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Speakers Market size is set to grow by USD 325.8 billion from 2024-2028, Increasing adoption of smart speakers to boost the market growth, Technavio

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global speakers market  size is estimated to grow by USD 325.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  47.81%  during the forecast period.  Increasing adoption of smart speakers is driving market growth, with a trend towards popularity of multi-room streaming speakers. However, privacy concerns associated with smart speakers  poses a challenge. Key market players include 3nod Group, AAC Technologies Holdings Ltd., Alphabet Inc., Altec Lansing Inc., Amazon.com Inc., Apple Inc., Bose Corp., Bowers and Wilkins, Fortune Grand Technology Inc., Foster Electric Co. Ltd., Guangzhou Merry Audio Equipment Co. Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Electronics Inc., Panasonic Holdings Corp., Pioneer India Electronics Pvt. Ltd., Premier Sound Solutions, Samsung Electronics Co. Ltd., Sony Group Corp., and Xiaomi Communications Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Stereo speakers and Smart speakers), Technology (Wireless speakers and Wired speakers), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

3nod Group, AAC Technologies Holdings Ltd., Alphabet Inc., Altec Lansing Inc., Amazon.com Inc., Apple Inc., Bose Corp., Bowers and Wilkins, Fortune Grand Technology Inc., Foster Electric Co. Ltd., Guangzhou Merry Audio Equipment Co. Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Electronics Inc., Panasonic Holdings Corp., Pioneer India Electronics Pvt. Ltd., Premier Sound Solutions, Samsung Electronics Co. Ltd., Sony Group Corp., and Xiaomi Communications Co. Ltd.

Key Market Trends Fueling Growth

Multi-room streaming speakers enhance music accessibility with Wi-Fi connectivity, enabling wireless streaming from one speaker to another. Networked audio devices, utilizing technologies like PlayFi, Bluetooth, Wi-Fi, and AirPlay, reduce user efforts, expenses, and time. The trend of installing multiple speakers increases multi-room speaker adoption. Speakers, such as Bowers & Wilkins Formation Wedge, Duo, and Bar, can be controlled via mobile apps and are compatible with voice assistants like Amazon Alexa and Google Assistant. The global speakers market growth is driven by the rising demand for multi-room streaming speakers due to the proliferation of music streaming services. 

Speakers are trending devices in the audio industry, transforming home entertainment and communication. They convert electrical signals into sound waves through transducers that vibrate to produce audio. Trends include multi-room streaming speakers, wireless technology, and smart speakers. Frequency, volume, and amplitude are key features, with stereo sound effects enhancing the listening experience. The market is unstable, with portable and stationary speakers catering to home use and commercial applications. Smart speakers integrate voice assistants, weather, security alerts, and appliance notifications, offering a revenue-augmenting opportunity. Sound technology advancements, wireless capabilities, and smart integrations, such as Bluetooth and Wi-Fi connectivity, drive growth. Environmental concerns are emerging, with consumers demanding eco-friendly solutions. The industry responds with energy-efficient designs and recycling programs. The professional speaker market, including analog systems, continues to evolve, catering to various industries. Overall, the speaker market is a dynamic and evolving landscape, shaped by consumer spending power and technological advancements. 

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Market Challenges

The global speakers market faces challenges due to privacy concerns surrounding smart speakers. These devices, connected to Wi-Fi access points, are susceptible to cyber threats. Hackers can breach the firewall to obtain passwords and access users’ calendar details and autosaved data through hacked smartphones. Misinterpretation of background conversations as voice commands can lead to unintended recordings and data transmission. These issues may hinder market growth during the forecast period. Privacy concerns necessitate robust security measures to protect user information and maintain trust.In today’s market, music revenue faces a significant challenge from the rise of online streaming platforms. Physical music sales have declined, impacting artists and industry professionals. However, new opportunities have emerged with music concerts and live events. Music production and recording require high-end equipment like sound mixers, audio signal processors, and audio power amplifiers. Nightclubs and DJs use specialized DJ equipment, while portable Bluetooth speakers cater to individual consumers. Audio technology continues to innovate with wireless-based audio devices, headphones, sound bars, and microphones. Smartphones, tablets, laptops, and smartphones have become essential tools for music production and playback. Rechargeable batteries, such as lithium polymer, power these devices. Car speakers, pocket speakers, outdoor Bluetooth speakers, and conventional speakers cater to various markets. Online and offline sales channels coexist, with sound quality and watts being key factors for consumers. The market for hi-fi systems, Bluetooth, Wi-Fi connection, USBs, supported files, and card reader types continues to grow. Disco lighting adds to the overall music experience, making events more memorable.

