Speakers Market by Product, Technology and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 166 SKU: IRTNTR44290

 Speakers Market Report Forecast

The  Speakers Market size was valued at USD 24.87 billion in 2020 and the market is estimated to reach USD 156.93 billion by 2027. The speakers market is classified into Product, Technology, and Geography. Based on segments the  Product segment holds the largest market share. 

How big is the Speakers Market from 2023 to 2027?

The Global Speakers Market share is estimated to grow at a CAGR of 30.5% between 2023 and 2027. The market size is forecast to increase by USD 115.46 billion.

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What are the segments of the Speakers Market?

This report extensively covers market segmentation by product (stereo speakers and smart speakers), technology (wireless speakers and wired speakers), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What is the trend in the Speakers Market?

The popularity of multi-room streaming speakers is one of the major speakers market trends shaping the market growth. Additionally, gaming monitor with speakers have Wi-Fi connectivity, which enables the streaming of music from one speaker to another.  Networked audio devices, utilizing technologies like PlayFi, Bluetooth, Wi-Fi, and AirPlay, have simplified user experiences by eliminating wires, reducing costs, and saving time.

The trend of users installing multiple speakers is fueling the demand for multi-room streaming speakers, which effortlessly connect wirelessly to a master unit. These speakers also integrate with voice assistants like Amazon Alexa and Google Assistant. The introduction of such products is set to boost their adoption, with easy management through mobile apps. As the demand for music streaming services grows, the market for multi-room streaming speakers is expected to thrive. Focus on AI-ready speakers is another key trend diving the speakers market.

Which driving factor helps to grow the Speakers Market?

Increasing adoption of smart speakers is a key factor driving the speakers market growth. House speakers are becoming vital for home automation and the realization of smart homes. Speakers of the house allow users to control connected devices through voice commands and come equipped with smart assistants. These assistants not only execute user commands but also provide information on weather, news, meetings, security alerts, and appliance notifications.

The demand for house speakers has surged, prompting vendors and startups to innovate. Crowdfunding strategies help gauge user interest and involve potential buyers in product development. This approach ensures the incorporation of cutting-edge technology, attracting more users and potential customers. The market benefits from the rising popularity of smartphones lacking 3.5 mm headphone jacks, as they can connect wirelessly to smart and Bluetooth speakers. These factors collectively drive the global smart speaker market market's growth.

What are the major challenges in the Speakers Market?

Privacy concerns associated with smart speakers is a key challenge hindering the speaker market growth. Privacy concerns pose a significant challenge to the global speakers market. Smart speakers, linked to Wi-Fi, are susceptible to cyber threats, risking personal data leakage. They can listen, record, and transmit audio, and malfunctioning activation buttons may inadvertently capture and transmit entire conversations.

Hacking incidents, such as a man in Germany receiving 1,700 voice recordings from an unknown source and a family in Oregon discovering private conversations were recorded and shared, intensify these worries. Moreover, smart speakers connected to Wi-Fi can serve as entry points for hackers to breach firewalls, acquire passwords, and access user smartphones, potentially revealing calendar details and other personal information. These privacy concerns and vulnerability to hacking negatively impact the global smart speaker market growth.

Which segment accounted for the largest Speakers Market share?

The market share growth by the stereo speakers segment will be significant during the forecast period. The stereo speaker is a type of speaker in which two speakers are built into a single device. These speakers are usually positioned on the left and right sides of the device, and each speaker uses the respective channel of stereo sound, thus producing a stereo effect.

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The stereo speakers segment was valued at USD 8.46 billion in 2017 and continue to grow by 2021. In a stereo speaker, one of the pairs of speaker boxes is designed to be hooked up to separate amplifiers that reinforce one side of the stereo audio signal. Sometimes, a stereo speaker consists of multiple drivers and connections to take both sides of a stereo signal to be reproduced from a single speaker. The Jam Box/Mini Jambox is one example of a Bluetooth speaker that has multiple drivers (speakers) inside it to give the left and right sound from one unit. Such factors will increase the market growth during the forecast period.

Which are the Key Regions for the Speakers Market?

