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 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.
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:
Market is segmented based on the type, applications, companies and regions.
By Type, Bluetooth Speaker Market has been segmented into
The end user’s industry application on Bluetooth Speaker Market is,
By Portability, Bluetooth Speaker Market has been segmented into
By Price, Bluetooth Speaker Market has been segmented into
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.
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 |
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By Application |
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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 |
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Countries Covered |
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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
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
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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