Overview and Scope
The in-ceiling speaker is a circular-shaped speaker often designed to nestle into ceilings. It generally consists of a speaker with a flush-fitting grille, ports for speaker cables and primary power, and so on. It enhances a home’s audio system, which can be used for various applications, such as home theater.
Sizing and Forecast
The in-ceiling speaker market size has grown strongly in recent years. It will grow from $5.94 billion in 2023 to $6.42 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to rise of home entertainment systems, architectural integration in residential spaces, commercial and hospitality installations, demand for multi-room audio solutions, customization and interior design trends.
The in-ceiling speaker market size is expected to see strong growth in the next few years. It will grow to $8.54 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to smart home integration, increased emphasis on wellness spaces, expansion of commercial installations, architectural trends in commercial buildings. Major trends in the forecast period include incorporation of dolby atmos and surround sound, increased focus on energy efficiency, wireless connectivity standards, custom installation services.
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Segmentation & Regional Insights
The in-ceiling speaker market covered in this report 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 market in 2023. The regions covered in the in-ceiling speaker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growth in the film industry is expected to propel the growth of the in-ceiling speaker market going forward. The film industry encompasses all individuals in filming motion films, television programs, documentaries, and advertisements on film, tape, or digital format. In-celling speakers with the ultimate Dolby Atmos cinema system offer better and more realistic sound experiences during movies by replicating sounds above and below the listeners. For instance, according to The Numbers, a US-based company that provides detailed movie financial analysis, including box office, DVD, and Blu-ray sales reports, and release schedules, the total number of tickets sold in the US domestic market increased from 711.80 million in 2022 to 881.80 million in 2023. Further, total domestic box office collections increased from $7,426.00 million in 2022 to $9,214.89 million in 2023. Therefore, growth in the film industry is driving growth of the in-ceiling speaker market.
Key Industry Players
Major companies operating in the in-ceiling speaker market report are Robert Bosch GmbH, JBL Inc., Bose Corporation, Sonos Inc., Leviton Manufacturing Co. Inc., Bowers & Wilkins, Yamaha Corporation, KEF international, Klipsch Audio Technologies, Focal-JMlab, Dynaudio A/S, Russound/FMP Inc., Monitor Audio Ltd., Niles Audio Corporation, Monoprice Inc., Sonance, Cambridge Audio, MartinLogan, Polk Audio, Q Acoustics Limited, Definitive Technology, Bogen Corporation, Highland Technologies Ltd., OSD Audio, Dayton Audio, Pyle Audio, Elac Americas Inc., Acoustic Audio by Goldwood, Krix, Tannoy.
The in-ceiling speaker market report table of contents includes:
1. Executive Summary
2. In-Ceiling Speaker Market Characteristics
3. In-Ceiling Speaker Market Trends And Strategies
4. In-Ceiling Speaker Market – Macro Economic Scenario
5. Global In-Ceiling Speaker Market Size and Growth
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31. In-Ceiling Speaker Market Other Major And Innovative Companies
32. Global In-Ceiling Speaker Market Competitive Benchmarking
33. Global In-Ceiling Speaker Market Competitive Dashboard
34. Key Mergers And Acquisitions In The In-Ceiling Speaker Market
35. In-Ceiling Speaker Market Future Outlook and Potential Analysis
36.Appendix
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