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Pulished Date March, 2021
ID: 11239
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Speaker Driver Market Segmentation By Device Type (Headphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers), By Driver Type (Dynamic Drivers, Balance Armature Drivers, Planar Magnetic, Electrostatic, Others), By Size (Below 20 Mm, 20-110 Mm, Others), By Application (Consumer, Professional/ Enterprise, Medical, Others) and Region- Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: March, 2021
ID: 11239
Pages: 175

Speaker Driver Market Size, Trends & Growth (2021 - 2026)

A speaker is a transducer that converts an electrical audio signal into sound waves. It is a speaker with output in the form of sound. The increasing popularity of wireless headphones, coupled with the growing demand for video and audio streaming services, is the main driving force behind the growth of the speaker driver market. The expanding entrance of cell phones and the quick extension of the 5G organization in different nations is likewise driving interest in this industry.

The global speaker driver market is supposed to develop from USD 25.9 billion in 2020 to USD 29.3 billion by 2026, developing at a CAGR of 2.5% from 2021 to 2026.

The increasing adoption of audio and video streaming services and the growing popularity of true wireless headphones are the main drivers of the global speaker driver market. Key elements driving the growth of the global speaker driver market include the growing demand for smartphones due to the increasing adoption of video and audio streaming platforms and the increasing popularity of True Wireless Headphones (TWE). Customer preferences evolve with rapid technological change. Due to the increase in people's disposable income, the population's spending capacity has increased. The general population living in developed and developing countries such as the UK, France, the US, China and India is increasing their spending on entertainment and recreation. Furthermore, the accessibility of the use of sound technology in its environment has stimulated the demand for speakers around the world.

Recent Developments:

  • Goertek Inc., a leading global manufacturer of original design loudspeaker solutions (ODM), and NXP Semiconductors NV, a leading global semiconductor manufacturer, announced the availability of their reference design. Certified for a smart speaker running on Google's Android Things platform. with built-in Google Assistant and Google Cast functionality.
  • The latest Fostex USB Audio Driver Ver.2.2.1 now fixes the problem of hanging installation on the authentication screen "Digital Signature" in Windows 10 (Anniversary Edition) or later.


As the impact of Coronavirus on household incomes has been observed around the world, a reduction in spending on various commodities or delays is expected throughout the year. People are more likely to keep their current smartphones, tablets or headphones until the COVID-19 situation begins to improve around the world. Due to blockades imposed around the world, production facilities and the workforce have been affected, leading to a reduction in production. As demand and production for various speaker-embedded devices declined, speaker volume figures took a hit. Huawei's smartphone sales fell 6.8% in the second quarter, totaling 54 million units. Samsung only sold 55 million smartphones during the period, down 27.1% year-over-year.

Drivers and Restraints of Speaker Driver Market:


One of the many factors driving the growth of the global speaker driver market is the increase in streaming audio content. Portable and wireless speakers require less space and maintenance compared to home theater audio systems, and they don't use wiring either. These pocket speakers are available in different sizes and designs to meet customers' requirements. Additionally, most portable electronic devices, such as smartphones, tablets, and laptops, come with Bluetooth and Wi-Fi connectivity, allowing users to stream audio / video content wirelessly. Additionally, the preference for wireless technology has increased among young people and the general population. Quick usefulness and low support costs have emphatically impacted the interest for remote speakers. Bluetooth speakers are remote and most normalized models are battery-powered or run on AA batteries.


Some of the limitations in the speaker driver market are detrimental effects on the health of listeners, as they produce high sound levels very close to the ear.

Speaker Driver Market Segmentation:

By Device type:

  • Headphones/Earphones
  • Hearing Aids
  • Smart Speakers
  • Mobile Phones/Tablets
  • Loudspeakers

The headphone component is expected to dominate the market in the projection period. Rising end-users, smartphone demand, and rapid population growth are some of the major drivers of the global speaker market. The growing call for small-sized and wireless headphones among fitness enthusiasts is driving the growth of the global speaker driver market. Additionally, new bass boost technology, active noise cancellation technology, and hands-free calling features, as well as wireless technology, will likely increase the popularity of true wireless headphones, thus increasing the demand for headphones.

By Driver type:

  • Dynamic Drivers
  • Balanced Armature Drivers
  • Planar Magnetic
  • ElectroStatic
  • Others

The dynamic driver segment is estimated to increase significantly over the conjecture period. The rise of electronics manufacturing brands, the growing demand for portable speakers, and the popularity of video streaming devices are driving the expansion of the global market.

By Size:

  • Below 20 mm
  • 20–110 mm
  • Others

Among these, the 20-110mm is the business segment that is expected to grow in the next period due to the increasing popularity of audio and video functions on social media.

By Application:

  • Consumer
  • Professional/Enterprise
  • Medical
  • Others

Consumer segment is the main income generator of the worldwide market. The use of speakers and other products for fitness-related activities, the growing demand for smart homes, the widespread presence of entertainment and media, and express launches by high-end stores are some of the elements that positively affect the world speaker driver market.

