Global Market Insights adds global Loudspeaker Market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
The North America and Europe loudspeaker market size will be driven by the increase in buying and installation of home entertainments. However, frail macroeconomic factors and lack of growth in wages & income might hinder the growth over the coming years. Growing population of music listeners, increasing digital music sales and popularity of audio & video entertainment segments are expected to impact the regional market positively over next decade.
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Loudspeaker Market size will be fueled by changing customer lifestyle & preferences, increase in the infiltration of mobile & internet transactions and rise in the usage of wireless technology. Global consumption will be spurred the increasing demand for soundbars. Hi-tech developments in sound quality, power consumption, size and design are anticipated to offer key manufacturing companies a competitive edge.
Growth of customer expenses in the entertainment segment are expected to open new doors for industry players over the next decade. Internet penetration, accessibility of a strong delivery network and rising global population are projected to enhance the loudspeaker market size over the forecast timeframe.
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The main demand for the loudspeaker market is witnessed across several applications such as commercial, home audio and consumer. Major product segments include satellite, sound bar, subwoofer, in-ceiling, in-wall, multimedia, outdoor and home theatre. The soundbar speaker has wireless technologies such as Bluetooth, NFC and Wi-Fi connectivity embedded into it.
Customers such as business owners and residential users, install subwoofer and satellite speakers for home, leisure and hospitality sector which gives them better sound experience. They are used to produce low pitch audio frequencies. The quality of audio produced from these speakers is offering growth opportunities to subwoofer and satellite speakers in the loudspeaker market.
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Harmful health effects on children & other user groups and the operating frequency rules and regulations by the government are the major factors which may hinder the loudspeaker market size. These factors possibly will not have long-term adverse effects on the customers due to the technological advancements.
The industry players include Sony, Bose Corporation, Yamaha Corporation of America, Cambridge Sound Works, Inc., Definitive Technology, Polk Audio, Beats Inc, Audiovox Corporation, Altec Lansing, Directed Electronics, Inc., Boston Acoustics B&W Group Ltd., Creative Labs, Inc., KLH Audio Systems, SpeakerCraft, Inc., Klipsch Group, Inc., Harman International and Sonance. In 2014, Harman International declared its acquisition of AMX through The Duchesses Group for USD 365 million.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.