United States Mobile Phone Loudspeaker Industry Research Report to 2032

US Mobile Phone Loudspeaker Industry Highlights & Dynamics

Within the speaker types, the electric speaker segment took the lead in 2018, securing the largest market share of 40.6% and a market value of USD 60.5 million. Forecasts predict a steady CAGR of 5.5% for this segment during the forecast period. In the same year, the piezoelectric speaker segment emerged as the second-largest market, valued at USD 42.4 million, and is expected to register the highest CAGR of 6.8%.

Segmenting the market based on sound output levels, the 80-90 dB category dominated in 2018, claiming the largest market share at 45.5%, equivalent to a market value of USD 67.7 million. Forecasts suggest that this segment will continue its ascendancy with the highest anticipated CAGR of 7.0% during the forecast period. Meanwhile, the more than 90 dB segment, holding the second-largest market position in 2018 at USD 53.8 million, is projected to exhibit a commendable CAGR of 6.0%.

In terms of geographical distribution, the United States commanded the largest market share in 2018, capturing 59.7% of the market with a value of USD 148.9 million. Forecasts for this region suggest the highest CAGR of 5.8% during the forecast period. Canada secured the second-largest market position in 2018, valued at USD 92.2 million, and is expected to exhibit a CAGR of 3.0%.

In summary, the stereo segment leads the market dynamics with a significant share and robust growth projections, driven by an anticipated surge in demand. The electric and piezoelectric speaker segments showcase distinct trajectories, with the latter poised for notable growth. Sound output categories reveal a preference for the 80-90 dB range, while geographical analysis highlights the dominance of the United States with a promising growth outlook. As the market evolves, these insights provide a comprehensive understanding of the key trends and opportunities shaping the mobile loudspeaker landscape.