According to the research report titled ‘Global Speaker Driver Market Size study, By Type (Mobile Phones/Tablets, Headphones/Earphones, Smart Speakers, Others), By Driver (Dynamic Driver, Balanced Armature Driver, Planar Magnetic, Electrostatic, Others), By Application (Consumer, Professional/Enterprise, Medical, Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global speaker driver market is projected to witness significant growth through 2022-2028, observing a modest CAGR during the study period.

The rising popularity of bass-heavy headphones, the increasing acceptance of audio and video streaming services, and the advent of technologically enhanced speaker drivers are the major factors driving the growth of global speaker driver market.

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For those unaware, the device that converts an electrical audio stream into sound waves is referred to as a speaker driver or an electrodynamic speaker driver.

Notably, negative health consequences on listeners as well as fluctuating raw material prices is likely to negatively impact global speaker driver market growth due to during the forecast period.

Despite this, it is projected that improvements in wireless technology standards and the expanding use of video conferencing platforms will benefit speaker driver manufacturers, which in turn is likely to positively influence the overall market growth throughout the analysis timeframe.

Based on type, the market is divided into smart speakers, headphones & earphones, mobile phones & tablets, and others. Moving on to the driver type, the industry is categorized into electrostatic, planar magnetic, balanced armature driver, dynamic driver, and others.

With respect to the application spectrum, the market is segmented into medical, professional & enterprise, and consumer.

The geographical bifurcation of this business space extends to Asia-Pacific, North America, Europe, as well as Latin America with key emphasis on the U.S., Canada, U.K., Germany, France, Italy, Spain, India, China, Japan, South Korea, Australia, Brazil, and Mexico, and the rest of the world.

North America speaker driver industry is expected to generate commendable returns over the forecast period owing to the technological breakthroughs and rising investments in R&D activities.

Asia-Pacific market, on the other hand, is anticipated to exhibit a healthy CAGR over the review period, on account of increasing demand for smartphones, and rising preference for a high-quality audio experience service.

The major companies operating in global speaker driver industry landscape AAC Technologies Holdings Inc., Premium Sound Solutions Pvt. Ltd., Fortune Grand Technology Inc., Voz Electronic Co. Ltd., Fostex International, Beyerdynamic GmbH & Co. KG, Knowles Electronics, Sony Group Corporation, Samsung Electronics Co. Ltd., and Sennheiser electronic GmbH & Co. KG