Wireless Speakers Global Market Report 2023 – By Product (Bluetooth Speakers, WifiSpeakers), By EndUse (Residential, Commercial), By Type (Fixed, Portable) – Market Size, Trends, And Global Forecast 2023-2032

Audio equipment is a device that is used for recording, reproducing, and processing sound. Audio equipment's primary function is to reproduce, record, or process sound. The main types of audio equipment are loudspeakers, microphones, amplifiers, turntables, and others. An amplifier is a type of electronic device that boosts a signal's voltage, current, or power. The audio equipment prices range from low to medium to high and are available in various technologies such as wired and wireless. The end users involved are 2B and B2C. The global audio equipment market is segmented – 1) By Type: Loudspeakers, Microphones, Amplifiers, Turntables, Other Types 2) By End User: B2B, B2C 3) By Technology: Wired, Wireless 4) By Price Range: Low, Medium: High The global audio equipment market size will grow from $33.13 billion in 2022 to $34.05 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. 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 market size of the global audio equipment is expected to grow to $37.9 billion in 2027 at a CAGR of 2.7%. The audio equipment market is expected to be driven by growing demand for wireless audio devices. The demand for wireless audio devices is growing rapidly due to changing consumers’ behaviour in media consumption and the increasing popularity of mobile devices. Consumers are increasingly using their mobile devices, laptops, and tablets to play audio on speakers wirelessly, which is driving the growth of Wi-Fi and Bluetooth-connected speakers. Companies such as Samsung, Sony, LG, and Bose are launching wireless audio products. Major players in the audio equipment market are Sennheiser, Yamaha, Audio-Technica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, and MIPRO. Regulations by the government have always been challenging to the audio equipment market as loudspeaker usage is one of the main reasons for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, and increased stress levels and can even lead to coronary artery disease. In India, the Supreme Court passed a regulation that restricts the use of public address systems at night (between 10:00 pm and 6:00 am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the market. The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behaviour of consumers. Consumers are increasingly using mobile devices, tablets, and laptops to wirelessly play audio on speakers. Such consumer behaviour is driving the growth of Wi-Fi and Bluetooth-connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment includes Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers. In March 2022, Focusrite, a US-based software company, acquired Linea Research Holdings for a deal amount of $12.67 million. Through this acquisition, Focusrite expands its portfolio in audio equipment. Linea Research Holdings is a UK-based manufacturer of audio equipment. Asia-Pacific was the largest region in the audio equipment market in 2022. North America was the second-largest region in the global audio equipment market share. The regions covered in the market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the audio equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The audio equipment market consists of sales of outdoor speakers, subwoofers, in-wall speakers, multimedia speakers, table-top sound bars, wall-mounted sound bars, wired microphones, wireless microphones, ultrasonic amplifiers, buffer amplifiers, transistor amplifiers, professional mixers, non-professional mixers, tape players and recorders, jukeboxes, car stereos, clock radios, and other audio equipment. 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 audio equipment market research report is one of a series of new reports from The Business Research Company that provides audio equipment market statistics, including audio equipment industry global market size, regional shares, competitors with an audio equipment market share, detailed audio equipment market segments, market trends and opportunities, and any further data you may need to thrive in the audio equipment industry. This audio equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A loudspeaker is an electroacoustic transducer that converts an electrical audio signal into a corresponding sound. Loudspeakers are used in aural communication for the generation of music through auto technology, radio, audio players, and bluetooth speakers. The main products of loudspeakers are soundbars, subwoofers, in-wall and outdoor. Subwoofers are a sort of speaker that amplifies the lowest frequencies in the audio. Bass guitars, pipe organs, deep voices, kick drums, and cinematic sound effects are examples of low frequencies. Subwoofers are extremely popular for home theatre and automotive sound systems, and they are simple to install. The various types of enclosure include single mounted, multiple mounted, and not mounted which are used by household, commercial and other end-users. The global loudspeakers market is segmented – 1) By Product: Soundbar, Subwoofers, In-wall, Outdoor 2) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted 3) By End User: Household, Commercial, Other End Users The global loudspeakers market size will grow from $7.25 billion in 2022 to $7.