2 way speaker systems are typically more compact and affordable than 3 way or 4 way speaker systems, making them a good choice for smaller rooms or for budget-minded listeners. They are also often used in car audio applications.
The main advantage of a 2 way speaker system is that it can provide a more accurate reproduction of the original sound source than a single full-range driver. This is because the woofer and tweeter are each specifically designed to reproduce a specific range of frequencies, which allows them to deliver a more detailed and natural sound.
However, 2 way speaker systems can also have some disadvantages. For example, they may not be able to produce as much bass as a 3 way or 4 way speaker system, and they may not be able to handle as much power.
Overall, 2 way speaker systems are a good choice for listeners who want a compact and affordable speaker system that can still deliver a high-quality sound.