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Segment Overview 

This speakers market report extensively covers market segmentation by

Product 1.1 Stereo speakers1.2 Smart speakersTechnology 2.1 Wireless speakers2.2 Wired speakersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Stereo speakers-  Stereo speakers are devices consisting of two speakers built into a single unit, each handling a specific channel of stereo sound for a realistic listening experience. These speakers may include multiple drivers and connections for both sides of a stereo signal, as seen in Bluetooth speakers like the Jam Box/Mini Jambox. The components in stereo speakers can be panned anywhere between left and right channels, creating a spatial listening experience. Home theaters employ surround sound systems, which distribute sound sources around the room for a more immersive experience. The market for stereo speakers is expanding due to advancements in digital technology and the shift from traditional to modern media systems. End-users are spending more on home stereo speakers for enhanced audio quality. Portable stereo speakers with integrated sub-speakers and the ability to stream high-quality audio content from the internet are gaining popularity. Vendors are introducing new products, contributing to the growth of the stereo speakers segment and the global speakers market. The rise in demand for wireless stereo speakers, driven by their appealing designs, high-quality sound, and mobility, is also boosting market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global smart speaker market is witnessing significant growth, driven by increasing consumer demand for voice-activated devices. With advancements in AI and IoT, smart speakers are becoming integral to smart homes, offering seamless control over various applications. Meanwhile, the global multimedia speakers market is also expanding, fueled by the rising popularity of high-quality audio experiences for entertainment. Both markets are projected to grow rapidly, with key players like Amazon, Google, and Bose leading the innovation in smart and multimedia speaker technologies.

Research Analysis

Speakers are electronic devices that convert electrical signals into sound waves. They function as transducers, vibrating to produce audible sound. Speakers play a crucial role in various applications, including home entertainment systems, public address systems, telecommunications, and the professional speaker market. In the home, they come in various forms such as multi-room streaming speakers, sound bars, and even wireless-based audio devices like headphones and smartphones. In the pro-AV industry, they are used in sporting events, stadiums, and other large venues for communication purposes. Speakers can be analog or digital, and the market includes a wide range of products from microphones to tablets and laptops. Audio technology continues to evolve, with new innovations in wireless-based audio devices and cabling solutions constantly emerging.

Market Research Overview

Speakers are electronic devices that convert electrical signals into sound waves. They function as transducers, vibrating to produce audible sound. Speakers are integral to home entertainment systems, public address systems, telecommunications, and multi-room streaming. Smart speakers, wireless, and voice-activated models are popular trends in the market. Frequency, volume, and amplitude are key factors, with stereo sound effects and pairing for enhanced listening experiences. Smart speakers offer integrations with music streaming services, weather, security alerts, and appliance notifications, presenting a revenue-augmenting opportunity. Sound technology advances include wireless capabilities, smart integrations, Bluetooth technology, and Wi-Fi connectivity. Environmental concerns and consumer spending power influence the market, with a growing emphasis on eco-friendly solutions and connected devices. The speaker market encompasses various applications, from home use to commercial settings, and includes smart home technologies, voice assistants, and pro-AV industry solutions. The market is unstable, influenced by digital trends, raw materials, and the music industry’s shift from physical to online revenue streams. Speakers come in various forms, including portable and stationary models, and cater to professional use in industries like pro-AV, sports, and communication purposes. Cabling solutions, sound reinforcement equipment, video conferencing systems, and raw materials also impact the speaker market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductStereo SpeakersSmart SpeakersTechnologyWireless SpeakersWired SpeakersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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TESSAN Teams Up with One Tree Planted to Launch Global Tree Planting Initiative

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SHELBURNE, Vt., Dec. 24, 2024 /PRNewswire/ — The leading charging solution provider TESSAN has announced a new initiative to plant 10,000 trees across the United States and beyond. Through its collaboration with One Tree Planted, a non-profit organization dedicated to global reforestation, TESSAN showcases its long-term commitment to environmental sustainability and climate action as a climate-friendly brand.

