Learn about the global speaker driver market through The Business Research Company, which provides information on speaker drivers market size, speaker drivers market drivers and restraints, speaker drivers market players, the COVID-19 impact on the speaker drivers market, and more.

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The global speaker drivers market is expected to grow from $20.9 billion in 2020 to $22.25 billion in 2021 at a compound annual growth rate (CAGR) of 6.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $29.29 billion in 2025 at a CAGR of 7.1%.

Increased demand for audio and video streaming services globally are expected to drive innovation in speaker drivers manufacturing, thus driving the market during the forecast period.

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The speaker drivers market consists of sales of speaker drivers by entities (organizations, sole traders and partnerships) that manufacture speaker drivers such as woofers and tweeters. A speaker driver is a device that converts an electrical audio signal to sound waves.

Global speaker drivers market segments include:

By Device Type: Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers

By Driver Type: Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, Electro Static, Others

By Application: Consumer, Professional/Enterprise, Medical, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the speaker drivers market in 2020.

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, thus can play audio without any wires connected to it. Consumers’ consumption behaviour is also changing and a majority of the consumers are shifting towards wireless audio equipment due to its convenience.

TBRC’s speaker drivers market report covers:

Major Market Players: Sony Corporation, Samsung Electronics, BOSE, JBL, Sennheiser Electronic GmbH & Co. KG, Knowles Electronics, Goertek, Beyerdynamic Gmbh & Co. Kg, Fostex International, Merry Electronics Co. Ltd., Concraft Holding Co. Ltd, Eastech, Voz Electronic Co. Ltd, Fortune Grand Technology Inc., Tymphany, Premium Sound Solutions, Ole Wolff, Aac Technologies, 1more, Sonion, Bellsing, Molex, Klipsch, KEF, Definitive Technology i, Bowers & Wilkins, Dynaaudio, QSC, Focal, Quested.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Speaker Drivers Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides speaker drivers market overviews, analyses and forecasts market size, share, speaker drivers market players, speaker drivers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s speaker drivers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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