Home Semiconductor & Electronics Buzzer Market Size, Share and Forecast to 2031

Buzzer Market Size, Share & Trends Analysis Report By Type (Piezo Buzzers, Magnetic Buzzers), By Applications (Automotive Electronics, Home Appliances, Consumer Goods, Industrial Electronics, Other) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRSE841DR
Last Updated : Mar 12, 2024
Author : Straits Research
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Market Overview

The global buzzer market was valued at USD 684.28 million in 2023. It is estimated to reach USD 1,117.40 million by 2032, growing at a CAGR of 5.6% during the forecast period (2024–2032). In an increasingly interconnected world, consumer electronics like smartphones, tablets, etc., are surging in adoption. These devices extensively use buzzers for their numerous functionalities, driving the global buzzer market. Buzzers play a vital role in the residential, commercial, and industrial settings to enhance the safety and security of these places, thereby boosting the global market. Moreover, the emergence of novel applications of buzzers is estimated to create opportunities for market growth.

A buzzer is an electrical device designed to emit a buzzing or humming sound when activated. It operates through electromechanical principles, typically comprising an electromagnet or piezoelectric crystal that generates vibrations. These vibrations create audible sound waves. Buzzers find widespread use across alarm systems, timers, electronic games, and signaling devices to alert or notify users of specific events or conditions.

Buzzers come in various forms, including piezoelectric buzzers that utilize crystals to produce sound and electromagnetic buzzers that employ electromagnets to vibrate diaphragms or other movable components. Due to their simplicity, reliability, and effectiveness, buzzers remain essential in many electronic and electrical applications, providing audible feedback in scenarios where visual indicators may not suffice.

Highlight

  • Piezoelectric buzzer dominates the type segment
  • Asia-Pacific is estimated to be the largest shareholder in the market

Market Dynamics

Global Market Drivers

Increasing Demand from the Consumer Electronics Industry

The expansion of consumer electronics products such as smartphones, tablets, wearables, and home appliances creates a demand for miniature buzzers in notification alerts, alarms, and user interface feedback. Consumers increasingly rely on electronic devices for communication, entertainment, and productivity, so the buzzer demand surges. Moreover, with the rapid pace of innovation in consumer electronics and the proliferation of smart devices, the integration of buzzers in various gadgets is poised for continued growth, driving expansion in the buzzer market.

Furthermore, according to Statista, by the end of 2022, 68 percent of the world's population were smartphone users. However, given that many people use more than one smartphone, the actual number of smartphone subscriptions exceeds the number of smartphone users. As of 2022, smartphone owners used an estimated 6.5 billion smartphone subscriptions, expected to climb to almost eight billion by 2028. Thus, the rapid proliferation of consumer electronics like smartphones is estimated to drive the global buzzer market.

Safety and Security Concerns

Safety and security concerns are pivotal drivers in the buzzer market, propelling demand across diverse sectors. In residential, commercial, and industrial settings, buzzers are integral components of alarm systems, doorbells, fire alarms, and security systems, providing critical alerts in emergencies or unauthorized access situations.

With an increasing emphasis on safeguarding lives and assets, the adoption of buzzers as signaling devices continues to rise. These devices ensure prompt response to potential threats, enhance situational awareness and facilitate timely evacuation or intervention measures. Moreover, stringent regulatory standards and compliance requirements regarding safety and security reinforce the necessity for reliable and effective buzzer solutions, driving continuous innovation and market growth in this segment.

Global Market Restraint

Technological Advancements

Technological advancements restrain the buzzer market by presenting alternative signaling methods that may outperform or offer advantages over traditional audible buzzers. For instance, innovations in haptic feedback technology provide tactile notifications, potentially reducing reliance on audible alerts in certain applications.