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 market size of loudspeakers is expected to grow to $9.35 billion in 2027 at a CAGR of 4.9%. Increased spending on entertainment products by consumers globally will contribute to the growth of the loudspeakers market in the forecast period. Consumers are preferring external sound systems as a medium of home entertainment and there is an increasing consciousness about the quality of sound they are experiencing as a result of which they are willing to spend more on sound systems. For instance, in February 2022, according to the Digital Entertainment Group (DEG), a US-based industry association that advocates and promotes entertainment platforms, products, and distribution channels, consumer expenditure on home entertainment grew at an unprecedented rate in 2021, with total physical and digital home entertainment spending rising by 7.8% to a record $32.3 billion. Increased consumer expenditure on entertainment and consciousness of the quality of sound experienced increases the demand for different forms of loudspeakers which is driving the loudspeakers market. Major players in the loudspeakers market are Bose Corporation, Harman International Industries, Bowers &Wilkins, Klipsch Audio Technologies, KEF, Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., and Wharfedale. Regulations by the government have always been challenging to the loudspeakers market as loudspeakers usage is one of the main reasons for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, and increased stress levels, and can even lead to coronary artery disease. In India, the Supreme Court passed a regulation that restricts the use of public address systems at night (between 10:00 pm and 6:00 am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the loudspeakers market. The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using mobile devices, tablets, and laptops to wirelessly play audio on speakers. Such consumer behavior is driving the growth of Wi-Fi and Bluetooth-connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment includes Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers. In April 2022, Sonos, Inc., a US-based company operating wireless home sound systems acquired Mayht Holding BV for a deal of $ 100 million. This acquisition of Sonos, Inc. aims to strengthen its product portfolio in home sound systems to enhance its competitive advantage. Mayht Holding BV is a Netherlands-based speaker company. Asia-Pacific was the largest region in the loudspeakers market share in 2022. The regions covered in the loudspeakers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the loudspeakers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The loudspeakers market consists of sales of subwoofers, soundbars, wall-mounted speakers, outdoor speakers, and other loudspeakers. 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 loudspeakers market research report is one of a series of new reports from The Business Research Company that provides loudpeakers market statistics, including loudspeakers industry global market size, regional shares, competitors with a loudspeakers market share, detailed loudspeakers market segments, market trends and opportunities, and any further data you may need to thrive in the loudspeakers industry. This loudspeakers 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.

Smart speakers (Bluetooth and Wi-Fi enabled) are devices that are integrated with virtual assistant devices powered by artificial intelligence. The companies involved in the smart speakers’ market are engaged in designing, manufacturing, and producing artificial intelligence-assisted speakers which are activated using voice recognition systems. The main intelligent virtual assistant of smart speakers are Amazon Alexa, Google Assistant, Siri, Cortana, and others. Google Assistant is a virtual assistant powered by artificial intelligence that is primarily available on mobile and smart home devices. The various applications of smart speakers include smart home, smart office, consumer, and others that are distributed through online and offline channels. The smart speakers are used by personal and commercial end-users. The global smart speakers market is segmented - 1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Other Intelligent Virtual Assistants 2) By Application: Smart Home, Smart Office, Consumer, Other Applications 3) By End User: Personal, Commercial 4) By Distribution Channel: Online, Offline The global smart speakers market size will grow from $6.6 billion in 2022 to $7.07 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 market size of the global smart speakers is expected to grow to $9.22 billion in 2027 at a CAGR of 6.9%. With increasing consumer preference for technologically advanced products, there is a rise in the penetration of smartphones and smart devices. The enhanced personal use of smart devices points to the integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. The consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2020 and reached 325 million by 2020.Regional manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the smart speakers market. Major players in the smart speakers market are Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, Onkyo Corporation, and Panasonic Corporation. Apart from increasing consumer preference for smart speakers the major drawback that’s concerning the market is data privacy and security. These devices have access to the personal information stored in Gmail like contact details, bank details, and login credentials which raise security issues. The devices of a smart home have access to sensitive data like videos, photos, and personal information which can be accessed and operated from anywhere. In May 2020, according to Voicebot.ai, a US-based firm for voice assistance and artificial intelligence, 33% of Americans are concerned about data breaches while using smart speakers and it is the top reason for not purchasing the devices. These issues may hinder market growth if appropriate development in security concerns is not addressed. Virtual assistant devices are powered by artificial intelligence which offers ultimate luxury to the owner. They keep on listening to the command, analyze the needs, and perform the task when necessary. The Amazon Echo with smart assistant Alexa can be activated with a voice command of one hot word “Alexa”. Siri, the Apple voice assistant provides hands-free activation with deep integration technology and high-quality virtual surround sound and exhibits features like setting the timer, managing calendar events, and more. Google assistant activated with “Ok Google” provides instant access to all of the Google services and the data associated with the Google account. For instance, according to Voicebot.ai, a US-based firm for voice assistance and artificial intelligence report 2021, Amazon sold 16.5 million smart speakers and smart displays followed by Google with 