Loudspeaker Market Segmentation, Size And Growth Prospects Till 2025 “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.�
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. Subwoofer speakers are more popular in home audio. The soundbar segment is expected to grow at a CAGR over 8% from 2016 to 2025.
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