Mar 14, 2023

English - UK

Pramod Pawar

Global Mobile Phone Loudspeaker Market : (CAGR 5.1% )Technical Report + Feasibility Study, 2022-2032

The market for mobile phone loudspeakers was expanding consistently on a global scale. Its expansion was attributable to the increase in demand for smartphones and other mobile devices, as well as streaming music and video content.

The analysis from Market.us Research projects that the global mobile phone loudspeakers market will be valued at USD 19.14 billion in 2022 and USD 31.48 billion in 2032, rising at a CAGR of 5.1% over that period.

The market, according to the study, is being stimulated by rising smartphone and other mobile device entertainment usage as well as a rising trend of incorporating premium audio systems into mobile devices.

Regional Snapshot 

  • Asia-Pacific: In 2019, Asia-Pacific was the leading market for Mobile Phone Loudspeakers by revenue. The increasing adoption of smartphones and other mobile devices, combined with an increasing trend toward high-quality audio systems, spurred market expansion in this region. Major manufacturers from countries like China, South Korea, and Japan further contributed to its development.
  • North America: North America was the second-largest market for Mobile Phone Loudspeakers in 2019. This was due to an uptick in smartphone and other mobile device usage, combined with streaming music and video content's rising popularity, all contributing factors to growth within this region.

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  • Europe: The European market for Mobile Phone Loudspeakers was highly developed, with countries like Germany, the UK, and France leading its growth. The rising demand for mobile devices coupled with an increasingly sophisticated audio system integration trend fueled this expansion across the region.
  • Rest of the World: The Rest of the World region, comprising countries in Latin America, the Middle East, and Africa, experienced significant growth in the Mobile Phone Loudspeaker market. This can be attributed to rising smartphone adoption rates as well as music and video streaming services' increasing popularity within this region.

Market Dynamic

Drivers

  • Increasing Demand for Smartphones and Other Mobile Devices: The increasing adoption of smartphones and other mobile devices was a primary driver of the Mobile Phone Loudspeaker market. With an ever-increasing number of users, there is an increasing need for better audio quality and louder sound in mobile devices.
  • Growing Trend of Integrating High-Quality Audio Systems: The growing trend to incorporate high-quality audio systems into mobile devices was another driving force of the market. Manufacturers are adopting advanced audio technologies like Dolby Atmos, Harman Kardon, and Bang & Olufsen into mobile devices for an enhanced audio experience.
  • Popularity of Streaming Music and Video Content: With the rising popularity of music streaming services such as Spotify, Apple Music, and Netflix, there has been an uptick in demand for mobile phone loudspeakers. As more people utilize mobile devices to access audio files, there is now a need for better audio quality as well as louder sound levels.
  • Technological Advancements: Advancements in audio technology, such as improved acoustic design and sound processing algorithms and materials have enabled the creation of superior mobile phone loudspeakers. This has fuelled growth in this market by offering users a superior listening experience on-the-go.
  • Increased Disposable Income: Rising disposable income levels across many regions have resulted in an increased demand for high-end mobile devices, driving the demand for Mobile Phone Loudspeakers as well.

Restraints

  • High Competition and Pricing Pressures: The Mobile Phone Loudspeaker market is highly competitive, with many manufacturers offering similar products. This has created pricing pressures which may make it difficult for manufacturers to remain profitable.
  • Limited Adoption of High-End Audio Technology: Although there is an increasing trend to integrate high quality audio systems into mobile devices, adoption of this type of equipment remains limited due to its cost. This may limit the market potential as many consumers may not be willing to shell out the extra money for top notch sound capabilities.
  • Limited customization options: Mobile Phone Loudspeakers are often integrated into the device during the manufacturing process, limiting customization options for consumers. This can make it difficult for manufacturers to differentiate their products from those of their competitors.
  • Regulatory compliance: The Mobile Phone Loudspeaker market is subject to various regulatory compliance requirements, including safety and quality standards. Complying with these regulations can be costly and time-consuming for manufacturers.
  • Increasing trend towards wireless audio: The increasing trend towards wireless audio technologies such as Bluetooth and Wi-Fi may pose a challenge to the Mobile Phone Loudspeaker market, as some consumers may prefer wireless options over built-in speakers.

