Loudspeaker Market Size To Reach $10.67 Billion By 2030

Loudspeaker Market Growth & Trends

The global loudspeaker market size is estimated to reach USD 10.67 billion by 2030, registering a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing middle class population and rising disposable income is expected to propel industry growth. Rising in-home entertainment, decreasing sound quality of the television owing to reduction in size and growing entertainment spending is anticipated to boost industry over the forecast period.

Technological advancements in design, sound quality, size and power, and new product introduction are anticipated to drive demand over the next seven years. The increasing popularity of wireless streaming of audio content among consumer is also expected to boost demand over the forecast period.

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Loudspeaker Market Report Highlights

• Type of loudspeakers available in the market includes satellite/subwoofer, soundbar, in-wall speaker, multimedia speaker, outdoor speaker, and subwoofers. The soundbar segment is anticipated to grow at a CAGR over 8.11% from 2024 to 2030. Growing number of smart homes is anticipated to offer growth opportunities for the soundbar market over the next seven years.

• Consumers use computers and laptops for watching movies and playing gaming and it has become an accepted pastime for people. The consumers are anticipated to upgrade their systems for better sound quality or sound experience. With an increase in availability of downloadable music or growing penetration of online buffering sites such as YouTube and Dailymotion, consumers are expected to upgrade their multimedia speakers.

• North America and Europe is anticipated to be key region over the forecast period owing to growing popularity of in-home entertainment. Asia Pacific loudspeaker market is expected to witness tremendous growth owing to increasing disposable income and rising population. India and China are expected to the major region over the next seven years owing to high consumer base and growing popularity of soundbar in the region.

Loudspeaker Market Segmentation

Grand View Research has segmented the global loudspeaker market report based on product and region:

Loudspeaker Product Outlook (Revenue, USD Million, 2018 - 2030)

• Satellite/subwoofer

• Subwoofers

• In-wall

• Outdoor

• Soundbar

• Multimedia

Loudspeaker Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Loudspeaker Market

• Bose Corporation

• Harman International

• Sony Corporation

• Yamaha Corporation

• Sennheiser electronic SE & Co. KG

• Bang & Olufsen

• Klipsch Audio Technologies

• Masimo. (Bowers & Wilkins)

• Pioneer Corporation

• KEF International