Global Speaker Driver Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

Global Speaker Driver Market Report and Forecast 2022-2027
Global Speaker Driver Market To Be Driven By The Rising Digitalisation In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Speaker Driver Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global speaker driver market, assessing the market based on its segments like device types, driver types, driver sizes, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

Historical Market Size (2021): Approximately USD 26.2 Billion
Forecast CAGR (2022-2027): 40%
Forecast Market Size (2027): About USD 30.2 Billion

The speaker driver industry is being driven by the growing adoption of digital devices among consumers and the increasing penetration of internet facilities. This can be attributed to the rising disposable incomes, rapid urbanisation and improved living standards. In addition, the rapid adoption of OTT and video-on-demand services are leading consumers to invest in quality sound outlets such as efficient loudspeakers and noise-cancelling headphones, which is estimated to add to the market growth of speaker driver. With the surging health and fitness consciousness, the demand for cost-effective, wireless, and lightweight headphones for activities such as jogging and physical training is growing. This, in turn, is estimated to augment the industry growth in the forecast period.

Industry Definition and Major Segments

Speaker drivers are loudspeaker transducers that convert an electrical audio signal into sound waves. They are typically made using paper, plastic and metal and come in various sizes, based on the frequencies they can handle. Loudspeakers, mobile phones, and headphones, among others, come with different speaker drivers to help produce varied ranges of sound.

The market, on the basis of device type, can be divided into:

Hearing Aids
Smart Speaker
Mobile Phones/Tablets

Based on driver type, the industry can be segregated into:

Dynamic Drivers
Balanced Armature Drivers
Planar Magnetic

By driver size, the market can be categorised into:

Below 20 MM
20-110 MM

Based on application, the industry can be segmented into:


The regional markets for speaker driver include:

North America
Asia Pacific
Latin America
Middle East and Africa

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Market Trends

The global market for speaker driver is being driven by the rising demand for efficient audio solutions with improved sound quality. This can be associated with the growing millennial and gen Z population, who are increasingly investing in quality headphones and earphones for activities such as gaming and music listening. In addition, the increased demand for wireless earphones among fitness enthusiasts are also adding to the market growth. Moreover, rapid technological advancements such as the development of smart speakers with voice controls and enhanced compatibility with other smart devices are also attracting consumers. The factors are anticipated to augment the market growth in the coming years.

Key Market Players

The major players in the market are Goertek Inc., Sony Corporation, Beyerdynamic GmbH & Co. KG, Meilu Industrial Co., Ltd., and Eastech Holding Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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