Mobile Phone Loudspeaker Market Size

Mobile Phone Loudspeaker Market Growth Projections and Opportunities

Loudspeakers are built-in parts of mobile phones that are used for voice calls, video calls, listening to music, and alerts. Nowadays, people also use the built-in speakers of their mobile phones for playing music because mobile phones can now also work as portable music players. This trend has led smartphone makers to create phones specifically designed for music or video, with high-quality sound. The main reasons for the growth of the mobile phone loudspeaker market are more people buying premium smartphones and the increased use of loudspeakers in gaming smartphones. However, there are challenges because making smartphones more compact can limit the loudspeaker's development.

This study about the global mobile phone loudspeaker market gives detailed information about industry trends, how the market behaves, its size, the competition among companies, and opportunities for growth. The research report categorizes the mobile phone loudspeaker market by different factors like the product type, sound output, and the region. For example, based on the product type, the market is divided into mono (one speaker) and stereo (two speakers). The types of speakers are also categorized, including electric speaker, piezoelectric speaker, electromagnetic speaker, and plasma speaker. The sound output is categorized into three levels: less than 80 dB, 80–90 dB, and more than 90 dB. The regions included in the study are North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America. Asia-Pacific is expected to be the leading region in the global mobile phone loudspeaker market.

In terms of numbers, the mobile phone loudspeaker market was valued at USD 1,235.1 million in 2018, and it's estimated to reach USD 1,679.0 million in 2024, growing at a rate of 5.39% during the forecast period from 2019 to 2024.

The global market for mobile phone loudspeakers is competitive because many companies offer advanced solutions. Some of the key players in this market include Fortune Grand Technology Inc (Taiwan), CUI Inc (US), Changzhou Su Yang Electronics Co. Ltd. (China), Shandong Gettop Acoustic Co., Ltd. (China), BeStar Electronics Co., Ltd. (China), BSE Co., Ltd. (South Korea), Dain, Inc. (China), EM-Tech.CO., LTD. (South Korea), Regal Electronics, Inc. (US). These companies are using different strategies like improving their products, launching new products, expanding their capabilities, and making agreements to stay ahead in the mobile phone loudspeaker market.