Loudspeaker Market Size, Share & Trends Analysis Report By Type (Satellite/subwoofer, Soundbar, Subwoofer, In-wall, Outdoor, Multimedia), By Region, And Segment Forecasts, 2018 - 2025

Report Overview

The global loudspeaker market size is anticipated to reach USD 8.48 billion by 2025, primarily due to the growing demand for soundbars. Increasing consumer spending on entertainment is expected to open new avenues for industry players over the next seven years. Changing consumer preferences and lifestyle are also expected to boost demand over the forecast period.

U.S. loudspeaker market, 2014 - 2025 (USD Million)

Increasing penetration of e-commerce and m-commerce is anticipated to favorably impact industry growth over the forecast period. Growing internet penetration, increasing urban population, and the availability of a strong distribution network are expected to boost demand over the forecast period.

Increasing penetration of Wi-Fi enabled devices such as smartphones, laptops, and tablets is expected to spur demand for such speakers. Wi-Fi and Bluetooth-enabled products are anticipated to gain popularity over the forecast period. Technological advancements in design, power consumption, sound quality, and size are expected to offer industry players a competitive edge over the others.

Type Insights

The types of loudspeakers available in the market include soundbar, satellite/subwoofer, in-wall speaker, outdoor speaker, multimedia speaker, and subwoofers. The subwoofer is a woofer, which is used to produce low-pitched audio frequencies. Satellite/subwoofer is a system that consists of a subwoofer and one or more satellite speakers.

The soundbar comes up with wireless supports such as Wi-Fi connectivity, Near-Field Connectivity (NFC), and Bluetooth. These devices use minimal wiring and require less space. Most of the soundbars available in the market can connect to portable devices such as smartphones, MP3 players, laptops, and tablets. The growth of smart electronics with interconnected technology is anticipated to fuel demand over the forecast period.

U.S. loudspeaker market, by type, 2015 (USD Million)

The consumers install satellites and subwoofers at homes for a better sound experience. The audio quality that these systems are capable of producing is expected to drive the satellite/subwoofer loudspeaker market.

Regional Insights

The Europe market is estimated to be the key regional segment over the forecast period owing to increasing spending in at-home entertainment. However, slow growth in disposable income and the weak macroeconomic factors are anticipated to hinder growth over the next seven years.

The Asia Pacific market is anticipated to witness substantial growth over the forecast period owing to increasing disposable income and growing middle-class population. Growing demand in emerging nations such as India and China is expected to open new growth opportunities for industry players over the next seven years. The increasing middle-class population in India is anticipated to boost the demand for this market.

The North America market is estimated to witness significant growth owing to the increasing popularity of in-home entertainment and growing disposable income. The increasing population of avid music listeners, growing digital music sales, and immense popularity of video and audio entertainment are anticipated to impact favorably regional market over the next seven years.

Key Companies & Market Share Insights

The key vendors include Altec Lansing, Audiovox Corporation, Bose Corporation, Boston Acoustics, Inc., B&W Group Ltd., Cambridge Sound Works, Inc., Creative Labs, Inc., and Directed Electronics, Inc. The other vendors include Harman International Industries, Inc., KLH Audio Systems, Klipsch Group, Inc., SpeakerCraft, Inc., Sonance, Velodyne Acoustics, Inc., and Yamaha Corporation of America.

Bose professional products are offered to customers through AV-system integrators, pro-audio dealers, and distributors. In October 2015, Bose announced the introduction of next-generation SoundTouch Wireless Systems enabled with Wi-Fi and Bluetooth. In June 2015, Bose announced the introduction of next-generation SoundLink Mini Bluetooth speaker II with a built-in speakerphone for receiving calls.

In April 2015, Definitive Technology along with Polk Audio announced the availability of Spotify Connect for its wireless music system enabling users to play and control music through Wi-Fi connected speakers. In May 2014, Sony announced SRS-X3 and SRS-X2 portable Bluetooth wireless speaker to provide a rich bass output power in a sleek definitive outline design.

Harman’s portfolio of brands includes Revel, Mark Levinson, Lexicon, JBL, Infinity, Harman Kardon, and AKG. In January 2016, Harman International announced the introduction of JBL Club Series speaker and amplifier line for the car audio market. In June 2014, Harman International announced the acquisition of AMX, to integrate audio/video switching solutions into professional segment offering.

Loudspeaker Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global loudspeaker market on the basis of type and region

• Type Outlook (Revenue, USD Million; 2014 - 2025)

  • Satellite/subwoofer

  • Subwoofers

  • In wall

  • Outdoor

  • Soundbar

  • Multimedia

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)