Loudspeaker Market

Technological advancement is driving the loudspeaker market’s 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 has been driven by the advancement in sound technology over the years. The speaker market has evolved significantly over the years, from multi-driver audio speakers to smart, connected speakers. This advancement in sound technology has fueled competition among the market players and resulted in the development of rapidly advancing consumer electronics.

The development of loudspeakers adds new features and creates new avenues for applications ranging from medical to industrial. Furthermore, the growing adoption of internet services and Wi-Fi-enabled devices is further accelerating the demand for the loudspeaker market. Additionally, the consistently growing disposable income of individuals across the globe is augmenting the market.

Sound bars are dominating the loudspeaker market

Sound bars are the leading loudspeaker segment, with a share of more than 30% in terms of revenue in 2018. The growth of the market is credited to the growing disposable income of individuals across emerging economies. The sound bars are widely used by users to enhance the audio quality of the music across indoor and outdoor applications. The systems come with wireless technology that can connect with any portable digital device, such as MP3 players, laptops, smartphones, and iPods. The advancement in the design and raw material of soundbars 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 widespread adoption of media streaming services across the globe.

Asia Pacific is leading the loudspeaker market

Asia Pacific is leading the loudspeaker market with over 30% of 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 Southeast Asia, along with the rising disposable income in the region, is also propelling the market growth. Furthermore, the growing trend of parties, sports competitions, and cultural festivals across the region is accelerating the adoption of loudspeakers.

The prominent vendors in the loudspeaker 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 and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is 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 the global loudspeaker market based on product and geography.

Key questions are answered in this report

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

Unique data points of this report

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

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Loudspeaker Market
2.1.1 Global Loudspeaker Market, by Product, 2018 (US$ Mn)
2.1.2 Global Loudspeaker Market, by Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Driver 1
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Loudspeaker Vendors, 2018

Chapter 4 Global Loudspeaker Market, by Product
4.1 Overview
4.1.1 Global Loudspeaker Market Value Share, by Product, 2018 & 2027 (Value, %)
4.2 Portable loudspeakers
4.2.1 Global Loudspeaker Market Value from Portable Loudspeaker, 2017 – 2027(US$ Mn)
4.3 Soundbars
4.3.1 Global Loudspeaker Market Value from Soundbars, 2017 – 2027(US$ Mn)
4.4 Home Theatre Arrays
4.4.1 Global Loudspeaker Market Value from Home Theatre Arrays, 2017 – 2027(US$ Mn)
4.5 Multimedia Systems
4.5.1 Global Loudspeaker Market Value from Multimedia Systems, 2017 – 2027(US$ Mn)
4.6 Stereo Systems
4.6.1 Global Loudspeaker Market Value from Stereo Systems, 2017 – 2027(US$ Mn)
4.7 Others
4.7.1 Global Loudspeaker Market Value from Others, 2017 – 2027(US$ Mn)

Chapter 5 North America Loudspeaker Market Analysis, 2017 – 2027 (US$ Mn)
5.1 Overview
5.2 North America Loudspeaker Market Analysis, by Product, 2017 – 2027 (US$ Mn)
5.2.1 Market Analysis
5.3 North America Loudspeaker Market, by Country, 2017 – 2027 (US$ Mn)
5.3.1 Market Analysis
5.3.2 U.S.
5.3.2.1 U.S. Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
5.3.3 Canada
5.3.3.1 Canada Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)

Chapter 6 Europe Loudspeaker Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 Europe Loudspeaker Market Analysis, by Product, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 Europe Loudspeaker Market, by Country, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.3.2 U.K.
6.3.2.1 U.K. Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
6.3.3 Germany
6.3.3.1 Germany Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
6.3.4 France
6.3.4.1 France Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
6.3.5 Rest of Europe
6.3.5.1 Rest of Europe Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)

Chapter 7 Asia Pacific Loudspeaker Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Asia Pacific Loudspeaker Market Analysis, by Product, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Asia Pacific Loudspeaker Market, by Country, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.3.2 China
7.3.2.1 China Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
7.3.3 Japan
7.3.3.1 Japan Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
7.3.4 India
7.3.4.1 India Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
7.3.5 Rest of Asia Pacific
7.3.5.1 Rest of Asia Pacific Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)

Chapter 8 Rest of the World (RoW) Loudspeaker Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 RoW Loudspeaker Market Analysis, by Product, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 RoW Loudspeaker Market, by Country (US$ Mn)
8.3.1 Market Analysis
8.3.2 Middle East & Africa (MEA)
8.3.2.1 MEA Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)
8.3.3 Latin America
8.3.3.1 Latin America Loudspeaker Market Value, by Product, 2017 – 2027 (US$ Mn)

Chapter 9 Company Profiles
9.1 Altec Lansing
9.2 Audiovix Corporation
9.3 B&W Group Ltd.
9.4 Bose Corporation
9.5 Boston Acoustics Inc.
9.6 Creative Labs Inc.
9.7 Definitive Technology
9.8 Directed Electronics Inc.
9.9 Harman International Industries Inc.
9.10 KLH Audio
9.11 Klipsch Group Inc.
9.12 Polk Audio
9.13 Yamaha Corporation of America

List of Figures

FIG. 1 Global Loudspeaker Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Loudspeaker Market Segmentation
FIG. 4 Global Loudspeaker Market, by Product, 2018 (US$ Mn)
FIG. 5 Global Loudspeaker Market, by Geography, 2018 (US$ Mn)
FIG. 6 Attractive Investment Proposition, by Geography, 2018
FIG. 7 Market Positioning of Key Loudspeaker Vendors, 2018
FIG. 8 Global Loudspeaker Market Value Share, by Product, 2018 & 2027 (Value, %)
FIG. 9 Global Loudspeaker Market Value from Portable Loudspeaker, 2017 – 2027(US$ Mn)
FIG. 10 Global Loudspeaker Market Value from Soundbars, 2017 – 2027(US$ Mn)
FIG. 11 Global Loudspeaker Market Value from Home Theatre Arrays, 2017 – 2027(US$ Mn)
FIG. 12 Global Loudspeaker Market Value from Multimedia Systems, 2017 – 2027(US$ Mn)
FIG. 13 Global Loudspeaker Market Value from Stereo Systems, 2017 – 2027(US$ Mn)
FIG. 14 Global Loudspeaker Market Value from Others, 2017 – 2027(US$ Mn)

List of Tables

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)