Speaker Driver Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America speaker driver market is expected to see strong growth in the coming years. The market in both Europe and North America is expected to grow at a substantial rate during the forecast period due to various product launches and developments from various manufacturers. Asia-Pacific is foreseen to develop dramatically in the coming years. Rising research and development spending, increasing use of low-cost and compressed speakers, inexhaustible demand from end-users are the positive influencers of the market. Nations, for example, India, Japan, China, Australia and Singapore will arise as key territorial fragments in the Asia Pacific market. Then again, the Middle East, Africa and South America market is relied upon to develop with a moderate speed during the anticipated time frame.

Key Players of Market:

  • Beyerdynamic GmbH and Co. KG
  • Concraft Holding Co. Ltd.
  • Eastech Holding Limited
  • Fostex International
  • Goertek
  • Knowles Electronics, LLC
  • Merry Electronics Co. Ltd.
  • Samsung
  • Sennheiser electronic GmbH and Co. KG
  • Sony Corporation

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Speaker Driver Market, By Device Type                 

                    6.1.1 Headphones   

                    6.1.2 Hearing Aids  

                    6.1.3 Smart Speaker         

                    6.1.4 Mobile Phones/Tablets       

                    6.1.5 Loudspeakers

                    6.1.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.7 Y-o-Y Growth Rate Analysis         

                    6.1.8 Market Attractiveness Index         

          6.2 Speaker Driver Market, By Driver Type                 

                    6.2.1 Dynamic Drivers      

                    6.2.2 Balanced Armature Drivers

                    6.2.3 Planar Magnetic       

                    6.2.4 ElectroStatic  

                    6.2.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.6 Y-o-Y Growth Rate Analysis         

                    6.2.7 Market Attractiveness Index         

          6.3 Speaker Driver Market, By Size                  

                    6.3.1 Below 20 mm

                    6.3.2 20–110 mm   

                    6.3.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Speaker Driver Market, By Application                  

                    6.4.1 Consumer     

                    6.4.2 Professional/Enterprise      

                    6.4.3 Medical         

                    6.4.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.5 Y-o-Y Growth Rate Analysis         

                    6.4.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     



                    7.2.2 By Device Type        

                    7.2.3 By Driver Type         

                    7.2.4 By Size

                    7.2.5 By Application

          7.3 Europe             

                    7.3.1 By Country     






                     Rest of Europe

                    7.3.2 By Device Type        

                    7.3.3 By Driver Type         

                    7.3.4 By Size

                    7.3.5 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     




                     South Korea

                     South East Asia

                     Australia & NZ

                     Rest of Asia-Pacific

                    7.4.2 By Device Type        

                    7.4.3 By Driver Type         

                    7.4.4 By Size

                    7.4.5 By Application

          7.5 Latin America             

                    7.5.1 By Country     




                     Rest of Latin America

                    7.5.2 By Device Type        

                    7.5.3 By Driver Type         

                    7.5.4 By Size

                    7.5.5 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                     Middle East


                    7.6.2 By Device Type        

                    7.6.3 By Driver Type         

                    7.6.4 By Size

                    7.6.5 By Application

8. Key Player Analysis                           

          8.1 Beyerdynamic GmbH and Co. KG               

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Concraft Holding Co. Ltd.               

          8.3 Eastech Holding Limited                  

          8.4 Fostex International              

          8.5 Goertek            

          8.6 Knowles Electronics, LLC                 

          8.7 Merry Electronics Co. Ltd.               

          8.8 Samsung                    

          8.9 Sennheiser electronic GmbH and Co. KG              

          8.10 Sony Corporation                

9. Market Outlook & Investment Opportunities                     


          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Speaker Driver Market By Region, From 2021-2026 ( USD Billion )
  2. Global Speaker Driver Market By Device Type, From 2021-2026 ( USD Billion )
  3. Global Headphones Market By Region, From 2021-2026 ( USD Billion )
  4. Global Hearing Aids Market By Region, From 2021-2026 ( USD Billion )
  5. Global Smart Speaker Market By Region, From 2021-2026 ( USD Billion )
  6. Global Mobile Phones/Tablets Market By Region, From 2021-2026 ( USD Billion )
  7. Global Loudspeakers Market By Region, From 2021-2026 ( USD Billion )
  8. Global Speaker Driver Market By Driver Type, From 2021-2026 ( USD Billion )
  9. Global Dynamic Drivers  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Balanced Armature Drivers  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Planar Magnetic  Market By Region, From 2021-2026 ( USD Billion )
  12. Global ElectroStatic  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Speaker Driver Market By Size, From 2021-2026 ( USD Billion )
  14. Global Below 20 mm  Market By Region, From 2021-2026 ( USD Billion )
  15. Global 20–110 mm  Market By Region, From 2021-2026 ( USD Billion )
  16. Global Speaker Driver Market By Application, From 2021-2026 ( USD Billion )
  17. Global Consumer  Market By Region, From 2021-2026 ( USD Billion )
  18. Global Professional/Enterprise  Market By Region, From 2021-2026 ( USD Billion )
  19. Global Medical  Market By Region, From 2021-2026 ( USD Billion )

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