Acoustic Diaphragm Market is Likely to Experience a Strong Growth During 2021-2026
Acoustic Diaphragm Market is likely to witness an impressive CAGR of 8.0% during the forecast period.
Feb 07, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Acoustic Diaphragm Market.
It was estimated prior to this unanticipated outbreak that the Acoustic Diaphragm Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Growing electronic industry, specifically consumer electronics, and increasing disposable income in emerging economies are some of the major factors fueling the acoustic diaphragm market during the forecast period.
Acoustic diaphragm is basically a transducer which is used to convert mechanical vibrations to sounds or vice versa, and it also possesses excellent physical characteristics in terms of internal loss, strength, elastic modulus, and density.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the material type, the market is segmented as paper, wood, polypropylene, polycarbonate, polyester, polyamide, polyether ether ketone, and others. Paper diaphragm is estimated to account for the largest share of the market during the forecast period owing to easy availability and low-cost as compared to its counterparts. These are thin and can be easily modified and also offer various features such as excellent moisture resistance and acoustic characteristics, making them highly suitable for loudspeakers and microphones.
On the other hand, polycarbonate is projected to witness significant growth rate in the market during the forecast period. These polycarbonate materials are commercially available and offer various features, such as proper flexibility & rigidity, sound wave propagation, acceptable heat dissipation, fulfilling all the requirements for a good acoustic diaphragm, eventually boosting the segment’s growth over the forecast period.
Based on the end-user type, the market is segmented as earphone & headphone, loudspeakers & AI, microphone, and others. The microphone segment accounted for the major part of share in 2020 and is estimated to witness significant growth rate in the market. Further, increasing sale of smartphones, tablets, and TV sets have accelerated microphone consumption, fueling the market growth during the forecast period. In addition, earphone & headphone is projected to be the fastest-growing segment of the market globally. Also, other factors such as growing adoption of virtual reality in various sectors including education, construction, business, and armed forces mainly for the purpose of training are expected to boost the growth of the acoustic diaphragm market over the forecast period.
In terms of regions, Asia-Pacific is estimated to account for the major share of the market owing to growing electronic industry, increasing disposable income, and growing popularity of advanced microphones in the region during the forecast period. The presence of some key manufacturers of electronic components along with the growing demand for smartphones is another factor bolstering the growth of the regional market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Acoustic Diaphragm market are-
Foster Electric Company, Limited
Loudspeaker Components, L.L.C.
Mica Manufacturing Company Pvt. Ltd.
Vansonic Enterprise Co., Ltd.
VOZ Electonic Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Acoustic Diaphragm analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors
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