Global Mobile Phone Loudspeaker Market – Industry Analysis and Forecast (2020-20Posted by akash Arjun pingale on December 21st, 2020 Global Mobile Phone Loudspeaker Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.39% during forecast period. Global Mobile Phone Loudspeaker Market The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. Market Definition A mobile phone loudspeaker is an electronic sound device fitted within a mobile phone, which is used to convert an electrical audio signal into a corresponding sound. Mobile phone loudspeakers come in both external and in built speaker types. Usually, mobile phone loudspeakers are used to generate sound alerts for events such as incoming messages, incoming calls, music and alarms. Market Dynamics Growing production and adoption of mobile phones by consumers all over the world and growing market size of mobile phones every year are major driving factors behind the growth of market. Rising implementation of loudspeakers in gaming Smartphone’s, introduction of comprehensive speakers, increasing demand of external wireless mobile loudspeakers and surge in the demand for better sound quality speakers to use in listening to music, gaming and watching movies on their mobile phones' speakers are expected to improve the growth of market during forecast period. Mobile phone loudspeakers provides some benefits such as versatility of size and deployment, ease to use and its portability are ultimately propelling the growth of market. However, complex design of advanced mobile loudspeakers is major restraining factor that could hamper the growth of market. High cost of wireless mobile speakers could obstruct the growth of market. Global Mobile Phone Loudspeaker Market: Segmentation Analysis By product, stereo segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The growth is attributed to the large scale adoption of stereo speakers in mobile phone by various manufacturing companies across the globe. Stereo speakers are two speakers built into a single device. They are generally placed on the right and left side of the device and each speaker uses the individual channel of stereo sound to produce a stereo effect. Increasing size of Smartphone displays are proportionally increasing media consumption on mobile devices. Thus, stereo speakers provide better experience than mono mobile speakers for listening to music and watching movies, which is ultimately propelling the growth of market. By type, piezoelectric speakers segment dominated the market in past few years and is projected to witness steady growth at CAGR of XX% during forecast period. The growth is attributed to the strong demand of piezoelectric speakers due to growth of the slim mobile phone market. Piezoelectric speakers are ultra-thin speakers, thus can be used in thin body mobile phones and it provide high-quality sound, which is further driving the growth of market. Global Mobile Phone Loudspeaker Market: Regional Analysis Region wise, Asia Pacific held the largest market share in 2019 and is projected to keep its dominance at CAGR of XX% during forecast period. The developing economies such as China, India, Japan and South Korea are major key contributors behind the growth of market. The growth is attributed to the massive presence of mobile phone manufacturing companies across the region. Also growing technological advancement and investments by these Smartphone’s manufacturing companies and rising adoption of stereo sound speaker systems in mobile phones is driving the growth of market. Increasing number of mobile phone users almost in all ages of people in the high population countries like China and India are further propelling the growth of market. For instance, As of September 2019, China have ~1.6 Billion active mobile phone users, which is the the highest number of cell phone users across the globe. The objective of the report is to present a comprehensive analysis of the Global Mobile Phone Loudspeaker Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Mobile Phone Loudspeaker Market dynamics, structure by analyzing the market segments and projects the Global Mobile Phone Loudspeaker Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Mobile Phone Loudspeaker Market make the report investor’s guide. Global Mobile Phone Loudspeaker Market, By Product • Mono • Electric Speakers • Less Than 80 dB • North America • Gettop Acoustic Co., Ltd About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |