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Global Loudspeaker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 139 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911808
The global loudspeaker market size reached US$ 7.5 Billion in 2022. Looking forward, the market is expected to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.20% during 2022-2028.

Loudspeakers are electronic items used to convert electrical energy into acoustic energy. They are widely available in different sizes, types, and features to integrate with different devices. For instance, loudspeakers in sound reinforcement systems are efficient and durable and they have directivity control and power-handling capacity. These speakers find extensive applications in cinemas, theaters, concert halls, stadiums, and arenas wherein direction control of sound radiation and large acoustic power are required. Besides this, as loudspeakers provide wide-coverage angles, stereo imaging, clarity, and accurate and better sounding, their demand is rising around the world.

Loudspeaker Market Trends

Governing agencies rely on loudspeakers in electronic public address systems to make announcements and spread awareness about a general issue among individuals. This, in confluence with the mass spread of the coronavirus disease (COVID-19), is positively influencing the need for loudspeakers to transit safety messages in public places. Apart from this, rising consumer spending on media and entertainment services, such as live events and films, acts as another major factor increasing the application of loudspeakers in the media and entertainment industry. Moreover, the emerging trend of home theatre systems on account of rapid urbanization, inflating income levels and rising Internet penetration is driving the sales of voice-activated loudspeakers worldwide. Furthermore, leading manufacturers are introducing commercial loudspeakers for easy installation in large-scale distributed establishments like retail stores, restaurants, bars and clubs, and hospitality venues. Besides this, due to the escalating demand for personalized content and enhanced user experience, these manufacturers are offering smart loudspeakers via online channels, which is impelling the market growth. This can be accredited to the thriving e-commerce industry and boosting sales of smart devices.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global loudspeaker market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product type, application and end user.

Breakup by Product Type:

  • Satellite
  • Subwoofers
  • Soundbar
  • In-Wall
  • Outdoor
  • Multimedia

Breakup by Application:

  • Electronic Gadgets
  • Home Entertainment
  • Automotive
  • Communication

Breakup by End User:

  • Household
  • Commercial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bose Corporation, Dynaudio AS (Goertek Inc.), Harbeth Audio Ltd., Harman International Industries Incorporated (Samsung Electronics Co. Ltd.), Koninklijke Philips N.V., Lenovo Group Limited, LG Electronics Inc., Panasonic Corporation, Peavey Electronics Corporation, Sony Corporation, Sound United LLC, Vandersteen Audio and VOXX International Corp.

Key Questions Answered in This Report

1. What was the size of the global loudspeaker market in 2022?
2. What is the expected growth rate of the global loudspeaker market during 2023-2028?
3. What are the key factors driving the global loudspeaker market?
4. What has been the impact of COVID-19 on the global loudspeaker market?
5. What is the breakup of the global loudspeaker market based on the product type?
6. What is the breakup of the global loudspeaker market based on the application?
7. What is the breakup of the global loudspeaker market based on end user?
8. What are the key regions in the global loudspeaker market?
9. Who are the key players/companies in the global loudspeaker market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Loudspeaker Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Satellite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Subwoofers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Soundbar
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 In-Wall
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Outdoor
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Multimedia
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Electronic Gadgets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Home Entertainment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Automotive
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Communication
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Household
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bose Corporation Company Overview Product Portfolio SWOT Analysis
14.3.2 Dynaudio AS (Goertek Inc.) Company Overview Product Portfolio
14.3.3 Harbeth Audio Ltd. Company Overview Product Portfolio
14.3.4 Harman International Industries Incorporated (Samsung Electronics Co. Ltd.) Company Overview Product Portfolio Financials
14.3.5 Koninklijke Philips N.V. Company Overview Product Portfolio Financials SWOT Analysis
14.3.6 Lenovo Group Limited Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 LG Electronics Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.8 Panasonic Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 Peavey Electronics Corporation Company Overview Product Portfolio
14.3.10 Sony Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.11 Sound United LLC Company Overview Product Portfolio
14.3.12 Vandersteen Audio Company Overview Product Portfolio
14.3.13 VOXX International Corp. Company Overview Product Portfolio Financials

Companies Mentioned

  • Bose Corporation
  • Dynaudio AS (Goertek Inc.)
  • Harbeth Audio Ltd.
  • Harman International Industries Incorporated (Samsung Electronics Co. Ltd.)
  • Koninklijke Philips N.V.
  • Lenovo Group Limited
  • LG Electronics Inc.
  • Panasonic Corporation
  • Peavey Electronics Corporation
  • Sony Corporation
  • Sound United LLC
  • Vandersteen Audio
  • VOXX International Corp.



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