Loudspeaker Market
Loudspeaker Market: Need for Devices in Outdoor Environments Such as Theatres and Concert Halls to Drive Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028
- 2018-11-09
- REP-GB-7589
- 230 pages
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An Incisive, In-depth Analysis on the Loudspeaker Market
This study offers a comprehensive, 360 degree analysis on the Loudspeaker market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Loudspeaker market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactLoudspeakers, as considered under the scope of the report titled “Loudspeaker Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” are electronic transducers that convert an electrical audio signal into a corresponding sound. An alternating current electrical audio signal is applied to the input of loudspeakers, where it reaches the voice coil, following which the coil moves repeatedly back and forth as per the faradays law of induction and causes the diaphragm (in most cases) to move and push the air to produce sound. Speakers and loudspeakers are considered to be the same device as both produce sound by converting an electrical signal into sound. There is only one difference between a speaker and a loudspeaker, which is that loudspeakers are capable of producing a loud sound, i.e., they are speakers that have a high wattage rating.
The global loudspeaker market is expected to register a CAGR of 7.3% during 2018 – 2028, with North America and Southeast Asia & others of Asia Pacific economies accounting for an approximate market share of 40% by the end of the forecast period.
Loudspeakers have become a top priority for outdoor entertainers as well as for cinema halls and restaurants. The growing popularity and increasing applications of loudspeakers at different places is among the key drivers of the loudspeaker market. The growth of the music streaming industry has also supported the loudspeaker market to a great extent. This has encouraged the adoption of loudspeakers for indoor use as it has become easier for users to access the content of their choice on-demand, thus eliminating the need for depending upon other sources such as cassettes and compact discs.
On the basis of type, the global loudspeaker market can be segmented into portable loudspeakers, soundbars, home theatre arrays, multimedia systems, stereo systems and others. On the basis of deployment, the global loudspeaker market is segmented into indoor and outdoor. On the basis of speaker design, the global loudspeaker market is segmented into with diaphragm and without diaphragm loudspeakers. However, owing to the low popularity and complex structure of without diaphragm loudspeakers, they are expected to witness a lower growth rate as compared to with diaphragm loudspeakers.
Loudspeakers have been popular among people who have a refined sense of music. Today, people who buy loudspeakers for home or indoor usage want these systems to produce sound of a higher quality as compared to normal speakers. Loudspeakers have different kinds of drivers for producing sound at specific frequencies, which responsible for the production of refined sound. Different kinds of drivers are embedded into loudspeakers. Subwoofers, a sub-category of the woofer driver, is used only for the production of lowest-pitched sounds in the audio spectrum that are below 200 Hz for consumer systems and below 100 Hz for professional live sound. Woofers are drivers that are specifically made for low frequencies.
The market in the North America region is expected to present the most attractive opportunities for loudspeaker providers, followed by the Southeast Asia & others of APAC market. The loudspeaker market in SEA and others of APAC is estimated to expand at a significant CAGR in terms of value over the forecast period. In addition, the loudspeaker market in Latin America is also expected to witness significantly high growth. The market value of loudspeakers in Eastern Europe is projected to register a total incremental opportunity of US$ 214.9 Mn. However, by the end of 2020, the North American loudspeaker market is expected to continue to dominate the global loudspeaker market due to the large presence of loudspeaker providers as well as high demand for the outdoor deployment loudspeakers in the region.
Some of the vendors in this study of the global loudspeaker market include Bose Corporation; Harman International Industries; Yamaha Corporation; Klipsch Group, Inc. (A VOXX International Company); LG Electronics Inc.; Sony Corporation; Logitech International S.A; Panasonic Corporation; Sound United LLC; Creative Technology Ltd. and Bowers & Wilkins.
Report Synopsis
Future Market Insights (FMI) offers a 10-year forecast of the global loudspeaker market between 2018 and 2028. In terms of value, the loudspeaker market is expected to register a steady CAGR during the forecast period. This study demonstrates the loudspeaker market dynamics and trends globally across eight regions: North America, Latin America, Western Europe, Eastern Europe, SEA & Others of APAC, China, Japan and the Middle East & Africa, which influence the current nature as well as the future status of the loudspeaker market during the forecast period.
Report Description
This research report provides a detailed analysis of the global loudspeaker market and offers insights about the various factors driving the popularity of loudspeakers and their features. The report includes an extensive analysis of key industry loudspeaker market drivers, loudspeaker market restraints, loudspeaker market trends as well as market structure. The loudspeaker market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the loudspeaker market based on type, deployment and speaker design across different regions globally.
