Global Speakers Market Expected to Soar to $525.4 Billion by 2030: A Comprehensive Analysis


Dublin, Oct. 30, 2023 (GLOBE NEWSWIRE) -- The "Speakers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Speakers estimated at US$84.3 Billion in the year 2022, is projected to reach a revised size of US$525.4 Billion by 2030, growing at a CAGR of 25.7% over the analysis period 2022-2030.

True Wireless Stereo, one of the segments analyzed in the report, is projected to record 30% CAGR and reach US$294.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Smart Speakers segment is readjusted to a revised 24.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $22.5 Billion, While China is Forecast to Grow at 34.8% CAGR

The Speakers market in the U.S. is estimated at US$22.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$164.3 Billion by the year 2030 trailing a CAGR of 34.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.7% and 21.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20.5% CAGR.

Select Competitors (Total 46 Featured) -

  • 0W1 audio
  • 10times
  • 12speak!
  • 33Seconds Ltd
  • 3c Computer Italia Srl
  • 3rd Power
  • 4 Bagger Cornhole, LLC.
  • 43Rumors
  • 7Not.Pro
  • a2z

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages296
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$84.3 Billion
Forecasted Market Value (USD) by 2030$525.4 Billion
Compound Annual Growth Rate25.7%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Speaker - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/h61dna

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Global Market for Speakers

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