QYResearch: The Global Buzzer is expected to reach about 629.92 M USD by 2022
QYResearch
A buzzer or beeper is an audio signalling device, which may be mechanical, electromechanical, or piezoelectric. Typical uses of buzzers and beepers include alarm devices, timers and confirmation of user input such as a mouse click or keystroke.
According to QYResearch, The Global Buzzer is expected to reach about 629.92 M USD by 2022 from 452.14 M USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 4.85% during the analysis period, 2017-2022.
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties for Buzzer industry. Attracted by the market profits, more and more companies have entered into Buzzer industry, the competition between manufacturers at home and abroad is fierce for the time being.
Buzzer demand has a certain space, but basically showing the scarcity of high-end products due to technology barrier and excess capacity of low-end products. There is increasing demand for high-end products.
Despite the presence of competition problems, due to the clear global economy recovery trend and industry profits, investors are still optimistic about this area; there will be more investments to enter the field.
Along with the development of Chinese domestic Buzzer industry, the performance distance will shorten gradually, compared with the imported Buzzer.
As large demand of high-end products at home and abroad, many companies begin to focus on the field of high end. Currently, the Chinese Buzzer industry tries to transit to high-end Buzzer field actively, as well as extends downstream industry chain.
Although sales of Buzzer brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the Buzzer field abruptly.
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