$ 28.37 Bn growth expected in Speakers Market during 2021-2025 | Analyzing Growth in Consumer Electronics Industry | Technavio

NEW YORK, July 28, 2021 /PRNewswire/ --

Technavio has announced its latest market research report titled Speakers Market by Technology, Product, and Geography - Forecast and Analysis 2021-2025

The speakers market in the Consumer Electronics industry is poised to grow by USD 28.37 billion during 2021-2025. Technavio's latest market research report estimates that the speakers market will be progressing at a CAGR of almost 14%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Apple Inc., Bose Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., and Xiaomi Corp. are some of the major market participants. Although the increasing adoption of smart speakers will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Speakers Market 2021-2025: Segmentation

Speakers Market is segmented as below:

  • Technology
    • Wireless Speakers
    • Wired Speakers
  • Product
    • Stereo Speakers
    • Smart Speakers
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Learn more about the factors assisting the growth of the market, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44290

Speakers Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the speakers market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Alphabet Inc., Amazon.com Inc., Apple Inc., Bose Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., and Xiaomi Corp.

The report also covers the following areas:

  • Speakers Market size
  • Speakers Market trends
  • Speakers Market industry analysis

The speakers market is fragmented, and the degree of fragmentation will accelerate. The increasing focus on AI-ready speakers will offer immense growth opportunities. However, privacy concerns associated with smart speakers will hamper market growth.

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Backed with competitive intelligence and benchmarking, our research report on the speakers market is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

Related Reports on Consumer Discretionary Include:
Global Portable Speaker Market
 - Global portable speaker market is segmented by Technology (Wireless and Wired), Geography (APAC, North America, Europe, South America, and MEA), and Distribution channel (offline and online).
Download Exclusive Free Sample Report

Global Multimedia Speakers Market - Global multimedia speakers market is segmented by type (wireless speakers and wired multimedia speakers) and geography (APAC, Europe, MEA, North America, and South America).
Download Exclusive Free Sample Report

Speakers Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist speakers market growth during the next five years
  • Estimation of the speakers market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the speakers market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of speakers market vendors

Table of Contents:

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 focus 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report: www.technavio.com/report/speakers-market-industry-analysis

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