Market Size of Speaker Industry In Tablets
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 572.82 Million |
| Market Size (2029) | USD 503.67 Million |
| CAGR (2024 - 2029) | -2.54 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Tablet Devices Speaker Market Analysis
The Speaker Market In Tablets Industry is expected to decline from USD 572.82 million in 2024 to USD 503.67 million by 2029.
Most tablets have inbuilt speakers. External speakers can also be used to enhance the audio experience.
- The market sizing encompasses the revenue generated through the sales of speakers for tablets in different regions. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period.
- As per the Consumer Technology Association (CTA), computing products, such as tablets and laptops, were the most highly sought-after devices throughout the COVID-19 pandemic. Additionally, according to the organization, tablets could help fill computing needs when laptops were hard to find, besides serving as an entertainment tool for children and adults alike.
- With the continuous rise in the number of COVID-19 cases in many regions, many sectors persist with hybrid or remote work. This trend continues to fuel the adoption of tablets for work, e-learning, and content consumption. This is, in turn, increasing the demand for tablet speakers.
- Most major tablet manufacturers' shipments declined in all three quarters of 2022 due to rising inflation. This had a direct negative impact on the demand for speakers incorporated into these devices. For instance, in the third quarter of Apple's financial year 2022, iPad sales generated around USD 7.22 billion in revenue, down from USD 7.37 billion registered in the same quarter of 2021.
- The consumer electronics industry faced a heavy headwind due to the outbreak of COVID-19 across the world. China, the epicenter of COVID-19, was hit hard by the spread of the virus. At the onset of the pandemic, several major economies, including the United States, South Korea, Japan, and Italy, including their consumer electronics industries, were under threat from the COVID-19 outbreak. Retail shops and showrooms of major brands, supermarkets, and hypermarkets were shut down for a definite period, affecting sales of various consumer electronics products, including tablets. For instance, Samsung shut down all stores in the United States and Canada in May 2020 to check the spread of the virus.
