Loudspeaker Market
Loudspeaker Market Analysis by Satellites, Subwoofers, Wall-mounted, Outdoor, Soundbars, and Multimedia from 2023 to 2033
Analysis of Loudspeaker Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Loudspeaker Market Outlook (2023 to 2033)
The global loudspeaker market stands at US$ 3.58 billion in 2023. Worldwide demand for loudspeakers is predicted to increase at a CAGR of 5.8% and reach a market value of US$ 6.29 billion by the end of 2033.
Loudspeakers convert electrical signals into different audio sound waves. Some people address loudspeakers as speakers however, they have slight differences. Speakers and loudspeakers are similar as they both produce sound while converting electrical signals into audible sounds. The only difference is in their sound as loudspeakers can generate louder sound compared to speakers.
Increasing demand for loudspeakers from numerous end-use sectors, including household, commercial, etc., is predicted to contribute to market growth opportunities over the coming decade. Rising consumer expenditure on different entertainment forms is anticipated to open up a plethora of opportunities for industry players.
- Worldwide sales of soundbars are projected to reach a valuation of US$ 1.52 billion by the end of 2033.
- The Indian market is expected to flourish at a CAGR of 5.8% and reach a value of US$ 1.43 billion by the end of 2033.
- Sales of loudspeakers in South Korea are projected to rise at a healthy CAGR of 6.4% and reach US$ 490.99 million by the end of the forecast period.
Increasing demand for soundbars that provide excellent audio quality is estimated to generate lucrative opportunities for suppliers of loudspeakers. Moreover, growing consumer expenditure on entertainment is also predicted to open new opportunities for market players over the decade. Constantly changing lifestyles along with changing consumer preferences are also projected to drive the demand for products in the target market.
Growing use of good networks and Wi-Fi provides an option for consumers to compare products and opt for the best one according to their requirements. Manufacturers of loudspeakers are concentrating on providing innovative loudspeakers with good sound quality and less wiring. Integration of IoT (Internet of Things) in loudspeakers along with increasing technological advancements in sound quality and design is predicted to offer growth opportunities for players.
Fact.MR, a provider of market research and competitive intelligence, recently published a research report on the global loudspeaker market. This research report provides a thorough analysis of market growth strategies, which are adopted by industry players to gain a competitive edge in the target industry. Sales analysis of loudspeakers, key trends, new developments, and some other aspects are also provided in this report.
| Report Attributes | Details |
|---|---|
| Loudspeaker Market Size (2023) | US$ 3.58 Billion |
| Predicted Market Value (2033) | US$ 6.29 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.8% CAGR |
| Home Entertainment Segment Value (2033) | US$ 2.08 Billion |
| United States Market Growth Rate (2023 to 2033) | 6.4% CAGR |
| China Market Value (2033) | US$ 1.23 Billion |
| Japan Market Growth Rate (2023 to 2033) | 6.4% CAGR |
| Key Companies Profiled | Honeywell International Inc.; Intel Corporation; Samsung Electronics Co. Ltd.; Toshiba Corporation; Avalanche Technology Inc.; Everspin Technologies Inc.; NVE Corporation; Spin Transfer Technologies; Crocus Nano Electronics LLC; Qualcomm Inc.; Bose Corporation; Xiaomi Communications Co. Ltd.; Oontz (Cambridge Sound Works); VOXX Electronics |
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Which Key Facets are Contributing to Increased Demand for Loudspeakers?
“Noteworthy Technological Advancements in Loudspeakers”
The advent of numerous wireless loudspeakers in the market is predicted to boost their sales. Smart living is becoming popular and it is predicted to lead to an increase in Bluetooth and Wi-Fi-enabled devices. These devices provide enhanced audio output quality. They can deliver multi-room audio, which can be controlled from the smartphones of consumers. Various leading manufacturers are exploiting these technologies to offer advanced products.
- Altec Lansing launched its first Alexa, which offered hands-free voice-activated speakers. It contains built-in far-field audio technology, addressed as Versa. It is capable to pick up commands from across rooms. This hands-free speaker is dirt-proof, IP67-rated waterproof, snowproof, and equipped with Bluetooth and Wi-Fi.
“Inclination towards Compact-sized Loudspeakers”
The compact size of in-wall loudspeakers is driving market growth opportunities. These compact-size speakers come with a level-headed sound array and are cost-effective. They are generally used in restaurants and cafes as they require little space. The growing use of loudspeakers for communication is projected to widen the horizon of the target market over the coming 10 years.
The increasing demand for compact-sized speakers is due to the rising scope of emerging services, including ambulance calls for the transportation of sick patients for diagnosis and other facilities.
Which Initiative Helps New Entrants to Establish Themselves in the Global Market?
“Investments in Wireless Speakers Generating Lucrative Opportunities for Start-ups”
The emergence of wireless speakers is anticipated to open up lucrative opportunities for start-ups. In recent years, the demand for Bluetooth and Wi-Fi-enabled devices has been skyrocketing due to the growing popularity of smart living.
Investments by new entrants in these wireless speakers are projected to improve the quality of audio. They can be managed with the use of a single application on a smartphone and the sound can be sent to various rooms at once. New companies can make excellent use of these technologies to offer innovative products.
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Country-wise Insights
Why are Suppliers of Loudspeakers Targeting the United States?
“High Demand for Smart Speakers Generating Market Growth Opportunities”
- According to the report published by the Consumer Technology Association, the industry size of home theatre systems in the United States was recorded at about US$ 87 million in 2020, and the wireless speakers industry was valued at US$ 5,975 million.
The United States market is majorly driven due to increased inclination toward smart speakers. Sales of loudspeakers in the United States are predicted to flourish at a CAGR of 6.4% and reach a market value of US$ 459.52 million by the end of 2033.
- Manufacturers of loudspeakers, including Acoustic Research, offer a wide variety of wireless speakers. The Sedona Rechargeable Wireless Speaker comes with an LED flickering flame light, Santa Cruz Portable Wireless Speaker has an LED flickering flame light, and the Mainstreet Rechargeable Wireless Speaker has different modes of colors.
What’s Contributing to High Sales of Loudspeakers in India?
“Increasing Product Sales through e-Commerce Platforms”
The Indian market is forecasted to advance at a CAGR of 5.8% and reach a valuation of US$ 1.43 billion by the end of 2033. The increased demand for these home entertainment devices is attributed to the rising expenditure of middle-class people on different entertainment products. Moreover, the increased penetration of e-Commerce platforms is estimated to contribute to rising sales of loudspeakers.
How Lucrative is the Market in Japan for Loudspeaker Suppliers?
“Growing Use of Smart Speakers in Japan”
Demand for loudspeakers in Japan is anticipated to expand at a CAGR of 6.4% and reach a value of US$ 333.62 million by the end of 2033. Many Japanese people are inclined toward smart speakers for listening to music, setting alarms or timers, and getting weather forecasts. Manufacturers of loudspeakers are tailoring their products according to the demand for speakers in Japan.
Category-wise Insights
Which Type of Speaker is Most Widely Used Globally?
“Increasing Demand for Soundbars for Theatre-like Experiences in Residential Settings”
The global market is classified into satellites, subwoofers, outdoor, multimedia, wall-mounted, and soundbars, based on type. Among these, the demand for soundbars is estimated to expand at a CAGR of 5.9% and reach a market value of US$ 1.52 billion by the end of 2033.
Increasing demand to get theatre-like sound quality in residential settings is predicted to stimulate enhanced sales of soundbars around the world. Wireless connectivity, augmented output, and easy installation are some other pivotal factors driving the growth of the target market.
Leading companies, including JBL, Sonos, Sennheiser, and Bose Corporation are experiencing an increased demand for their products around the world. They are launching new products to meet the rising consumer demand for more advanced sound systems.
For instance,
- In August 2022, JBL launched a 3D soundbar, which includes the JBL 1000. This newly launched 7.1.4-channel JBL Bar 1000 provides an excellent home theater experience with four up-firing speakers without the use of cables.
Which Loudspeaker Application Generates High Revenue Streams?
“Growing Demand for Loudspeakers for Home Entertainment Purposes”
Loudspeakers for communication, loudspeakers for home entertainment, and automotive loudspeakers are some popular applications of loudspeakers. Among these, sales of loudspeakers for home entertainment are predicted to advance at a CAGR of 6.1% and reach a valuation of US$ 2.08 billion by the end of the forecast period in 2033.
In recent years, home theatres are becoming popular due to the rising inclination to enjoy theatre-like experiences in home settings. Manufacturers are introducing various products, which are compatible with different communication equipment for smart homes.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Key Market Players
Key suppliers of loudspeakers are increasing their expenditure to provide innovative and more advanced systems. They are spending to strengthen their supply chain management systems and also ensure product standards and product quality while adhering to the set guidelines.
Industry players are adopting numerous innovative approaches, including new development, agreements, acquisitions, mergers, etc., to expand their footprints.
For instance :
- Naveto Systems is an Israeli tech company. In November 2020, the company developed ‘futuristic audio technology’ to provide listeners with solo wireless music that too without the use of headphones. This newly developed technology uses a 3D sensing module from the respective speakers and further locates and tracks the position of the ear to send audio through ultrasonic waves.
- Sonance is a manufacturer of loudspeakers for smart-home installation channels. In September 2019, the company signed an agreement for the acquisition of James Loudspeaker.
Prominent players in the loudspeaker market are Honeywell International Inc., Intel Corporation, Samsung Electronics Co. Ltd., Toshiba Corporation, Avalanche Technology Inc., Everspin Technologies Inc., NVE Corporation, Spin Transfer Technologies, Crocus Nano Electronics LLC, Qualcomm Inc., Bose Corporation, Xiaomi Communications Co. Ltd., Oontz (Cambridge Sound Works), and VOXX Electronics.
