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The United Kingdom speaker market reached approximately USD 1.17 billion in 2023. The market is projected to grow at a CAGR of 3.40% between 2024 and 2032, reaching a value of around USD 1.58 billion by 2032.
The market is geared towards substantial growth due to various factors such as growing demand for exceptional audio quality, design customization, and technological progress. The convergence of home entertainment systems and streaming platforms is another factor aiding market growth.
Moreover, professional gaming has found a massive player base in the United Kingdom with half of the population identifying as gamers. This has generated a requirement for speakers with powerful bass and sound quality for a captivating and realistic experience, and compatibility with gaming consoles and PCs for high performance. For example, LG UltraGear GP9, Logitech Z407, and Creative Sound Blaster Katana V2 among others.
The integration of smart speakers and smart home devices has made lives easier by providing more control to consumers over their surroundings. Advanced features such as voice recognition, AI-powered assistance, personal organization, and multi-room connectivity have been deployed by market players to expand the market. For instance, smart speakers like Sonos One, Google Nest Audio, and Amazon Echo have gained prominence in the region.
Also, fierce competition between key players and emerging brands has propelled competitive pricing and constant innovation to incorporate eco-friendly materials into product design. For example, Sonos’ Era 100, Era 300, and Move 2 smart speakers are built with recyclable materials reflecting the company’s commitment to sustainability.
“United Kingdom Speaker Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Region
The market is mainly bifurcated into wired and wireless speakers, based on type. Wireless speakers are gaining traction due to consumers’ preference for portability, aesthetically appealing design, broad compatibility with Bluetooth devices, and cable-free listening. They have established their position in terms of market share along with wired speakers with a well-established reputation owing to superior sound quality, and a stable connection without network issues.
The market players are developing new technologies to meet consumer demands and sustainability commitments.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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*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.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
In 2023, the market reached an approximate value of USD 1.17 billion.
The United Kingdom speaker market is estimated to grow at a CAGR of 3.40% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 1.58 billion by 2032.
The market is driven by surging investments in R&D activities by key players, increasing demand for premium audio quality, constant developments in technology, and growth of gaming sector.
The key trends aiding the market are the rise of smart speakers, integration of streaming services, and the demand for sustainable and eco-friendly products.
Based on type, market segmentations include wired speakers and wireless speakers.
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, among others.
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