What is a challenge for the Speaker Driver Market?

A challenge for the Speaker Driver Market is that a cleaner bass may lead to irregular frequency response. Large-sized drivers and the need for powerful bass come with a challenge. While bass might be better with bigger headphone drivers, treble (higher frequencies) can be harder to replicate. A large-sized driver to produce powerful bass comes along with the challenge of reducing the possibility of an irregular frequency response. Generally, larger drivers can generate cleaner bass, but less accurate high frequencies.

What is a restraint for the Speaker Driver Market?

ARestraint for the Speaker Driver market includes its harmful effects on the health of listeners. The World Health Organization (WHO) estimated that around a billion young people across the globe could be at the risk of hearing loss because of the unsafe listening habits they practice through headphones/earphones. The major concern with the headphones is the volume exposure that they give the ear. According to a study undertaken by the New York City Health Department, continuous exposure to loud noise (via loudspeakers, headphones, and so on) can damage the delicate inner ear cells and result in hearing impairment or complete hearing loss. Typically, large-sized drivers generate a louder sound output. Such drivers in headphones are capable of producing very loud levels of sound very close to the ear, thus being dangerous for the ears. .

What is an opportunity for the growth of the Speaker Driver Market?

An opportunity for the Speaker Driver market includes the expansion of 5G network to increase sale of smartphones and speaker drivers. With the introduction of the 5G network in many countries, the commercialization of 5G phones is expected to accelerate in the coming years. In 2020, Xiaomi has announced the plan to launch a 5G-enabled smartphone under USD 300, which is expected to result in a high sale of 5G phones as compared to the 4G phones in the coming years. The announcement of 5G mobile chipsets by Qualcomm and MediaTek is expected to create opportunities for smartphone manufacturers to increase the sales volume globally. In 2020, Qualcomm announced that it aims to bring 5G to its entry-level 4 Series of chipsets, specifically meant for phones in the USD 125–250 price range. Similarly, in 2020, Mediatek announced the plan to launch a new 5G mobile chipset for entry-level smartphones. This will create an opportunity for several smartphone manufacturers to capture the maximum share of the smartphone market and result in the development of new 5G-compatible phones. The introduction of new 5G phones will consequently fuel the demand for speaker drivers for these devices during the forecast period.

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What are some of the drivers for the growth of the Speaker Driver Market?

Some of the drivers of the Speaker Driver market include, Growing popularity of bass-heavy headphones; Growing adoption of a new category of earphones—true wireless earbuds; and the Surge in adoption of audio and video streaming services to fuel demand for speaker drivers. The growing popularity of over-the-top (OTT) solutions, increasing number of subscriptions, growing trend of mobile video streaming, and increasing digitalization have increased the usage of audio and video streaming services. The increasing penetration of smartphones, availability of high-speed internet plans at low cost, and growing popularity of on-demand video streaming are factors supporting the increasing usage of audio/video streaming services. This is increasing the demand for headphones, earphones, and other devices integrated with high-quality speaker drivers.

What companies operate in the Speaker Driver market?

Some of the companies in the Speaker Driver market include Sennheiser Electronic GmbH & Co. KG (Germany), Samsung Electronics (South Korea), Sony Corporation (Japan), Knowles Electronics (US), Goertek (China), Beyerdynamic GmbH & Co. KG (Germany), Fostex International (Tokyo), Merry Electronics co., ltd.(Taiwan), Concraft Holding co., ltd (Taiwan), Eastech (Taiwan), Voz Electronic co., ltd (Taiwan), Fortune Grand Technology inc.(US), Tymphany (China), Premium Sound Solutions (Belgium), Ole Wolff (Denmark), AAC Technologies (China), 1More (California), Sonion (Zealand), Bellsing (China), Molex (US) Audeze llc (US).

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