Loud Speakers Market 2017-2021

Global loudspeakers market overview

There are a wide range of loudspeakers available in the market today with different sizes and designs that consume lesser space in comparison to home theaters. Importantly. the provision to stream audio contents wirelessly is propelling the sales of wireless outdoor load speakers across the world. Since most of the portable devices such as laptops, smartphones, and tablets come with Wi-Fi and Bluetooth connectivity, which helps them stream contents wirelessly. This ability of the outdoor loudspeakers to stream audio contents with ease will significantly fuel the loudspeakers market growth in the next few years.

Technavio’s market research report predicts that the global loud speakers market size and share will grow steadily and post a CAGR of above 7% during the forecast period. The wireless streaming of audio contents is undoubtedly one of the primary drivers for market growth. In terms of geography, countries in the Americas contributed the most to the global loud speakers market growth during 2016 and is anticipated to continue its dominion during the forecast period. Factors such as the high adoption of consumer electronics, the rising number of music concerts in countries such as Brazil and Mexico, and the need for high-quality sound systems in movie theaters, will drive the loudspeakers market growth in this region.

Competitive analysis and key vendors