Speakers are booming in COVID-19 with CAGR Value

Speakers are electroacoustic transducers, which convert audio signals into sound. Speakers receive audio through electric audio signals and converts it into sound waves, while enhancing volume and quality of the sound. The report considers smart speakers, portable speakers, home audio speakers, and true wireless stereo (TWS) hearables, which integrate latest technologies including virtual assistants, Bluetooth connectivity, integration of Wi-Fi, and portability.

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In addition, the latest speaker technologies employ high-end battery backup, waterproof properties, bass enhancement hardware, built-in amplifiers, utilization of recycled materials for manufacturing, and other such properties, which make them more desirable for both indoor and outdoor applications. Currently, major players in speaker the industry are inclined toward the development of new products complying to change in consumer demands, as well as to providing high quality audio output.

The key market players profiled in the report include 3nod Group, AAC Technologies Holdings Inc., Alphabet Inc., Amazon.com, Inc., Bose Corporation, Fortune Grand Technology Inc., Foster Electric Company, Limited, Guoguang Electric Company Limited, Koninklijke Philips N.V., Guangzhou Merry Audio Equipment Co. Ltd., Premium Sound Solutions, Samsung Electronics Co., Ltd., Sony Corporation, Tonly Electronics Holdings Limited, and Tymphany HK Limited.