The market will experience a high growth, which is attributed to the growing number of smart homes globally that is continuously increasing the demand for loudspeakers. With the advancing technologies, there is a continuous change in consumer preferences. Because of the increased disposable income, the spending capability of individuals on leisure activity has increased in developed and developing countries like the US, the UK, France, Germany, China, and India. Therefore, the availability of the advanced surround sound technology has increased the demand for speaker worldwide.
Technavio’s analysts forecast the global loud speakers market to grow at a CAGR of 7.53% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global loud speakers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of loudspeakers by location, type, and geography.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Loud Speakers Market 2017-2021, 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 • Bose • DEI Holdings • HARMAN International • VOXX international • Yamaha
Market driver • Increasing use of loudspeakers for aural communication. • For a full, detailed list, view our report
Market challenge • Need for additional equipment for better sound quality. • For a full, detailed list, view our report
Market trend • Growing outsourcing for loudspeaker production. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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