Technavio, a tech-focused market research firm, has published a new report on the global micro speaker market, which is expected to grow at a CAGR of close to 10% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global micro speaker market into the following key regions: APAC, Europe, North America, and ROW.
Source: Technavio
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Top three contributors for the global micro speaker market are elaborated below
Micro speakers market in APAC: Factors such as high disposable income and purchasing power of the people drive the demand for micro speakers in the region. China, Japan, and India were the major contributors to the market in 2016.
According to Abhay Sinha, a lead analyst at Technavio, “The presence of big vendors such as Samsung, Pioneer, and Panasonic have increased the awareness of consumer devices such as smart TVs and smartphones in APAC. This, in turn, facilitates the growth of the micro speakers market in the region.”
Micro speakers market in North America: The US dominates the market for micro speakers in the region. The demand for the use of laptops, smartphones, and TVs in North America is projected to open up opportunities for the growth of the micro speakers market in this region.
Micro speakers market in Europe: The micro speakers market in Europe is highly supported by the Western European countries, though there exists a high potential for growth in the Eastern European countries as well. The increase in the capability of spending of the population in the Western European countries, like the UK and Germany, is anticipated to favor the growth of the micro speakers market in Europe during the forecast period.
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The leading vendors operating in the global micro speakers market are:
- AAC Technologies
- BSE
- ESTec
- GoerTek
- Knowles
- Beats Electronics
- Bose
- Harman
- Samsung
- Apple
- Lenovo
- ASUS
- Huawei
Other prominent vendors in the market include BRAVEN, Creative Technology, Denon, HMDX, Jawbone, JBL, LG Electronics, Logitech, Panasonic, Philips, Pioneer, Polk Audio, Sony, Coolpad, LG Electronics, HTC, Microsoft, Motorola Mobility, TCL, and Xiaomi.
A more detailed analysis is available in the Technavio report titled, ‘Global Micro Speakers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Portable Speaker Market 2017-2021
- Global Bluetooth Speaker Market 2016-2020
- Global Speaker Market 2016-2020
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