ID: MRFR/SEM/6762-CR | August 2019 | Region: Global | 108 pages
The Global Mobile Phone Loudspeaker Market is expected to grow at 5.39% CAGR, witnessing substantial growth during the forecast period. The market was valued at USD 1235.1 million in 2018; it is expected to reach USD 1679.0 Million by 2024.
Asia-Pacific accounted for the largest market value of USD 765.1 million in 2018; the market is expected to register a CAGR of 6.32% during the forecast period.
Global Mobile Phone Loudspeaker Market, By Product (2018 Vs 2024)
Source: MRFR Analysis
Based on product, the market has been classified as Mono and Stereo. The stereo segment accounted for the larger market share in 2018, with a market value of USD 773.9 million; it is expected to register highest CAGR during the forecast period. The Mono segment is the second largest segment during forecast period. Monophonic or mono is a sound system in which the audio signals are mixed and routed together through a single channel. This type of system can have multiple speakers that produce the exact same sound levels. The most common type of mono systems includes mono split cluster systems, single channel center clusters, and distributed loudspeaker systems with and without architectural delays. A stereophonic sound or stereo is generally created by two independent speakers or audio channels, providing an idea of the direction from which a sound signal is coming.
Increasing ownership of premium smartphones and increasing integration of loudspeakers in gaming smartphones are factors expected to drive the mobile phone loudspeaker market during the forecast period. However, complexity due to the introduction of advanced loudspeakers is expected to restrain the market growth during the forecast period. Further, introduction of comprehensive speakers is expected to act as an opportunities for the global mobile phone loudspeaker market during the forecast period.
The loudspeaker on mobile phones are used to provide sound alerts for events such as incoming messages, incoming calls, notifications, and alarms. The loudspeakers are also used to procreate voice calls out loud, which allows users to deal with calls hands-free and attend conference calls. The current scope of the study the mobile phone loudspeaker market covers the product types like mono, stereo.
The global mobile phone loudspeaker market, by region, has been segmented into Asia-Pacific, North America, Europe, Middle East and Africa and South America. Asia-Pacific is expected to dominate the mobile phone loudspeaker market during the forecast period due to technological advancement by smartphone manufacturers and increasing adoption of stereo sound systems in mobile phones.
The key players of global robotics market are Gettop Acoustic Co., Ltd. (China), BeStar Electronics Co., Ltd (China), BSE Co., Ltd (South Korea), Fortune Grand Technology Inc. (Taiwan), CUI Inc. (US), Dain, Inc. (China), EM-Tech.CO., LTD (South Korea), Regal Electronics, Inc. (US), and Changzhou Su Yang Electronics Co., Ltd. (China), among others.
In September 2018, CUI Inc. launched a waterproof micro speaker with sound pressure levels (SPLs) ranging from 90 to 93 dB at 0.1 meters, nominal inputs of 0.7 W, resonance frequencies from 550 to 800 Hz, and impedance ratings of 6 or 8 ohms. These speakers are mostly useful in portable electronic devices to protect from moisture and environmental contaminants. These speakers are ideal for portable and handheld electronic devices subject to the moisture and environmental contaminants found in industrial and outdoor applications.
In April 2016, CUI Inc. launched compact micro-speakers housed in packages as small as 13 mm x 13 mm. These speakers are available in oval, square, and rectangular frame and provide several mounting styles depending on the user’s need, including wire leads, solder pads/eyelets, and spring terminals.
By Product: mono and stereo
By Type: electric speakers, piezoelectric speakers, electromagnetic speakers, and plasma speakers
By Sound Output: less than 80 dB, 80–90 dB, and more than 90 dB
By Region: North America, Asia-Pacific, Europe, and Middle East and Africa and South America.
Key questions addressed by the report
What was the historic market size (2017)?
Which segmentation (Product / Type / Sound Output) is driving the market?
What will be the growth rate by 2024?
Who are the key players in this market?
What are the strategies adopted by key players?
Frequently Asked Questions (FAQ) :
The rise in sales of premium smartphones is anticipated to create significant momentum in the market.
The introduction of advanced speakers is likely to hold the growth of the market back.
The earning standard in the market is expected to rise from USD 1235.1 million in the year 2018 to USD 1679.0 Million by 2024.
Sound output, product, and type are the major segments in the market.
The technological advancements by the smartphone manufacturers in the Asia Pacific are expected to boost the market to the leading position.
A 5.39% CAGR is expected to maneuver the global market.
BeStar Electronics Co., Ltd (China), BSE Co., Ltd (South Korea), Fortune Grand Technology Inc. (Taiwan), CUI Inc. (US), Dain, Inc. (China), EM-Tech.CO., LTD (South Korea) are a few stakeholders in the global market.