Explore the booming loudspeaker market, with trends toward intelligence and wireless tech driving growth. Vietnam emerges as a key player with robust infrastructure and export figures exceeding $700 million in 2024. As a production hub, it is poised to dominate the smart speaker niche by 2034.
Vietnamese Loudspeakers Industry
Dublin, July 15, 2025 (GLOBE NEWSWIRE) — The “Vietnam Loudspeakers Industry Research Report 2025-2034” has been added to ResearchAndMarkets.com’s offering.
In recent years, the global loudspeaker market has shown a trend of large scale and sustained rapid growth. According to public data, the global loudspeaker market size will exceed US$5 billion in 2024. According to analysis, the segments of portable Bluetooth loudspeakers, wireless loudspeakers, and smart loudspeakers are growing rapidly. The rapid growth of portable Bluetooth loudspeakers and wireless loudspeakers mainly benefits from the popularity of music streaming and the increase in outdoor entertainment demand among young groups.
In addition, the global supply of loudspeakers is mainly concentrated in Asia, especially in production bases such as China, Vietnam and Malaysia. ODM/OEM manufacturers such as Foxconn, Jiahe Smart, and Fenda Technology have taken orders from large brands with their scale manufacturing and cost advantages. The publisher predicts that in the future, with the continued development of smart homes, the popularity of online music and media streaming services, and the increase in outdoor leisure demand, the global loudspeakers market will continue to rise, especially the demand for smart loudspeakers.
So far, Vietnam has become an important global loudspeaker production and export base. According to the analysis, Vietnam’s electroacoustic industry, relying on a complete electronic processing cluster and a favorable investment environment, covered more than 3,000 manufacturers of loudspeakers, amplifiers and PCB assembly by 2024, and the total revenue of Vietnam’s electronic product manufacturing industry exceeded US$140 billion. Many world-class OEM/ODM manufacturers (such as Sound Corp) have set up factories here, supporting the complete production chain of loudspeaker diaphragms, voice coils, magnets and whole machine assembly.
Vietnam’s loudspeaker production is mainly concentrated in two major industrial clusters, the north and the south. The north is centered on the Red River Delta and surrounding provinces. The south is centered around Ho Chi Minh City and neighboring provinces. With its complete electronic components and preferential investment policies, as well as relatively low costs, the northern region of Vietnam has become a major center for the production of complete loudspeakers and parts in Vietnam.
According to the analysis, Vietnam has become an important country in the global loudspeakers export in recent years. According to the data, Vietnam’s loudspeakers exports exceeded US$700 million in 2024, and its main export markets include the United States, the Netherlands, India, South Korea, Canada and China. Among them, the United States is the largest export destination for Vietnamese loudspeakers, accounting for more than 50% of the total exports.
The publisher predicts that in the future, with the improvement of upstream and downstream supporting facilities of Vietnam’s electronics industry, the continuous improvement of local production capacity and the accelerated transfer of large brand supply chains to Vietnam, Vietnam is expected to become a very important global speaker production base, especially a smart speaker production base.
The publisher recommends that global speaker manufacturers and related investment companies conduct timely research on the Vietnamese market and prepare for the layout of the Vietnamese speaker market. The Shanghai, China and Hanoi, Vietnam offices will help foreign companies enter the Vietnamese speaker market.
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