13.2 million, Baidu with 6.6 million, Alibaba with 6.3 million, and Apple with 4.6 million smart speakers in the fourth quarter of the year 2020. The proliferation of virtual assistance is, in turn, driving the smart speaker market. In April 2022, Sonos, a US-based company operating in wireless speakers and home sound systems acquired Mayht for an undisclosed amount. Through this acquisition, Sonos aims to expand its product portfolio to compact light-powered Bluetooth speakers. Mayht is a Netherlands-based audio technology company. Asia-Pacific was the largest region in the smart speakers market in 2022. Africa is expected to be the fastest-growing region in the global smart speakers market during the forecast period. The regions covered in the global smart speakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart speakers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart speakers market consists of sales of alexa, google assistant, siri, and other smart speakers. 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 smart speakers market research report is one of a series of new reports from The Business Research Company that provides smart speakers market statistics, including smart speakers industry global market size, regional shares, competitors with a smart speakers market share, detailed smart speakers market segments, market trends and opportunities, and any further data you may need to thrive in the smart speaker’s industry. This smart speakers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Consumer electronics repair and maintenance refers to the service of refurbishing and replacing body parts of electronic equipment, gadgets, devices, and appliances that end consumers use for professional and non-professional purposes. These are also engaged in repairing and maintaining consumer electronics such as televisions, stereos, speakers, video recorders, CD and DVD players, radios, and cameras, without retailing new consumer electronics. The main types of consumer electronics repair and maintenance are loudspeakers and sound bars, microphones, amplifiers and mixers, music players and other devices, televisions, video players, and video cameras. A microphone is a device that converts airborne sound waves into electrical signals or records them on a recording medium. The different service types include in-warranty, and warranty and are used by various verticals such as industrial and commercial, and residential. The global consumer electronics repair and maintenance market is segmented - 1) By Type: Loudspeakers and Sound Bars, Microphones, Amplifiers and Mixers, Music players and other devices, Televisions, Video Players, Video Cameras. 2) By Service Type: In-warranty, Out of Warranty 3) By End User: Industrial and commercial, Residential The global consumer electronics repair and maintenance market size will grow from $8.43 billion in 2022 to $8.72 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 global consumer electronics repair and maintenance market size is expected to grow to $9.64 billion in 2027 at a CAGR of 2.5%. An increase in equipment failure rates and cost benefits of repairing old equipment rather than disposing of them are expected to drive the consumer electronics repair and maintenance market. The branded and non-branded low-cost products regularly flood the market and need repair in some time as they are made with poor quality material or due to regular maintenance. However, research suggests that companies are now taking a different approach, which is building products that could be easily repaired for use as fixing an issue in a gadget is always a cost-effective solution than buying a new one, thereby enhancing the trust of the customer. Customers tend to buy and refer to the products of the company that offers repair manuals, and spare parts and provide assistance and guidance on fixing the product. Apple has begun assembling the older iPhone in India. Companies like iFixit and Repair Cafe are bringing people together to work on repairing devices. The European Commission is all set to discuss eco-design regulations for smartphones in 2021, including access to spare parts and repair information. Therefore, an increase in equipment failure rates and cost benefits of repairing old equipment is promoting the growth of the consumer electronics repair and maintenance market. Major players in the consumer electronics repair and maintenance market are Encompass Supply Chain Solutions Inc., Electronix Services, iCracked Inc., Mendtronix Inc., Moduslink Global Solutions, MicroFirst Gaming Inc., Quest International, Inc., The Cableshoppe Inc., uBreakiFix, B2X CARE SOLUTIONS GMBH, Redington Services, and Repair World Direct. The COVID-19 pandemic has significantly impacted the consumer electronics repair and maintenance industry as governments across the globe have imposed lockdowns and put restrictions on non-essential services to prevent the spread of the virus. Repair and maintenance services hugely depend on labor and the availability of labor during this pandemic is a big challenge. The repair industry across countries such as the US, the UK, Germany, Italy, the Middle East, and India has also witnessed an increase in labor costs due to labor shortages during the lockdown. The repairing industry, in general, fixes around 25 million electronic appliances in a month, but due to lockdown and social distancing norms, the products are expected to pile up for repair. Besides, the supply chain disruptions in various countries have made it difficult to find spare components for mobile and other electronic appliances making consumers wait longer for availing of services. Consumer electronics repair and maintenance service providers are focusing on leveraging augmented reality (AR) based maintenance and repair procedures. AR is an enhanced version of reality where direct and indirect view of physical world environments are combined with superimposed computer-generated images over a user’s view of the real world. Use of these AR based repair or maintenance procedures allow users to enhance their field of view with real-time digital information. With this information the user can get the step