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In-Ceiling Speaker Global Market 2024 - By Share, Growth Trends, Business Opportunities, Strategies, Top Companies, End User Analysis And Forecast To 2033
In-Ceiling Speaker Global Market
As per the report, the in-ceiling speaker market size has grown strongly in recent years. It will grow from $5.94 billion in 2023 to $6.42 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The in-ceiling speaker market size is expected to see strong growth in the next few years. It will grow to $8.54 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Exploring The Surge In In-Ceiling Speaker Demand Amid Film Industry Boom
Growth in the film industry is expected to propel the growth of the in-ceiling speaker market going forward. The film industry encompasses all individuals in filming motion films, television programs, documentaries, and advertisements on film, tape, or digital format. In-celling speakers with the ultimate Dolby Atmos cinema system offer better and more realistic sound experiences during movies by replicating sounds above and below the listeners. For instance, according to The Numbers, a US-based company that provides detailed movie financial analysis, including box office, DVD, and Blu-ray sales reports, and release schedules, the total number of tickets sold in the US domestic market increased from 711.80 million in 2022 to 881.80 million in 2023. Further, total domestic box office collections increased from $7,426.00 million in 2022 to $9,214.89 million in 2023. Therefore, growth in the film industry is driving growth of the in-ceiling speaker market.
The Cutting Edge Of In-Ceiling Speaker Innovation Unveiled
Product innovations are a key trend gaining popularity in the in-ceiling speaker market. Major companies operating in the in-ceiling speaker market are focused on innovating new products to sustain their position in the market. For instance, in April 2021, Lithe Audio, a UK-based manufacturer of wireless ceiling speakers, launched a new WiSA (Wireless Speaker & Audio) Certified Pro Series in-ceiling speaker. When combined with speakers from WiSA member brands, the Lithe Audio Pro Series brings a new era of convenience to the creation of Dolby Atmos home theater systems. This is made possible by including the most recent chipsets for PoE++ and the expanding category of WiSA interoperability. The Pro Series in-ceiling speaker incorporates the most recent chipsets for PoE++ and the expanding WiSA interoperability category to enable its performance and integration capabilities.
The in-ceiling speaker market covered in this report is segmented -
1) By Type: Active, Passive
2) By Connection: Wired, Wireless
3) By Technology: Mono, Stereo, Surround
4) By Application: Residential, Commercial, Institutional, Hospitality
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Major companies operating in the in-ceiling speaker market report are Robert Bosch GmbH, JBL Inc., Bose Corporation, Sonos Inc., Leviton Manufacturing Co. Inc.,Bowers & Wilkins, Yamaha Corporation, KEF international, Klipsch Audio Technologies, Focal-JMlab, Dynaudio A/S, Russound/FMP Inc., Monitor Audio Ltd., Niles Audio Corporation, Monoprice Inc., Sonance, Cambridge Audio, MartinLogan, Polk Audio, Q Acoustics Limited, Definitive Technology, Bogen Corporation, Highland Technologies Ltd., OSD Audio, Dayton Audio, Pyle Audio, Elac Americas Inc., Acoustic Audio by Goldwood, Krix, Tannoy.
Contents of the report:
1. Executive Summary
2. In-Ceiling Speaker Market Report Structure
3. In-Ceiling Speaker Market Trends And Strategies
4. In-Ceiling Speaker Market - Macro Economic Scenario
5. In-Ceiling Speaker Market Size And Growth
…..
27. In-Ceiling Speaker Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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