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Global Speaker Amplifier Market to Grow at a CAGR of 7.6% During 2021-2026, Aided by the Surging Demand for Consumer Electronics

According to a new report by EMR titled, ‘Global Speaker Amplifier Market Report and Forecast 2021-2026’, the market attained a value of about USD 4 billion in 2020. The industry is further expected to grow at a CAGR of 7.6% in the forecast period of 2021-2026 to reach a value of nearly USD 5.4 billion by 2026.

The Asia Pacific region is witnessing healthy growth owing to inflating disposable income and rapid urbanisation. Moreover, the exponential rise in population in the region is increasing the demand for consumer electronics significantly, therefore propelling the market growth. In addition, the rising demand for smart speakers, on-head earphones, and smart homes in emerging economies like India and China are propelling the market growth. Many of the countries in the region are manufacturing hubs of automobiles and consumer electronics that use speaker amplifiers extensively. This is further boosting the market growth in the region. Moreover, the adoption of the latest technologies in Japan and South Korea are increasing the demand for an advanced speaker amplifier, hence augmenting the market growth and contributing significantly to the expansion of the overall industry.

Cirrus Logic, Inc. (NASDAQ: CRUS), one of the leading players in the market, launched the CS35L45 boosted amplifier in March 2021. The boosted amplifier offers consumers a new level of audio enjoyment for a richer and more immersive audio experience from smartphones, tablets, and mobile gaming devices. The amplifier delivers a higher excursion of high-peak loudness, improved dynamic range for more punch and bass precision, more tonal balance at all volume levels, and less noise and audible artifacts. This would enable mobile devices manufacturers to push audio performance to new industry benchmarks. It has a Class-D audio amplifier with DSP to easily integrate into a stereo or multi-speaker playback solution for next-generation high-end mobile devices and improving performance in mid-tier devices without upgrading the device’s speakers. The development of such advanced products by the leading companies is expected to fuel the market growth.

Market Analysis by Power, End Use, and Region:

  • The market, on the basis of power, can be divided into low-power (less than 5W) and mid power (5-25W).
  • Based on end use, the industry can be divided into computer, phone, tablet, over-ear headphones, TWS, home entertainment, commercial, automotive, portable, smart home, IoT, and wearable. 
  • The regional markets for speaker amplifier include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising demand for smart speakers with automated audio control is aiding the market growth.
  • The industry is being driven by the growing use of speaker amplifiers in the entertainment, commercial, and educational industries.
  • The development of speaker amplifiers with improved efficiency and high-audio quality owing to technological advancements is augmenting the market growth. 
  • The surging use of speaker amplifiers in the automotive sector to boost the low-level audio signal is invigorating the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global speaker amplifier market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the powers, end uses, and regions of speaker amplifier.
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for speaker amplifier are Analog Devices, Inc., Cirrus Logic, Inc., ICEpower a/s, Infineon Technologies AG, NXP Semiconductor, Semiconductor Components Industries, LLC, and Rohm Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major 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 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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