Alex, the CEO of TESSAN, emphasized the brand’s dedication to fostering meaningful connections, not only between people and places but also between humanity and the planet. “We are excited to join One Tree Planted to make contribution to global reforestation,” said Alex. “Our journey at TESSAN is not just about creating innovative charging solutions. It is about establishing meaningful connections, and planting trees is one of the most direct actions to forge this bond. Through our collaboration with One Tree Planted, we aim to strengthen our connection with the Earth and encourage travelers using our products to seize every opportunity to engage in climate action, truly exploring the world and building a green connection with the planet.”

One Tree Planted is committed to global tree planting and forest restoration efforts. The organization operates with a mission to engage transparently and effectively in worldwide forest conservation by planting one tree for every dollar donated. Their initiatives span the globe, striving to enhance ecosystem sustainability.

The shared vision between TESSAN and One Tree Planted has brought their collaboration to reality. TESSAN consistently prioritizes its responsibility to protect and maintain resources for future generations. In August, TESSAN received ClimatePartner certification, elevating its dedication to sustainability by assessing the carbon footprint of its products, setting targets for emission reduction, and persistently striving to meet these objectives.

Even before this certification, TESSAN has been dedicated to reducing carbon emissions by integrating sustainability principles throughout its product lifecycle. The company promotes a low-carbon lifestyle, encouraging eco-friendly practices in product development and employee habits.

Moreover, in partnership with ClimatePartner, TESSAN has backed a biogas initiative in Nepal, effectively neutralizing 386 tons of CO2 equivalent. This project transforms cow manure combined with water into biogas via anaerobic digestion, substituting firewood for cooking and aiding in the reduction of deforestation.

TESSAN has long championed climate action within the travel charging industry. Its sustainability efforts encompass eco-friendly product designs crafted from recycled and biodegradable materials, green manufacturing processes that prioritize energy efficiency and waste reduction, and sustainable packaging made from environmentally friendly materials. The company also emphasizes transparency in its supply chain to encourage responsible sourcing practices.

TESSAN’s brand philosophy, “The Journey Begins at Home,” underscores the importance of protecting and preserving the planet as it is everyone’s home. Through compact product designs, minimalist packaging, and the use of renewable materials, TESSAN is dedicated to promoting the belief in “Charging for a Greener Future” to travelers around the globe. With a global user base exceeding 20 million, the brand’s vision of a climate-friendly journey continues to gain widespread acceptance.

About TESSAN

TESSAN, a trusted partner in charging solutions, is committed to enriching experiences both at home and during travel. The brand offers a wide array of products, including multifunctional power strips, travel adapters, wall extenders, and smart home devices. Supported by a robust R&D and production team, TESSAN develops innovative socket products for users across the globe. With the trust of over 20 million users, TESSAN empowers their journeys from home to every destination, promoting environmentally conscious electricity usage.

For more information, visit www.tessan.com or the TESSAN Amazon store, and follow TESSAN on Facebook, Instagram, and YouTube.

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SOURCE TESSAN

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Passive Bitcoin Income: The Best Cloud Mining Platforms for Reliable Earnings

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A guide to short-term Bitcoin mining, featuring BitFuFu, ZT Mining, and Hashing24 for flexible contracts and quick profits.

READING, England, Dec. 24, 2024 /PRNewswire-PRWeb/ — Engaging in bitcoin mining presents an accessible and potentially lucrative venture for those intrigued by digital currencies but reluctant to endure the complexities and long timelines associated with traditional investment routes.

Short-term mining contracts are popular among beginners as they look to improve their understanding of the market. These contracts range from as brief as a day to several months, offering immediate entry into the mining scene without the long-term entanglements.

The appeal of short-term bitcoin mining is magnified by the ease of access to these services. Legit cloud mining platforms give individuals the opportunity to lease mining power remotely and eliminate traditional obstacles such as acquiring and maintaining hardware. Investors simply select a mining plan that aligns with their financial objectives and risk tolerance, and the platform handles the operational complexities

BitFuFu Cloud Mining

BitFuFu offers a diverse range of contracts, from short to medium-term, tailored to different risk appetites and investment levels. For those looking for quick, low-risk ventures, the Easy Mining plans range from 3 to 50 days, with a starting investment as low as . These plans are ideal for newcomers wanting to dip their toes in mining without significant upfront costs. For example, the Easy Mining 3 Days plan, with an estimated acquisition cost of 5,602.2, starts investments at , promising a low-risk and low-return profile.

