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Global Speaker Driver Market: By Device Type: Headphones, Hearing Aids, Smart Speaker, Mobile Phones/Tablets, Loudspeakers; By Driver Type; By Driver Size; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Speaker Driver Market Outlook
The global speaker driver market stood at a value of around USD 26.2 billion in 2021. The market is further expected to grow at a CAGR of 2.40% in the forecast period of 2023-2028 to attain a value of USD 30.2 billion by 2027.
Heightened Demand for Headphones to Bolster the Market Growth of the Global Speaker Driver Industry
Based on device type, the headphones segment is predicted to hold a healthy market share in the speaker driver industry. This growth can be attributed to the increased demand for lightweight and cost-effective headphones. These are especially in demand among consumers engaging in physical activities such as jogging and fitness training. Moreover, the increased availability of wireless earphones and headphones, owing to their ease of use and improved connectivity is also estimated to aid the market growth.
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The Asia Pacific to Provide Profitable Growth Opportunities for the Global Speaker Driver Industry Growth
The Asia Pacific is estimated to occupy a significant share of the speaker driver industry in the forecast period. This growth can be attributed to the presence of the leading market players in the region. In addition, the increased demand for loudspeakers and headphones among consumers, especially the millennial and gen Z population, for the purpose of entertainment is also projected to add to the market growth. In addition, the rising disposable incomes and the improved living standards are also expected to contribute to the market growth.
Speaker Driver: Market Segmentation
Speaker driver refers to loudspeaker transducer that converts an electrical audio signal into sound waves. These drivers come in different sizes, which move back and forth to create changes in the air pressure, thus, producing sound. Most speakers, these days, tend to come with multiple drivers, which are divided with the help of crossovers.
By device type, the market is segregated into:
- Headphones
- Hearing Aids
- Smart Speaker
- Mobile Phones/Tablets
- Loudspeakers
On the basis of driver type, the market can be divided into:
- Dynamic Drivers
- Balanced Armature Drivers
- Planar Magnetic
- Electrostatic
- Others
Based on driver size, the industry can be segmented into:
- Below 20 MM
- 20-110 MM
- Others
On the basis of application, the market can be distributed into:
- Consumer
- Professional/Enterprise
- Medical
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rapid Digitalisation to Drive the Global Speaker Driver Industry
The increased demand for digital devices worldwide with the rapid adoption of smartphones and the growing penetration of internet connectivity is projected to propel the market growth in the forecast period. This can be attributed to the growing technological dependence of consumers on advanced gadgets and devices. In addition, the rising disposable incomes and improved living standards are also projected to contribute significantly towards the market growth. Moreover, the rapid adoption of video-on-demand and OTT platforms is projected to catalyse the demand for speaker drivers in the coming years.
Key Industry Players in the Global Speaker Driver Market
The report gives a detailed analysis of the following key players in the global speaker driver market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Goertek Inc.
- Sony Corporation
- Beyerdynamic GmbH & Co. KG
- Meilu Industrial Co., Ltd.
- Eastech Holding Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Device Type, Driver Type, Driver Size, Application, Region |
| Breakup by Device Type | Headphones, Hearing Aids, Smart Speaker, Mobile Phones/Tablets, Loudspeakers |
| Breakup by Driver Type | Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, Electrostatic, Others |
| Breakup by Driver Size | Below 20 MM, 20-110 MM, Others |
| Breakup by Application | Consumer, Professional/Enterprise, Medical, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Goertek Inc., Sony Corporation, Beyerdynamic GmbH & Co. KG, Meilu Industrial Co., Ltd., Eastech Holding Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Speaker Driver Market Analysis
8.1 Key Industry Highlights
8.2 Global Speaker Driver Historical Market (2018-2022)
8.3 Global Speaker Driver Market Forecast (2023-2028)
8.4 Global Speaker Driver Market by Device Type
8.4.1 Headphones
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Hearing Aids
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Smart Speaker
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Mobile Phones/Tablets
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Loudspeakers
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global Speaker Driver Market by Driver Type
8.5.1 Dynamic Drivers
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Balanced Armature Drivers
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Planar Magnetic
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Electrostatic
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Speaker Driver Market by Driver Size
8.6.1 Below 20 MM
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 20-110 MM
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Speaker Driver Market by Application
8.7.1 Consumer
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Professional/Enterprise
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Medical
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Speaker Driver Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Speaker Driver Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Speaker Driver Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Speaker Driver Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Speaker Driver Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Speaker Driver Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Goertek Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sony Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Beyerdynamic GmbH & Co. KG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Meilu Industrial Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Eastech Holding Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Speaker Driver Market: Key Industry Highlights, 2018 and 2028
2. Global Speaker Driver Historical Market: Breakup by Device Type (USD Billion), 2018-2022
3. Global Speaker Driver Market Forecast: Breakup by Device Type (USD Billion), 2023-2028
4. Global Speaker Driver Historical Market: Breakup by Driver Type (USD Billion), 2018-2022
5. Global Speaker Driver Market Forecast: Breakup by Driver Type (USD Billion), 2023-2028
6. Global Speaker Driver Historical Market: Breakup by Driver Size (USD Billion), 2018-2022
7. Global Speaker Driver Market Forecast: Breakup by Driver Size Channel (USD Billion), 2023-2028
8. Global Speaker Driver Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Global Speaker Driver Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Global Speaker Driver Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Speaker Driver Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Speaker Driver Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Speaker Driver Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Speaker Driver Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Speaker Driver Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Speaker Driver Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Speaker Driver Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Speaker Driver Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Speaker Driver Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Speaker Driver Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Speaker Driver Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Speaker Driver Market Structure
Key Questions Answered in the Report
In 2021, the global speaker driver market attained a value of nearly USD 26.2 billion.
The market is projected to grow at a CAGR of 2.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 30.2 billion by 2027.
The major drivers of the industry, such as the increased demand for enhanced sound quality, growing demand for headphones among the fitness enthusiasts, rising disposable incomes, rapid technological advancements, and rising investments to manufacture improved speaker drivers by the leading manufacturers, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing digitalisation.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant device types considered within the market report include headphones, hearing aids, smart speaker, mobile phones/tablets, and loudspeakers.
The major driver types include dynamic drivers, balanced armature drivers, planar magnetic, electrostatic, and others.
The significant driver sizes include below 20 MM, 20-110 MM, and others.
The significant applications include consumer, professional/enterprise, medical, and others.
The major players in the industry are Goertek Inc., Sony Corporation, Beyerdynamic GmbH & Co. KG, Meilu Industrial Co., Ltd., Eastech Holding Limited, and others.
Analyst Review
The global speaker driver market attained a value of USD 26.2 billion in 2021, driven by the increased demand for enhanced sound quality systems among the millennial and gen Z population worldwide. Aided by the rapid digitalisation, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.40%. The market is projected to reach USD 30.2 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of device type, the market can be distributed into headphones, hearing aids, smart speaker, mobile phones/tablets, and loudspeakers. By driver type, the industry can be segmented into dynamic drivers, balanced armature drivers, planar magnetic, electrostatic, and others. Based on driver size, the market can be categorised into below 20 MM, 20-110 MM, and others. On the basis of application, the industry can be segregated into consumer, professional/enterprise, medical, and others. The major regional markets for speaker driver are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Goertek Inc., Sony Corporation, Beyerdynamic GmbH & Co. KG, Meilu Industrial Co., Ltd., Eastech Holding Limited, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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