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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Market for Speakers

Contact Data