PUBLISHER: TechNavio | PRODUCT CODE: 1172629
PUBLISHER: TechNavio | PRODUCT CODE: 1172629
Technavio has been monitoring the speakers market and it is poised to grow by $115.46 bn during 2023-2027, accelerating at a CAGR of 30.5% during the forecast period. Our report on the speakers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of smart speakers, the growing penetration of smart homes, and the popularity of wireless streaming of audio content.
Technavio's speakers market is segmented as below:
By Product
By Technology
By Geographical Landscape
This study identifies the popularity of multi-room streaming speakers as one of the prime reasons driving the speakers market growth during the next few years. Also, the advent of cloud-hosted music streaming services and focus on ai-ready speakers will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading speakers market vendors that include 3nod Group, AAC Technologies Holdings Ltd., Alphabet Inc., Altec Lansing Inc., Amazon.com Inc., Apple Inc., Fortune Grand Technology Inc., Foster Electric Co. Ltd., Guangzhou Merry Audio Equipment Co. Ltd., Koninklijke Philips NV, Lenovo Group Ltd., LG Electronics Inc., Panasonic Holdings Corp., Pioneer India Electronics Pvt. Ltd., Premier Sound Solutions, Samsung Electronics Co. Ltd., Sony Group Corp., Bose Corp., Bowers and Wilkins, and Xiaomi Inc. Also, the speaker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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