Global Mobile Phone Loudspeaker Market – Industry Analysis and Forecast (2020-2027)
Global Mobile Phone Loudspeaker Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.39% during forecast period.
Global Mobile Phone Loudspeaker Market
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
A mobile phone loudspeaker is an electronic sound device fitted within a mobile phone, which is used to convert an electrical audio signal into a corresponding sound. Mobile phone loudspeakers come in both external and in built speaker types. Usually, mobile phone loudspeakers are used to generate sound alerts for events such as incoming messages, incoming calls, music and alarms.
Growing production and adoption of mobile phones by consumers all over the world and growing market size of mobile phones every year are major driving factors behind the growth of market. Rising implementation of loudspeakers in gaming Smartphone’s, introduction of comprehensive speakers, increasing demand of external wireless mobile loudspeakers and surge in the demand for better sound quality speakers to use in listening to music, gaming and watching movies on their mobile phones’ speakers are expected to improve the growth of market during forecast period. Mobile phone loudspeakers provides some benefits such as versatility of size and deployment, ease to use and its portability are ultimately propelling the growth of market.
However, complex design of advanced mobile loudspeakers is major restraining factor that could hamper the growth of market. High cost of wireless mobile speakers could obstruct the growth of market.
Global Mobile Phone Loudspeaker Market: Segmentation Analysis
By product, stereo segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The growth is attributed to the large scale adoption of stereo speakers in mobile phone by various manufacturing companies across the globe. Stereo speakers are two speakers built into a single device. They are generally placed on the right and left side of the device and each speaker uses the individual channel of stereo sound to produce a stereo effect. Increasing size of Smartphone displays are proportionally increasing media consumption on mobile devices. Thus, stereo speakers provide better experience than mono mobile speakers for listening to music and watching movies, which is ultimately propelling the growth of market.
By type, piezoelectric speakers segment dominated the market in past few years and is projected to witness steady growth at CAGR of XX% during forecast period. The growth is attributed to the strong demand of piezoelectric speakers due to growth of the slim mobile phone market. Piezoelectric speakers are ultra-thin speakers, thus can be used in thin body mobile phones and it provide high-quality sound, which is further driving the growth of market.
The Scope of Global Mobile Phone Loudspeaker Market
Global Mobile Phone Loudspeaker Market, By Product
Global Mobile Phone Loudspeaker Market, By Type
• Electric Speakers
• Piezoelectric Speakers
• Electromagnetic Speakers
• Plasma Speakers
Global Mobile Phone Loudspeaker Market, By Sound Output
• Less Than 80 dB
• 80–90 dB
• More Than 90 dB
Global Mobile Phone Loudspeaker Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Mobile Phone Loudspeaker Market, Key Players
• Gettop Acoustic Co., Ltd
• BeStar Electronics Co., Ltd
• BSE Co., Ltd
• Fortune Grand Technology Inc
• CUI Inc
• Dain, Inc
• Regal Electronics, Inc
• Changzhou Su Yang Electronics Co., Ltd
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Name: Vikas Godage
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