Opportunities

  • Integration of modern audio technologies: For makers of mobile phone loudspeakers, the integration of advanced audio technologies, such as virtual surround sound, active noise cancellation, and voice assistants, represents a sizable opportunity. Producers may distinguish their products and provide a better audio experience by integrating these technologies into mobile devices.
  • Growing Demand for Wireless Speakers: As the popularity of wireless audio options like Bluetooth and Wi-Fi speakers continues to expand, manufacturers of Mobile Phone Loudspeakers can expand their product lines with speakers that connect directly to mobile devices. Offering such systems allows manufacturers to attract those who prefer this style of audio system.
  • Increased Demand for Smart Speakers: With the rising popularity of voice assistants such as Amazon Alexa and Google Assistant, manufacturers can capitalize on this trend to develop smart speakers that integrate with these assistants. By providing hands-free operation through voice commands, manufacturers can appeal to those who prefer hands-free operation.
  • Development of New Form Factors: The advent of foldable and rollable screens presents Mobile Phone Loudspeaker manufacturers with an opportunity to create innovative audio solutions. By embedding loudspeakers into these screens or other components of the device, manufacturers can provide customers with new and exciting audio experiences.
  • Increasing Demand in Emerging Markets: The Mobile Phone Loudspeaker market offers significant growth prospects in emerging economies, where mobile device adoption is increasing rapidly. By catering to the specific needs and preferences of consumers in these regions, manufacturers can access new sources of revenue and expand their customer base.

Challenges

  • Design and Manufacturing Complexity: Designing and fabricating Mobile Phone Loudspeakers that fit into increasingly thin and compact mobile devices presents a design and manufacturing challenge, which may result in increased costs and reduced profitability.
  • Environmental Concerns: The Mobile Phone Loudspeaker market is increasingly being scrutinized for its environmental impact, especially regarding materials usage and end-of-life disposal. Manufacturers need to develop sustainable practices and products that are eco-friendly in order to meet the growing demand for responsible products.
  • Rapidly shifting consumer preferences: Rapidly altering consumer tastes and the introduction of new technologies can make it challenging for manufacturers to stay abreast of the market. In order to stay ahead of these adjustments, businesses must stay ahead of consumers' needs while offering them increasingly innovative products and services.
  • Intellectual Property Issues: The Mobile Phone Loudspeaker market is vulnerable to intellectual property disputes, such as patents and trademarks. Unresolved legal disputes and licensing fees could increase costs and negatively affect profitability in the long run.
  • Supply chain Disruptions: The Mobile Phone Loudspeaker market can experience supply chain interruptions due to natural disasters, trade disputes and geopolitical tensions. These disruptions may cause supply chain delays, increased costs and decreased profitability.

Interested to Procure the Data? Inquire here at:  https://market.us/report/mobile-phone-loudspeaker-market/#inquiry

Recent Developments

  1. Incorporation of Advanced Audio Technologies: Mobile device manufacturers are progressively integrating advanced audio technologies, such as active noise cancellation and virtual surround sound, into their products. Consumer demand for a better audio experience is what's driving this trend.
  2. Emergence of Smart Speakers: With the popularity of voice-activated smart speakers like Google Assistant and Amazon Alexa, demand for mobile phone loudspeakers that can be connected to these assistants is rising.

Key Market Segments:

Type

  • Mono
  • Dual – channel
  • Stereo

Application

  • Smartphone
  • Mobile Phone

Key Market Players included in the report:

  • AAC
  • Goertek
  • Knowles
  • Hosiden
  • Foster
  • Merry
  • Em-tech
  • Bulecom
  • Fortune Grand Technology
  • BSE
  • Dain
  • Bestar
  • New Jialian Electronics
  • Gettop Acoustic
  • Suyang Electronics

Report Scope

Report AttributeDetails
The market size value in 2022USD 19.14 Bn
Revenue forecast by 2032USD 31.48 Bn
Growth RateCAGR Of 5.1%
Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World
Historical Years2017-2022
Base Year2022
Estimated Year2023
Short-Term Projection Year2028
Long-Term Projected Year2032

Frequently Asked Questions

Q: What is the current market size for the Mobile Phone Loudspeaker market?

A: The global mobile phone loudspeaker market size was valued at USD 19.14 billion in 2022 and is expected to reach USD 31.48 billion by 2032, growing at a CAGR of 5.1% during the forecast period (2022-2032).

Q: What are the different segments of the Mobile Phone Loudspeaker market?

A: The mobile phone loudspeaker market can be segmented based on type, applications. The type segment includes Mono, Dual – channel, Stereo. The application segment includes Smartphone, Mobile Phone.

Q: Who are the key players in the Mobile Phone Loudspeaker market?

A: Some of the key players operating in the mobile phone loudspeaker market include AAC, Goertek, Knowles, Hosiden, Foster, Merry, Em-tech, Bulecom, Fortune Grand Technology, BSE, Dain, Bestar, New Jialian Electronics, Gettop Acoustic, Suyang Electronics.

For more information, please contact:

Author

Prudour Private Limited



Email:

Pramod@market.biz

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