by step instructions on how to repair an asset. For example, US based technology company Dell's new 2022 AR Assistant app uses augmented reality to guide users through step-by-step, at-home repairs or replacements to over 97 different systems in 7 languages. The AR Assistant app allows users to see their devices and guides users on repairing using mixed reality and informational overlays on the machine being repaired, leveraging a smartphone camera. The app also has an augmented clone technology on select systems, which displays a cloned server in any desired space and allows entire 360-degree interaction with a high degree of realism to make at-home repairs easier and less stressful and also reduce waste. Western Europe was the largest region in the consumer electronics repair and maintenance market share in 2022. Asia-Pacific was the second-largest region in the global consumer electronics repair and maintenance market. The regions covered in the global consumer electronics repair and maintenance industry reports are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the consumer electronics repair and maintenance market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The consumer electronics repair and maintenance market consists of revenues earned by entities engaged in repairing and maintaining consumer electronics, such as televisions, stereos, speakers, video recorders, CD and DVD players, radios, and cameras, without retailing new consumer electronics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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 consumer electronics repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides consumer electronics repair and maintenance market statistics, including consumer electronics repair and maintenance industry global market size, regional shares, competitors with a consumer electronics repair and maintenance market share, detailed consumer electronics repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the consumer electronics repair and maintenance industry. This consumer electronics repair and maintenance 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.

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 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 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 market size of global speaker drivers 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. Major players in the speaker drivers market are Sony Corporation, Samsung Electronics, BOSE, JBL, and Sennheiser Electronic GmbH & Co. KG. 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. The Asia-Pacific was the largest region in the speaker drivers market in 2022. The regions covered in the speaker drivers market analysis 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 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.

A loudspeaker is an electroacoustic transducer that converts an electrical audio signal into a corresponding sound. Loudspeakers are used in radios, audio players, and bluetooth speakers. The main types of enclosure of loudspeakers and sound bars are single mounted, multiple mounted, and not mounted. A single-mounted loudspeaker consists of one speaker recorded within an audio file. The loudspeakers and soundbars are used for communication, automotive, film and television, and club/bar by household, commercial and other end users. The global loudspeakers and sound bars market is segmented – 1) By Type Of Enclosure: Single Mounted, Multiple Mounted, Not Mounted 2) By End User: Household, Commercial, Others End User 3) By Applications: Communication, Automotive, Film and Television, Club/Bar The global loudspeakers and sound bars market size will grow from $15 billion in 2022 to $15.42 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. 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 market size of loudspeakers and sound bars is expected to grow to $17.19 billion in 2027 at a CAGR of 2.7%. Increased spending on entertainment products by consumers globally contributed to the growth of the loudspeakers market in the forecast period. Consumers are preferring external sound systems as a medium of home entertainment and there is an increasing consciousness about the quality of sound they are experiencing as a result of which they are willing to spend more on sound systems. For instance, in February 2022, according to the Digital Entertainment Group (DEG), a US-based industry association that advocates and promotes entertainment platforms, products, and distribution channels, consumer expenditure on home entertainment grew at an unprecedented rate in 2021, with total physical and digital home entertainment spending rising by 7.8% to a record $32.3 billion. There is plenty of growth potential in smart devices with embedded voice assistants and loudspeakers which enhance entertainment at home. Increased consumer expenditure on entertainment and consciousness of the quality of sound experienced increases the demand for different forms of loudspeakers which is driving the growth of the loudspeakers market. Major players in the loudspeakers and sound bars market are Bose Corporation, Harman International Industries, Bowers &Wilkins, Klipsch Audio Technologies, KEF, Sonance, Yamaha Corporation, Sony Corporation, Creative Technology Ltd., and Wharfedale. Regulations by the government have always been challenging to the loudspeakers market as loudspeakers usage is one of the main reasons for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, and increased stress levels and can even lead to coronary artery disease. In India, the Supreme Court passed a regulation that restricts the use of public address systems at night (between 10:00 pm and 6:00 am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the loudspeakers and sound bars market. The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behavior of consumers. Consumers are increasingly using mobile devices, tablets, and laptops to wirelessly play audio on speakers. Such consumer behavior is driving the growth of Wi-Fi and Bluetooth-connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment includes Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers. In April 2022, Sonos, Inc., a US-based company operating wireless home sound systems acquired Mayht Holding BV for a deal of $ 100 million. This acquisition of Sonos, Inc. aims to strengthen its product portfolio in home sound systems to enhance its competitive advantage. Mayht Holding BV is a Netherlands-based speaker company. Asia-Pacific was the largest region in the loudspeakers and sound bars market in 2022. North America is the second-largest region in the loudspeakers and sound bars market share. The regions covered in the global loudspeakers and sound bars market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the loudspeakers and sound bars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The loudspeakers and sound bars market consists of sales of outdoor speakers, subwoofers, in-wall speakers, multimedia speakers, table-top sound bars, wall-mounted sound bars, and other loudspeakers and sound bars. 