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Asia Pacific Speaker Market Size, Share, Trends, Analysis: By Type: Wired Speaker, Wireless Speaker; By Application: Consumer Electronics, Professional Audio, Automotive, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Asia Pacific Speaker Market Size
The Asia Pacific speaker market is projected to grow at a CAGR of 26.40% between 2024 and 2032.
Asia Pacific Speaker Market Outlook
- The overall growth of cars, utility vehicles, and sedans in India in April 2024 was 2 per cent, boosting the demand for vehicle speakers in the country.
- Xiaodu Technology announced the launch of its Tiantian Casa ARIA smart speaker in China in October 2023, which is equipped with a transparent casing.
- Google announced the launch of smart speakers, Google Home, and Google Home Mini, in April 2024 in India.
Asia Pacific Speaker Market Growth
The rising demand for smart speakers such as Amazon Echo and Google Home, the prevalence of music and video streaming services, and the burgeoning popularity of home theatre experience are some of the prominent market drivers.
The growth of the gaming sector in the region has further fuelled the demand for speakers which offer an immersive sound quality to the players. As of 2023, there are around 1.48 billion gamers in Asia which creates ample opportunities for the sales of speakers. Bluetooth and Wi-Fi speakers are also gaining prominence in the market as they offer superior sound quality and remove the hassle of wire-based connectivity.
Market players are readily launching new speaker models that offer powerful sound and offer functionalities such as switching between sound modes. For instance, Sony announced the launch of the ULT Power Sound audio line-up in Malaysia in June 2024, which encompasses the ULT Tower 10 portable wireless speaker as well as the ULT Field 1 and 7 wireless speakers.
Asia Pacific Speaker Industry Segmentation
“Asia Pacific Speaker Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Wired Speaker
- Wireless Speaker
Market Breakup by Application
- Consumer Electronics
- Professional Audio
- Automotive
- Others
Market Breakup by Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
Asia Pacific Speaker Market Share
Based on type, the market is divided into wired speaker and wireless speaker. Wired speakers occupy a significant share of the market due to their widespread availability in the regional market. They possess low sound latency and high audio quality which lasts for a long period of time, appealing greatly to audiophiles. Additionally, they provide better resistance against any unwanted outside interference compared to wireless speakers and come at an affordable rate, making them more accessible.
Leading Companies in the Asia Pacific Speaker Market
The market participants are developing speakers with sleek designs and superior sound quality to meet the evolving regulatory landscape.
- Sony Corporation
- Samsung Electronics Co. Ltd.
- Bose Corporation
- Sonos, Inc.
- LG Corporation
- Panasonic Holdings Corporation
- Apple, Inc.
- Amazon.com Inc.
- Alphabet Inc.
- Marshall Group AB
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Speaker Market Overview
8.1 Key Industry Highlights
8.2 Global Speaker Historical Market (2018-2023)
8.3 Global Speaker Market Forecast (2024-2032)
8.4 Global Speaker Market Breakup by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Speaker Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Speaker Historical Market (2018-2023)
9.3 Asia Pacific Speaker Market Forecast (2024-2032)
10 Asia Pacific Speaker Market by Type
10.1 Wired Speaker
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Wireless Speaker
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Asia Pacific Speaker Market by Application
11.1 Consumer Electronics
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Professional Audio
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Automotive
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Asia Pacific Speaker Market by Country
12.1 China
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Japan
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 ASEAN
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Sony Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Samsung Electronics Co. Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Bose Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Sonos, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 LG Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Panasonic Holdings Corporation
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Apple, Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Amazon.com Inc.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Alphabet Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Marshall Group AB
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Speaker Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Speaker Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Speaker Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Asia Pacific Speaker Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Asia Pacific Speaker Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Asia Pacific Speaker Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Asia Pacific Speaker Historical Market: Breakup by Country (USD Billion), 2018-2023
8. Asia Pacific Speaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. Asia Pacific Speaker Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 26.40% between 2024 and 2032.
The market is being driven due to rising demand for smart speakers such as Amazon Echo and Google Home, the prevalence of music and video streaming services, and the burgeoning popularity of the home theatre experience.
The key trends aiding the market include the growth of the gaming sector, the rising launch of new speaker models, and demand for hi-fi speaker systems.
Countries considered in the market are China, Japan, India, ASEAN, and Australia, among others.
Based on type, market segmentations include wired speaker and wireless speaker.
Various applications are consumer electronics, professional audio, and automotive, among others.
Wired speakers hold the highest share in the market.
The major players in the market are Sony Corporation, Samsung Electronics Co. Ltd., Bose Corporation, Sonos, Inc., LG Corporation, Panasonic Holdings Corporation, Apple, Inc., Amazon.com Inc., Alphabet Inc., and Marshall Group AB, among others.
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