Acoustic Diaphragm Market Size Worth Over $24.1 Bn by 2026
Published Date: September 15, 2020 Authors: Kiran Pulidindi, Hemant Pandey
According to a new research report by Global Market Insights., the Acoustic Diaphragm Market size is forecast to exceed USD 24.1 billion by 2026.
Acoustic diaphragm offers excellent sound quality owing to its versatile physical properties including high internal loss, elastic modulus, strength, and density. The diaphragm is widely used in consumer electronic products such as earphones, headphones, microphones, and loudspeakers. Generally, a speaker system consists of a damper, diaphragm, permanent magnet, an encloser, and other elements. Among these elements, the diaphragm is an essential component to provide an enhanced sound quality in speaker systems.
These speakers are used in a variety of applications such as sound devices, mobile communication terminals, telephones, television sets, computers, cassettes, and automobiles. To fulfill the requirements of speakers with high-quality sound, diaphragms should have higher elastic modulus, high internal loss, and light weight or low density, boosting the adoption of acoustic diaphragm market in speakers for various applications.
Emerging economies including China, Japan, South Korea, and India have emerged as major revenue pockets of the Asia Pacific consumer electronics business. In fact, China is projected to record a CAGR of more than 5%. The increasing disposable incomes and fast-paced lifestyles in these countries have further propelled the adoption of electronic products. Furthermore, with rising disposable incomes, the rapid change in end-user lifestyles and purchase parity has been observed in the last few years, boosting the demand for consumer electronics such as home appliances, speakers, and headphones.
Additionally, the rising popularity of wireless technologies, such as Wi-Fi, Bluetooth, and NFC, has become a strong focal point for the consumer electronics sector. This trend is projected to positively impact the overall acoustic diaphragm market demand during the review period.
Browse key industry insights spread across 282 pages with 483 market data tables & 28 figures & charts from the report, “Acoustic Diaphragm Market Size, By Material (Wood, Paper, Polypropylene, Polycarbonate, Polyester Film, Polyamide, Polyetherketone), By End-user (Earphone & Headphone, Loudspeaker & AI Speaker, Microphone), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
The COVID-19 pandemic has moderately impacted the electronics industry with a significant drop in the acoustic diaphragm market revenue. It can be majorly attributed to the decline in sales of headphones and speakers owing to closed malls & shops and temporarily halt on online shopping.
The COVID-19 outbreak in China has highly impacted the production and consumption of consumer electronic products. However, the sales of electronics products were steady in some countries. Furthermore, lockdown in economies including China, India, Italy, Spain, France, the UK, and Brazil has also affected the acoustic diaphragm market consumption.
In 2019, the microphone & earphone and headphone segments combinedly held more than 85% share in the overall market. Furthermore, the COVID 19 outbreak has highly impacted the demand for microphones and earphones & headphones, further decreasing the consumption of acoustic diaphragms.
The loudspeaker segment held a market share of over 10% in 2019
The loudspeaker segment is projected to grow at a CAGR of over 7.8% between 2020 – 2026. The demand for acoustic diaphragm is increasing in loudspeakers and AI devices. Growing demand for loudspeakers with enhanced sound quality is likely to offer growth opportunities to the acoustic diaphragm market during the forecast period. Materials, such as paper, polypropylene, and mica, are widely used in the diaphragms of loudspeakers.
Other applications include sound recorder, gramophone, etc. The other segment accounted for less than 1% share in the global acoustic diaphragm market in 2019. Acoustic diaphragm helps to improve the quality of microphone-based sound recordings in mobile phones and other devices.
North America to exhibit steady growth during the forecast period
North America held a considerable stake in the acoustic diaphragm market with over 27% market share in 2019. Increasing consumer preferences for advanced consumer electronics along with emerging technologies in smartphones and AI speakers are projected to propel the product growth in the region. Furthermore, the presence of several smartphone and microphone manufacturers in the region is stimulating the volume growth over the forecast timeframe.
The increasing usage of technologically advanced microphones in the music industry along with the presence of a huge technological infrastructure is projected to further amplify the demand for acoustic diaphragms in the region.
Some of the key product producing companies in the acoustic diaphragm industry include Poyun Enterprise, Foster Electric Company, Limited, Vansonic Enterprise Co., Ltd., Elmetric AB, Mica Manufacturing Co., Pvt. Ltd., Loudspeaker Components, L.L.C., VOZ Electonic Co., Tectonic, Materion Corporation, and Vesper Technologies.