According to the recent study the piezoelectric speaker market is projected to reach an estimated $717.9 million by 2028 from $525 million in 2023, at a CAGR of 6.5% from 2023 to 2028. Growth in this market is primarily driven by shifting preference of consumers from convention speakers towards piezoelectric speakers owing to their resistance to overloads that would typically eliminate conventional high frequency drivers and wide utilisation of these speakers because of their electrical properties, which allow them to function without a crossover.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
piezoelectric speaker market by product type (active piezo and passive piezo),
application (automotive electronics, alarm, toy, timer, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
“Active piezo market is expected to remain the largest segment
during the forecast period.”
Based on product type,
the piezoelectric speaker market is segmented into active piezo and passive
piezo. Lucintel forecasts that the active piezo market is expected to remain
the largest segment due to its extensive use in sensors, actuators, and
vibration because of their capability to transform mechanical energy into
electrical energy.
“Within the piezoelectric speaker market, the alarm segment is
expected to remain the largest application.”
Based on application the
alarm segment is expected to witness the highest growth over the forecast
period due to the significant use of these speakers to provide sound in electrical
products like digital quartz watches.
“North America will dominate the piezoelectric speaker market in
near future.”
North America will
remain the largest region due to the huge demand for electronic gadgets, and
continuous technological advancement in the region.
Major players of
piezoelectric speaker market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. TDK,
Hokuriku Electric Industry, Murata, Kingstate Electronics, and Sonitron are
among the major piezoelectric speaker providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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