Speakers market revenue in the Philippines 2023, by segment

Data provided by Statista Market Insights are estimates.

Definition:

Speakers are devices that convert electrical signals into sound waves. Stereo speakers are typically used for music listening, home theater systems, and computer audio, among other applications. The two speakers in a stereo system are placed in different locations to create a sense of spatial separation and create a more immersive listening experience. Smart speakers are a type of speaker that are connected to the internet and can be controlled using voice commands. They usually have built-in virtual assistants, such as Amazon Alexa or Google Assistant, that can be used to play music, control smart home devices, set reminders, and perform other tasks.

Additional information:

The market comprises revenue, average revenue per capita, volume, average volume per capita and price. Figures are generated through both online and offline sales channels and include spending by consumers (B2C) and enterprises (B2B). Key players in the market are companies such as Bose, Sennheiser, and Bang & Olufsen. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.