Banner

Speaker Drivers Global Market Report 2023 – By Device Type (Headphonesor Earphones, Hearing Aids, Smart Speakers, Mobile Phonesor Tablets, Loudspeakers), By Driver Type (Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, ElectroStatic, Other Driver Types), By Application (Consumer, Professionalor Enterprise, Medical, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 200 | Published : January 2023 | SKU CODE : h1296 | Delivery Time: 2-3 business days | Format :


A speaker driver is a device that converts an electrical audio signal to sound waves. It turns the voltage provided to it into movement, which leads to the creation of a sound wave.

The speaker drivers market covered in the report is segmented by device type into headphones/earphones, hearing aids, smart speakers, mobile phones/tablets, and loudspeakers; by driver type into dynamic drivers, balanced armature drivers, planar magnetic, electrostatic, others and by application into consumer, professional/enterprise, medical, others.

The speaker drivers market research report is one of a series of new reports from The Business Research Company that provides speaker drivers market statistics, including speaker drivers industry global market size, regional shares, competitors with a speaker drivers market share, detailed speaker drivers market segments, market trends and opportunities, and any further data you may need to thrive in the speaker drivers industry. This speaker drivers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global speaker drivers market size grew from $28.23 billion in 2022 to $29.22 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The speaker drivers market size is expected to grow to $34.57 billion in 2027 at a CAGR of 4.3%.

The speaker drivers market was supported by the increased demand for audio and video streaming services globally. This was mainly due to rapid growth in internet penetration and rising popularity among people. According to Statista, the number of Netflix (OTT Service) subscribers increased to 195.15 million by the third quarter of 2020. Also, according to the Indian Brand Equity Foundation (IBEF) report in October 2020, an India-based government agency for providing economic information, between March and July 2020, the OTT sector in India saw a 30% increase in the number of paid subscribers, going from 22.2 million to 29.0 million and By FY23, India will have 500 million or more online video subscribers, and this number is expected to rise with the adoption of smartphones and the internet. The rise in the popularity of audio and video streaming services supported the demand for the speaker drivers market.

The rising price of raw materials is expected to limit the growth of the speaker drivers market. The volatility of prices in raw materials such as copper, aluminium and steel is expected to have a significant impact on the manufacturing cost of speaker drivers increasing the expenses of manufacturers. For instance, in the late 2020s, the Indian manufacturers of steel have increased steel prices due to rising iron ore prices and strong demand for steel. In December 2020, the steel companies were charging around $34 to $37 (?2,500 to ?2,700) a ton of both flat and long products. Therefore, such fluctuations in raw material price affect the manufacturing cost of speaker drivers and this factor is expected to restrain the market growth of speaker drivers.

The rising popularity of wireless audio equipment is an emerging trend in the speaker drivers market. Due to technological advancements, speaker drivers are now enabled with Bluetooth or Wi-Fi and thus can play audio without any wires connected to them. Consumers’ consumption behaviour is also changing and a majority of the consumers are shifting towards wireless audio equipment due to its convenience. Key players in the market such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are introducing different types of wireless speaker drivers in market. For instance, Sonos Wi-Fi speakers, Bose's SoundTouch system and Amazon's Echo speakers are common Wi-Fi audio equipment.

In April 2022, Sonos, a US-based company operating in wireless home sound systems acquired Mayht Holding BV for a deal of $ 100 million. Through this acquisition, Sonos aims to strengthen its product portfolio in speaker drivers. Mayht Holding BV is a Netherlands-based company operating in speaker drivers.

Major players in the speaker drivers market are Sony Corporation, Samsung Electronics, BOSE, JBL, and Sennheiser Electronic GmbH & Co. KG.

