Loudspeakers - A $12.3 Billion Global Market Opportunity by 2030 - Sleek, Unobtrusive, Visually Appealing Designs Gain Traction
Loudspeakers Market
Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Loudspeakers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Loudspeakers estimated at US$8.5 Billion in the year 2023, is projected to reach a revised size of US$12.3 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030.
Soundbars, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$4.8 Billion by the end of the analysis period. Growth in the Satellite/Subwoofer Speakers segment is estimated at 4.5% CAGR for the next 8-year period.
The Loudspeakers market in the U.S. is estimated at US$2.7 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Study Coverage
The analysis delves into the global market for audio equipment, specifically focusing on loudspeakers and related products across various geographic regions including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It evaluates annual sales figures in US$ thousand and percentage compound annual growth rates (CAGR) for loudspeakers, soundbars, satellite/subwoofer speakers, subwoofer speakers, outdoor speakers, in-wall speakers, and other product segments from 2014 to 2030.
The study encompasses recent past, current, and future perspectives, providing valuable insights into market trends and dynamics. Additionally, a 16-year perspective offers a breakdown of value sales percentages for select years within this period, aiding in understanding the evolving landscape of the audio equipment market.
Report Features
Full access to influencer engagement stats
Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Select Competitors (Total 306 Featured)
Eaton Corporation PLC
Intex Technologies (India) Ltd.
HARMAN International Industries, Inc.
Creative Technology Ltd.
Corsair Components, Inc.
Aluratek, Inc.
Altec Lansing, Inc.
B&W Group Ltd.
Cerwin-Vega, Inc.
FBT Elettronica S.p.A.
Klipsch Group, Inc.
ADJ Products LLC
Bose Corp.
DEI Holdings, Inc.
Gradient Labs Ltd.
Key Attributes
Report Attribute | Details |
No. of Pages | 520 |
Forecast Period | 2023-2030 |
Estimated Market Value (USD) in 2023 | $8.5 Billion |
Forecasted Market Value (USD) by 2030 | $12.3 Billion |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Loudspeakers: An Introduction
Market Outlook
Regional Market Analysis
Digital Boom and Growth in Music Streaming Drives Demand for Wireless Speakers
Increasing Consumer Preference for Music Streaming Drives Demand for Multi-Room Wireless Speakers for Streaming Music from Cloud Servers: Global Number of Music Streaming Subscribers (In Million) for the Years 2010, 2015, 2017, 2019, 2021 & 2023
Rise in Home Entertainment Spending Drives Opportunities
Global Number of SVoD Subscribers (In Million): 2015-2024
Competition
Recent Market Activity
Loudspeakers - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rise in Live Music Concerts and Events Drive Demand for High Quality Loud Speakers
Global Live Music Concert Sales in US$ Billion: 2015-2025
Increasing Use of High-Quality Surround Sound Systems in Movie Theaters
Growing Population of Music Listeners & Rise of Mass-Market Audiophiles Augments Business Prospects
Wider Availability of High-Speed Internet Amplifies Music Listener Numbers
Global Internet User Penetration Rate (in %) for the Years 2014, 2016, 2018, 2020, 2022 and 2024
Connectivity: A Critical Feature for Modern Speakers
Technology Advancements Drive Significant Improvements in Speaker Systems
Consistent Advancements in Components Helps Improve Sound Systems
Researchers Develop Nanoscale Skin-Attachable Loudspeakers & Microphones for Audio Output
AI-enabled Speakers and Use of Digital Assistants in Speaker Systems Continue to Grow in Popularity
Development of Micro & Small Speakers and Innovative Designs to Produce High Sound from Tiny Devices
Focus on High Quality Music and MQA Technology Drives Demand for Quality Systems
Sleek, Unobtrusive, Visually Appealing Designs Gain Traction
Omnidirectional Speakers Grow in Prominence
Growing Focus on Environmental Stewardship Among Consumers Drives Interest in Eco-Friendly Green Speakers
HVT Technology Gains Attention
Despite the Advent of Smaller and Lighter Speakers, Bulkier and Larger Speakers Benefit from Better Performance Capabilities
Satellite/Subwoofer Speakers: A Key Beneficiary of At-Home Entertainment
Growing Popularity of Assembled Speakers Drives Demand for Standalone Subwoofers
In-Wall Speakers Gain Consumer Interest
Rise in Outdoor Living Trend Augurs Well for Outdoor Speakers
Soundbars: A Growing Threat to Traditional Loudspeakers
New Soundbars Set to Redefine User Listening Experience
Rise in Penetration of Thin, Flat Panel TVs Fuels Demand for Soundbars
Global Sales of Flat TVs (In Million Units) for the Years 2010, 2015 , 2020 & 2025
Increased Preference for Media Consumption on Smartphone Devices Drive Demand for Docking Speakers
Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
Rapid Growth in Urban Households
World Urban Population in Millions: 1950-2050
Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
Growing Affluence of Middle Class Consumer Segment
Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
Rising Living Standards
Advent of E-commerce Boosts Sales of Loudspeakers
Resolving Prevailing Issues: Critical for Future Success of the Market
Counterfeit Products
Prevalence of Unorganized Players
Declining Margins
Established Role of Headphones: Major Market Deterrent
Product Overview
Loudspeaker: A Technical Exposition
Loudspeakers: A Technical Preview
A Peek Into Technology Lifecycle of Loudspeakers
Types of Loudspeakers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/79jsqa
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