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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Smart home adoption is in its early stages in APAC but is expected to grow in the coming years. Integration of voice assistants into speakers will drive the adoption of smart speakers and home automation devices. Companies and list of speakers of the house like Amazon, Alibaba, and Xiaomi offer innovative products with voice assistants to boost speaker adoption. Multi-room speakers supporting smart home applications will be a growth driver boosting the smart speaker market.

This report forecasts each segment's contribution to market growth and considers the COVID-19 impact and recovery strategies. The pandemic initially boosted speaker demand in APAC, with sales rebounding in Q3 2020 as lockdowns eased and manufacturing resumed. Technological advancements and increased smartphone penetration, driven by remote work and online education, will fuel the speaker market's growth in countries like India, China, Vietnam, Thailand, and Singapore. Expect significant growth in the APAC speakers market in the forecast period.

Which are the major companies and key offerings of the Speakers Market?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Sony.net- The company offers marketing automation software for Flow Orchestration, OmniStudio and Flow RPA.

Technavio has detailed analyses of the competitive landscape of the market and information about 15 market vendors, including: 

  • 3nod Group
  • AAC Technologies Holdings Ltd.
  • Alphabet Inc.
  • Altec Lansing Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Fortune Grand Technology Inc.
  • Foster Electric Co. Ltd.
  • Guangzhou Merry Audio Equipment Co. Ltd.
  • Koninklijke Philips NV
  • Lenovo Group Ltd.
  • LG Electronics Inc.
  • Panasonic Holdings Corp.
  • Pioneer India Electronics Pvt. Ltd.
  • Premier Sound Solutions
  • Samsung Electronics Co. Ltd.
  • Sony Group Corp.
  • Bose Corp.
  • Bowers and Wilkins
  • Xiaomi Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The speakers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • Stereo speakers
    • Smart speakers
  • Technology Outlook (USD Billion, 2017 - 2027)
    • Wireless speakers
    • Wired speakers
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Speakers Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 30.5%

Market growth 2023-2027

USD 115.46 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

29.76

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3nod Group, AAC Technologies Holdings Ltd., Alphabet Inc., Altec Lansing Inc., Amazon.com Inc., Apple Inc., Fortune Grand Technology Inc., Foster Electric Co. Ltd., Guangzhou Merry Audio Equipment Co. Ltd., Koninklijke Philips NV, Lenovo Group Ltd., LG Electronics Inc., Panasonic Holdings Corp., Pioneer India Electronics Pvt. Ltd., Premier Sound Solutions, Samsung Electronics Co. Ltd., Sony Group Corp., Bose Corp., Bowers and Wilkins, and Xiaomi Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Speakers Market Research Report?

