According to Technavio’s latest market research study, the global loudspeaker market is expected to grow at a CAGR of close to 8% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global loudspeaker market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the loudspeaker market based on the product type
Source: Technavio
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The top three revenue contributing product segments are discussed below:
Global loudspeaker market by subwoofer speakers: Subwoofer speakers are placed on the floor to amplify the sound effects and are usually preferred for outdoor events such as concerts. Sub-bass frequencies are generated by bass guitars, bass drums, and lower range synthesizer keyboard notes. The industry analysts at Technavio anticipate the global loudspeaker market by subwoofer speakers to account for a revenue of more than USD 1 billion by 2021.
“The adoption of subwoofer in the residential sector is currently on the rise. Users are increasingly upgrading their home sound system to HDTVs and Blu-ray players, clubbed with subwoofers systems to enjoy a movie theater-like experience at home. During 2016, more than 12% of the population in the US spent on the upgradation and installation of home theaters along with high-quality sound systems,” says Ujjwal Doshi, a lead analyst at Technavio for research on consumer electronics.
Global loudspeaker market by midrange speakers: Midrange loudspeakers are used to reproduce sounds in the middle of the frequency spectrum. During a concert, the main use of midrange loudspeakers is to enhance the midrange sound frequencies produced by drums, keyboards, guitars, and vocals for better clarity, making them audible. Midrange loudspeakers also find application in car sound systems.
Global loudspeaker market by high-frequency horns: High-frequency horns are considered to be similar to acoustic impedance transformers. High-frequency horns are one of the most popular types of loudspeakers present in the market. They can produce 10-times sound power when compared with cone speakers. These speakers are used largely in in sound systems for large venues such as auditoriums, stadiums, and theaters, and public address systems.
The top vendors operating in the global loudspeaker market are:
- Bose
- DEI Holdings
- HARMAN International
- VOXX international
- Yamaha
Other prominent vendors in the market include Atlantic Technology, Bowers & Wilkins, Cambridge SoundWorks, Electro-Voice, JBL, KEF, Koninklijke Philips, Logitech, Panasonic, Pioneer, Pyle, RCF, Sennheiser Electronic, and Shure.
A more detailed analysis is available in the Technavio report titled, ‘Global Loud Speakers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Projector Screen Market 2017-2021
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