On the other hand, BitFuFu’s Pro Mining contracts target more seasoned miners looking for higher returns, albeit with higher risks. The Pro Mining S19 XP 30 Days plan, for instance, boasts a 107.48% return, indicative of the lucrative possibilities for those willing to invest more heavily in their mining endeavors.

ZT Mining

ZT Mining lets you mine over ten different cryptocurrencies like Bitcoin, Dogecoin, Monero, and Zcash. This means you can pick and choose and not just stick to one kind, making it fun to try out different ones. They also make sure everything is super safe. They use special security to protect your information and have strong defenses against online attacks, so everything runs smoothly without any interruptions.

ZT Mining is really cool because it has lots of different mining contracts that can last just a day or even longer, so you can see how much money you can make in a short time or a bit longer. They have a special starter package for only $35, and it’s just for one day. If you try this, you’ll get $36 back the next day, which means you make a $1 profit.

That’s pretty awesome for just a day’s work, right? Plus, if you feel like going bigger, they have longer plans where you can earn a lot more money, like the 15-day plan for mining Dogecoin that can make you thousands in profit!

Hashing24

Hashing24 makes it easy to get into bitcoin mining with its straightforward contracts that last anywhere from 3 to 24 months. Every contract has a steady hash rate of 60 MH/s, perfect for those who want a predictable and simple mining experience.

For those just starting out or looking for a short-term investment, Hashing24’s 3-Month Plan is a great entry point. It’s priced at $22.20 and offers an estimated mining return of $22.21, essentially allowing you to make back your initial investment quickly. It is ideal for testing the waters of cloud mining without committing to a long-term plan.

Investors aiming for substantial long-term gains will find the 24-Month Plan an excellent option. Priced at $111.60, it offers a projected return of 159%, appealing to those prepared to commit to a longer investment period for significant earnings.

Conclusion

Picking the right cloud mining platform is super important if you want to make money with Bitcoin without doing much work. Platforms like BitFuFu, ZT Mining, and Hashing24 have different plans that last for various times and cost different amounts of money. This means you can find one that fits what you’re comfortable with, whether you’re just getting started with cryptocurrency or you want to make a lot of money. By choosing the best plan for you, you can make your money work for you and watch as it grows over time.

Media Contact

Nancy.Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, support@ztmining.com, https://ztmining.vip

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SOURCE ZT Mining

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CATL Launches the Bedrock Chassis That Withstands 120 km/h Impact Without Catching Fire or Exploding

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NINGDE, China, Dec. 24, 2024 /CNW/ — On December 24th, CATL officially launched the CATL Bedrock Chassis, the world’s first ultra-safe skateboard chassis. With its outstanding performance of withstanding 120 km/h frontal impact without catching fire or exploding, CATL’s Bedrock Chassis sets a new standard for intelligent chassis safety, providing comprehensive protection across all scenarios and speed ranges.

Lead the industry with the most stringent safety tests

With the battery-centered design, CATL’s Bedrock Chassis utilizes Cell-to-Chassis integration technology, which directly integrates the battery cells into the chassis, allowing for a shared structural design between them. And based on the decoupling of the chassis from the upper body, the Bedrock Chassis is capable of absorbing 85% of the vehicle’s collision energy (compared to around 60% absorbed by traditional chassis).

Through various technological breakthroughs, the Bedrock Chassis successfully passed the world’s first “highest speed + strongest impact” dual extreme safety test. This achievement enables the chassis to pass the 120 km/h frontal central pole impact test without catching fire, exploding or thermal runway, redefining the benchmark for safety in the industry.

Currently, the speed for frontal impact safety test in the commonly used C-NCAP (China New Car Assessment Program) is 56km/h, which, when experiencing a frontal impact at this speed, generates collision energy equivalent to falling from 12-meter-high building. In comparison, a frontal impact at 120km/h is equivalent to falling from a 56-meter-high building, generating a collision energy 4.6 times that of collision at 56km/h.

