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Global Speaker Market 2016-2020

Global Speaker Market 2016-2020

About Speakers

A speaker is an audio system that converts electromagnetic waves into sound waves. Speakers can be categorized based on the technology they use. Based on technology, we have categorized speakers as wired and wireless speakers. Wireless is the latest technology used in speakers. Bluetooth and soundbar audio systems are equipped with wireless technology. Home theater systems are one of the most popular audio devices that use wired technology.

Technavio’s analysts forecast the global speakers market to grow at a CAGR of 19.73% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global speakers market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of speakers.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Speakers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Beats Electronics
  • Bose
  • LG Electronics
  • Samsung Electronics
  • Sony
Other prominent vendors
  • Atlantic Technology
  • Bowers & Wilkins
  • Braven
  • Creative Technology
  • Denon
  • Harman International Industries
  • Jawbone
  • JVCKENWOOD
  • Koninklijke Philips
  • Logitech
  • Panasonic
  • Pioneer
  • Plantronics
  • Qualcomm Technologies
  • Sennheiser Electronic
  • Shure
  • Sonos
  • Yamaha
Market driver
  • Growing innovation and advances in technology.
  • For a full, detailed list, view our report
Market challenge
  • Streaming limit set to network range.
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of multi-room streaming.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Speakers Market 2016-2020

Technavio recognizes the following companies as the key players in the global speakers market: Beats Electronics, Bose, LG Electronics, Samsung Electronics, and Sony.

Other Prominent Vendors in the market are: Atlantic Technology, Bowers & Wilkins, Braven, Creative Technology, Denon, Harman International Industries, Jawbone, JVCKENWOOD, Koninklijke Philips, Logitech, Panasonic, Pioneer, Plantronics, Qualcomm Technologies, Sennheiser Electronic, Shure, Sonos, and Yamaha.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of multi-room streaming. The introduction of networked audio systems means the reduction in expense, efforts, and time, as all audio devices are wirelessly connected with technologies such as AirPlay, Bluetooth, or Wi-Fi. These technologies separate a system’s physical and logical connections, which means that a single network carries multiple channels, making it possible to make infrastructure changes relatively cheaply, quickly, and inexpensively. The growing trend of maintaining speakers in all rooms is expediting the growth of the speaker market. Multi-room systems need to be connected to one master speaker that can be connected wirelessly with Wi-Fi, Bluetooth, or AirPlay. SRS-X77, SRS-X88, and SRS-X99 Bluetooth speakers by Sony and WAM250/ZA and WAM7500/ZA Bluetooth speakers by Samsung Electronics have multi-room streaming features. The speakers by Sony allow users to enjoy music around the house with multi-room listening using SongPal Link and can be controlled by a mobile device using SongPal app.

According to the report, one driver in the market is rise in number of smart homes. Many homes in developed nations such as the US and the UK are being remodeled to smart homes. A smart home consists of media and entertainment gadgets, consumer electronic devices, and other smart electronics that interact with each other through a home network. The demand for smart homes is driven by factors such as the go green policy, energy saving requirements, need for convenience, and connectivity between various devices. The demand for smart homes is also driven by government initiatives that promote smart homes for better living. Some of the solutions include the assistance of power line communication and the adoption of smart meters to conserve energy.

Further, the report states that one challenge in the market is availability of counterfeit products. Leading manufacturers are facing a major threat because of the availability of counterfeit products with unauthorized dealers and at local stores. APAC is considered as the hub for counterfeit products because a large number of counterfeit product manufacturers are based in the region. Many people are buying such products because they are cheap, attractive, and copies of big brands. The popularity and easy availability of counterfeit Bluetooth speakers are likely to intensify the competition in the market.



Companies Mentioned

Beats Electronics, Bose, LG Electronics, Samsung Electronics, Sony, Atlantic Technology, Bowers & Wilkins, Braven, Creative Technology, Denon, Harman International Industries, Jawbone, JVCKENWOOD, Koninklijke Philips, Logitech, Panasonic, Pioneer, Plantronics, Qualcomm Technologies, Sennheiser Electronic, Shure, Sonos, Yamaha.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key regions in global speaker market
    • End-user segment
    • Base year and forecast period
    • Vendor selection criteria
    • Numerical figures
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global speaker market
    • Product life cycle
      • Table Product life cycle of speakers 2015 and 2020
    • Global speaker market
      • Table Global speaker market 2015-2020 ($ billions)
      • Table Global speaker market 2015-2020 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global speaker market by technology
      • Table Global speaker market by technology 2015-2020 (% revenue share)
      • Table Global speaker market by technology 2015-2020 (% shipment share)
    • Global wireless speaker market
      • Table Global wireless speaker market 2015-2020 ($ billions)
      • Table Global wireless speaker market 2015-2020 (millions of units)
    • Global wired speaker market
      • Table Global wired speaker market 2015-2020 ($ billions)
      • Table Global wired speaker market 2015-2020 (millions of units)
  • Market segmentation by type
    • Global speaker market by type
      • Table Global speaker market by type 2015-2020 (% revenue share)
      • Table Global speaker market by type 2015-2020 (%shipment share)
    • Global home audio speaker market
      • Table Global home audio speaker market 2015-2020 ($ billions)
      • Table Global home audio speaker market 2015-2020 (millions of units)
    • Global home audio speaker market by type
      • Table Global home audio speaker market by type 2015-2020 (% revenue share)
      • Table Global home audio speaker market by type 2015-2020 (% shipment share)
      • Table Global home theater system market 2015-2020 ($ billions)
      • Table Global home theater system market 2015-2020 (millions of units)
      • Table Global soundbar market 2015-2020 ($ billions)
      • Table Global soundbar market 2015-2020 (millions of units)
    • Global portable speaker market
      • Table Global portable speaker market 2015-2020 ($ billions)
      • Table Global portable speaker market 2015-2020 (millions of units)
  • Buying criteria
    • Table Buying criteria for speakers
  • Geographical segmentation
    • Global speaker market by geography
      • Table Global speaker market by geography 2015-2020 (% share)
      • Table Revenue comparison of global speaker market by geography 2015-2020 ($ billions)
      • Table CAGR comparison of global speaker market by geography 2015-2020
    • Speaker market in Americas
      • Table Speaker market in Americas 2015-2020 ($ billions)
    • Speaker market in EMEA
      • Table Speaker market in EMEA 2015-2020 ($ billions)
    • Speaker market in APAC
      • Table Speaker market in APAC 2015-2020 ($ billions)
  • Key leading country
    • US
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key leading vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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