic GmbH & Co. KG, Meilu Industrial Co., Ltd., and Eastech Holding Limited, 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 (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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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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