In-ceiling Speakers Market by Product Type (Active In-Ceiling Speaker, Passive In-Ceiling Speaker) by Application (Residential, Commercial) by Distribution Channel(Online, Offline): Global Industry Size, Share, Statistics and Forecast 2015 - 2027
The term "in-ceiling speakers" is self-explanatory; they are speakers installed on a room's ceiling. These speakers are commonly referred to as invisible speakers because they are difficult to notice at first glance. Ceiling speakers are passive speakers, which means they don't have amplifiers built in. Unlike traditional speakers, in-ceiling speakers do not require an amplifier to operate. Instead, each speaker is wired to its amplifier. However, in recent years, many companies have begun to provide active in-ceiling speakers with built-in amplifiers. In-ceiling speakers had a market value of $ 99.6 million in 2020, which 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.
The rise of the in-ceiling speaker industry is 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 fastest in the coming year.
As the internet of things (IoT) becomes more widely used in home automation, the residential market is expected to grow faster in the coming year.
Because of the increasing global use of the internet, the online segment is expected to grow rapidly 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 impacted the growth of the in-ceiling speaker industry. The COVID-19 epidemic has been a significant setback for countries with an export-oriented economy due to the closure of industrial facilities. As a result, the in-ceiling speaker industry has been hit the hardest. As a result, growth slowed in 2020 due to delays 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 at any 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 bulky or uncomfortable items and unsightly wires and cables from the space. The popularity of in-ceiling speakers is growing due to their numerous benefits. This, in turn, drives the market growth.
The passive in-ceiling segment will account for the highest share in 2020.
There are two types of in-ceiling speakers on the market: active and passive. The active in-ceiling speaker market is expected to grow significantly in the coming year. On the other hand, the stagnant 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 market's most common type of in-ceiling speakers. These speakers do not need a separate power source because an external amplifier powers them. Demand for passive in-ceiling speakers in the coming year is expected to be driven by ease of installation, versatility, cost-effective updating, and servicing.
Frequently asked questions about global In-ceiling Speakers market
The In-ceiling Speakers market is expected to grow from US$ 99.6 million in 2020 to US$ 227.6 million by 2027, with a CAGR of 12.5% from 2021 to 2027.
Increased consumer desire for technologically sophisticated items, as well as organisations' increased focus on improving customer experience, all contribute to the market's significant potential.
Some of the market's driving forces include the rapid development of multifunctional gadgets, increased disposable income, and an increasing number of smart homes.
North America dominated the global market for In-ceiling Speakers.
The commercial application accounts for the largest share of the In-ceiling Speakers market.
