The rising inclusion of IoT integrated audio-visual technologies within professional audio-video equipment, as well as the rising demands for professional audio devices across corporate and educational institutions, are driving the expansion of the audio transducer market
COVID-19 Impact & Market Status
COVID-19 has influenced a variety of sectors. In additional to this impact, the COVID Pandemic has offered a few more economic opportunities for Audio Transducers. The outbreak has altered the competition and market dynamics in general. All of these disturbances and repercussions are quantified in this study, that is backed up by industry trends, occurrences, or revenue shift studies. The COVID impact research also includes strategic changes for Rank 1, 2, and Three players.
The technical and commercial business prospects of the Audio Transducer market is examined in this professional and expertise-oriented industry research report. The research report complements quantitative data and comprehensive qualitative data that studies a wide range of market scenarios. The reasons that wholly or partly drive or limit the Audio Transducer industry are illustrated in the report using growth drivers, limits, problems, and chances, among other impacting aspects.
The study delves into the market's main drivers in great depth. The study goes into great detail on the factors contributing to the growth of Global Audio Transducers & Buzzers Market, along with technological advancements. The research also looks at the market's current limits, which are limiting expansion, and also the prospective consequences. The study discusses the impact of rising consumer demand as well as economic growth.
There is a competitive landscape for Audio Transducers & Buzzers that provides data on each competition. The information offered includes a corporate overview, financials, money made, market potential, R&d, emerging market initiatives, geographical presence, company weaknesses and strengths, product release, product width and breadth, as well as application domain. The given data is limited to the companies' focus on the marketplace for Audio Transducers & Buzzers.
Piezoelectric Segment Is Opening Up Varied Opportunities For Manufacturers
The global transducer market is classified into Piezoelectric, and Magnetoelectric on the basis of type. The Piezoelectric audio transducer type is in more demand and accounted for largest market share. The key factors such as better heat dissipation, lower power compression, greater dynamic range, lower non-liner distortion, better sensitivity, higher bandwidth, greater pattern control benefits have increased its demand in the electronics industry.
The Passenger Vehicle Segment Kept On Playing A Highly Active Role In 2021 In The Market
The global transducer market is classified into Passenger Vehicle and Commercial Vehicle on the basis of application. The Passenger Vehicle segment kept on playing a highly active role in gathering highest sales revenue due to high demand in the sector for audio transducers. The better sensitivity, higher bandwidth, greater pattern control, lower harmonic and inter-modulation distortion encourage further adoption of audio transducers in passenger vehicle segment.
Digital Audio Transducers Segment Successfully Rode Out The COVID-19 Storm
The global transducer market is classified into Digital and Analog on the basis of Format. Among these, the digital audio transducers segment successfully rode out the COVID-19 storm and is experiencing rapid growth as the market reopens and gains momentum. Digital transducers support absolute accuracy and discrimination, and have a high level immunity to external disturbances. Moreover, it gives simplified data presentation. Thus, the digital transducers is experiencing rapid demand in the global audio transducers market.
North America Held a Dominant Position in Global Transducer Market
North America is likely to hold a majority of market share. The substantial investment suggests a well-developed and efficient use of sensors on various fronts in order to get a major technological or intelligence advantage over competitors. The United States' healthcare, defence, industrial, consumer devices, and telecommunications costs remain among highest in the world. The availability of a robust environment that enables the rapid adoption of technology inside the region has also aided the market. For example, IIOT adoption in the region has been rapid, thanks to early adopters of wireless technology, smart devices, and factory automation, as well as the infrastructure required to maximise the utility of acoustic sensors. Vendors in the area are expected to benefit from the development of improved sound sensors. Emerging fields such as driverless vehicles are projected to fuel demand for sound detectors in the region.
Owing to benefits such as better heat dissipation, lower power compression, greater dynamic range, lower non-liner distortion, better sensitivity, higher bandwidth, greater pattern control, lower harmonic and inter-modulation distortion, the audio transducer is experiencing rapid adoption thus fostering remarkable progress in global audio transducer market.
The global audio transducer market is estimated to grow at a CAGR of 4.2 percent worth USD 9.5 billion in 2029.
Audio transducer is a device that converts noise into an electrical impulse, like a microphone, and output controllers convert the electrical impulses back into sound, like a loudspeaker.
A sound module senses any parameter to just be measured together into signal that may be displayed, recorded, stored, and used to control another quantity, and it is used to measure and detect the signal's strength regardless of the environment. Sound detectors will be used to monitor sound levels across a broad frequency spectrum. They can be used to identify weak signals, broadband indicators, pipeline breaches, and trace sound sources.
The factors such as technology trends in audio engineering, manufacturers focusing on creating inexpensive smartphones, rapid growth in adoption of video conferencing apps, growing demand for IP based communication are key forces propelling the global audio transducer market.
Audio transducers are mostly used in passenger cars and trucks, with trucks accounting for further than half of the company in 2022.
However, audio transducers require higher memory size, inaccuracy in voice recognition software, increasing costs of microphone, limited coverage range, limited operation time due to lesser battery life, requirement of hardware are certain factors hampering the global audio transducers market.
Furthermore, manufacturers coming up with audio transducers having improved audio recording capabilities, products coming up in the market that allow multichannel audio recording via internal microphone, increasing study in scientific research, emerging commercial applications along with rising technology and applications for augmented or virtual reality are these key trends altogether anticipated to be a growth opportunity to the global audio transducer market.
The key industry players n global transducer market are Murata, TDK, DB Unlimited, CUI Device, Huayu Electronics, Ariose Electronics, HS TechVIC, Hitpoint, and Mallory Sonalert among others.
Latest Developments In Global Audio Transducer Market: A Snapshot
- SENNHEISER introduced the SK 6212 mini-bodypack transmitters as part of their Digital 6000 wireless microphone range in February 2019. This compact, spectrum-efficient mini-transmitter delivers dependable digital transmission and high-fidelity audio. It's made for multi-channel speech enhancement in broadcasting, theatre, and live audio. This emitter is also suitable for use in corporate, educational, and presentation settings. Bose Professional introduced DesignMax loudspeakers in February 2019, which provide the versatility and flair needed to deliver exceptional audio and aesthetics in any commercial venue.
- In May 2019, HARMAN Professionals announced a collaboration with SoundHound Inc, a pioneer in audio AI and conversational technologies such as ai, to bring voice-enabled solutions to the hotel industry.
Audio Transducer Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 9.5 billion.|
|Growth Rate||CAGR of 4.2% during 2021-2028|
|Segment Covered||Type, Application, Format, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Murata, TDK, DB Unlimited, CUI Device, Huayu Electronics, Ariose Electronics, HS TechVIC, Hitpoint, and Mallory Sonalert & among others.|
Key Segments of Global Audio Transducer Market
Type Overview, 2019-2029 (USD Billion)
Application Overview, 2019-2029 (USD Billion)
- Passenger Vehicle
- Commercial Vehicle
Format Overview, 2019-2029 (USD Billion)
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa