Global Speakers Market is accounted for $49.38 billion in 2020 and is expected to reach $255.37 billion by 2028 growing at a CAGR of 22.8% during the forecast period. While the factors like rising in popularity of wireless streaming of audio content and increasing adoption of smart speakers are driving the market growth.
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By geography, the Asia Pacific is going to have a huge demand due to factors such as the availability of the highest number of speaker users and increase in expenditure capacity of people. However, rapid advances in technology, changing end-user preferences, and the rising adoption of music streaming services will significantly drive speaker market growth in this region.
Some of the key players profiled in the Speakers Market include Xiaomi, Sony Corporation, Amazon, Fortune Grand Technology Inc., LG Electronics, Philips, Alphabet Inc, Guangzhou Merry Audio Equipment Co. Ltd, Google, Foster Electric Company Limited, Panasonic, Bose Corporation, Apple Inc, Guoguang Electric Co., Ltd., Samsung Electronics, and AAC Technologies Holdings Inc.
Products Covered in Speakers Market
• Home Audio Speakers
• Portable Speakers
• Smart Speakers
• Stereo Speakers/True Wireless Stereo (TWS)
• Less Than $50
• $50 to $100
• $100 to $200
• More Than $200
Sales Channels Covered:
• Wired Speakers
• Wireless Speakers
End Users Covered:
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