The LG XBoom AI ThinQ WK7 is a voice-controlled, AI-powered speaker with Meridian Sound and integrated Google Assistant. No batteries required. It uses Bluetooth technology and can connect to other Chromecast or Chromecast audio devices, soundbars and Chromecast built-in wireless speakers. The global speaker driver market size is projected to grow from $22.35 billion in 2021 to $23.75 billion in 2022, at a compound annual growth rate (CAGR) of 6.7%. The speaker driver market growth is expected to reach US$31.1 billion in 2026 with a CAGR of 7%.
The integration of artificial intelligence in speaker drivers and smart speakers is gaining popularity among the trends in the speaker driver market. Integrated artificial intelligence (AI) chipsets used for smart speaker types provide voice control, audio quality, and longer battery life. An advantage of artificial intelligence (AI) is that the speaker acquires additional skills over time as the AI ​​assistant learns new skills. It learns through experience, so the more you use it, the smarter it gets. You can build a home theater setup with big speakers and a soundbar, or connect your home media to his server.
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Rapid expansion and commercialization of 5G networks is a factor projected to fuel speaker driver market growth, since a high-speed network allows customers to view uninterrupted, high-quality material, necessitating the need for high-quality audio output systems. With ultra-reliable, accessible, small-latency networks, 5G can allow new customer services that can alter sectors, such as remote control of key infrastructure, automobiles, and medical operations. Furthermore, smart speakers are gaining appeal in the tourism and hospitality industries since they can be used to deliver travel updates, phone reception, manage room lighting, and check in and out, among other things.
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Rapid 5G Network Expansion And Commercialization Is Driving Speaker Driver Market Growth
Noise causes psychological stress, which has a detrimental impact on mental health and can result in sadness and anxiety. It also contributes to health problems like heart and circulation difficulties, as well as a weakened immune system, which reduces the body`s ability to fight infections. Loudspeaker noise can also negatively affect a child’s development and learning ability. Constant noise exposure disrupts the body’s natural rhythms, leading to sluggishness, poor concentration, irritability, and depression.
The Negative Health Impacts Of Speaker Drivers Are Expected To Restrain Speaker Driver Market Growth