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Report
Loudspeaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 139 Pages I IMARC Group
The global loudspeaker market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.20% during 2022-2028.
Loudspeakers are electronic items used to convert electrical energy into acoustic energy. They are widely available in different sizes, types, and features to integrate with different devices. For instance, loudspeakers in sound reinforcement systems are efficient and durable and they have directivity control and power-handling capacity. These speakers find extensive applications in cinemas, theaters, concert halls, stadiums, and arenas wherein direction control of sound radiation and large acoustic power are required. Besides this, as loudspeakers provide wide-coverage angles, stereo imaging, clarity, and accurate and better sounding, their demand is rising around the world.
Loudspeaker Market Trends:
Governing agencies rely on loudspeakers in electronic public address systems to make announcements and spread awareness about a general issue among individuals. This, in confluence with the mass spread of the coronavirus disease (COVID-19), is positively influencing the need for loudspeakers to transit safety messages in public places. Apart from this, rising consumer spending on media and entertainment services, such as live events and films, acts as another major factor increasing the application of loudspeakers in the media and entertainment industry. Moreover, the emerging trend of home theatre systems on account of rapid urbanization, inflating income levels and rising Internet penetration is driving the sales of voice-activated loudspeakers worldwide. Furthermore, leading manufacturers are introducing commercial loudspeakers for easy installation in large-scale distributed establishments like retail stores, restaurants, bars and clubs, and hospitality venues. Besides this, due to the escalating demand for personalized content and enhanced user experience, these manufacturers are offering smart loudspeakers via online channels, which is impelling the market growth. This can be accredited to the thriving e-commerce industry and boosting sales of smart devices.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global loudspeaker market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and end user.
Breakup by Product Type:
Satellite
Subwoofers
Soundbar
In-Wall
Outdoor
Multimedia
Breakup by Application:
Electronic Gadgets
Home Entertainment
Automotive
Communication
Others
Breakup by End User:
Household
Commercial
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bose Corporation, Dynaudio AS (Goertek Inc.), Harbeth Audio Ltd., Harman International Industries Incorporated (Samsung Electronics Co. Ltd.), Koninklijke Philips N.V., Lenovo Group Limited, LG Electronics Inc., Panasonic Corporation, Peavey Electronics Corporation, Sony Corporation, Sound United LLC, Vandersteen Audio and VOXX International Corp.
Key Questions Answered in This Report
1. What was the size of the global loudspeaker market in 2022?
2. What is the expected growth rate of the global loudspeaker market during 2023-2028?
3. What are the key factors driving the global loudspeaker market?
4. What has been the impact of COVID-19 on the global loudspeaker market?
5. What is the breakup of the global loudspeaker market based on the product type?
6. What is the breakup of the global loudspeaker market based on the application?
7. What is the breakup of the global loudspeaker market based on end user?
8. What are the key regions in the global loudspeaker market?
9. Who are the key players/companies in the global loudspeaker market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Loudspeaker Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Satellite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Subwoofers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Soundbar
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 In-Wall
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Outdoor
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Multimedia
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Electronic Gadgets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Home Entertainment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Automotive
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Communication
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Household
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bose Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 Dynaudio AS (Goertek Inc.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Harbeth Audio Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Harman International Industries Incorporated (Samsung Electronics Co. Ltd.)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Koninklijke Philips N.V.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Lenovo Group Limited
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 LG Electronics Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Panasonic Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Peavey Electronics Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Sony Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Sound United LLC
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Vandersteen Audio
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 VOXX International Corp.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
Figure 1: Global: Loudspeaker Market: Major Drivers and Challenges
Figure 2: Global: Loudspeaker Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Loudspeaker Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Loudspeaker Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Loudspeaker Market: Breakup by Application (in %), 2022
Figure 6: Global: Loudspeaker Market: Breakup by End User (in %), 2022
Figure 7: Global: Loudspeaker Market: Breakup by Region (in %), 2022
Figure 8: Global: Loudspeaker (Satellite) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Loudspeaker (Satellite) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Loudspeaker (Subwoofers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Loudspeaker (Subwoofers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Loudspeaker (Soundbar) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Loudspeaker (Soundbar) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Loudspeaker (In-Wall) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Loudspeaker (In-Wall) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Loudspeaker (Outdoor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Loudspeaker (Outdoor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Loudspeaker (Multimedia) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Loudspeaker (Multimedia) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Loudspeaker (Electronic Gadgets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Loudspeaker (Electronic Gadgets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Loudspeaker (Home Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Loudspeaker (Home Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Loudspeaker (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Loudspeaker (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Loudspeaker (Communication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Loudspeaker (Communication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Loudspeaker (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Loudspeaker (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Loudspeaker (Household) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Loudspeaker (Household) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Loudspeaker (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Loudspeaker (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Loudspeaker (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Loudspeaker (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: United States: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Canada: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Canada: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia-Pacific: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia-Pacific: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: China: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Japan: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Japan: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: India: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: India: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South Korea: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South Korea: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Australia: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Australia: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Indonesia: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Indonesia: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Europe: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Germany: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Italy: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Italy: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Spain: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Spain: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Russia: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Russia: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Latin America: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Latin America: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Brazil: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Mexico: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Mexico: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Middle East and Africa: Loudspeaker Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Middle East and Africa: Loudspeaker Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Loudspeaker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Global: Loudspeaker Industry: SWOT Analysis
Figure 86: Global: Loudspeaker Industry: Value Chain Analysis
Figure 87: Global: Loudspeaker Industry: Porter's Five Forces Analysis
Table 1: Global: Loudspeaker Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Loudspeaker Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Loudspeaker Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Loudspeaker Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Loudspeaker Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Loudspeaker Market: Competitive Structure
Table 7: Global: Loudspeaker Market: Key Players
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