Buzzer Market Size, Share, Growth, and Industry Analysis by Type (Piezo Buzzers, and Magnetic Buzzer) By Enterprise Size (Automotive Electronics, Alarm, Toy, Timer, and Others) Regional Forecast By 2031

Updated On: 08 April 2024

Buzzer Market Report Overview

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The global buzzer market size is expected to be worth USD 628.9 million in 2022, as per our research, the market is projected to touch USD 913.03 million in 2031, exhibiting a CAGR of 4.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the buzzer market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

A type of voice device that transforms audio models into sound signals is a buzzer. It mostly serves as a prompt or alarm. Incorporating sound features into our system or project is also a useful component. It is a very compact and sturdy two-pin device, making it easy to use on a breadboard or PCB. As a result, this component is frequently used in most applications. Magnetic and piezo are the two technologies that are used in buzzer designs the most frequently. A magnetic buzzer or a piezo buzzer are frequently used in applications, but the choice between the two depends on a variety of factors. While piezo buzzers frequently have greater maximum sound pressure levels also known as SPL in its short-form capability than magnetic buzzers, they operate at lower voltages and higher currents than magnetic buzzers. It should be noted, though, that piezo buzzers require larger footprints due to their higher SPL. It is typically powered by DC voltage and used in timers, alarm clocks, printers, computers, and other electronic devices. It can produce a variety of sounds, including alarm, music, bell, and siren, depending on the different designs. The buzzer is a sound-producing electronic component that primarily consists of an electromagnet with two sets of wire coils wrapped around its opposing sides. Magnetic poles are created by the space between the two sets, and as they repel one another and violently bounce back and forth, they produce vibrations in the coil known as "magnetic force" or eddy currents (eddy current). For audio applications like alarms, clocks, etc., these vibrate at audible frequencies, producing high-pitched tones, whereas lower pitches are used for visual devices like tachometers.

COVID-19 Impact: Halt on Semiconductors and Electronics to Restrain Market Growth 

The COVID-19 epidemic has had a significant negative impact on society and the economy. Numerous businesses' supply chains and value chains have been impacted by the pandemic. There is no exception in the buzzer market as well. The pandemic has exposed significant flaws in the current manufacturing process and disrupted the supply chain. Due to the collapse of the automobile industry, the disruption of the supply chain, and the decreased production, it also had some negative effects on the market. However the ease of restrictions and lockdown is expected to regain the buzzer market growth.

Latest Trends

"Increasing Security Awareness in Malls and Public Places to Drive Market"

In order to aid security personnel in identifying and locating intruders or unauthorised people, buzzers are installed in many public spaces, including malls. When an intruder is discovered by sensors, the alarm goes off, and alarms are then activated at all mall exit points. This contributes to enhancing shop surveillance and decreasing shoplifting incidents.

Buzzer Market Segmentations

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• By Type

The market is classified into piezo buzzers, and magnetic buzzers based on type. The piezo buzzers segment will lead the buzzer market share throughout the forecast period.

• By Application

The market is classified into automotive electronics, alarm, toy, timer, and others based on type. The automotive electronics segment will lead the buzzer market share throughout the forecast period.

Driving Factors

"Installation of Wireless Buzzers in Tourist Attractive Places and Buildings to Drive the Market"

Installation of wireless piezo and magnetic buzzers in historical palaces, tourist attractions, monuments, museums, and other brick, stone, or marble structures are gaining popularity. In such delicate structures, installing a wired system can be challenging because drilling is difficult and frequently damages the structure. Wireless systems are simple to set up and use. Wireless buzzers can connect with smart technology and automation systems, such as smart locks, smart lights, and smart thermostats, to enable simple remote monitoring and control via an app, email alerts, or text alerts.

"Increasing Piezoelectric Buzzer Usage to Drive the Market"

Increased piezoelectric buzzer usage in smart metres, computers, phones, timers, pest repellents, and other products is driving the market. Piezoelectric buzzers also come with a number of cutting-edge features, including the ability to be mounted on printed circuit boards, low sound and high sound output, competitive pricing, and a buzzer without signal generator. The market is also being driven by the growing use of piezoelectric buzzers for technological advancements in artificial intelligence and the Internet of Things (IoT) for integration and connectivity.

Restraining Factors

"Fluctuating Price of Raw Materials to Restrain the Market"

Fluctuating raw materials prices and the high initial installation costs are expected to be some of the restraints in the market growth. Wireless buzzers installation can be more costly, thereby forcing people to look for alternatives.

Buzzer Market Regional Insights

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"Asia Pacific to Hold the Largest Market Share Owing to the Presence of Market Players"

During the forecast period, Asia Pacific is expected to hold the largest buzzer market share. Asia-Pacific dominates the world buzzer market, largely due to its superiority in the production of semiconductor equipment and parts. With the widespread use of electric vehicles and other technological advancements, the region has concurrently seen enormous growth in the automotive and industrial sectors. In addition, many of the top buzzer suppliers and manufacturers are based in China. Additionally, it is the biggest exporter of goods, which raises the market value of the country.

After Asia Pacific, North America holds the majority of the buzzer market. Market expansion is being supported by South America's expanding automotive and medical device footprint. Brazil's industrial strength is based on the production of automobiles. The expansion of the global auto industry has made it possible to invest in new manufacturing facilities in Brazil. The South American continent is known for its many mining and mineral exploration sites. Brazil is a world leader in both petroleum product mining and refinery. The nation's need for extremely loud and waterproof electronic buzzers and alarms is increasing due to the extraction of minerals and petroleum from unfathomable depths and ocean bottoms.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage  "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Murata (Japan)
• TDK (Japan)
• Kingstate Electronics (China)
• DB PRODUCTS LIMITED (U.S.)
• Changzhou Chinasound (China)
• CUI Inc (U.S.)
• Huayu Electronics (China)
• Hunston Electronics (China)
• DONGGUAN PARK'S INDUSTRIAL (China)
• Ariose (China)
• Hitpoint (U.S.)
• Mallory Sonalert (U.S.)
• Dongguan Ruibo (China)
• Bolin Group (U.S.)
• Soberton (U.S.)
• OMRON (Japan)
• KEPO Electronics  (China)
• KACON (Switzerland)
• OBO Seahorn (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.