Speaker Driver Market Forecasts to 2028 – Global Analysis By Device Type (Loudspeakers, Headphones/Earphones, Mobile Phones/Tablets, Smart Speakers, Hearing Aids), Size (20–110 mm, Below 20 mm), and By Geography
According to Stratistics MRC, the Global Speaker Driver Market is accounted for $25.90 billion in 2020 and is expected to reach $37.12 billion by 2028 growing at a CAGR of 4.6% during the forecast period. Growing popularity of bass-heavy headphones, increasing demand for consumer electronics, rising consumption of online audio and video streaming services, improving standards of living, rapid urbanization, and robust penetration of mobile phones and high-speed and cheaper internet connectivity are driving the market growth. However, harmful effects on the health of listeners may restrict the market growth.
The speaker driver is a device which converts an electrical audio signal into sound waves. It can also be known as a loudspeaker. As there has been a notable upsurge in the demand for wireless earphones among fitness aficionados, the fabrication of earphones has augmented, which in turn has led to a rise in demand for speaker drivers. Consumption of earphones and headphones for fitness actions beneath diverse ecological conditions, such as dust and rain, has influenced the producers to append durability to their products with a assured IPX rating- a security rating to propose safety against water and dust.
Based on the device type, the headphones/earphones segment is going to have lucrative growth during the forecast period, due to the rising demand for wireless headphones/earphones among consumers of varying age groups and introduction of airpods into the market.
By geography, Asia Pacific is going to have high growth during the forecast period, owing to robust infiltration of mobile devices, the presence of key players in the region, growing disposable income, and quick growth of 5G infrastructures in countries such as India, South Korea, China, and Japan.
Some of the key players in Speaker Driver Market include Eastech Holding Limited, Concraft Holding Co. Ltd., Sony Corporation, Voz Electronic co., ltd, Sennheiser electronic GmbH and Co. KG, Fostex International, Goertek, Samsung Electronics, Beyerdynamic GmbH and Co. KG, Knowles Electronics, LLC, AAC Technologies, Fortune Grand Technology inc, Merry Electronics Co. Ltd., Premium Sound Solutions, Audeze llc, Ole Wolff, Tymphany, and Sonion.
Estimated Market Size in 2020:
USD 25.90 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 37.12 billion
Tables, Graphs & Figures
Driver Type, Device Type, Size, and Application.
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Driver Types Covered:
• Balanced Armature Drivers
• Dynamic Drivers
• Planar Magentic
Device Types Covered:
• Mobile Phones/Tablets
• Smart Speakers
• Hearing Aids
• 20–110 mm
• Below 20 mm
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Speaker Driver Market is majorly driven by rising adoption of audio streaming services across the globe, improving standards of living, growing demand for headphones/earphones, and rapid urbanization.
The 20–110 mm segment is growing at a highest CAGR owing to the rising popularity of audio and video streaming platforms such as Netflix, Amazon Prime, HBO Max, which has increased the demand for smartphones.
Asia Pacific dominated with a significant market share due to robust penetration of mobile devices, presence of key players in countries in the region, rapid development of 5G infrastructures in countries such as India, South Korea, China, and Japan, and inexhaustible demand from end-users.
North America market is growing at a highest CAGR owing to the various product launches in the region, high disposable income of individuals, and developments from various manufacturers.
Key players in Speaker Driver Market include Eastech Holding Limited, Concraft Holding Co. Ltd., Sony Corporation, Voz Electronic co., ltd, Sennheiser electronic GmbH and Co. KG, Fostex International, Goertek, Samsung Electronics, Beyerdynamic GmbH and Co. KG, Knowles Electronics, LLC, AAC Technologies, Fortune Grand Technology inc, Merry Electronics Co. Ltd., Premium Sound Solutions, Audeze llc, Ole Wolff, Tymphany, and Sonion.
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