Bluetooth Speaker Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Bose Corporation, Sony, Beats Inc, Harman International

Registering a CAGR of 18.2% over the forecast period of 2022-2027, the global Bluetooth speaker market is anticipated to reach the market value of US$ 6105.2 in the year 2027 from US$ 5180.9 in the year 2021.

Bluetooth Speaker Market Overview

Bluetooth is simply a wireless technology that enables two devices to connect with each other. In the case of Bluetooth speakers, a tablet, smartphone, or any other device transmits to a Bluetooth speaker which then uses its in-built speakers and amplifier for playback. Sony, Beats Inc, Yamaha Corporation of America, Bose corporation, Audiovox corporation and Harman international are currently the top 6 players in the market with a combined market share of almost 40%.

Bluetooth technology has gained traction in the worldwide speaker market as a result of the growing demand for wireless speakers. This is due to the fact that the technology is compatible with a variety of mobile devices, including Apple iPhone and Android smartphones. Bluetooth speakers are also less expensive than WiFi speakers.

According to the Consumer Technology Association, Bluetooth-enabled wireless speakers accounted for 88 percent of wireless speakers sold in the United States in 2019, with Wi-Fi- and smart speakers accounting for 67 percent and 62 percent, respectively. ​

Furthermore, thanks to Bluetooth full-house automation systems, home automation is now positioned to grow. The Bluetooth mesh will continue to provide a dependable wireless connectivity platform for controlling lights, thermostats, smoke detectors, cameras, doorbells, locks, and other devices. Meanwhile, the smart speaker has emerged as a potential smart home control centre. According to the Bluetooth research, smart speaker volume is expected to triple by the end of 2022.

Based on the Bluetooth Speaker market development status, competitive landscape, and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks, and comprehensive competitive strategy analysis in different fields of Information Technology & Telecommunication. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics, and structure analysis of the downstream application fields are all analyzed in detail. To Boost the Growth of Bluetooth speakers during the epidemic era, this report analyzes in detail the potential risks and opportunities which can be focused on.

Who are the Major Players in Bluetooth Speaker Market?

Top Key Players in the Bluetooth Speaker Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Bluetooth Speaker Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Bose Corporation, Sony, Beats Inc, Harman International, Yamaha Corporation of America, Audiovox Corporation, Poineer, Logitech, Sennheiser, Polk Audio, Altec Lansing, Creative, Samsung, Philips, Panasonic, LG, Doss, Edifier, Bowers & Wilkins, and others.

Industry News and Updates:

• Sony Corporation started its first Bluetooth speakers concentrating on outdoor usage. The speaker, Sony GTK-PG10, proposes 13 hours of battery backup and is equipped with The DSP (Digital Signal Processor) that auto-adjusts the sound based on its surroundings and weighs around 6.7 kg


• Recently, Harman a wholly-owned subsidiary of Samsung Electronics Co. Ltd. concentrated on connected technologies for the automotive, consumer, and enterprise markets showcases it's Premium Communications solution for the first time in China at the Shanghai Auto Show. Premium Communications is a first-of-its-kind modular present designed to increase the current in-vehicle communication environment. Premium Communications enables clear, frustration-free conversations for all occupants within a vehicle Bluetooth

 What are the major Applications, Types and Regions for Bluetooth Speaker  Market?

Market is segmented based on the type, applications, companies and regions.

By Type, Bluetooth Speaker Market has been segmented into 

• Smart Bluetooth Speakers


• Conventional Bluetooth Speakers

The end user’s industry application on Bluetooth Speaker Market is, 

• Specialty Stores


• Supermarkets and Hypermarkets


• Departmental Stores


• Online


• Others

By Portability, Bluetooth Speaker Market has been segmented into

• Portable


• Fixed

By Price, Bluetooth Speaker Market has been segmented into

• Low


• Medium


• High

Bluetooth Speaker  Market Regional Analysis

The report offers in-depth assessment of the growth and other aspects of the Bluetooth Speaker Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

Bluetooth speakers have become more popular in China. According to Qualcomm, Chinese consumers in 2019 were looking for higher sound quality, the ability to play at high levels without distortion, long battery standby hours, and a low price, and Bluetooth speakers fit the bill.

What is our Bluetooth Speaker Market report scope?

The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers, and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2022-2027. The report presents the analysis of the Bluetooth Speaker Market for the historical period of 2017-2021 and the forecast period of 2022-2027.

The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during the COVID19 Pandemic. Additionally, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.

Report Attributes	Report Details
Report Title	Bluetooth Speaker Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players:  Bose Corporation, Sony, Beats Inc, Harman International
Forecast Period 2022 to 2028 CAGR	CAGR of 18.2% over the forecast period (2022-2027)
By Type	Smart Bluetooth Speakers Conventional Bluetooth Speakers
By Application	Specialty Stores Supermarkets and Hypermarkets Departmental Stores Online Others
By Companies	Bose Corporation, Sony, Beats Inc, Harman International, Yamaha Corporation of America, Audiovox Corporation, Poineer, Logitech, Sennheiser, Polk Audio, Altec Lansing, Creative, Samsung, Philips, Panasonic, LG, Doss, Edifier, Bowers & Wilkins, and others.
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	133
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Bluetooth Speaker  Report

• Evaluate Bluetooth Speaker market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Bluetooth Speaker market entropy - M&A's, deals, partnerships, and product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Bluetooth Speaker Market is studied from 2017 - 2027.

What is the growth rate of the Bluetooth Speaker Market?

The Bluetooth Speaker Market is growing at a CAGR of 18.2% over the next 5 years.

Who are the key players in Bluetooth Speaker Market?

Bose Corporation, Sony, Beats Inc, Harman International, Yamaha Corporation of America, Audiovox Corporation, Poineer, Logitech, Sennheiser, Polk Audio, Altec Lansing, Creative, Samsung, Philips, Panasonic, LG, Doss, Edifier, Bowers & Wilkins, and others.

What regions does this Bluetooth Speaker Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Bluetooth Speaker Market?

Smart Bluetooth Speakers, Conventional Bluetooth Speakers

What are the major end-use applications of the Bluetooth Speaker Market?

Specialty Stores, Supermarkets and Hypermarkets, Departmental Stores, Online, Others

All our reports are customizable to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.