In-ceiling Speakers Market Analysis

The term "in-ceiling speakers" is self-explanatory; they are speakers that are installed in the ceiling of a room. These speakers are commonly referred to as invisible speakers because they are difficult to notice at first glance. Ceiling speakers are passive speakers, which mean they don't have amplifiers built in. Unlike traditional speakers, in-ceiling speakers do not require an amplifier to operate. Each speaker is wired to its own amplifier. However, a growing number of companies have begun to provide active in-ceiling speakers with built-in amplifiers in recent years. In-ceiling speakers had a market value of $ 99.6 million in 2020, and it is expected to reach $ 227.6 million by 2027. The market is expected to grow at a CAGR of 12.5% over the forecast period.

Interesting Facts of In-ceiling Speakers Market.

• The rise of the in-ceiling speaker industry is being driven by an increase in smart homes, increased disposable income, and the rapid proliferation of multipurpose gadgets.
• The active in-ceiling speaker market will grow at the fastest rate in the coming year.
• As the internet of things (IoT) becomes more widely used in home automation, the residential market is expected to grow at the fastest pace in the coming year.
• Because of the increasing global use of the internet, the online segment is expected to grow at a rapid pace during the forecast period.
• During the forecast period, North America will hold the largest share of the global in-ceiling speaker market. The growing demand for entertainment systems in North America, particularly in the United States and Canada, is due to the market's growth in the region.

COVID-19 Impact

The COVID-19 outbreak has had an impact on the growth of the in-ceiling speaker industry. The COVID-19 outbreak has been a significant setback for countries with an export-oriented economy due to the closure of industrial facilities. The in-ceiling speakers industry has been hit the hardest. Growth slowed in 2020 due to a delay in in-ceiling speakers supply and reduced manufacturing capacity.

In-ceiling speakers are becoming increasingly popular.

In-ceiling speakers are designed to have no discernible effect on the wall or ceiling for any length of time. Furthermore, solid blockwork, high-quality laminates, acoustic or polished plaster, a skim of wet plaster, and installation behind leather or wood are all options for these speakers. This speaker can also be used for home theatre, high-end multi-room audio, foreground and background music, sound reinforcement, conference tables, and voice paging. JBL, for example, has introduced the Business Series, a line of low-cost portable in-ceiling speakers designed for paging and background music in retail stores, restaurants, schools, and other public places. In-ceiling also eliminates clunky or uncomfortable items, as well as unsightly wires and cables, from the space. The popularity of in-ceiling speakers is growing as a result of the numerous benefits they provide. This, in turn, drives market growth.

The passive in-ceiling segment is expected to account highest share in 2020.

On the market, there are two types of in-ceiling speakers: active and passive. The active in-ceiling speaker market is expected to grow significantly in the coming year. The passive in-ceiling industry is expected to grow rapidly over the forecast period. Passive in-ceiling speakers, which require speaker wires to connect to a specialized amplifier, are the most common type of in-ceiling speakers on the market. These speakers do not require a separate power source because they are powered by an external amplifier. In the coming year, demand for passive in-ceiling speakers is expected to be driven by factors such as ease of installation, versatility, cost-effective updating, and servicing.

Global In-Ceiling Speakers Market key Players:

Some of the key players are Bose Corporation, Bowers & Wilkins, HARMAN International, Klipsch Group, Inc, POLK, Q Acoustics, RBH Sound, Stealth Acoustics, TOA Corporation and Yamaha Corporation.

Frequently asked questions about global In-ceiling Speakers market