Global Micro Speakers Market 2017-2021

Micro speakers market share analysis

According to the micro speakers market share analysis, extensive industry analysis carried out by the market research analyst at Technavio has shown that the global market for micro speakers will grow at a CAGR of almost 10% by 2021. Much of this impressive growth can be attributed to the recent increase in the number of smart homes in regions like the US, the UK, and Germany.

Smart homes leverage the IoT technologies, such as small wireless speakers, to connect consumer electronic devices, entertainment equipment, and other smart electronics to the home network. The demand for smart homes is driven by the preference for convenience, luxury, and connectivity among the devices. It is also fuelled by government initiatives that promote smart homes for a better living.

Micro speakers market trends

According to this market study, eminent trends, such as the replacement of mercury systems with UV LED systems, will also contribute towards the micro speakers market growth during the estimated period. At present, UV LED systems are being used in the micro speaker’s market space due to the benefits they provide. This system is expected to replace the market for mercury systems during the forecast period due to the improvements in the outputs and yields.

Micro speakers market value: Competitive landscape and key vendors

The global micro speakers market is highly competitive and is due to the presence of a large number of established players and other regional players. During the forecast period, small portable speakers vendors will compete intensely with their peers to deliver advanced technology to the end-users to gain a competitive advantage in the mini Bluetooth speaker market.

Top vendors in the micro speakers market

• AAC Technologies
• BSE
• ESTec
• GoerTek
• Knowles
• Beats Electronics
• Bose
• Harman
• Samsung
• Apple
• Lenovo
• ASUS
• Huawei

Micro speakers market growth by end-user 

• Embedded systems
• Consumer devices

At present, the embedded systems segment accounts for the largest market share and is anticipated to retain its dominant market position by the end of 2021. The growing global demand for smartphones, laptops, tablets, TVs, and PCs will lead to the strong growth of this market segment in the mini Bluetooth speaker market during the forecast period.

Micro speakers market size based on geography

• APAC
• Europe
• North America
• ROW

The mini Bluetooth speaker market is well diversified in APAC, Europe, North America, and ROW. During 2016, the market was dominated by APAC and is estimated to further enhance its hold over the market by the end of the forecast period.  The recent increase in the development of smart homes in the region is a positive trend for the micro speakers market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global micro speakers market?
• What are the key market trends impacting the growth of the global micro speakers market?
• What are the challenges to market growth?
• Who are the key vendors in the global micro speakers market?
• What are the market opportunities and threats faced by the vendors in the global micro speakers market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW.?
• What are the key outcomes of the five forces analysis of the global micro speakers market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Portable Speaker Market 2017-2021
• Global Bluetooth Speaker Market 2016-2020
• Global Speaker Market 2016-2020