Speaker Driver Market Size, Trends & Analysis - Forecasts to 2026 By Type of Device (Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, and Loudspeakers), By Type of Driver (Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, Electrostatic, and Others), By Type of Size (Below 20 mm, 20–110 mm, and Others), By Type of Application (Consumer, Professional/Enterprise, Medical, and Others), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
The Speaker driver is the device that converts an electrical audio signal to sound waves. The Speaker driver is also termed as a loudspeaker. The speaker driver has a diaphragm that moves back and forth which helps in the generation of pressure waves, dust cap, pole piece, spider, frame, lead wires, tags, and voice coil respectively. When the current passes through the speaker driver, it creates a magnetic field which creates pressure differentials that in turn transform into sound waves.
According to the report published by Global Market Estimates Research & Consultants, the speaker driver market is purported to portray a conspicuous enrichment of 2.5% through the forecast period (2020-2026).
High-security risks and availability of substitutes may be a hindrance towards the development of the market, yet an increase in the use of modern technologies, the introduction of the 5G network, and an increase in audio streaming services are the propellors fuelling the vegetation on the global market.
Headphones/earphones, smart speakers, hearing aids, and loudspeakers are sorts of devices in the speaker driver market. The component calculated to command in the forecast period is the Headphones/earphones. An increase in end-users, an increase in sales of smartphones, and an increase in population are some of the key factors influencing the augmentation of the global market.
Based on the type of driver, dynamic drivers, balanced armature drivers, planar magnetic, electrostatic, and others are the market categorization of the global market. The dynamic drivers' segment is studied to be rapidly in the forecast period. An increase in electronic manufacturing industries, demand for compact speakers, and adoption of video streaming devices are the drivers assisting the expansion of the global market.
Based on the size, below 20 mm, 20–110 mm, and others are the different sizes of the speaker driver market. 20-110mm is the commercial segment predicted to grow in the forecast period. the popularity of wireless devices, innovative advancements, and an increase in usage of smart gadgets are the accelerators of the global speaker driver market.
The market segmentation for application in the speaker driver market is consumer, medical, professional/enterprise, and others. Consumers are the revenue builder of the global market. The use of speakers for fitness activities, increase in demand for home automation, the prevalence of the media and entertainment domain, and rapid launches by speaker driver industries are some of the inferences affecting the increase of the global market.
Based on geographical analysis, the Asia Pacific region is heeded to drive in imposing momentum during the forecast period. The rise in investments towards research & developments, non-stop demand for end-users, and growing usage of compressed and cost-efficiency speakers are the assertive influencers of the market.
Fostex International, Eastech, Voz Electronic Co. Ltd., Fortune Grand Technology Inc., Tymphany, Premium Sound Solutions, Ole Wolff, AAC Technologies, 1More, Sonion, Bellsing, Molex, Audeze LLC, Sennheiser Electronic GmbH & Co. KG, Samsung Electronics, Sony Corporation, Knowles Electronics, Goertek, Beyerdynamic GmbH & Co. KG, and other industries are the dominant players in the global speaker driver market.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2020, Mayht launched a new speaker driver technology which attracted multifold investment and funding from FORWARD.one
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The Global Speaker Driver Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Speaker Driver Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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