The global mobile phone loudspeaker market revenue was around US$ 1.2 billion in 2022 and is estimated to reach US$ 2.08 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.32% during the forecast period from 2023 to 2031.
A mobile phone loudspeaker is an electronic sound system fitted within a mobile phone, that produces sound by translating electrical audio signals into equivalent sounds. Mobile phone loudspeakers come in both exterior and in-built speaker kinds. Usually, they are used to generate sound alerts for events such as incoming calls, incoming messages, alarms, and music.
Market Driving Factors
The surge in the number of smartphone utilizers is propelling the market growth. The State of Mobile Internet Connectivity Report, published by the GSM Association, an organization that represents the interests of mobile network operators worldwide, states that there are now approximately 3.8 billion mobile phone users worldwide. The improvement in the number of mobile phone users will boost the demand for mobile phone speakers, as these sound amplification devices are an integral part of mobile phones.
Increasing internet accessibility around the world, along with different technological advancements such as blockchain, Internet of Things (IoT), 5G, cloud services, and Artificial Intelligence (AI), among others, is anticipated to offer growth prospects to the market. Advancements in technology, such as IoT, have shown the launch of creative mobile phone accessories, such as wireless earphones and smart wearable devices. Therefore, advancements in technology are anticipated to provide significant possibilities for mobile phone accessories retailers across the world.
The surge in disposable income is estimated to fuel market growth. As per the data published by the Ministry of Statistics & Programme Implementation, the Gross National Disposable Income (GNDI) was valued at US$ 200 billion for the previous year.
The high price of advanced loudspeaker technology impedes the market.
Regional Analysis
Asia Pacific dominates the market in terms of shares over the forecast period. This is due to the growing nations of India, China, South Korea, and Japan and the huge presence of mobile phone manufacturing companies in the region. Furthermore, the increasing technological advancements, investments by these Smartphone production companies, and surge in the adoption of stereo sound speaker systems in mobile phones are fueling the market expansion.
Segmentation Insights
Product Insight
The stereo segment dominated the market and is estimated to continue its dominance over the forecast period. This can be attributed to the widespread use of stereo speakers in mobile phones by different manufacturing companies around the world. Stereo speakers are two speakers made into a single device. They are generally placed on the right and left side of the device and each speaker utilizes the particular channel of stereo sound to create a stereo effect. Therefore, stereo speakers offer a better experience than mono speakers for listening to music and watching movies, which ultimately fuels the market growth.
Type Insight
The piezoelectric speaker segment dominated the market in terms of revenue and is estimated to continue its dominance over the forecast period. This can be attributed to the intense demand for piezoelectric speakers due to the growth of the slim mobile phone market. Piezoelectric speakers are incredibly tiny and can be employed in thin-body mobile phones. They also provide high-quality sound, which is further propelling market expansion.
Prominent Companies
Segmentation Outline
The global mobile phone loudspeaker market segmentation focuses on Product, Type, Sound Output, and Region.
By Product
By Type
By Sound Output
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL MOBILE PHONE LOUDSPEAKER MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: MOBILE PHONE LOUDSPEAKER MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL MOBILE PHONE LOUDSPEAKER MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL MOBILE PHONE LOUDSPEAKER MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 MONO
5.3 STEREO
6 GLOBAL MOBILE PHONE LOUDSPEAKER MARKET, BY TYPE
6.1 OVERVIEW
6.2 ELECTRIC SPEAKERS
6.3 PIEZOELECTRIC SPEAKERS
6.4 ELECTROMAGNETIC SPEAKERS
6.5 PLASMA SPEAKERS
7 GLOBAL MOBILE PHONE LOUDSPEAKER MARKET, BY SOUND OUTPUT
7.1 OVERVIEW
7.2 LESS THAN 80 DB
7.3 80-90 DB
7.4 MORE THAN 90 DB
8 GLOBAL MOBILE PHONE LOUDSPEAKER MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL MOBILE PHONE LOUDSPEAKER MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 GET TOP ACOUSTIC CO., LTD
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 BESTAR ELECTRONICS CO., LTD
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 BSE CO., LTD
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 FORTUNE GRAND TECHNOLOGY INC
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 CUI INC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 DAIN, INC
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 EM-TECH.CO., LTD
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 REGAL ELECTRONICS, INC
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 CHANGZHOU SU YANG ELECTRONICS CO., LTD
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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