According to IMARC Group’s latest report, titled “Loudspeaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global loudspeaker market reached a value of US$ 7.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2027, exhibiting at a CAGR of 4.36% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Loudspeakers are used to convert electrical energy into acoustic energy. They are available in different types, sizes, and features to integrate with various devices. The commonly available loudspeakers include outdoor speakers, in-wall speakers, soundbar, subwoofers, and multimedia speakers. The speakers provide stereo imaging, wide-coverage angles, clarity, and better sounding. They are also available in wireless supports, such as Wi-Fi connectivity, Bluetooth, and near field connectivity. As a result, they are largely used in concert halls, theaters, stadiums, and arenas to provide large acoustic power and control sound radiation.
Market Trends and Drivers:
The increasing urban population and the rising consumer spending on entertainment, such as films and live events, especially in the emerging economies, represent some of the key factors primarily driving the market growth. The rising demand for enhanced consumer experience and personalized entertainment content are acting as significant growth-inducing factors. Other factors, such as the easy product availability across online retail channels at affordable price points, are creating a positive outlook for the market.
Loudspeaker Market 2022-2027 Competitive Landscape and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the loudspeaker market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Bose Corporation
- Dynaudio AS (Goertek Inc.)
- Harbeth Audio Ltd.
- Harman International Industries Incorporated (Samsung Electronics Co. Ltd.)
- Koninklijke Philips N.V.
- Lenovo Group Limited
- LG Electronics Inc.
- Panasonic Corporation
- Peavey Electronics Corporation
- Sony Corporation
- Sound United LLC
- Vandersteen Audio
- VOXX International Corp
Key Market Segmentation:
The report has segmented the global loudspeaker market on the basis of product type, application, end user and region.
Breakup by Product Type:
- Satellite
- Subwoofers
- Soundbar
- In-Wall
- Outdoor
- Multimedia
Breakup by Application:
- Electronic Gadgets
- Home Entertainment
- Automotive
- Communication
- Others
Breakup by End User:
- Household
- Commercial
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Egypt, United Arab Emirates, Saudi Arabia, Turkey, Qatar, Iran, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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