Insights on the Global Speakers Market 2021-2025: Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2025 - Technavio

NEW YORK, April 15, 2021 /PRNewswire/ --

The speakers market is expected to grow by $ 28.37 bn, progressing at a CAGR of over 14% during the forecast period. 

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The increasing adoption of smart speakers is one of the major factors propelling the market growth. However, factors such as privacy concerns associated with smart speakers will hamper the market growth.

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Speakers Market: Technology Landscape
Based on the technology, the wireless speakers' segment is expected to witness a lucrative growth during the forecast period.

Speakers Market: Product Landscape
Based on the product, the stereo speakers segment is expected to witness growth during the forecast period.

Speakers Market: Geographic Landscape
By geography, APAC is going to witness a surge in growth during the forecast period. About 45% of the market's overall growth is expected to originate from APAC. China and Japan are the key markets for speakers in APAC. Rapid advances in technology, changing end-user preferences, increasing partnerships between smart speaker vendors and security service providers, and the rising adoption of music streaming services will facilitate the speakers market growth in APAC over the forecast period.

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Companies Covered:

• Alphabet Inc.
• Amazon.com Inc.
• Apple Inc.
• Bose Corp.
• Koninklijke Philips NV
• LG Electronics Inc.
• Panasonic Corp.
• Samsung Electronics Co. Ltd.
• Sony Corp.
• Xiaomi Corp.

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2020, 2021, until 2025
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Stereo speakers - Market size and forecast 2020-2025
• Smart speakers - Market size and forecast 2020-2025
• Market opportunity by Product

Market Segmentation by Technology

• Market segments
• Comparison by Technology
• Wireless speakers - Market size and forecast 2020-2025
• Wired speakers - Market size and forecast 2020-2025
• Market opportunity by Technology

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alphabet Inc.
• Amazon.com Inc.
• Apple Inc.
• Bose Corp.
• Koninklijke Philips NV
• LG Electronics Inc.
• Panasonic Corp.
• Samsung Electronics Co. Ltd.
• Sony Corp.
• Xiaomi Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Newsroom: https://www.technavio.com/report/speakers-market-industry-analysis

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