Speaker Amplifier Market Research, 2027
The global speaker amplifier market size was valued at $3.73 billion in 2019, and is projected to reach $5.80 billion by 2027, to register a CAGR of 7.6% from 2020 to 2027.
A speaker amplifier is a device that transforms signals of low voltage from a source of equipment to signals with enough power for speakers. It is mostly used in sound systems such as home audio systems, musical instrument systems, loudspeakers, and sound reinforcement. The purpose of an amplifier is to increase the vibrations to the maximum extent of signals without affecting frequency or any wavelength, and help improve the efficiency of the system. Speaker amplifiers are also used in wireless communication and broadcasting.
These amplifiers have various features to support inbuilt applications in various products such as portable devices and vehicle & home audio systems.
As per the global speaker amplifier market outlook, it is anticipated to witness significant growth during the period of forecast period, owing to a surge in demand for consumer electronics, growth in the installation of high-performance infotainment systems in automobiles, especially with integrated subwoofer amplifiers, and the development of newer audio technologies to enhance user experience. Consumers prefer devices that are portable, easy to carry, and have features such as high speed, low power consumption, and greater accuracy, which propels manufacturers to focus and come up with advanced features for speaker amplifiers that are supported in handheld devices such as MP3 and portable docking stations. In addition, an increase in demand for audio systems in public and private events across the globe also fuels the growth of the market.
However, technical faults and issues associated with the integration of audio devices is a major restraint for the speaker amplifier market growth.
Segmentation Overview:
The global speaker amplifier market is segmented based on power, end use, and region.
By power, the market is segmented into low power (less than 5W) and mid power (5W to 25W)
By Power Wattage
Less Than 5W segment generated the highest revenue in 2019.
The end-use segment is divided into computer, phones, tablets, over-ear headphones, TWS, home entertainment, commercial, automotive, portable, smart home, IoT, wearable, and AR/VR.
By End Use
Phones segment generated the highest revenue in 2019.
Region wise, the speaker amplifier market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Asia-Pacific is expected to develop at the highest growth rate during the forecast period due to the increasing speaker Amplifier market trends for subwoofer amplifiers. This is attributed toa rise in the adoption of consumer electronics devices, an increase in the disposable income of consumers across developing countries in the region, and extensive technological advancements. Asia-Pacific, especially China and India, remains a significant participant in the global speaker amplifier market, owing to surge in manufacturing capacity of consumer electronics in the region.
By Region
North America segment generated the highest revenue in 2019.
Leading speaker amplifier manufacturers such as STMicroelectronics, NXP Semiconductors, and Infineon are focusing their investments on technologically advanced and cost-effective products. For instance, in March 2020, STMicroelectronics launched the new FDA901 class-D audio amplifier IC, with a semiconductor design that integrates audio design expertise of Alps Alpine Co., Ltd., a major Japanese manufacturer of information communication equipment and car audio equipment. This amplifier is aimed at contributing to the creation of high-fidelity and multi-function car audio systems.
Top Impacting Factors
Surge in demand for consumer electronics, growth in installation of high-performance infotainment systems in automobiles, and development of newer audio technologies to enhance user experience are the major factors that impact the growth of the speaker amplifier market. In addition, an increase in demand for audio systems in public and private events across the globe also fuels the growth of the market. However, technical faults and issues associated with the integration of audio devices are a major restraint for the global speaker amplifier industry. Moreover, a rise in the adoption of IoT technology in media & infotainment systems is expected to create speaker Amplifier market opportunities for the speaker amplifier industry.
Competition Analysis
Competitive analysis and profiles of the major speaker amplifier market players such as Cirrus, Maxim, ROHM, NXP Semiconductors, ADI, STMicroelectronics, Silicon Labs, ICE Power, ON Semiconductors, Monolithic Power Systems, and Infineon are included in the study.
Asian and European countries under lockdowns have suffered major loss of business and revenue, owing to shutdown of manufacturing units in these regions. Moreover, operations of production and manufacturing industries have also impacted heavily by the outbreak of the COVID-19 disease; which has led to restricted growth of the speaker amplifier market in 2020.
The COVID-19 has severely impacted the electronics sector as production facilities have been shutdown, have significant demands in various industries. Factors such as large-scale manufacturing interruption across Europe and interruption in Chinese parts exports may hinder growth of the speaker amplifier market.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global speaker amplifier market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall speaker amplifier market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current speaker amplifier market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the speaker amplifier market share of key vendors.
- The report includes the market trends and the market share of key vendors.
Speaker Amplifier Market, by Power Report Highlights
| Aspects | Details |
 By Power |
|
 By End Use |
|
 By Region |
|
 Key Market Players | STMICROELECTRONICS N.V., Maxim Integrated, Monolithic Power Systems, Inc., Analog Devices, Inc. (ADI), Silicon Laboratories Inc., ROHM CO., LTD., Infineon Technologies AG, ON Semiconductor, ICEpower a/s, Cirrus Logic, Inc., NXP Semiconductor |
Analyst Review
A speaker amplifier is an electronic device, which is used to increase amplifier-sound from low power electronic audio signal to high level audio signal for loudspeakers or headphones. It is used in sound systems such as home audio systems, musical instruments, loudspeakers, and sound reinforcement.
The global speaker amplifier market is anticipated to witness significant growth during the forecast period, owing to surge in demand for consumer electronics, growth in installation of high-performance infotainment systems in automobiles, and development of newer audio technologies to enhance user experience. Consumers prefer devices that are portable, easy to carry, and have features such as high speed, low power consumption, and greater accuracy. Hence, the market players are focused to come up with advanced features in speaker amplifiers that support handheld devices such as MP3 and portable docking stations. In addition, increase in demand for audio systems in public and private events across the globe also fuels growth of the market. However, technical faults and issues associated with integration of audio devices is a major restraint for the speaker amplifier market growth.
Key players are adopting various strategies such as product launch, acquisition, collaboration, and partnership to maintain their foothold in the market. For instance, in February 2019, Cirrus Logic Inc., an American semiconductor supplier specialized in mixed-signal, analog, and audio DSP integrated circuits, launched CS35L41, a low-power boosted smart audio amplifier.
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