The Global Mobile Phone Loudspeaker Market is expected to reach USD 1679.0 million by 2024 at a CAGR of 6.32% during the forecast period.
Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years. Loudspeakers are inbuilt components of mobile phones which are used for voice calls, video calls, listening to music, and alerts & notifications. Nowadays, as mobile phones have started doubling as portable music players, consumers have started using the built-in speakers for playing music.
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The global mobile phone loudspeaker market has been segmented based on product, type, sound output and region.
Based on type, the market has been classified into electric speakers, piezoelectric speakers, electromagnetic speakers, and plasma speakers. The electric speakers segment accounted for the larger market share in 2018, with a highest market value during the forecast period. Electric speakers generally use a conductor with superior conductivity for the voice coil to provide the sound signal through speakers. Piezoelectric sound components are widely applied from consumer products to on-vehicle materials and industrial equipment.
Electromagnetic speakers are also known as reed-type speakers, where a changing input signal produces the sound rather than producing a tone automatically like a buzzer. A plasma speaker uses a high-voltage-pulse generator to produce a rapidly occurring series of plasma arcs instead of a solid diaphragm, through which an audio signal can be transduced from an electrical signal into an overpressure wave.
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The key players of global mobile phone loudspeaker market are Gettop Acoustic Co., Ltd. (China), BeStar Electronics Co., Ltd (China), BSE Co., Ltd (South Korea), Fortune Grand Technology Inc. (Taiwan), CUI Inc. (US), Dain, Inc. (China), EM-Tech.CO., LTD (South Korea), Regal Electronics, Inc. (US), and Changzhou Su Yang Electronics Co., Ltd. (China), among others.
In January 2017, Fortune Grand Technology Inc. established its new production facility in Dongkou County, Hunan Province, China. The new production facility produces loudspeakers for cellphone, TV, computer, and other electronic devices.
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