"Technological advancement is driving the loudspeaker market growth"

Globally, the loudspeaker market is expected to grow with a CAGR of 7.0% during the forecast period from 2019 to 2027. The market is driven by the advancement in the sounds technology over the years. The speakers market has evolved significantly over the years from the multi driver audio speakers to the smart and connected speakers. This advancement in the sound technology has fueled the competition among the market players and resulted in the development of the rapidly advancing consumer electronics. The development in the loudspeakers adds new features and creating new avenues for the application ranging from medical to industrial sector. Furthermore, the growing adoption of the internet services and Wi-Fi enabled devices is further accelerating the demand for the loudspeaker market. Additionally, consistently growing disposable income of the individuals across the globe is augmenting the market.

"Sound bar are dominating the loudspeakers market"

Sound bar is the leading the loudspeaker segment with the share of more than 30% in terms of revenue in 2018. The growth of the market is credited to the growing disposable income of the individuals across the emerging economies. The sound bars are widely used by the users to enhance the audio quality of the music across the indoor and outdoor application. The systems come with the wireless technology that can connect with the any portable digital device such as MP3 players, laptops, smartphones and IPods. The advancement in the design and the raw material of the sound bars has further augmented the demand for the market. On the other hand, stereo systems are estimated to grow significantly during the forecast period due to the large scale adoption of the media streaming services across the globe.

"Asia Pacific is leading the loudspeakers market"

Asia Pacific is leading the loudspeakers market with over 30% share in the revenue in 2018. The presence of several regional and multinational speaker manufacturers in the region supports the growth of the market. The improving economic condition in the Southeast Asia along with the rising disposable income in the region is also propelling the market growth. Furthermore, the growing trend of parties, sports competition and cultural fest across the region is accelerating the adoption of the loudspeakers.

The prominent vendors in the loudspeakers market are Altec Lansing, Audiovox Corporation, B&W Group Ltd., Bose Corporation, Boston Acoustics Inc., Creative Labs Inc, Definitive Technology, Directed Electronics Inc, KLH Audio, Harman International Industries Inc., Polk Audio, Klipsch Group Inc., and Yamaha Corporation of America.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The loudspeaker market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global loudspeaker market based on product and geography. Key segments covered in the report are as follows:

Key questions answered in this report

• What was the market size of Loudspeaker in 2018 and forecast up to 2027?
• Which is the largest regional market for Loudspeakers?
• What are the major trends followed in Loudspeaker market across different regions?
• Who are the key companies in the Loudspeakers market?
• What are the key strategies adopted by the leading Loudspeaker companies in market?

Unique data points of this report

• Statistics on Loudspeakers and spending worldwide
• Recent trends across different regions in terms of adoption of Loudspeaker for industries
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

TABLE 1 Market Snapshot: Global Loudspeaker Market Value
TABLE 2 North America Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 3 North America Loudspeaker Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 4 U.S. Loudspeaker Market Value, by Product2017 – 2027 (US$ Mn)
TABLE 5 Canada Loudspeaker Market Value, by Product2017 – 2027 (US$ Mn)
TABLE 6 Europe Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 7 Europe Loudspeaker Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 8 U.K. Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 9 Germany Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 10 France Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 11 Rest of Europe Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 12 Asia Pacific Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 13 Asia Pacific Loudspeaker Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 14 China Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 15 Japan Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 16 India Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 17 Rest of Asia Pacific Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 18 RoW Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 19 RoW Loudspeaker Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 20 MEA Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 21 Latin America Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
TABLE 22 Altec Lansing: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Audiovox Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 24 B&W Group Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Bose Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Boston Acoustics Inc. : Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Creative Labs Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Definitive Technology: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Directed Electronics Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Harman International Industries Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 KLH Audio: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Klipsch Group Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Polk Audio: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Yamaha Corporation of America: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)