Similarly, advancements in wireless communication enable devices to transmit alerts or notifications directly to users' smartphones or other connected devices, bypassing the need for standalone buzzers. These emerging technologies offer customizable vibration patterns or remote-control capabilities, which may appeal to industries seeking more versatile signaling solutions. This could lead to a fall in the market for conventional audible buzzers in favor of these more sophisticated substitutes, creating a challenge for buzzer makers to innovate and modify their products to keep up with changing consumer demands and technical advancements.

Global Market Opportunities

Emerging Applications

Emerging applications present exciting opportunities for the buzzer market as innovative technologies create new use cases across diverse sectors. In AR and VR, buzzers can provide immersive feedback, enhancing user engagement and realism. Gaming peripherals integrate buzzers for enhanced audio feedback, alerting players to in-game events and creating a more immersive gaming experience. Wearable devices leverage buzzers for notifications, alarms, and feedback, enhancing user interaction and utility.

Furthermore, buzzers find applications in emerging healthcare technologies, like remote patient monitoring and telemedicine, where they can alert healthcare providers or patients to critical events or reminders. The need for buzzers in these new applications is anticipated to increase dramatically as these technologies develop and become more widely used, which will spur innovation and market growth in the buzzer sector.

Study Period 2020-2032 CAGR 5.6%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD 684.28 million
Forecast Year 2032 Forecast Year Market Size USD 1,117.40 million
Largest Market Asia-Pacific Fastest Growing Market North America
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Regional Analysis

Asia-Pacific Dominates the Global Market

Based on region, the global buzzer market is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Asia-Pacific is the most significant global buzzer market shareholder and is expected to expand substantially during the forecast period. Asia-Pacific is the market leader for buzzers worldwide, largely due to its supremacy in producing equipment and semiconductor components. For instance, the Semiconductor Industry Association (SIA) estimates that approximately USD 468.8 billion was sold in semiconductors worldwide in 2018. Concurrently, the region has witnessed enormous expansion in the automotive and industrial domains, owing to the pervasive adoption of electric vehicles, Industry 4.0, and other technical innovations. According to IEA, China registered about 60% of all new electric cars worldwide in 2022. China's domestic automotive sales proportion of electric vehicles increased from 16% in 2021 to 29% in 2022, significantly ahead of the official target of 20% sales share for new energy vehicles (NEVs) by 2025. This has increased the demand for buzzers for several functions in these vehicles.

Furthermore, the Asia-Pacific region's healthcare market is growing due to aging populations, rising healthcare expenditures, and technological breakthroughs. For instance, the Asia-Pacific population is aging more quickly than any other area globally, according to ESCAP. Globally, 630 million people are 60 years of age or older, making up about 60% of the geriatric population. Their population is expected to reach 1.3 billion by 2050. This population demographic increases the demand for monitoring and frequent medical check-ups with the help of medical equipment, patient monitoring systems, and healthcare facilities that use buzzers or indicating alerts and notifications. This is driving the regional market growth. Furthermore, the region is home to top buzzer suppliers and manufacturers, such as Ningbo Best Group Co., Ltd., Changzhou Jiayuan Electronics Co., Ltd., and Shenzhen Xun Electronic Co. Ltd. This is estimated to propel the regional market expansion.

North America is estimated to grow at a significant pace. Technological advancements and the integration of buzzers into various electronic devices such as smartphones, home appliances, and automotive systems contribute to market growth. According to Statista, North America had the highest smartphone adoption rate as of 2022, accounting for 84% of all mobile connections. By 2030, it is anticipated that 90% of smartphones will be in use in North America. Consequently, the proliferation of such consumer electronic devices is estimated to boost the buzzer market in this region.

Moreover, the rise of IoT (Internet of Things) and smart home technologies further propels the demand for buzzers integrated into interconnected devices. For instance, as per Statista, by 2024, the projected number of IoT devices is expected to exceed 17 billion, surpassing the global population. This demonstrates the increasing level of technology integration. Therefore, all these factors drive the regional market expansion.

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Segmental Analysis

The global buzzer market is segmented by type and application.

Based on type, the global market is divided into piezoelectric and magnetic buzzers. 