The Asia-Pacific was the largest region in the speaker drivers market in 2022. The regions covered in the speaker drivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the speaker drivers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The speaker drivers market consists of sales of woofers, tweeters, and other speaker drivers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global speaker drivers market is segmented -

1) By Device Type: Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers

2) By Driver Type: Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, ElectroStatic, Other Driver Types

3) By Application: Consumer, Professional/Enterprise, Medical, Other Applications

    Table Of Contents

    1. Executive Summary

    2. Speaker Driver Market Characteristics

    3. Speaker Driver Market Trends And Strategies

    4. Speaker Driver Market - Macro Economic Scenario

    4.1. COVID-19 Impact On Speaker Driver Market

    4.2. Ukraine-Russia War Impact On Speaker Driver Market

    4.3. Impact Of High Inflation On Speaker Driver Market

    5. Speaker Driver Market Size And Growth

    5.1. Global Speaker Driver Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Speaker Driver Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Speaker Driver Market Segmentation

    6.1. Global Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Headphones/Earphones

    Hearing Aids

    Smart Speakers

    Mobile Phones/Tablets

    Loudspeakers

    6.2. Global Speaker Driver Market, Segmentation By Driver Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Dynamic Drivers

    Balanced Armature Drivers

    Planar Magentic

    ElectroStatic

    Other Types

    6.3. Global Speaker Driver Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Consumer

    Professional/Enterprise

    Medical

    Other Applications

    7. Speaker Driver Market Regional And Country Analysis

    7.1. Global Speaker Driver Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Speaker Driver Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Speaker Driver Market

    8.1. Asia-Pacific Speaker Driver Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Speaker Driver Market

    9.1. China Speaker Driver Market Overview

    9.2. China Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Speaker Driver Market

    10.1. India Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Speaker Driver Market

    11.1. Japan Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Speaker Driver Market

    12.1. Australia Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Speaker Driver Market

    13.1. Indonesia Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Speaker Driver Market

    14.1. South Korea Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Speaker Driver Market

    15.1. Western Europe Speaker Driver Market Overview

    15.2. Western Europe Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Speaker Driver Market

    16.1. UK Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Speaker Driver Market

    17.1. Germany Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Speaker Driver Market

    18.3. France Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Speaker Driver Market

    19.1. Eastern Europe Speaker Driver Market Overview

    19.2. Eastern Europe Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Speaker Driver Market

    20.1. Russia Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Speaker Driver Market

    21.1. North America Speaker Driver Market Overview

    21.2. North America Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Speaker Driver Market

    22.1. USA Speaker Driver Market Overview

    22.2. USA Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Speaker Driver Market

    23.1. South America Speaker Driver Market Overview

    23.2. South America Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Speaker Driver Market

    24.1. Brazil Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Speaker Driver Market

    25.1. Middle East Speaker Driver Market Overview

    25.2. Middle East Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Speaker Driver Market

    26.1. Africa Speaker Driver Market Overview

    26.2. Africa Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Speaker Driver Market Competitive Landscape And Company Profiles

    27.1. Speaker Driver Market Competitive Landscape

    27.2. Speaker Driver Market Company Profiles

    27.2.1. Sony Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Samsung Electronics

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. BOSE

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. JBL

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Sennheiser Electronic GmbH & Co. KG

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Speaker Driver Market

    29. Speaker Driver Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Speaker Driver Market, Segmentation By Driver Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Speaker Driver Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Speaker Driver Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Speaker Driver Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Sony Corporation Financial Performance
  • Table 28: Samsung Electronics Financial Performance
  • Table 29: BOSE Financial Performance
  • Table 30: JBL Financial Performance
  • Table 31: Sennheiser Electronic GmbH & Co. KG Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Speaker Driver Market, Segmentation By Driver Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Speaker Driver Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Speaker Driver Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Speaker Driver Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Speaker Driver Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Sony Corporation Financial Performance
  • Figure 28: Samsung Electronics Financial Performance
  • Figure 29: BOSE Financial Performance
  • Figure 30: JBL Financial Performance
  • Figure 31: Sennheiser Electronic GmbH & Co. KG Financial Performance
View Report
View Report
View Report
View Report
View Report
View Report
View Report
View Report