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Asia Pacific Speaker Market

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 Market

 

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:

  • Type
  • Application
  • Region
Breakup by Type
  • Wired Speaker 
  • Wireless Speaker
Breakup by Application
  • Consumer Electronics 
  • Professional Audio 
  • Automotive 
  • Others
Breakup by Region
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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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