AI, Voice Driving Growth in $24B Speaker Driver Market, Says Report

The global speaker driver market will grow to $23.8 billion this year, up from $22.4 billion in 2021, as integration of AI and smart speaker technology gains traction in chipsets, reported Business Research Thursday. AI chipsets are being used in speakers that offer voice control, improved audio quality and enhanced battery life, said the research firm. Upgradeable AI speakers can gain additional capabilities over time as the AI assistant learns new skills, it noted. The company highlighted the high-res LG XBoom AI ThinQ WK7 as a voice-controlled, AI-powered speaker with Meridian sound and built-in Google Assistant; the Bluetooth speaker can link to other Chromecast or Chromecast audio devices, soundbars and wireless speakers with Chromecast. The speaker driver market is expected to reach $31.1 billion in 2026, it said.