Speaker Market Insights:
The global speaker market is undergoing a massive transformation, driven by advancements in audio technology and the increasing integration of smart features. Valued at USD 157.36 billion in 2024, the market is projected to expand to USD 2433.48 billion by 2034, growing at a compound annual growth rate (CAGR) of 31.5% from 2025 to 2034. This remarkable growth is fueled by the rising demand for smart speakers with virtual assistants and the adoption of high-resolution audio and immersive sound formats.
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