The In-Ceiling Speaker Global Market Report 2023, provides comprehensive information on the in-ceiling speaker market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s In-Ceiling Speaker Global Market Report 2023, the market is expected to grow from $5.48 billion in 2022 to $5.94 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The in-ceiling speaker market is expected to reach $7.94 billion in 2027 at a CAGR of 7.5%.
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Product innovations are a key trend gaining popularity in the in-ceiling speaker market. Major companies operating in the in-ceiling speaker market are focused on innovating new products to sustain their position in the market. For instance, in April 2021, Lithe Audio, a UK-based manufacturer of wireless ceiling speakers, launched a new WiSA (Wireless Speaker & Audio) Certified Pro Series in-ceiling speaker. When combined with speakers from WiSA member brands, the Lithe Audio Pro Series brings a new era of convenience to the creation of Dolby Atmos home theater systems. This is made possible by including the most recent chipsets for PoE++ and the expanding category of WiSA interoperability. The Pro Series in-ceiling speaker incorporates the most recent chipsets for PoE++ and the expanding WiSA interoperability category to enable its performance and integration capabilities.
The in-ceiling speaker market is segmented:
1) By Type: Active, Passive
2) By Connection: Wired, Wireless
3) By Technology: Mono, Stereo, Surround
4) By Application: Residential, Commercial, Institutional, Hospitality
North America was the largest region in the in-ceiling speaker market in 2022.
The table of contents in TBRC’s in-ceiling speaker market report includes:
- Executive Summary
- In-Ceiling Speaker Market Characteristics
- In-Ceiling Speaker Market Trends And Strategies
- In-Ceiling Speaker Market – Macro Economic Scenario
- Global In-Ceiling Speaker Market Size and Growth
.
- Global In-Ceiling Speaker Market Competitive Benchmarking
- Global In-Ceiling Speaker Market Competitive Dashboard
- Key Mergers And Acquisitions In The In-Ceiling Speaker Market
- In-Ceiling Speaker Market Future Outlook and Potential Analysis
- Appendix
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