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Active Speaker Market Size

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

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Active Speaker Market Size

Active Speaker Market size was valued at USD 12 billion in 2023 and is estimated to register at a CAGR of over 22% between 2024 and 2032. An active speaker is a type of audio system that includes built-in amplification and signal processing capabilities. Unlike passive speakers, which require an external amplifier, active speakers have these components integrated directly into the speaker enclosure. This design allows for greater control over sound quality and simplifies the setup by eliminating the need for separate amplifier units.

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The growing popularity of wireless and Bluetooth-enabled active speakers is driving the active speaker market as consumers seek more convenient and flexible audio solutions. These speakers provide hassle-free connectivity, allowing users to stream music from their devices without the use of cables. This trend is consistent with the growing demand for seamless integration and ease of use in modern audio systems. For instance, in December 2023, U&I introduced four budget-friendly wireless speakers, targeting individuals seeking economical entertainment options. The Budget Series encompasses highly versatile wireless speakers suitable for personal enjoyment, intimate gatherings, or while on the move. This collection caters to a variety of preferences including karaoke enthusiasts looking to host singing competitions at home.

Active Speaker Market Report Attributes
Report Attribute	Details
Base Year:	2023
Active Speaker Market Size in 2023:	USD 12 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	22%
2032 Value Projection:	USD 81 Billion
Historical Data for:	2018 – 2023
No. of Pages:	250
Tables, Charts & Figures:	360
Segments covered:	Type, technology, distribution channel, application
Growth Drivers:	Increasing demand for high-quality audio solutions in commercial venues Growing adoption of active speakers in home entertainment systems Rising popularity of wireless and Bluetooth-enabled active speakers for convenience and flexibility Expansion of the automotive industry Expansion of the live events and concert industry, driving the need for portable active speaker systems
Pitfalls & Challenges:	Market saturation and competition Quality control issues

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As automotive manufacturers incorporate more advanced infotainment systems into their vehicles, there is a growing demand for premium audio solutions. Active speaker systems provide superior sound quality and spatial optimization, aligning with the automotive industry's goal of improving the in-car entertainment experience, thereby fueling adoption in this sector.

Saturation and intense rivalry in the active speaker market hinder growth by reducing profit margins and limiting differentiation. With many manufacturers offering similar products, it becomes difficult for businesses to stand out and gain market share. Furthermore, price wars may ensue, reducing profitability and possibly risking product quality and innovation efforts.

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.