Mobile Phone Loudspeaker Market Share
A new market study, titled “Mobile Phone Loudspeaker Market Share ” has been featured on Market Research Future.
The mobile phone loudspeakers are used to provide sound alerts for various types of alerts such as incoming calls, incoming messages, notification, as well as alarms. The loudspeakers are also used to reproduce voice calls loud, which allows users to deal with calls hands-free and to participate in conference calls.
The loudspeaker is generally a small sound driver that is fitted within a mobile phone, which is used to produce sound. Since mobile phones have started doubling in recent years with portable music players, the users have begun using the built-in speakers for playback of music as well. While emphasizing on this new type of use of the mobile phone loudspeaker, manufacturers from all over the world have begun to equip their music or video-centric mobiles with more powerful loudspeakers along with a pair of loudspeakers for precise stereo reproduction and enhanced spatial effects.
The implementation of a loudspeaker can vary from various mobile models. In the case of point, in order to save space and make phones thinner, some of the giant manufacturers have disabled usage of a dedicated loudspeaker, but instead, use the earpiece speaker to produce sound alerts as well. One way or another, whether loudspeakers are used for fun, conference calls, or just for everyday ringing, there is one single thing that comes up as necessary which is ‘loudness.’
Budding Mobile Phone Loudspeaker Market
The market size of mobile phones and the mobile speaker market continues to inflate every year. Predominantly, the number of multifunctional mobile phones, such as smartphones that are equipped with high-performance processors, is witnessed to be rising remarkably more than conventional mobile phones.
On this, The Global mobile phone loudspeaker market size is anticipated to reach USD 1679.0 million by the year 2024 at a tremendous CAGR of 6.32% during the forecast period. The study on the facts envelops segmentations and drivers to provide a better glimpse of the market in the coming years.
How is the Market Size Rising?
The thriving center of attention on AI-ready speakers is the essential trend fuelling the growth of the mobile speaker market size. Several stakeholders are incorporating AI technology into their products in order to track user behavior through connected appliances, smart bands, and smart security devices. The in-depth learning software solutions integrated into AI-ready speakers aid in recognizing sound patterns and other data, making the interface user-friendly, and enabling machine learning (ML) functionality for data management. Also, with an aim over enhancing the user experience, the integration of AI technology in speakers have high chances to offer a competitive edge to the existing and well as new market players.
Meanwhile, several foreign companies have more sophisticated equipment, robust Research & Development capabilities; the technical level is in a foremost position. But foreign companies’ manufacturing cost is comparatively high, compared with China’s companies; the manufacturing cost is a significant disadvantage. As China’s Mobile Phone Loudspeaker manufacturers production technology continues to improve, the share in the international market is incredibly increasing, and resulting in high competitiveness in the international market, which is recorded to witness gradually increase in the future.
The Emerging Regions with Maximum Shares
The regional report of the mobile phone loudspeaker market has seen its maximum growth in the regions of Europe, North America, Asia-Pacific, and the Middle East & Africa, and South America. In which, Asia-Pacific is recorded to lead the mobile phone loudspeaker market in the future because of the expansion of major domestic mobile phone loudspeaker manufacturers all over the world. Among the major countries in Asia-pacific is China that exhibited steady growth in the mobile phone loudspeaker market over the last decade. China and Japan are the countries where adoption and advancement in technology are elevated.
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The loudspeakers are also used to reproduce voice calls loud, which allows users to deal with calls hands-free and to participate in conference calls.The loudspeaker is generally a small sound driver that is fitted within a mobile phone, which is used to produce sound.
Since mobile phones have started doubling in recent years with portable music players, the users have begun using the built-in speakers for playback of music as well.
While emphasizing on this new type of use of the mobile phone loudspeaker, manufacturers from all over the world have begun to equip their music or video-centric mobiles with more powerful loudspeakers along with a pair of loudspeakers for precise stereo reproduction and enhanced spatial effects.The implementation of a loudspeaker can vary from various mobile models.
In the case of point, in order to save space and make phones thinner, some of the giant manufacturers have disabled usage of a dedicated loudspeaker, but instead, use the earpiece speaker to produce sound alerts as well.
One way or another, whether loudspeakers are used for fun, conference calls, or just for everyday ringing, there is one single thing that comes up as necessary which is ‘loudness.’Budding Mobile Phone Loudspeaker MarketThe market size of mobile phones and the mobile speaker market continues to inflate every year.
Predominantly, the number of multifunctional mobile phones, such as smartphones that are equipped with high-performance processors, is witnessed to be rising remarkably more than conventional mobile phones.On this, The Global mobile phone loudspeaker market size is anticipated to reach USD 1679.0 million by the year 2024 at a tremendous CAGR of 6.32% during the forecast period.
Mobile Phone Loudspeaker MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Mobile Phone Loudspeaker Market.
The growth sectors of the Mobile Phone Loudspeaker Market are identified with precision for a better growth perspective.The global mobile phone loudspeaker market spans across North America, Europe, Asia-Pacific, Middle East & Africa and South America.Increasing ownership of premium smartphones and increasing integration of loudspeakers in gaming smartphones are expected to drive the market during forecast period.
Introduction of comprehensive speakers is expected to create opportunities for the mobile phone loudspeaker market.
However, complexity due to the introduction of advanced loudspeakers is expected to limit the market growth during the forecast period.The geographic analysis of the mobile phone loudspeaker market has been conducted for North America, Europe, Asia-Pacific (APAC), and Middle East & Africa and South America.
Asia-Pacific is expected to dominate the mobile phone loudspeaker market during the forecast period due expansion of major domestic mobile phone loudspeaker manufacturers.
The China and Japan are the countries where adoption and advancement in technology is high.North America was the second largest market in 2018, valued at USD 249.5 million; the market is projected to exhibit the steady CAGR during forecast period.
Global Mobile Phone Loudspeaker Market Research Report: by Product (Mono, Stereo), by Type (Electric Speakers, Piezoelectric Speakers, Electromagnetic Speakers, Plasma Speakers), by Sound Output (Less Than 80 dB, 80–90 dB, More Than 90 dB), by Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027Market ScopeMarket Research Future (MRFR) estimates that the growth rate of the mobile phone loudspeaker market 2020 can be 5.39% between 2020 and 2027 (appraisal period).
It is also projected that the market can reach a valuation of USD 1679.0 Million by 2027.
While a number of business sectors are bearing the brunt of the pandemic, the smartphone manufacturing industry seems has been severely impacted.
Post the SARS-CoV-2 outbreak, various companies were faced with tough decisions, in terms of finance and cost-cutting measures to ensure uninterrupted flow of operations.
The weak demand has had a domino effect throughout the semiconductor industry, with the drop in the prices.
The work from home strategies have become the latest norm among companies coupled with the rising trend of the BYOD policies, which could mean better demand for connected devices, laptops, computers, and storage solutions in the post pandemic era.
