The main demand for the loudspeaker market is witnessed across several applications such as commercial, home audio and consumer.
Sellbyville, DE -- (SBWIRE) -- 01/14/2019 -- The North America and Europe Loudspeaker Market size will be driven by the increase in buying and installation of home entertainments. However, frail macroeconomic factors and lack of growth in wages & income might hinder the growth over the coming years. Growing population of music listeners, increasing digital music sales and popularity of audio & video entertainment segments are expected to impact the regional market positively over next decade. The U.S. is at the forefront of installing and buying the upcoming technologies such as wireless loudspeaker market and home entertainment.
Growth of customer expenses in the entertainment segment are expected to open new doors for industry players over the next decade. Internet penetration, accessibility of a strong delivery network and rising global population are projected to enhance the loudspeaker market size over the forecast timeframe.
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Increasing usage of headphones and Wi-Fi & Bluetooth enabled devices such as tablets, laptops and smartphones are expected to propel growth. The industry is using advanced processes and materials to improve quality of the loudspeakers, thus to provide a good value to its customers. For instance, in 2015 Sony released a LED light bulb speaker in the Japanese market and this Life Space UX concept line came with a remote control, a Bluetooth speaker and a smartphone application built into its frame. With a remote-control dial and a smartphone application, it can be paired via NFC (Near Field Connectivity), and either of the connection can be used to direct playback of loudspeaker and brightness of the bulb.
The main demand for the loudspeaker market is witnessed across several applications such as commercial, home audio and consumer. Major product segments include satellite, sound bar, subwoofer, in-ceiling, in-wall, multimedia, outdoor and home theatre. The soundbar speaker has wireless technologies such as Bluetooth, NFC and Wi-Fi connectivity embedded into it.
Customers such as business owners and residential users, install subwoofer and satellite speakers for home, leisure and hospitality sector which gives them better sound experience. They are used to produce low pitch audio frequencies. The quality of audio produced from these speakers is offering growth opportunities to subwoofer and satellite speakers in the loudspeaker market. Increase in the demand for connected and smarter devices in the hospitality segment might be a better opportunity for wireless loudspeaker market share.
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The industry players include Sony, Bose Corporation, Yamaha Corporation of America, Cambridge Sound Works, Inc., Definitive Technology, Polk Audio, Beats Inc, Audiovox Corporation, Altec Lansing, Directed Electronics, Inc., Boston Acoustics B&W Group Ltd., Creative Labs, Inc., KLH Audio Systems, SpeakerCraft, Inc., Klipsch Group, Inc., Harman International and Sonance.
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