Loud Speakers Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2022–2030
The Global Speakers
Market size was USD 38.65 Billion in 2021 and is
expected to register a revenue CAGR of 6.6% over the forecast period, according
to the latest report by Reports and Data. Revenue growth of the market is
expected to be driven by increase in consumer demand for better audio experience
and rising need for improving communication among teams in a conference or
meeting.
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Clear voices are essential for
effective conferences or meetings. Thus, speakers with high vocal frequencies
are used to deliver a clear sound. A conference speaker will deliver a crisper
and more reliable audio experience, which is one of the factors driving the
market growth. In addition, the conference speakers are small, designed to not
take up valuable desk space in an office, and they can also be connected to a
variety of devices either wirelessly or through a cable. The speaker connects
wirelessly to all devices, including smartphones, tablets, and computers. It
uses the latest Bluetooth standard (5.0), which is more energy-efficient and
improves audio quality and range significantly. Furthermore, growing number of
organizations has resulted in more meetings and conferences, which has led to
an increase in adoption of speakers, contributing to revenue growth of the
market.
Top
Profiled in the Global Speakers Market Report:
·
Samsung Electronics Co.,
Ltd.,
·
Sony Corporation,
·
Koninklijke Philips N.V.,
·
Apple, Inc.,
·
Guoguang Electric Company
Limited,
·
Google LLC
·
Others
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Market
Segmentation:
By Product Type Outlook
- Smart Speakers
- Home Audio Speakers
- Portable Speakers
- Others
By Technology Outlook
- Wireless
- Wired
By Size Outlook
- Small
- Medium
- Large
By Sales Channel Outlook
- Online
- Offline
By End-use Outlook
- Personal
- Commercial
Key
Takeaways of the Global Speakers Market Report:
·
A comprehensive overview
of the global Speakers industry.
·
Accurate market
projections in terms of market size, share, and volume.
·
Thorough study of the
global market dynamics, such as major market revenue growth drivers,
opportunities, threats, challenges, restraints, and future growth avenues.
·
Deep-dive analysis of the
upcoming market trends.
·
Qualitative
and quantitative analyses of the global Speakers market.
·
Elaborate study of the
leading regional markets in the global Speakers market.
·
Complete
overview of the market’s competitive landscape.
·
Brief look at the company profiles and portfolios.
Key Regional Markets Covered in the Report:
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Russia
o U.K.
o Germany
o France
o BENELUX
o Rest
of Europe
·
Asia Pacific
o China
o Japan
o India
o South
Korea
o Rest
of Asia Pacific
·
Latin America
o Brazil
o Rest
of Latin America
·
Middle East & Africa
o Saudi
Arabia
o U.A.E.
o Israel
Rest of Middle East & Africa
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