The global buzzer market size was valued at USD 697.01 Million in 2022 and is projected to reach USD 1138.19 Million by 2031, expanding at a CAGR of 5.6% during the forecast period, 2023–2031. owing to modernization, changing consumer lifestyles, and increased use in cars and smart electronics. The compatibility of magnetic and piezo buzzers with IoT technologies is driving their acceptance in current cars and electric vehicles. They have applications in smart devices such as earbuds and wearable in consumer electronics. On a general scale, the global buzzer market is driven by Industry 4.0, the growth of the automotive industry, and the inclusion of IoT and AI for connection and integration. The evolving customer preference for smart gadgets also boosts the market.
The Covid-19 pandemic affected the demand and supply of global buzzer market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Buzzer Market Trends, Drivers, Restraints, and Opportunities
-
The growing usage of patch buzzers in various vehicle applications is one of the main factors driving the global patch buzzer market.
-
Smart gadgets have a patch buzzer that generates an alarm or notification sound, which is helpful for determining the completion of an instruction or task, which is estimated to fuel the market.
-
Growing popularity and acceptance of smart electronic devices throughout the world, the demand for patch buzzer devices is expected to rise considerably over the forecast period.
-
With the increased usage of technologically advanced medical devices in different medical applications, patch buzzer manufacturers are concentrating on boosting patch buzzer device manufacturing.
-
Wireless piezo and magnetic buzzers is used in historic palaces, tourist attractions, monuments, museums, and other brick, stone, or marble constructions.
-
Smart locks, smart lighting, and smart thermostats, for example, all sync with wireless buzzers, allowing for simple monitoring and remote management through an app, email notifications, or text alerts.
Scope of Buzzer Market Report
The report buzzer market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Buzzer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016 & 2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Product Types (Piezo Buzzers and Magnetic Buzzer) Applications (Automotive Electronics, Home Appliances, Consumer Goods, Industrial Electronics, and Others)
|
|
Regional Scope
|
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
|
|
Report Coverage
|
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
|
|
Key Players Covered in the Report
|
Murata Manufacturing, TDK Corporation, Kingstate Electronics, DB Products, PUI Audio, CUI Inc., Hunsten Electronics, Ariose Electronics
|
The Global Buzzer Market Segmentation Insights
The piezo buzzers segment is anticipated to dominate the market
Based on product types, the market is bifurcated into piezo and magnetic buzzers. The piezo electric buzzers segment is anticipated to dominate the global buzzers market. Piezoelectric buzzers have a 70 –73 percent global share value, with demand driven largely by the features that make them appropriate for use in medical devices, warning devices, pressure sensors, sonar equipment, car electronics, and computer systems.
The consumer electronics segment is estimated to grow significantly during the forecast period
On the basis of applications, the market segregated into automotive electronics, home appliances, consumer goods, industrial electronics, and others. The consumer electronics segment is anticipated to grow significantly during the forecast period. Factors such as rapid advancements in wireless technology, along with advancements in manufacturing methods and price reductions at greater quantities, are projected to drive the market. IoT-enabled loudspeakers and microphones have improved their conventional function of detecting and generating sounds. Because of their significantly improved IoT signal carriers, they are widely used in the production of small consumer durables.
Asia Pacific is anticipated to dominate the market
In terms of regions, the global buzzer market is classified as North America, Europe, Latin America, Asia Pacific and Middle East & Africa. Asia-Pacific dominates the worldwide buzzer market, owing largely to its dominance in semiconductor components and equipment manufacture. Parallel to this, the area has seen massive expansion in the automotive and industrial sectors, with broad adoption of electric cars, Industry 4.0, and a variety of other technical breakthroughs.
Segments
By Product Types
- Piezo Buzzers
- Magnetic Buzzer
By Applications
- Automotive Electronics
- Home Appliances
- Consumer Goods
- Industrial Electronics
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Murata Manufacturing
- TDK Corporation
- Kingstate Electronics
- DB Products
- PUI Audio
- CUI Inc.
- Hunsten Electronics
- Ariose Electronics
Competitive Landscape
The key players in the buzzer market include Murata Manufacturing, TDK Corporation, Kingstate Electronics, DB Products, PUI Audio, CUI Inc., Hunsten Electronics, Ariose Electronics. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
Request For Customization
Enquiry Before Buying
Speak With Analyst
