Market Overview

Global Speakers Market 2018-2022 to Post a CAGR of 17%| Technavio

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The global speakers market is expected to post a CAGR of more than 17%
during the period 2018-2022, according to the latest market research
report by Technavio.

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https://www.businesswire.com/news/home/20180727005307/en/

Technavio has published a new market research report on the global speakers market from 2018-2022. ( ...

Technavio has published a new market research report on the global speakers market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rise in popularity
of wireless streaming of audio content. With the rise in popularity of
music streaming services, the demand for speakers has increased. In
addition, the increase in demand for streaming of high-definition (HD)
content has led to the launch of several new innovative technologies
such as wireless HD or ITU-T G.hn. Such techniques are optimized for
streaming HD content. Moreover, the wireless streaming of audio content
such as online videos, TV programs, movies, and music, which can be
accessed anytime with a single touch of a button, is leading to the
growth of the speakers market largely.

This market research report on the global
speakers market 2018-2022
also provides an analysis of the most
important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increasing popularity of
multi-room streaming speakers as one of the key emerging trends in the
global speakers market:

Global speakers market: Increasing popularity
of multi-room streaming speakers

Multi-room streaming speakers are connected to one master speaker and
help control the music played in each room using a smartphone. They
offer style and convenience and are connected to Bluetooth, Wi-Fi, and
airplay. Furthermore, certain platforms or solutions enable the users to
select compatible speakers, making them user-friendly and thus leading
to the overall growth of the global speaker industry.

"Investments in R&D for multi-room speakers and market development
for ultra-thin smart TVs is driving the need for sound bars. Market
suppliers focus on introducing innovative changes in speakers and
diversifying the products to retain their position in the market. The
changing behavior pattern of users will drive the demand for wireless
technology-enabled speakers,"
says a senior analyst at Technavio for
research on consumer electronics.

Global speakers market: Segmentation analysis

This market research report segments the global speakers market by
product (portable speakers, home audio speakers, smart speakers), by
technology (wired speakers and wireless speakers) and by geographical
regions (APAC, EMEA, and the Americas).

The home audio segment led the market in 2017 with a market share close
to 48%, followed by smart and portable speakers segments respectively.
However, it is predicted that the smart speakers segment will dominate
the market by 2022, which is expected to exhibit an incremental growth
of close to 12% over the forecast period followed by portable speaker
segment.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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