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 loudspeakers and sound bars market research report is one of a series of new reports from The Business Research Company that provides loudspeakers and sound bars market statistics, including loudspeakers and sound bars industry global market size, regional shares, competitors with a loudspeakers and sound bars market share, detailed loudspeakers and sound bars market segments, loudspeakers and sound bars market trends and opportunities, and any further data you may need to thrive in the loudspeakers and sound bars industry. This loudspeaker and sound bars market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wireless audio devices receive the signals using wireless platforms such as radio frequency waves, infrared, airplay for streaming music, and others. A wireless audio device offers connectivity and flexibility across devices. They do not require a physical wire to broadcast the audio. It provides wireless music streaming for audio systems and other speakers. The main types of products in wireless audio devices are soundbars, wireless speakers, and wireless headsets and microphones. Soundbars are bar-shaped devices that usually contain more than one speaker and are used in combination with televisions, computers, mp3 devices, and others. The various technologies include Bluetooth, Wi-Fi, and Airplay that are used in applications such as commercial, consumer, automotive, and other applications. The global wireless audio device market is segmented - 1) By Product: Sound Bars, Wireless Speakers, Wirerless Headsets And Microphones 2) By Technology: Bluetooth, Wi-Fi, Airplay 3) By Application: Commercial, Consumer, Automotive The global wireless audio device market size grew from $26.28 billion in 2022 to $32.77 billion in 2023 at a compound annual growth rate (CAGR) of 24.7%. 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 market size of global wireless audio device is expected to grow to $77.97 billion in 2027 at a CAGR of 24.2%. The rise in the adoption of wireless devices is expected to propel the growth of the wireless audio device market going forward. Wireless devices are electronic devices such as smartphones, routers, radios, tablets, Bluetooth mice, and keyboards that use radio signals to communicate and do not require a physical wire. The rapid increase in the adoption of wireless devices is promoting the demand for the adoption of wireless audio devices by consumers for entertainment purposes. For instance, according to DataReportal, an online reference library, the number of smartphones in use is rapidly growing at an annual rate of 5.7%, with an average of approximately 1 million new smartphones in use every day. Therefore, the rise in the adoption of wireless devices is driving the growth of the wireless audio device market. Major players in the wireless audio device market are Apple Inc., Boat Lifestyle, Bose Corporation, DEI Holdings Inc., Harman International Industries Inc., Koninklijke Philips N.V, LG Electronics, Logitech International S.A., Plantronics Inc., Samsung, Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Sonos Inc., Sony Corporation, Vizio Inc., and Voxx International Corporation. Product innovations have emerged as the key trend gaining popularity in the wireless audio device market. Companies in the wireless audio device industry are developing new technologies and launching new products into the market to expand the company’s customer base and meet customers’ requirements. For instance, in March 2021, Sonos, a US-based audio products manufacturing company, introduced Sonos Roam, an ultra-portable, compact-sized smart speaker that is connected completely to Wi-Fi at home and is also easily switched to Bluetooth when outside. It can simultaneously connect to both of them, making it seamlessly stream. In October 2021, Audiotonix, a UK-based company that designs and manufactures audio mixing devices, acquired Sound Devices LLC for an undisclosed amount. This acquisition helps Audiotonix’s strategic extension into the audio production market. Sound Devices LLC is a US-based company that designs and manufactures portable audio and video products. North America was the largest region in the wireless audio device market in 2022. Asia-Pacific is expected to be the fastest-growing region in the wireless audio device market report during the forecast period. The regions covered in the wireless audio device industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wireless audio device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The wireless audio device market consists of sales voice coil, magnet, amplifiers and cone. 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 wireless audio device market research report is one of a series of new reports from The Business Research Company that provides wireless audio device market statistics, including wireless audio device industry global market size, regional shares, competitors with a wireless audio device market share, detailed wireless audio device market segments, market trends and opportunities, and any further data you may need to thrive in the wireless audio device industry. This wireless audio device 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.

