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Active Speaker Market Trends

  • Report ID: GMI8719
  • Published Date: Mar 2024
  • Report Format: PDF

Active Speaker Market Trends

Several notable trends are reshaping the active speaker industry landscape. The demand for wireless and Bluetooth-enabled speakers is influenced by consumer preferences for convenience and flexibility. There is a growing emphasis on smart home integration, with active speakers that support voice control becoming increasingly popular. Another significant trend is the increasing use of active speakers in commercial settings, such as restaurants, retail stores, and corporate offices, where high-quality audio is required to create immersive environments.
 

For instance, in February 2023, Deezer announced a long-term partnership with Sonos to power the brand's streaming radio service, Sonos Radio, and its subscription service, Sonos Radio HD, delivering an expansive catalog of music curated for customers. The collaboration aligns with Deezer's strategy of focusing on partnership-led expansion to deliver growth opportunities in the U.S. and other markets globally.
 

Technological advancements in audio processing and design are resulting in the development of smaller and more energy-efficient speaker solutions. The trend toward sustainability is influencing product development, with manufacturers emphasizing environment-friendly materials and energy-efficient manufacturing processes.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of active speaker crossed USD 12 billion in 2023 and is set to reach over USD 81 billion in 2032, led by the growing popularity of wireless and Bluetooth-enabled active speakers.

The household application segment accounted for over 59% of the market share in 2023, due to the growing popularity of smart homes and connected devices.

The Digital Signal Processing (DSP) technology segment is estimated to register over 23% CAGR from 2024 to 2032, as they provide consumers with superior sound quality and customization options by precisely controlling various audio parameters.

North America held over 34% in the active speaker market share in 2023, owing to rising disposable income and the strong popularity of streaming services.

Active Speaker Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 360
  • Countries covered: 22
  • Pages: 250
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