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Global Loudspeakers Market to Reach $8.8 Billion by 2026


Global Loudspeakers Market to Reach $8.8 Billion by 2026
Market prospects for loudspeakers closely follow consumer sentiments and confidence, disposable personal income levels, household debt levels, personal spending patterns especially on durable goods including entertainment products and penetration home audio equipment such as DVD/Blu-Ray players, MP3 players, Home Theater Systems, and PC media centers. Future growth in the market is poised to benefit from the growing use of mobile phones for playing digital music and the ensuing rise in popularity of portable, smartphone and tablet speakers, and docking speakers with wireless/Bluetooth capabilities. Portable speakers and soundbars will magnetize growth, given their primary advantage of high quality sound in a small form factor. Continuous investments in product R&D efforts by manufacturers will also help sustain growth by acting as a catalyst for value added innovation in feature and performance improvement. ....

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