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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.
Regarding the end-user, the overall market share from the microphone segment is anticipated to cross USD 16.5 billion by 2032. Microphones find extensive usage in a range of devices and appliances, including telephones, televisions, public address systems for motion picture production, concert halls, public events, live and recorded audio engineering, two-way radios, sound recording, megaphones, and radio and hearing aids. The prevalence of hearing difficulties and disabilities among the elderly will propel product demand.
North America acoustic diaphragm market is estimated to witness about 5% CAGR and reach a valuation of USD 5.8 billion by 2032. Increasing consumer inclination toward advanced consumer electronics in tandem with the incorporation of emerging technologies in smartphones and AI speakers is projected to positively impact regional market demand.