Market Revenue Loudspeaker Market Base Distribution, Key Supplier

Loudspeaker Market Base Distribution, Key Suppliers, Sourcing
Strategy Forecast 2014-2025
“Loudspeaker Market size is expected to reach USD 8.48 billion by 2025.
Loudspeaker is an electrical device which contains one or more electro
acoustic transducers, which converts an electrical audio signal into a
corresponding sound.”
The global Loudspeaker Market size is expected to reach USD 8.48 billion by 2025. Loudspeaker is an electrical
device which contains one or more electro acoustic transducers, which converts an electrical audio signal into
a corresponding sound. Global market of loudspeaker is expected to grow at healthy rate for the forecast period
owing to increase in extensive use consumer electronics and growing preference of consumer for sound bars.
Use of loudspeaker in consumer electronics and growing preference for better in home entertainment are
considered to be main drivers for loudspeaker industry. Speakers used in mobile phone, television, laptops and
consumer expectation for better quality are expected to drive the market to a new high. Structural change in
consumer wealth is a restraint for the loudspeaker industry. Any change in consumer income will affect the
demand as it not a basic necessity.
Advancement in the loudspeaker such offers great opportunity for the market. With the changing consumer
behavior it is observed that there is increase in demand for Wi-Fi speakers, and sound bars due its mobility and
better sound quality features. In HD televisions due to its slick design company has to compromise on sound.
Thus to enhance the entertainment and sound experience, consumers are going for additional speakers
boosting the speaker demand. Blu-Ray Devices, DVD/CD Players, Home Theatre Systems, MP3 players, PCs,
LEDs, LCDs, and other multimedia devices dictate market prospects for speakers. Loudspeakers are segmented
by types which chiefly include pair speaker, satellite/subwoofer speaker, sound bar, in wall speaker, outdoor
speaker, and other loudspeaker.
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