LONDON–(BUSINESS WIRE)–Technavio has been monitoring the multimedia speakers market and it is poised to grow by USD 15.61 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
- What are the major trends in the market?
Increasing demand for built-in wireless and smart portable speakers is a major trend driving the growth of the market.- At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 9.04% and the incremental growth of the market is anticipated to be $ 15.61 bn.- Who are the top players in the market?
Bose Corp., Creative Technology Ltd., Edifier International Ltd., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., and Yamaha Corp., are some of the major market participants.- What is the key market driver?
The rising preference for in-home entertainment systems is one of the major factors driving the market.- How big is the APAC market?
The APAC region will contribute 45% of the market shareThe market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bose Corp., Creative Technology Ltd., Edifier International Ltd., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., and Yamaha Corp. are some of the major market participants. The rising preference for in-home entertainment systems will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Multimedia Speakers Market 2020-2024: Segmentation
Multimedia Speakers Market is segmented as below:
- Type
- Wireless Multimedia Speakers
- Wired Multimedia Speakers
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Multimedia Speakers Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The multimedia speakers market report covers the following areas:
- Multimedia Speakers Market Size
- Multimedia Speakers Market Trends
- Multimedia Speakers Market Industry Analysis
This study identifies increasing demand for built-in wireless and smart portable speakers as one of the prime reasons driving the multimedia speakers market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Multimedia Speakers Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist multimedia speakers market growth during the next five years
- Estimation of the multimedia speakers market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the multimedia speakers market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of multimedia speakers market, vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Wireless multimedia speakers – Market size and forecast 2019-2024
- Wired multimedia speakers – Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Bose Corp.
- Creative Technology Ltd.
- Edifier International Ltd.
- Koninklijke Philips NV
- LG Electronics Inc.
- Logitech International SA
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Yamaha Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.