Global Speaker Driver Market is accounted for $25.90 billion in 2020 and is expected to reach $37.12 billion by 2028 growing at a CAGR of 4.6% during the forecast period. Growing popularity of bass-heavy headphones, increasing demand for consumer electronics, rising consumption of online audio and video streaming services, improving standards of living, rapid urbanization, and robust penetration of mobile phones and high-speed and cheaper internet connectivity are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period, owing to robust infiltration of mobile devices, the presence of key players in the region, growing disposable income, and quick growth of 5G infrastructures in countries such as India, South Korea, China, and Japan.
Some of the key players in Speaker Driver Market include Eastech Holding Limited, Concraft Holding Co. Ltd., Sony Corporation, Voz Electronic co., ltd, Sennheiser electronic GmbH and Co. KG, Fostex International, Goertek, Samsung Electronics, Beyerdynamic GmbH and Co. KG, Knowles Electronics, LLC, AAC Technologies, Fortune Grand Technology inc, Merry Electronics Co. Ltd., Premium Sound Solutions, Audeze llc, Ole Wolff, Tymphany, and Sonion.
Driver Types Covered in Speaker Driver Market
• Balanced Armature Drivers
• ElectroStatic
• Dynamic Drivers
• Planar Magentic
Device Types Covered:
• Loudspeakers
• Headphones/Earphones
• Mobile Phones/Tablets
• Smart Speakers
• Hearing Aids
Sizes Covered:
• 20–110 mm
• Below 20 mm
Applications Covered:
• Professional/Enterprise
• Consumer
• Medical
• Other Applications
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