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DUBLIN--(BUSINESS WIRE)--The 'Speaker Driver Market With COVID-19 Impact by Device Type (Headphones/Earphones, Mobile Phones/Tablets, Smart Speakers), Driver Type (Dynamic Driver, Balanced Armature Driver), Size, Application, and Geography - Global Forecast to 2025' report has been added to ResearchAndMarkets.com's offering.

The global Speaker Driver market size is projected to grow from USD 25.9 billion in 2020 to USD 29.3 billion by 2025; it is expected to grow at a CAGR 2.5 % (Value) from 2020 to 2025.

Major factors driving the growth of the market include the increasing demand for smartphones owing to the surge in the adoption of audio and video streaming services and the growing popularity of True Wireless earphones. Opportunities for the Speaker Driver market include the increase in the sale of smartphones owing to the expansion of the 5G network; and the release of new headphones and earphones as a result of new advancements in wireless technology standards such as the new Wi-fi 6 and Bluetooth 5.2.

The Smart Speaker segment of the market is projected to grow at the highest CAGR (Volume) from 2020 to 2025.

Other than the focus on the smart application of smart speakers, brands are also looking to improve the quality of sound reproduction, which leads to an improved speaker driver configuration. The need for more precision, clear, and higher bass response is pushing brands to improve their speaker driver qualities. The new driver configuration of the Nest Audio launched in September 2020 is a great example that reflects on the same. Thus, the demand for high quality Speaker Drivers is expected to increase during the forecast period.

The 20-110 mm segment is projected to hold the largest size (Volume) of the Speaker Driver market during the forecast period.

The 20-110 mm segment is projected to hold the largest size of the Speaker Driver market during the forecast period owing to the increasing popularity of audio and video features on social networking apps, including TikTok, Dubsmash, and Funimate, which has increased the demand for smartphones. For instance, in 2019, Instagram launched the trial of a new feature called Reels. Also, as people begin to confine themselves within their homes and work from home, video conferencing has become increasingly common. Several video conferencing software such as Zoom, Cisco Webex Meetings, and Microsoft teams are being utilized increasingly.

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The APAC region is the largest and the fastest-growing region (Volume) during the forecast period.

With the growing popularity of true wireless headphones and the increasing penetration of smartphones, many APAC-based players are expected to launch new products during the forecast period. As the noise cancellation feature and true wireless earbuds have gained high popularity among athletes and fitness enthusiasts, the players in the APAC headphone/earphone market are planning to expand their portfolios, which is consequently expected to increase the demand for speaker drivers. Thus, the demand for Speaker Drivers from the APAC region is expected to increase during the forecast period.

Key players in the Speaker Driver market include Sennheiser Electronic GmbH & Co. KG (Germany), Samsung Electronics (South Korea), Sony Corporation (Japan), Knowles Electronics (US), Goertek (China).

Market Dynamics

Drivers

  • Growing Popularity of Bass-Heavy Headphones
  • Growing Adoption of a New Category of Earphones - True Wireless Earbuds
  • Surge in Adoption of Audio and Video Streaming Services to Fuel Demand for Speaker Drivers
  • Increasing Popularity of Video Streaming Services
  • Growing Adoption of Audio Streaming Services Across the Globe

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Restraints

  • Harmful Effects on the Health of Listeners

Opportunities

  • Expansion of 5G Network to Increase Sale of Smartphones and Speaker Drivers
  • Advancements in Wireless Technology Standards to Boost Demand for Speaker Drivers
  • Bluetooth 5.2
  • Wi-Fi 6
  • Advancements in Hearing Aid Technology
  • Bluetooth Compatibility
  • Tinnitus Masking Feature
  • Increasing Use of Video Conferencing Platforms to Benefit Speaker Driver Manufacturers

Challenges

  • Cleaner Bass May Lead to Irregular Frequency Response
  • Technology Trends
  • Hybrid Driver Technology
  • Dynamic Driver Lpf (Low Frequency Pass Filters) Technology

Ecosystem Analysis

Electronic

Tariff and Regulations

Case Study Analysis

  • Oneplus Selects Knowles' Balanced Armature Driver Technology
  • 64 Audio Launches World's First 18 Balanced Armature Iem
  • Audeze Breaks Affordability Barrier with Its Lcd-1 Headphones

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Patent Analysis

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Value Chain/Supply Chain Analysis

COVID-19 Impact Analysis for Speaker Driver Market

Speaker Driver Market Scenarios - Pessimistic and Optimistic

Companies Mentioned

  • 1More
  • Aac Technologies
  • Audeze LLC
  • Bellsing
  • Beyerdynamic GmbH & Co. Kg
  • Concraft Holding Co., Ltd
  • Eastech
  • Fortune Grand Technology Inc.
  • Fostex International
  • Goertek
  • Knowles Electronics
  • Merry Electronics Co., Ltd.
  • Molex
  • Ole Wolff
  • Premium Sound Solutions
  • Samsung Electronics
  • Sennheiser Electronic GmbH & Co. Kg
  • Sonion
  • Sony Corporation
  • Tymphany
  • Voz Electronic Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/r/xvznpg





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