Hearing aids are devices and equipment that are designed and developed to improve the hearing of people affected by hearing loss. The main products of hearing aid devices and equipment are receiver-in-the-ear hearing aids and behind-the-ear hearing aids. A hearing aid receiver works as the ears’ speaker system. It plays the amplified sounds received from the microphone in your ear, and the brain gives the context of the sound. The patients are adults and children. Adult and pediatric patients with conductive hearing loss and sensorineural hearing loss are treated using technologies such as conventional hearing aids and digital hearing aids. The distribution channels are audiology and ENT clinics, pharmacies, online sales, and others. The global hearing aid devices and equipment market size will grow from $10.21 billion in 2022 to $10.9 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 market size of global hearing aid devices and equipment is expected to grow from $13.97 billion in 2027 at a CAGR of 6.4%. The growing prevalence of hearing loss is a major driver for hearing aid devices and equipment market growth. In the United States, more than 35 million children and adults have some degree of hearing loss. Also, around 900 million people across the globe are expected to suffer from hearing disabilities by 2050 due to the rise in noise pollution levels, genetic factors, ear infections, and other complications. A high number of people suffering from hearing loss would result in huge demand for hearing aid devices and equipment markets across the globe. Major players in the hearing aid devices and equipment market are Starkey, Sonova, Widex, Siemens, GN ReSound, Oticon, Unitron, Hansaton, William Demant, and Beltone. The high cost of hearing aid devices is acting as a major restraint in the hearing aid devices and equipment market. Good quality hearing aids come at a high price and are not fully covered by insurance companies. About one-third of Americans above 55 years use hearing aid devices due to various reasons. Hearing aid devices range between $1500 to $3500 per piece, thus making them quite expensive. The average price is $2,300 per unit according to the President’s Council for Science & Technology. Thus due to high cost, there has been low penetration of hearing aid devices in the hearing aid devices and equipment market. The use of 3D Printing is a trend that is prevalent in the hearing aid devices market. 3D printing is a technology that produces 3D objects from the 2D models which enable the manufacturing of better fitting, more comfortable, and customized hearing aid devices. The 3D printing enables the shape of the ear shell to be customized according to the customer's ear canal and degree of hearing loss. For example, Sonova uses advanced 3D printing technology to produce customized hearing aid devices especially suited for each customer's specific requirements. Examples of 3D hearing aid devices include EnvisionTEC’s E-Shell 200 Series, E-Shell 300 3D Printer Material series, and EnvisionTEC E-Clear series. As of today, the hearing aids fall under the restricted devices category, the sales of these restricted devices must comply with federal and state requirements. The US FDA approach to improve hearing aid accessibility may lead to the availability of these restricted devices as OTC devices. However, according to the FDA Reauthorization Act (FDARA), the category of OTC hearing aids needs to be established and no manufacturer can label their devices as OTC until a separate category is established. Thus, the introduction of these innovative and easily accessible OTC hearing aids may impact the growth of the hearing aid devices market positively in the forecast period. Asia-Pacific was the largest region in the global hearing aid devices and equipment market in 2022. North America was the second-largest region in the hearing aid devices and equipment market report. The regions covered in the hearing aid devices and equipment analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hearing aid devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The hearing aid devices and equipment market consists of sales of in-the-ear-hearing aid, receiver-in-the-ear hearing aid, behind-the-ear hearing aid, and canal hearing aids. 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 hearing aid devices and equipment 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 hearing aid devices and equipment market research report is one of a series of new reports from The Business Research Company that provides hearing aid devices and equipment market statistics, including hearing aid devices and equipment industry global market size, regional shares, competitors with a hearing aid devices and equipment market share, detailed hearing aid devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the hearing aid devices and equipment industry. This hearing aid devices and equipment 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