LeapZipBlog: Market-NewsFlash's blog: Global Mobile Phone Loudspeaker Market Research Report: Global Forecast Till 2024 ($1679.0 Million Market)

Global Mobile Phone Loudspeaker Market Research Report: Global Forecast Till 2024 ($1679.0 Million Market)

November 14, 2019 by Market-NewsFlash  

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 2024

Mobile Phone Loudspeaker Market Highlights

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. Among the major countries in Asia-pacific, the China exhibited a steady growth in the mobile phone loudspeaker market over the last decade. The China and Japan are the countries where adoption and advancement in technology is high.

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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. US accounted for the largest market share in 2018. Canada was the second-largest market in 2018; the market in India is expected to register the highest CAGR during forecast period. Loudspeakers are inbuilt components of mobile phones which are used for voice calls, video calls, listening to music, and alerts & notifications. Nowadays, as mobile phones have started doubling as portable music players, consumers have started using the built-in speakers for playing music. The use of mobile phone loudspeakers has encouraged smartphone manufacturers to produce music or video specific phones with high-quality software-controlled output.

In 2018, Germany accounted for the largest market share 2018; the market is expected to register the highest CAGR during the forecast period. The Rest of Europe was the second-largest market in 2018.

Competitive Analysis

The key players of global mobile phone loudspeaker market are Gettop Acoustic Co., Ltd. (China), BeStar Electronics Co., Ltd (China), BSE Co., Ltd (South Korea), Fortune Grand Technology Inc. (Taiwan), CUI Inc. (US), Dain, Inc. (China), EM-Tech.CO., LTD (South Korea), Regal Electronics, Inc. (US), and Changzhou Su Yang Electronics Co., Ltd. (China), among others.

In January 2017, Fortune Grand Technology Inc. established its new production facility in Dongkou County, Hunan Province, China. The new production facility produces loudspeakers for cellphone, TV, computer, and other electronic devices.

Segmental Analysis

The global mobile phone loudspeaker market has been segmented based on product, type, sound output and region.

Based on type, the market has been classified into electric speakers, piezoelectric speakers, electromagnetic speakers, and plasma speakers. The electric speakers segment accounted for the larger market share in 2018, with a highest market value during the forecast period. Electric speakers generally use a conductor with superior conductivity for the voice coil to provide the sound signal through speakers. Piezoelectric sound components are widely applied from consumer products to on-vehicle materials and industrial equipment. Electromagnetic speakers are also known as reed-type speakers, where a changing input signal produces the sound rather than producing a tone automatically like a buzzer. A plasma speaker uses a high-voltage-pulse generator to produce a rapidly occurring series of plasma arcs instead of a solid diaphragm, through which an audio signal can be transduced from an electrical signal into an overpressure wave.

Based on sound output, the market has been segmented less than 80 dB, 80–90 dB, and more than 90 dB. The 80–90 dB segment accounted for the larger market share in 2018, with the highest market value of during the forecast period. The less than 80 dB segment was the second-largest market in 2018. The loudness of a mobile phone speaker doubles with every 10dB increase. The sound output of less than 80 dB is available in loudspeakers that deliver sound output from 10 dB to 80 dB. According to the US National Institutes of Health, prolonged exposure to sounds over 85 decibels (dB) can cause hearing loss. The loudspeakers with sound output more than 90 dB are generally used by the local or non-branded mobile manufacturers.

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