Market Size of Speaker Industry In Tablets
Study Period | 2019 - 2029 |
Market Size (2024) | USD 572.82 Million |
Market Size (2029) | USD 503.67 Million |
CAGR (2024 - 2029) | -2.54 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Tablet Devices Speaker Market Analysis
The Speaker Market In Tablets Industry is expected to decline from USD 572.82 million in 2024 to USD 503.67 million by 2029.
Most tablets have inbuilt speakers. External speakers can also be used to enhance the audio experience.
- The market sizing encompasses the revenue generated through the sales of speakers for tablets in different regions. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period.
- As per the Consumer Technology Association (CTA), computing products, such as tablets and laptops, were the most highly sought-after devices throughout the COVID-19 pandemic. Additionally, according to the organization, tablets could help fill computing needs when laptops were hard to find, besides serving as an entertainment tool for children and adults alike.
- With the continuous rise in the number of COVID-19 cases in many regions, many sectors persist with hybrid or remote work. This trend continues to fuel the adoption of tablets for work, e-learning, and content consumption. This is, in turn, increasing the demand for tablet speakers.
- Most major tablet manufacturers' shipments declined in all three quarters of 2022 due to rising inflation. This had a direct negative impact on the demand for speakers incorporated into these devices. For instance, in the third quarter of Apple's financial year 2022, iPad sales generated around USD 7.22 billion in revenue, down from USD 7.37 billion registered in the same quarter of 2021.
- The consumer electronics industry faced a heavy headwind due to the outbreak of COVID-19 across the world. China, the epicenter of COVID-19, was hit hard by the spread of the virus. At the onset of the pandemic, several major economies, including the United States, South Korea, Japan, and Italy, including their consumer electronics industries, were under threat from the COVID-19 outbreak. Retail shops and showrooms of major brands, supermarkets, and hypermarkets were shut down for a definite period, affecting sales of various consumer electronics products, including tablets. For instance, Samsung shut down all stores in the United States and Canada in May 2020 to check the spread of the virus.
Tablet Devices Speaker Industry Segmentation
Transducers that convert electrical signals into sound are called micro speakers. They are used in different consumer electronics as well as for other applications.
The market study considers the micro speakers used in the production of tablets, including both legacy micro speakers and MEMS micro speakers used in tablets.
By Geography | |
North America | |
Europe | |
Asia Pacific | |
Rest of the World |
Speaker Market In Tablets Size Summary
The tablet devices speaker market is experiencing a shift in demand dynamics, influenced by the evolving role of tablets in both personal and professional settings. Initially, the market saw a surge in interest due to the COVID-19 pandemic, which positioned tablets as essential tools for remote work, e-learning, and entertainment. This increased reliance on tablets, coupled with their growing capabilities for creativity and productivity, has driven a parallel demand for high-quality speakers to enhance audio experiences. Despite this initial growth, the market is projected to face challenges, including declining shipments from major tablet manufacturers and rising inflation, which have impacted the demand for integrated speakers. However, the introduction of new tablet models with advanced features continues to stimulate market interest, particularly in regions like Asia-Pacific.
The competitive landscape of the tablet devices speaker market is characterized by the presence of established manufacturers and ongoing technological advancements. Companies are actively launching new tablet models with enhanced audio capabilities, aiming to capture a larger market share. The demand for speakers is expected to grow in tandem with the increasing adoption of tablets across various sectors, including education and corporate environments. Additionally, the market is witnessing a rise in audio streaming, further fueling the need for superior speaker systems. As manufacturers continue to innovate and expand their product offerings, the competitive rivalry is anticipated to intensify, shaping the market's trajectory over the forecast period.
Speaker Market In Tablets Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Impact of COVID-19 on The Market
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitutes
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1.3.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 By Geography
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2.1.1 North America
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2.1.2 Europe
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2.1.3 Asia Pacific
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2.1.4 Rest of the World
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Speaker Market In Tablets Market Size FAQs
What is the current Tablet's Speaker Market size?
In 2024, the Tablet's Speaker Market size is expected to reach USD 572.82 million.
Who are the key players in Tablet's Speaker Market?
AAC Technologies Holdings Inc., Audio Pixels Limited, Pui Audio Inc., Goertek inc. and Fortune Grand Technology Inc. are the major companies operating in the Tablet's Speaker Market.