Speaker Driver: Introduction

  • A speaker driver is a transducer that converts an electrical audio signal to sound waves. It is a loudspeaker with output in the form of sound.
  • The speaker driver market is segmented based on device type, driver type, size, application, and region.
  • Surge in adoption of audio and video streaming services and growing popularity of true wireless earphones are the major driving factors of the global speaker driver market.

Rise in Demand for Headphones/Earphones

  • By device type, the headphones/earphones segment is projected to be the fastest growing segment of the global speaker driver market during the forecast period.
  • Increasing demand for wireless and small-sized earphones among fitness enthusiasts and the rising demand for earbuds propels the growth of the global speaker driver market.
  • Moreover, newly launched bass boosting technology, active noise cancellation technology, and hands-free calling features along with wireless technology is likely to increase the popularity of true wireless earbuds, thus boosting the demand for headphones/earphones in the speaker driver market during the forecast period.
  • By size, the 20–110 mm segment of the market is expected to expand at a substantial rate during the forecast period due to the rising popularity of audio and video features on social networking.
  • In September 2020, Sennheiser Electronic GmbH & Co. KG launched the CX 400BT true wireless 7mm dynamic drivers which are made to deliver high-fidelity stereo sound with deep bass, natural mids, and clear, detailed treble.
  • Some of the restraints of the speaker driver market are harmful effects on the health of listeners because it produces loud levels of sound very close to the ear

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Asia Pacific to Lead the Speaker Driver Market

  • In terms of region, the global speaker driver market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • Asia Pacific is expected to witness fastest growth in the speaker driver market during the forecast period due to increasing demand from countries such as Japan, China, South Korea, Taiwan, and India.
  • Growing demand for smartphones, increasing preference for high-quality audio experience via headphones/earphones, and many technological advancements in speaker drivers propels the growth of the speaker driver market in Asia Pacific.
  • Moreover, leading headphone/earphone, mobile phone, and tablet manufacturers such as Samsung Electronics Co., Ltd., Sony Corporation, Xiaomi Corporation, Oppo, Vivo, Oneplus, and Realme operate in APAC, fueling the growth of the speaker driver market.
  • The speaker driver market in Europe and North America is expected to expand at a substantial rate during the forecast period due to several product launches and developments by several manufactures. On the other hand, the market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.

Key Players Operating in the Global Speaker Driver Market

The global speaker driver market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for speaker drivers. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.

Key players operating in the global speaker driver market include:

  • Sennheiser Electronic GmbH & Co. KG
  • Samsung Electronics
  • Sony Corporation
  • Knowles Electronics
  • Goertek
  • Beyerdynamic GmbH and Co. KG
  • Concraft Holding Co. Ltd.
  • Eastech Holding Limited
  • Fostex International
  • Knowles Electronics, LLC
  • Merry Electronics Co. Ltd.

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Global Speaker Driver Market: Research Scope

Global Speaker Driver Market, by Device Type

  • Headphones/Earphones
  • Hearing Aids
  • Smart Speakers
  • Mobile Phones/Tablets
  • Loudspeakers

Global Speaker Driver Market, by Driver Type

  • Dynamic Drivers
  • Balanced Armature Drivers
  • Planar Magnetic
  • Electrostatic
  • Others

Global Speaker Driver Market, by Size

  • Below 20 mm
  • 20–110 mm
  • Others

Global Speaker Driver Market, by Application

  • Consumer Electronics
  • Professional/Enterprise
  • Medical
  • Others

Global Speaker Driver Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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