Acoustic Diaphragm Market Size & Share 2023

1. Acoustic Diaphragm Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2032

2. Global Acoustic Diaphragm Market is set to witness substantial growth between 2023 and 2032, primarily owing to the increasing demand for microphones worldwide. According to credible reports, a large number of Americas, who used wireless microphones, had to reconfigure their systems around July 2020 to adhere to the new federal laws, which resulted in a surge in the demand for microphones. • Intense R&D studies in the space would as well foster the market progression over the coming years. For instance, researchers at POSTECH announced the development of a skin-attachable microphone sensor that detects voices even in extreme noisy surroundings. The sensor is embedded with acoustic diaphragm that enables it to detect the neck-skin vibration generated when a person speaks. • In addition, key market providers are also gaining a better foothold in the space by developing their existing portfolios and entering meaningful acquisitions, mergers, and joint ventures. To cite an instance, in January 2023, Apple launched its new HomePod, a smart speaker that can provide cutting-edge acoustics in an iconic design. As per sources, the HomePod is laced with Siri intelligence and Apple innovations, and lets users enjoy advanced computational audio for an innovative listening experience, such as supporting immersive Spatial Audio tracks. • Overall, the acoustic diaphragm market has been segmented in terms of material, end-user, and region.

3. Based on material, the global acoustic diaphragm market is likely to be characterized by the wood segment, which will grow at 4% CAGR through 2032. Wood cones produce lesser resonant points owing to the grain, which results in improved frequency response end enhanced sound quality. • On the basis of end users, the microphone segment is set to witness expansion in the next ten years. The segmental growth will be characterized by the increasing sales of smartphones, tablets, and television sets across the world. As per the GSMA report, the mobile penetration rate in 2021 was approximately over 65%. Moreover, the report predicts the global smartphone subscription to increase to 70% by 2025 end. • In the regional context, the acoustic diaphragm market in Europe is anticipated to grow at more than 5.5% CAGR within the next decade. Europe boasts of huge technological infrastructure and the production of AI speakers, earphones, and smartphones are also increasing rapidly in EU economies, which will boost the market by 2032. • Besides, favorable initiatives by organizations such as the European Union will also drive the demand for acoustic diaphragms during 2023-2032. For instance, in October 2022, the EU parliament passed a law, under which all tablets, smartphones, and cameras were mandated to have a single standard USB Type-C charging port from the end of 2024.

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