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Buzzer Market Size, Share, Growth Factor 2021 Buzzer Market 2021
The global buzzer market was valued at USD 591.9 million in 2019. It is estimated to grow at a CAGR of 5.6% during the forecast period (2020–2029), against a backdrop of modernization, changing consumer lifestyles, and increasing adoption in vehicles and smart electronics.
Magnetic and piezo buzzers’ compatibility with IoT technologies drives their adoption in modern automobiles and electric vehicles. On the consumer electronics front, they find applications in smart electronics such as earphones and wearables. On a broad scale, Industry 4.0, the automotive sector’s growth, and incorporation of AI and IoT for integration and connectivity drive the global buzzer market. The shifting consumer inclination toward smart electronics also provides a fillip to market growth. Get a Sample copy of this report :
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The Major Manufacturers Covered in this Report: