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Acoustic Diaphragm Market - by Material (Wood, Paper, Polypropylene, Polycarbonate, Polyester Film, Polyamide, Polyether Ether ketone, Glass), and End-user (Earphone & Headphone, Loudspeaker & AI Speaker, Microphone) & Global Forecast, 2023-2032

  • Report ID: GMI4816
  • Published Date: Feb 2023
  • Report Format: PDF

Acoustic Diaphragm Market Size

Acoustic Diaphragm Market size surpassed USD 17 billion in 2022 and is slated to depict over 7% CAGR from 2023 to 2032. The commendable growth of the electronics industry across the Asia Pacific is one of the leading factors augmenting the demand for acoustic diaphragms.
 

Acoustic Diaphragm Market

To understand key trends  

Asia Pacific economies such as China, India, and Japan have emerged as a massive market for consumer electronics and appliances, given the pent-up consumer demand, flourishing premiumization trends, and supportive policy initiatives. According to Indian Brand Equity Foundation (IBEF) statistics, electronic goods export in India, mainly comprising IT hardware, Mobile phones, electronics (TV and audio), auto electronics, and industrial electronics, recorded a growth of 71.99% YoY and reached an estimated US$ 2,009.07 million in September 2022. Furthermore, the Ministry of Electronics & IT envisions India's electronics industry exports to reach US$ 120 billion by 2026.
 

Similarly, based on a report by the Ministry of Industry and Information Technology, China ranked first in terms of the production and sales of consumer electronics, backed by its brand-building capacity and improved innovation. The positive outlook of the electronics sector across these economies will foster the demand for acoustic diaphragms owing to its increasing utilization in several audio gadgets will have a favorable impact on the acoustic diaphragm market growth.

Electronic devices that make use of acoustic diaphragms have a huge dependency on semiconductor chips. The prolonged chip shortage that has been continuing for the last two years has further worsened as a result of the Russia-Ukraine conflict. The ongoing cross-border disturbances have severely disrupted the product value chain and are predicted to hamper industry revenue. Moreover, the fluctuating raw material prices due to changing economic and trade dynamics may further impede market performance.
 

Acoustic Diaphragm Market Analysis

Acoustic Diaphragm Market Size (USD Million), By Material

To understand key trends  

Based on the material, the acoustic diaphragm market from the polyether ether ketone (PEEK) segment is poised to expand at around 7.5% gains through 2032. The segment growth can be credited to the increasing usage of PEEK acoustic diaphragms in high-quality headphones, earphones, sound bars, esoteric components, laptops/PCs, smart speakers, etc. Another factor adding to the growing popularity of acoustic diaphragms made of polyether ether ketone is they require lesser weight than other polyesters to achieve shape integrity and do not contain unnecessary additives.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of acoustic diaphragm exceeded USD 17 billion in 2022 and is set to witness over 7% CAGR from 2023 to 2032 owing to the positive outlook of the electronics sector across several Asia Pacific economies, India, China, and Japan.
The polyether ether ketone (PEEK) segment is likely to grow at nearly 7.5% gains through 2032 given the several benefits of using PEEK in acoustic diaphragms over other polyesters such as lightweight and free from unnecessary additives.
The microphone segment is expected to reach USD 16.5 billion by 2032, given the increasing usage of microphones in hearing aids and other devices and appliances such as televisions, telephones, etc.
Prominent companies in the acoustic diaphragm business include Mica Manufacturing Co. Pvt. Ltd., Materion Corporation, Foster Electric Company, Limited, Poyun Enterprise, Elmetric AB., Vansonic Enterprise Co., Ltd, Loudspeaker Components, LLC, VOZ Electonic Co., Tectonic, and Vesper Technologies.

Acoustic Diaphragm Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 9
  • Tables & Figures: 193
  • Countries covered: 17
  • Pages: 375
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