The loudspeaker market is expected to witness moderate revenue growth during the forecast period owing to an increase in the usage of music streaming applications and platforms which support the market for loudspeakers.
The global loudspeaker market report starts with an overview of the loudspeaker market in terms of value. In addition, this section includes an analysis of the key trends, drivers and restraints from the supply, demand and economy perspectives, which are influencing the loudspeaker market.
With respect to the types of loudspeakers, the stereo systems loudspeaker segment is expected to register the highest growth in the global loudspeaker market and it is expected dominate the global loudspeaker market throughout the forecast period in terms of value. On the basis of deployment, the indoor loudspeaker deployment segment is expected to register the highest market share in the global loudspeaker market by the end of the forecast period. On the basis of the speaker design segment of loudspeakers, the diaphragm loudspeakers segment is expected to witness a higher growth rate as compared to loudspeakers without diaphragm.
A detailed analysis has been provided for every segment in terms of the loudspeaker market size across different regions. This section provides a detailed analysis of the key trends of the loudspeaker market in each region.
The next section in the global loudspeaker market consists of a detailed analysis of the loudspeaker market across various countries in the region. It provides a market outlook for 2018–2028 and sets the forecast within the context of the loudspeaker market to include the latest technological developments as well as offerings in the loudspeaker market. This study discusses key trends within countries that contribute to the growth of the loudspeaker market as well as analyses the degrees at which the drivers are influencing the loudspeaker market in each region. Key regions and countries assessed in this report include North America (U.S. and Canada), Latin America (Brazil, Mexico and the rest of Latin America), Western Europe (Germany , France, UK, Italy, Spain, Benelux, Nordic and the rest of Western Europe), Eastern Europe (Russia, Poland and the rest of Eastern Europe), SEA and others of APAC (India, Australia & New Zealand, ASEAN and the rest of APAC), Japan, China and MEA (GCC Countries, South Africa, and the rest of MEA). The report on the global loudspeaker market evaluates the present scenario and the growth prospects of the loudspeaker market in various regions globally for the period 2018 –2028. We have considered 2017 as the base year and provided data for the remaining 12 months.
To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the loudspeaker market will grow in the future. Given the characteristics of the loudspeaker market, we have triangulated the outcome of different types of analysis based on the technology trends.
As previously highlighted, the global loudspeaker market is split into a number of segments. All segments in terms of type, deployment, speaker design and different regions are analysed in terms of basis points to understand the individual contribution of each segment to the growth of the loudspeaker market. This detailed information is important for the identification of various key trends of the global loudspeaker market.
In addition, another key feature of this report on the global loudspeaker market is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global loudspeaker market.
In the final section of the loudspeaker market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the loudspeaker portfolio and key differentiators in the global loudspeaker market. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the loudspeaker supply chain and the potential players in the loudspeaker market. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and their success in the loudspeaker market. Detailed profiles of loudspeaker providers are also included in the scope of the report to evaluate their long-term & short-term strategies, key offerings and recent developments in the loudspeaker market. Key competitors covered in the global loudspeaker market report include Bose Corporation; Harman International Industries; Yamaha Corporation; Klipsch Group, Inc. (A VOXX International Company); LG Electronics Inc.; Sony Corporation; Logitech International S.A; Panasonic Corporation; Sound United LLC; Creative Technology Ltd. and Bowers & Wilkins.
Key Segments
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By Deployment
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Indoor
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Outdoor
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By Speaker Design
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With Diaphragm
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Without Diaphragm
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By Type
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Portable Loudspeakers
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Soundbars
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Home Theatre Arrays
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Multimedia Systems
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Stereo Systems
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Others
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Key Regional Markets
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North America Loudspeaker Market
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U.S.
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Canada
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Latin America Loudspeaker Market
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Brazil
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Mexico
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Rest of Latin America
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Western Europe Loudspeaker Market
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Germany
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France
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Italy
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Spain
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U.K.
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BENELUX
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Nordic
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Rest of Western Europe
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Eastern Europe Loudspeaker Market
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Russia
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Poland
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Rest of Eastern Europe
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SEA and other of APAC Loudspeaker Market
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India
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ASEAN
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Australia & New Zealand
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Rest of SEA & other APAC
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China Loudspeaker Market
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Japan Loudspeaker Market
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MEA Loudspeaker Market
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GCC Countries
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South Africa
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Rest of MEA
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Key Players in the Loudspeaker Market
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Bose Corporation
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Harman International Industries
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Yamaha Corporation
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Klipsch Group, Inc. (A VOXX International Company)
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LG Electronics Inc.
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Sony Corporation
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Logitech International S.A
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Panasonic Corporation
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Sound United LLC
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Bowers & Wilkins
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