Microspeaker Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 202Posted by Statzy Market Research on April 13th, 2021 Early microspeakers found applications in portable transistor radios, earphones, headphones, personal computers, video games, and so forth. Mobile audio products have increased microspeaker consumption, especially cell phones, which use a “receiver†for sound reproduction when held to the ear and require a speakerphone function. - The technological advancements in the fields of earphones and headphones such as the emergence of Active Noise Cancellation that enhances the consumers' listening experience are expected to fuel the market growth over the forecast period. - Some of the prominent players in the market through strategic partnerships have been able to further the technology and gain a stronger footprint in the market. For instance, in September 2019 sportswear manufacturer Adidas in collaboration with audio technology developer Zound Industries launched two wireless audio product ranges such as neck-band design earphones and over-the-head earphones. Such collaborations are expected to boost the market growth. Free Sample report for this report is available :- https://www.statzyreports.com/report/sr497457/microspeaker-market Key Market Trends - There is intense pressure from smartphone designers and the rest of the mobile audio industry to make shallow (Z-axis) micro speakers that are less than 2-mm deep. Added to this is the push for a smaller footprint, higher excursion, lower resonant frequency, and higher sensitivity. - The drive to reduce the footprint and depth continues, but the microspeaker depth (Z-axis) has ratcheted down to 2.5 mm from 3 mm for smartphones, driven by the evaporation of the 3.5 mm headphone jack, which had been the bottleneck. The same product development teams that are demanding increased efficiency, power handling, cleaner sound, and extending the bass and top-end responses are also demanding the lowest possible price. - The growing trend for slim bezel in the consumer electronics industry is attracting the growth of the microspeakers. Slim bezels aren’t just used in smartphones, laptops have also caught up with this trend. Dell XPS 13, for instance, boasted a super-thin bezel, slim body, and metallic exterior. It followed with the launch of a few more laptops that adopted the premium-looking design. - The increasingly high usage of consumer electronics owing to the presence of a high population and the growing disposable income in economies such as China, India Japan, and South Korea is rapidly driving the growth of the microspeaker market in the region. - Further, with the expansion of mobile device industries in these densely populated countries, the region is expected to lead the overall market. In addition, the growing demand for headsets from offshoring centers in countries such as India and the Philippines is projected to augment the demand. Favorable government initiatives pertaining to the promotion of the smart city and smart home technologies are placing a high demand for microspeakers. - Moreover, China is poised to remain a leader, in terms of the production volume of smartphones, with almost 34% share. India with its adaption to technology and increasing usage of smartphone is also strengthening its smartphone market share. This emphasizes the importance and growing demand for microspeakers in China as well as India. For sample report please visit : https://www.statzyreports.com/report/sr497457/microspeaker-market Like it? Share it! More by this author |