Segmentation of Loudspeaker Industry Research
-
By Type:
- Satellites
- Subwoofers
- Wall-mounted
- Outdoor
- Soundbars
- Multimedia
-
By Application:
- Loudspeakers for Communication
- Automotive Loudspeakers
- Loudspeakers for Home Entertainment
-
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market to Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Speaker Type
- 9.1. Satellite Speakers
- 9.2. Subwoofers
- 9.3. Wall-mounted Speakers
- 9.4. Outdoor Speakers
- 9.5. Soundbars
- 9.6. Multimedia Speakers
- 9.7. Others
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1. Communication
- 10.2. Automotive
- 10.3. Home Entertainment
- 10.4. Others
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Avalanche Technology Inc.
- 21.2. Everspin Technologies Inc.
- 21.3. Honeywell International Inc.
- 21.4. Intel Corporation
- 21.5. NVE Corporation
- 21.6. Qualcomm Inc.
- 21.7. Samsung Electronics Co. Ltd.
- 21.8. Spin Transfer Technologies
- 21.9. Toshiba Corporation
- 21.10. Crocus Nano Electronics LLC
- 21.11. Bose Corporation
- 21.12. Xiaomi Communications Co. Ltd.
- 21.13. VOXX Electronics
- 21.14. Oontz (Cambridge Sound Works)
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Speaker Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Speaker Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Speaker Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Speaker Type, 2022
Figure 18: North America Market Value Share, By Application, 2022
Figure 19: North America Market Value Share, By Country, 2022
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Speaker Type, 2022
Figure 26: Latin America Market Value Share, By Application, 2022
Figure 27: Latin America Market Value Share, By Country, 2022
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Speaker Type, 2022
Figure 34: Europe Market Value Share, By Application, 2022
Figure 35: Europe Market Value Share, By Country, 2022
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Speaker Type, 2022
Figure 42: South Asia Market Value Share, By Application, 2022
Figure 43: South Asia Market Value Share, By Country, 2022
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Speaker Type, 2022
Figure 50: East Asia Market Value Share, By Application, 2022
Figure 51: East Asia Market Value Share, By Country, 2022
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Speaker Type, 2022
Figure 58: Oceania Market Value Share, By Application, 2022
Figure 59: Oceania Market Value Share, By Country, 2022
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Speaker Type, 2022
Figure 66: Middle East and Africa Market Value Share, By Application, 2022
Figure 67: Middle East and Africa Market Value Share, By Country, 2022
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Speaker Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Speaker Type, 2022
Figure 75: U. S. Market Value Share, By Application, 2022
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Speaker Type, 2022
Figure 78: Canada Market Value Share, By Application, 2022
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Speaker Type, 2022
Figure 81: Mexico Market Value Share, By Application, 2022
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Speaker Type, 2022
Figure 84: Brazil Market Value Share, By Application, 2022
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Speaker Type, 2022
Figure 87: U. K. Market Value Share, By Application, 2022
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Speaker Type, 2022
Figure 90: Germany Market Value Share, By Application, 2022
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Speaker Type, 2022
Figure 93: France Market Value Share, By Application, 2022
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Speaker Type, 2022
Figure 96: Italy Market Value Share, By Application, 2022
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Speaker Type, 2022
Figure 99: Spain Market Value Share, By Application, 2022
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Speaker Type, 2022
Figure 102: Russia Market Value Share, By Application, 2022
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Speaker Type, 2022
Figure 105: China Market Value Share, By Application, 2022
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Speaker Type, 2022
Figure 108: Japan Market Value Share, By Application, 2022
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Speaker Type, 2022
Figure 111: South Korea Market Value Share, By Application, 2022
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Speaker Type, 2022
Figure 114: India Market Value Share, By Application, 2022
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Speaker Type, 2022
Figure 117: ASEAN Market Value Share, By Application, 2022
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Speaker Type, 2022
Figure 120: Australia Market Value Share, By Application, 2022
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Speaker Type, 2022
Figure 123: New Zealand Market Value Share, By Application, 2022
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Speaker Type, 2022
Figure 126: GCC Countries Market Value Share, By Application, 2022
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Speaker Type, 2022
Figure 129: Turkey Market Value Share, By Application, 2022
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Speaker Type, 2022
Figure 132: South Africa Market Value Share, By Application, 2022
- FAQs -
What is the valuation of the loudspeaker market in 2023?
The global loudspeaker market stands at a value of US$ 3.58 billion in 2023.
What is the projected growth rate for the global market?
The market for loudspeakers is expected to rise at a CAGR of 5.8% from 2023 to 2033.
What is the market size of loudspeakers in the United States?
The United States market for loudspeakers is anticipated to reach a value of 459.52 million by the end of 2033.
What is the predicted valuation for the Chinese loudspeaker market?
The market in China is predicted to reach US$ 1.23 billion by the end of the forecast period.
Which type of loudspeaker is predicted to exhibit increased demand growth?
Sales of soundbars are expected to advance at a CAGR of 5.9% and reach a value of US$ 1.52 billion by the end of 2033.
At what rate are the sales of loudspeakers expanding in Japan?
Demand for loudspeakers in Japan is anticipated to register a CAGR of 6.4% from 2023 to 2033.
What is the forecasted valuation of the loudspeaker market for 2033?
The loudspeaker market is forecasted to reach a valuation of US$ 6.29 billion by the end of 2033.
Loudspeaker Market