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Report Overview
The speaker market in North America reached approximately USD 11.10 Billion in 2024. The market is projected to grow at a CAGR of 6.20% between 2025 and 2034, reaching a value of around USD 20.26 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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As per the industry reports, 60.4 million US households used smart home devices in 2023, offering a lucrative landscape for smart speakers.
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New vehicle sales in the United States witnessed an increase of around 5 per cent from January to March 2024, contributing to the growth of in-vehicle speaker demand and boosting the North America speaker market value.
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Sonos, an American audio equipment provider, announced the launch of an 8-inch in-ceiling speaker in January 2024, in partnership with Sonance. This speaker is renowned for its superior bass quality and wide sound coverage capabilities.
North America Speaker Market Share
Based on application, the market is divided into consumer electronics, professional audio, and automotive, among others. The consumer electronics sector occupies a substantial market share due to the rising sales of home audio systems and portable speakers, among others. The speaker share in North America is further boosted due to the incorporation of smart speakers featuring voice assistants like Amazon Alexa, Google Assistant, and Apple Siri as these devices are not only used for playing music but also for controlling smart home gadgets.
North America Speaker Market Report Snapshots
North America Speaker Market Size
North America Speaker Market Growth
North America Speaker Market Trends
North America Speaker Market Share
North America Speaker Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 11.10 Billion.
The market is estimated to grow at a CAGR of 6.20% between 2025 and 2034.
The North America speaker market is estimated to witness a healthy growth during 2025-2034 to reach around USD 20.26 Billion by 2034.
The market is being driven due to growing deployment of smart home systems, rising demand for high-resolution audio, and the burgeoning popularity of wireless speakers.
The key trends aiding the market include the incorporation of modular speaker designs, the expansion of the e-commerce sector, and the development of high-audio-resolution speakers.
Countries considered in the market are the United States and Canada.
Based on type, market segmentations include wired speaker and wireless speaker.
Various applications are consumer electronics, professional audio, and automotive, among others.
The major players in the market are Sony Corporation, Samsung Electronics Co. Ltd., Bose Corporation, Sonos, Inc., LG Corporation, Panasonic Holdings Corporation, Apple, Inc., Amazon.com Inc., Alphabet Inc., and Marshall Group AB, among others.
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