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Speaker Drivers Global Market Report 2021: COVID-19 Growth and Change

  • ID: 5304875
  • Report
  • March 2021
  • Region: Global
  • 200 pages
  • The Business Research Company
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FEATURED COMPANIES

  • 1more
  • Bowers & Wilkins
  • Eastech
  • JBL
  • Molex
  • Quested
  • MORE
Speaker Driver Global Market Report 2021: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global speaker driver market.

This report focuses on speaker driver market which is experiencing strong growth. The report gives a guide to the speaker driver market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the speaker driver? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Speaker Driver market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider speaker driver market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The speaker driver market section of the report gives context. It compares the speaker driver market with other segments of the speaker driver market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, speaker driver indicators comparison.
Scope

Markets Covered:
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; Others
3) By Application: Consumer; Professional/Enterprise; Medical; Others

Companies Mentioned: Sony Corporation; Samsung Electronics; BOSE; JBL; Sennheiser Electronic GmbH & Co. KG

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report will be delivered within 1-3 business days.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

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  • Bowers & Wilkins
  • Eastech
  • JBL
  • Molex
  • Quested
  • MORE
1. Executive Summary

2. Speaker Driver Market Characteristics

3. Speaker Driver Market Trends and Strategies

4. Impact of COVID-19 on Speaker Driver

5. Speaker Driver Market Size and Growth
5.1. Global Speaker Driver Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Speaker Driver Forecast Market, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Headphones/Earphones
  • Hearing Aids
  • Smart Speakers
  • Mobile Phones/Tablets
  • Loudspeakers
6.2. Global Speaker Driver Market, Segmentation by Driver Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Dynamic Drivers
  • Balanced Armature Drivers
  • Planar Magnetic
  • ElectroStatic
  • Others
6.3. Global Speaker Driver Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Consumer
  • Professional/Enterprise
  • Medical
  • Others
7. Speaker Driver Market Regional and Country Analysis
7.1. Global Speaker Driver Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Speaker Driver Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Speaker Driver Market
10.1. India Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Speaker Driver Market
11.1. Japan Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Speaker Driver Market
12.1. Australia Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Speaker Driver Market
13.1. Indonesia Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Speaker Driver Market
14.1. South Korea Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Speaker Driver Market
16.1. UK Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Speaker Driver Market
17.1. Germany Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Speaker Driver Market
18.3. France Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Speaker Driver Market
20.1. Russia Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Speaker Driver Market
24.1. Brazil Speaker Driver Market, Segmentation by Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ 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. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 1more
  • Bowers & Wilkins
  • Eastech
  • JBL
  • Molex
  • Quested
  • MORE
Major players in the speaker drivers market are Sony Corporation, Samsung Electronics, BOSE, JBL, and Sennheiser Electronic GmbH & Co. KG.

The global speaker drivers 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 growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $29.29 billion in 2025 at a CAGR of 7.1%.

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.

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

The Asia Pacific was the largest region in the speaker drivers market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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, aluminum 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.

In January 2019, Sound Vision Technologies, the parent company of TruAudio and VSSL, a US-based global manufacturer of architectural, outdoor, commercial speakers and native streaming audio system amplifiers, acquired Current Audio for an undisclosed amount. Through this acquisition, Sound Vision Technologies plans to increase its logistics locations to cover West and East Coasts, expand its brand's customer service, and enhance and support Current Audio’s growing distribution channel. Current Audio manufactures amplifiers, streaming amplifiers, soundbars, architectural speakers, control keypads and subwoofers.

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 a year-end report by the Recording Industry Association of America (RIAA), streaming services grew nearly 20% in 2019 to $8.8 billion, accounting for 79.5% of all recorded music revenues. The rise in the popularity of audio and video streaming services supported the demand for speaker drivers market.

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, 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. Key players in the market such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are introducing different types of wireless speaker drivers in the market. For instance, Sonos Wi-Fi speakers, Bose's SoundTouch system and Amazon's Echo speakers are common Wi-Fi audio equipment.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown
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  • Sony Corporation
  • Samsung Electronics
  • BOSE
  • JBL
  • Sennheiser Electronic GmbH & Co. KG
  • Knowles Electronics
  • Goertek
  • Beyerdynamic Gmbh & Co. Kg
  • Fostex International
  • Merry Electronics Co. Ltd.
  • Concraft Holding Co. Ltd
  • Eastech
  • Voz Electronic Co. Ltd
  • Fortune Grand Technology Inc.
  • Tymphany
  • Premium Sound Solutions
  • Ole Wolff
  • Aac Technologies
  • 1more
  • Sonion
  • Bellsing
  • Molex
  • Klipsch
  • KEF
  • Definitive Technology
  • Bowers & Wilkins
  • Dynaaudio
  • QSC
  • Focal
  • Quested
Note: Product cover images may vary from those shown
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