  • CAGR of the speaker market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global speakers market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global speakers market 2017 - 2021 ($ billion)
    • 4.2 product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – product Segment 2017 - 2021 ($ billion)
    • 4.3 Technology Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Stereo speakers - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Stereo speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Stereo speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Stereo speakers - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Stereo speakers - Year-over-year growth 2022-2027 (%)
    • 6.4 Smart speakers - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Smart speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Smart speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Smart speakers - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Smart speakers - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ billion)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)
    • 7.2 Comparison by Technology
      • Exhibit 45: Chart on Comparison by Technology
      • Exhibit 46: Data Table on Comparison by Technology
    • 7.3 Wireless speakers - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Wireless speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Wireless speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Wireless speakers - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Wireless speakers - Year-over-year growth 2022-2027 (%)
    • 7.4 Wired speakers - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Wired speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Wired speakers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Wired speakers - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Wired speakers - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Technology
      • Exhibit 55: Market opportunity by Technology ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 3nod Group
              • Exhibit 108: 3nod Group - Overview
              • Exhibit 109: 3nod Group - Product / Service
              • Exhibit 110: 3nod Group - Key offerings
            • 12.4 AAC Technologies Holdings Ltd.
              • Exhibit 111: AAC Technologies Holdings Ltd. - Overview
              • Exhibit 112: AAC Technologies Holdings Ltd. - Business segments
              • Exhibit 113: AAC Technologies Holdings Ltd. - Key offerings
              • Exhibit 114: AAC Technologies Holdings Ltd. - Segment focus
            • 12.5 Alphabet Inc.
              • Exhibit 115: Alphabet Inc. - Overview
              • Exhibit 116: Alphabet Inc. - Business segments
              • Exhibit 117: Alphabet Inc. - Key news
              • Exhibit 118: Alphabet Inc. - Key offerings
              • Exhibit 119: Alphabet Inc. - Segment focus
            • 12.6 Altec Lansing Inc.
              • Exhibit 120: Altec Lansing Inc. - Overview
              • Exhibit 121: Altec Lansing Inc. - Product / Service
              • Exhibit 122: Altec Lansing Inc. - Key offerings
            • 12.7 Amazon.com Inc.
              • Exhibit 123: Amazon.com Inc. - Overview
              • Exhibit 124: Amazon.com Inc. - Business segments
              • Exhibit 125: Amazon.com Inc. - Key news
              • Exhibit 126: Amazon.com Inc. - Key offerings
              • Exhibit 127: Amazon.com Inc. - Segment focus
            • 12.8 Apple Inc.
              • Exhibit 128: Apple Inc. - Overview
              • Exhibit 129: Apple Inc. - Business segments
              • Exhibit 130: Apple Inc. - Key news
              • Exhibit 131: Apple Inc. - Key offerings
              • Exhibit 132: Apple Inc. - Segment focus
            • 12.9 Bose Corp.
              • Exhibit 133: Bose Corp. - Overview
              • Exhibit 134: Bose Corp. - Product / Service
              • Exhibit 135: Bose Corp. - Key news
              • Exhibit 136: Bose Corp. - Key offerings
            • 12.10 Bowers and Wilkins
              • Exhibit 137: Bowers and Wilkins - Overview
              • Exhibit 138: Bowers and Wilkins - Product / Service
              • Exhibit 139: Bowers and Wilkins - Key offerings
            • 12.11 Fortune Grand Technology Inc.
              • Exhibit 140: Fortune Grand Technology Inc. - Overview
              • Exhibit 141: Fortune Grand Technology Inc. - Product / Service
              • Exhibit 142: Fortune Grand Technology Inc. - Key offerings
            • 12.12 Foster Electric Co. Ltd.
              • Exhibit 143: Foster Electric Co. Ltd. - Overview
              • Exhibit 144: Foster Electric Co. Ltd. - Business segments
              • Exhibit 145: Foster Electric Co. Ltd. - Key offerings
              • Exhibit 146: Foster Electric Co. Ltd. - Segment focus
            • 12.13 Guangzhou Merry Audio Equipment Co. Ltd.
              • Exhibit 147: Guangzhou Merry Audio Equipment Co. Ltd. - Overview
              • Exhibit 148: Guangzhou Merry Audio Equipment Co. Ltd. - Product / Service
              • Exhibit 149: Guangzhou Merry Audio Equipment Co. Ltd. - Key offerings
            • 12.14 Koninklijke Philips NV
              • Exhibit 150: Koninklijke Philips NV - Overview
              • Exhibit 151: Koninklijke Philips NV - Business segments
              • Exhibit 152: Koninklijke Philips NV - Key news
              • Exhibit 153: Koninklijke Philips NV - Key offerings
              • Exhibit 154: Koninklijke Philips NV - Segment focus
            • 12.15 Lenovo Group Ltd.
              • Exhibit 155: Lenovo Group Ltd. - Overview
              • Exhibit 156: Lenovo Group Ltd. - Business segments
              • Exhibit 157: Lenovo Group Ltd. - Key offerings
              • Exhibit 158: Lenovo Group Ltd. - Segment focus
            • 12.16 LG Electronics Inc.
              • Exhibit 159: LG Electronics Inc. - Overview
              • Exhibit 160: LG Electronics Inc. - Business segments
              • Exhibit 161: LG Electronics Inc. - Key news
              • Exhibit 162: LG Electronics Inc. - Key offerings
              • Exhibit 163: LG Electronics Inc. - Segment focus
            • 12.17 Premier Sound Solutions
              • Exhibit 164: Premier Sound Solutions - Overview
              • Exhibit 165: Premier Sound Solutions - Product / Service
              • Exhibit 166: Premier Sound Solutions - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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