In more stringent frontal pole crash tests, which simulate crashes with non-standard objects such as power poles, large trees, or animals, the impact area is only 1/6 of that in a full-width frontal impact, exponentially increasing impact pressure. At a speed of 120km/h, the impact pressure on the chassis per unit area in a frontal central pole impact is 21 times that of the 56 km/h full-width frontal impact in C-NCAP testing.

Due to the extremely high crash speed and intensity, there has been no previous instance of any new energy vehicle daring to challenge a 120km/h frontal pole impact test. With this extreme challenge, CATL’s Bedrock Chassis has blazed a fresh trail for the industry.

Open the era of ultra-safe transportation through three technological breakthroughs

CATL’s Bedrock Chassis has delved deep into the realm of structure and material innovation, leveraging three technological breakthroughs to provide unparalleled protection in all scenarios and speed ranges, ensuring rock-solid safety for the entire vehicle.

The CATL Bedrock Chassis introduces a revolutionary three-dimensional biomimetic tortoise shell structure, where the body and energy unit framework are integrated, deeply coupled to provide the energy unit with indestructible protection. And its aircraft carrier-grade arresting structure disperses impact forces across multiple pathways during a crash, gradually decelerating the vehicle and significantly reducing the depth and speed at which obstacles intrude the cabin. The utilization of submarine-grade hot-formed steel with a strength of 2000MPa, aerospace-grade aluminum alloy with a strength of 600MPa, and multiple barrier structures further enhance the chassis’ rigidity, making it virtually impervious.

Moreover, the CATL Bedrock Chassis incorporates an ultra-safe battery cell design, NP technology, and a high-ductility energy-absorbing insulation film, leading the industry in a groundbreaking manner. In terms of high-voltage disconnection, it achieves instantaneous disconnection of high voltage circuit within 0.01 seconds of impact and completes the discharge of residual high-voltage energy in the vehicle within 0.2 seconds, setting a new industry record.

Notably, the battery cells have undergone highly demanding tests, including high-speed sled impact tests at 60 km/h, 90-degree bending tests, and breakthrough sawing tests, the battery did not catch fire or explode across all three tests. These tests, all industry-firsts by CATL, have elevated the safety standards of battery cells to new heights.

Unlocking the era of customization, and activating a trillion-yuan market

The launch of the Bedrock Chassis not only redefines the standard for intelligent chassis safety but also activates a trillion-yuan market. It greatly accelerates the shift towards modular, personalized, and intelligent automotive design.

Addressing the common pain points of high investment, long development cycles, and accelerated product iteration in the industry, the Bedrock Chassis incorporates three core characteristics: internal integration, decoupling of the chassis from the upper body, and external openness. With a rich array of toolkits and solution packages, it offers a scalable software and hardware architecture and standardized interfaces, enabling flexible configurations for different vehicle models and scenarios. This allows the realization of a “one chassis architecture, multiple vehicle models” concept and significantly improves development efficiency and shortens the R&D cycle. The time required for mass production of a vehicle is reduced from the traditional 36 months or longer to 12 to 18 months.

Furthermore, the Bedrock Chassis breaks the limits of safety and modeling, and expands design flexibility through the design of decoupling of the chassis from the upper body. The fourth-generation Cell-to-Chassis (CTC) technology and inverted battery cell technology enhance the utilization of chassis space while reducing the risk of chassis scraping. Additionally, in terms of intelligence, the chassis supports mechanical decoupling, software decoupling and EE decoupling, enabling L3 to L4 intelligent driving capabilities. It provides high adaptability interfaces and promotes collaborative intelligent applications.

At the launch ceremony, AVATR, the first automaker to use Bedrock Chassis, and CAIT-SH, CATL’s skateboard chassis arm, signed an agreement to deepen cooperation on CATL’s Bedrock Chassis to create a safer, higher-quality travel experience for users.

Safety is a never-ending journey. In the future, CATL will continue to break technological barriers through continuous innovation, and work with partners to build a safe ecosystem for EV batteries and vehicles, safeguarding the safety of users.

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SOURCE Contemporary Amperex Technology Co., Limited (CATL)

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