Report Code: A14673 | Pages: NA | Mar 2023 | 881 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Speaker Driver Market
Request Now !A speaker driver is a transducer that converts an electrical audio signal to sound waves. It is a loudspeaker with output in the form of sound. Speaker drivers play a very important role in reducing the audio output quality of the headphones. As the demand for bass-heavy headphones is increasing, the integration of large-sized drivers has become the main focus. The area covered by the magnet or the size of this field is directly proportional to its bass effect. A large magnetic field generates deep bass. The larger the air displacement, the higher the volume. To recreate realistic bass response in a driver, the driver must be able to displace air. Dynamic drivers are excellent in displacing air. Therefore, these drivers are most suited for creating an impressive bass response.
"The Global Speaker Driver market is segmented on the basis of Type, Driver, Application, and Region. Based on type, the market is divided into Mobile Phones/Tablets, Headphones/Earphones, Smart Speakers. In terms of application, the market is categorized into Consumer, Enterprise, Medical. On the basis of Driver, the market is divided into Dynamic Driver, Balanced Armature Driver, Planar Magnetic, Electrostatic. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
COVID-19 scenario analysis:Â
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Attributed to increasing demand for wireless and small sized earphones among fitness enthusiasts, the supply of earbuds has increased, leading to an increase in the demand for speaker drivers. The increasing adoption of audio and video streaming services and growing demand for smartphones are major key drivers of the speaker driver market. However, some of the limitations in the speaker driver market have detrimental effects on the health of listeners, as they produce high sound levels close to ear, the volatility of prices in raw materials, such as copper aluminum and steel, is expected to have a significant impact on the manufacturing cost of speaker drivers. Whereas, rising popularity of wireless audio equipment is creating opportunity for the market.
The global speaker driver market trends are as follows:
New product launches to flourish the market
New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well.
In September 2020, Sennheiser launched the CX 400BT True Wireless. It is equipped with 7mm dynamic drivers and delivers high-fidelity stereo sound with deep bass, natural mids, and clear, detailed treble.
 In November 2019, GN Store Nord A/S entered into a partnership with Knowles Electronics with an aim to offer intelligent video, audio, and hearing solutions
Surge in usage in electronic and industrial application
The rising popularity of wireless audio equipment is an emerging trend in the speaker drivers market. Due to technological advancements, speaker drivers are now enabled with Bluetooth or Wi-Fi; hence, it can play audio without any wires connected to it. Consumers' consumption behavior is also changing and a majority of the consumers are shifting toward wireless audio equipment due to its convenience. Due to this, the speaker driver market is experiencing growth.
Smart speakers are gaining popularity in tourism and hospitality sectors. In hospitality application, these can be used for room control lighting, playing audio content, learning about weather and travel updates, ordering room service and housekeeping, calling reception, and checking out. The rapid expansion and commercialization of 5G networks is another factor supporting the market growth as this enables subscribers to access uninterrupted high quality content, which, in turn, is resulting in increasing need for high quality audio output systems among consumers.
Key benefits of the report:
The current Speaker Driver market forecast is quantitatively analyzed to benchmark the financial competency.
Speaker Driver Market Report Highlights
Aspects | Details |
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By Type |
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By Driver |
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By Application |
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By Region |
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Key Market Players | Sennheiser Electronic GmbH & Co. KG, Samsung Electronics, Sony Corporation, Knowles Electronics, Bose, Beyerdynamic GmbH & Co. KG, Fostex International, Eastec Voz Electronic co. ltd, Fortune Grand Technology inc. |
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