Global Speaker Drivers Market Trends And Strategies Of Major Players in the Speaker Drivers Market 2021-2030
25 Feb, 2021
The speaker drivers market consists of sales of speaker drivers by entities (organizations, sole traders and partnerships) that manufacture speaker drivers such as woofers and tweeters. A speaker driver is a device that converts an electrical audio signal to sound waves.
Global Speaker Drivers Market Size And Drivers:
The global speaker driver market is expected to grow from $20.9 billion in 2020 to $22.25 billion in 2021 at a compound annual growth rate (CAGR) of 6.5%. The market is expected to reach $29.29 billion in 2025 at a CAGR of 7.1%.
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Trends In The Global Speaker Drivers Market
The rising popularity of wireless audio equipment is an emerging trend in the speaker driver market. Due to technological advancements, speaker drivers are now enabled with Bluetooth or Wi-Fi, thus can play audio without any wires connected to it. Consumers’ consumption behavior is also changing and a majority of the consumers are shifting towards wireless audio equipment due to its convenience. The rise in the popularity of audio and video streaming services supported the demand for speaker drivers market.
Global Speaker Drivers Market Segments:
The global speaker driver market is further segmented based on device type, driver type, application and geography.
By Device Type:Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers.
By Driver Type:Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, Electrostatic, Others.
By Application:Consumer, Professional/Enterprise, Medical, Others.
By Geography:The global speaker drivers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global speaker driver market.
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Speaker Drivers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides speaker drivers market overviews, analyzes and forecasts market size and growth for the global speaker drivers market, speaker drivers market share, speaker drivers market players, speaker drivers market segments and geographies, speaker drivers market’s leading competitors’ revenues, profiles and market shares. The speaker drivers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.