The global loudspeaker market size is estimated to reach USD 8.48 billion by 2025, according to a new report by Grand View Research, Inc. Increasing middle class population and rising disposable income is expected to propel industry growth. Rising in-home entertainment, decreasing sound quality of the television owing to reduction in size and growing entertainment spending is anticipated to boost industry over the forecast period.
Technological
advancements in design, sound quality, size and power, and new product
introduction are anticipated to drive demand over the next seven years. The
increasing popularity of wireless streaming of audio content among consumer is
also expected to boost demand over the forecast period.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/loudspeaker-market
Loudspeaker Market
Report Highlights
- Type of
loudspeakers available in market includes satellite/subwoofer, soundbar,
in-wall speaker, multimedia speaker, outdoor speaker, and subwoofers.The
soundbar segment is anticipated to grow at a CAGR over 8% from 2016 to
2025. Growing number of the smart home is anticipated to offer growth
opportunities for soundbar market over the next seven years.
- Consumers use
computers and laptops for watching movies and playing gaming and it has
become an accepted pastime for people. The consumers are anticipated to
upgrade their systems for better sound quality or sound experience. With
an increase in availability of downloadable music or growing penetration of
online buffering sites such as YouTube and Dailymotion, consumers are
expected to upgrade their multimedia speakers.
- North America
and Europe is anticipated to be key region over the forecast period owing
to growing popularity of in-home entertainment. Asia Pacific loudspeaker
market is expected to witness tremendous growth owing to increasing
disposable income and rising population. India and China are expected to
the major region over the next seven years owing to high consumer base and
growing popularity of soundbar in the region.
- Key industry
players include Bose Corporation,Harman International Industries Inc.,
B&W Group Ltd.,Audiovox Corporation, Boston Acoustics Inc., Creative
Labs Inc, and Directed Electronics Inc. Other vendors include Altec
Lansing, , KLH Audio Systems, Klipsch Group Inc., Yamaha Corporation of
America, Cambridge Sound Works Inc.,Sonance, SpeakerCraft Inc., and
Velodyne Acoustics Inc.
- In February
2015, Bose announced the introduction of SoundLink Bluetooth Speaker III,
integrating Bose proprietary technologies to reproduce music with depth
and clarity. In May 2014, Dynaudio announced the release of its latest
generation of wireless high-end loudspeaker series at Europe’s largest
HiFi exhibition. In January 2016, Harman International announced the
release of next generation of Infinity Kappa series subwoofers to deliver
high performance and low distortion.
- In January
2016, Klipsch announced the launch of its Reference Premiere HD Wireless
Speaker. In September 2012, Polk Audio announced a collaboration with
Microsoft’s Interactive Entertainment Business to position Polk as a
strategic premium audio solution partner for Xbox 360
- In August
2015, the LG launched curved soundbar, Music Flow HS8; this loudspeaker is
currently only available in Europe, but is anticipated to be released in
the U.S. in the coming years. As television manufacturers such as Sony and
Samsung begin to innovate and develop more curved TV, it is likely that
these players will also launch curved soundbars over the forecast period.
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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