The piezoelectric buzzer segment dominates the global market. Piezoelectric buzzers are compact electronic components that produce sound when subjected to an electric current. They use the piezoelectric phenomenon, which occurs when mechanical stress is applied to some materials and vice versa, producing an electrical charge. A piezoelectric crystal or ceramic disc is sandwiched between two metal plates in these buzzers. When an alternating current is applied, the crystal rapidly expands and contracts, creating vibrations that produce audible sound waves.

Piezoelectric buzzers are commonly used in various applications such as alarms, timers, electronic devices, and appliances due to their small size, efficiency, and reliability. They are preferred over traditional electromagnetic buzzers in applications requiring low power consumption, simple construction, and high durability, making them a popular choice in electronic design. However, they often produce a distinct, high-pitched sound compared to other buzzers, which may be undesirable in certain settings.

Based on application, the global market is segmented into automotive electronics, home appliances, consumer goods, industrial electronics, and others.

The buzzer in automotive electronics serves various crucial functions. In the automotive sector, buzzers are essential components in vehicles, contributing significantly to safety, convenience, and functionality. They are utilized for various purposes, such as indicating seat belt warnings, parking assistance, vehicle proximity alerts, and low fuel warnings. The demand for buzzers grows as the automotive industry advances towards autonomous driving and integrated safety systems. These devices enhance driver awareness, assist in parking maneuvers, and provide real-time alerts for potential hazards.

Moreover, with increasing consumer expectations for advanced safety features and regulatory mandates for improved vehicle safety standards, the integration of buzzers in automobiles is expected to escalate further. Manufacturers are thus focusing on developing advanced buzzer solutions that offer reliable performance, enhanced durability, and seamless integration, driving the expansion of the market within the automotive sector.

Market Size By Type

Market Size By Type
  • Piezo Buzzers
  • Magnetic Buzzers

  • Impact of covid-19

    The pandemic wreaked havoc on the smart home products market. The temporary shutdown and the restrictions on international and domestic travel created a large-scale impact. It leads to impaired production capability and restricts new deployments. The effect on the construction sectors has also contributed to the market hindrance.


    List of key players in Buzzer Market

    1. Murata Manufacturing
    2. TDK Corporation
    3. Kingstate Electronics
    4. DB Products
    5. PUI Audio
    6. CUI Inc., Ltd.
    7. Huntson Electronics
    8. Ariose Electronics
    9. Hitpoint
    10. Mallory Sonalert Products

    Buzzer Market Share of Key Players

    Buzzer Market Share of Key Players

    Recent Developments

    • October 2023- Seiko Epson Corporation created and is distributing prototypes of the S1V3F351 and S1V3F352 audio playback LSIs. These LSIs are equipped with a buzzer sound function, flash memory for audio data, and a built-in oscillation circuit.
    • October 2023- TDK Corporation and LEM International SA agreed to collaborate on the development of customized TMR dies for advanced integrated current sensors.

    Buzzer Market Segmentations

    By Type (2020-2032)

    • Piezo Buzzers
    • Magnetic Buzzers

    By Applications (2020-2032)

    • Automotive Electronics
    • Home Appliances
    • Consumer Goods
    • Industrial Electronics
    • Other

    Frequently Asked Questions (FAQs)

    What is the estimated growth rate (CAGR) of the Buzzer Market?
    Buzzer Market size will grow at approx. CAGR of 5.6% during the forecast period.
    Some of the top prominent players in Buzzer Market are, Murata Manufacturing, TDK Corporation, Kingstate Electronics, DB Products, PUI Audio, CUI Inc., Ltd., Huntson Electronics, Ariose Electronics, Hitpoint, Mallory Sonalert Products , etc.
    Asia Pacific has held a dominant position in the Buzzer Market, with the largest market share.
    Increasing demand from the consumer electronics industry are the key driver for the growth of the market.
    The global Buzzer Market report is segmented as follows: By Type, By Application


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