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From 2023 to 2030, the worldwide market for portable bluetooth speakers is anticipated to expand at a CAGR (compound annual growth rate) of 12.6% from a 2022 estimate of USD 11.649. Bluetooth speakers are becoming increasingly popular as a result of the convenience they provide and the extensive availability of online streaming services. While larger speakers are best left in one place, smaller and medium-sized versions are convenient for portability and versatility. Increased demand for these speakers might be attributed to the popularity of outdoor activities including picnics, camping, and trips to the beach.
The market for portable bluetooth speakers is growing as more and more people are drawn to the convenience and portability of these wireless audio systems. The device is gaining popularity because to its low-effort installation and high efficiency. Market expansion is facilitated by the rising production of smart portable bluetooth speakers that have voice-controlled functionality and are also water and dustproof. Ultimate Ears, for instance, has released a portable bluetooth speaker called Blast that can be controlled by speech and has Amazon Alexa integrated in. It is also resistant to dust, water, and drops.
Market expansion is being fueled, in part, by the rising popularity of portable bluetooth speakers among customers throughout the world as a direct result of the burgeoning global music business. For instance, the 2018 global recorded music market is expected to earn USD 19.1 billion in sales, up 9.7 percent from 2017, as reported by the International Federation of the Phonographic Industry. In addition, the product's widespread use during social events including get-togethers with loved ones and friends, birthdays, and award ceremonies has contributed to its rising popularity.
The proliferation of Wi-Fi networks and the growth in the number of Internet-connected gadgets have fueled rising demand for wireless connectivity in urban homes. The ability for speakers to communicate wirelessly is also a major market driver right now. The development of smart speakers has been aided by this tendency. The Yamaha ATS-2090, for instance, is a wireless smart soundbar that supports both Bluetooth and Wi-Fi.
Sound bars, portable docking speakers, and wall units are just a few of the recent audio products to incorporate enhanced wireless networking functionality. As a result, there has been an increase in the demand for high-end speakers to accommodate the enhanced sound quality. As people lead busier and more entertaining lives, they have more time and interest in investing in high-end home theater systems. The market for subwoofers, in-wall speakers, and sound bars could expand as a result.
From 2022 to 2030, the expansion of the market is expected to be primarily driven by the increasing prevalence of connected devices and the widespread adoption of Wi-Fi-based networks. In addition, factors like wireless connectivity provided by speakers are expected to boost the market throughout the projection period. Improved video quality isn't the only thing fueling the growth of the portable bluetooth speaker market from 2022-2030; a more educated consumer base is also a factor. In addition, the quickly expanding e-commerce sector around the world, as well as consumers' shifting priorities in terms of leisure time, are anticipated to fuel the expansion of the market during the aforementioned forecast horizon. The market is expected to be restrained throughout the forecast time frame by a number of factors, including the prevalence of fake speakers and the short battery life of connecting devices.
Long-term growth potential are also created by developments in audio technology and the introduction of novel products by a plethora of market competitors across the globe. On the other hand, residential customers have fewer options in terms of compatibility, and neighbors may object to loud music, which could slow the market's expansion between 2022 and 2030.
Report Coverage
Global Portable Bluetooth Speaker research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Portable Bluetooth Speaker report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Portable Bluetooth Speaker competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Portable Bluetooth Speaker market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Portable Bluetooth Speaker market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Portable Bluetooth Speaker market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apple Inc., Sony Corporation, TOSHIBA CORPORATION, Sennheiser electronic GmbH & Co. KG, Bose Corporation, SAMSUNG, Koninklijke Philips N.V., Panasonic Corporation, Plantronics, Inc., Audio-Technica Australia., Skullcandy.eu, GN Store Nord A/S, HARMAN International., HIFIMAN Corporation, Hooke Audio., LG Electronics., Motorola Mobility LLC., Bowers & Wilkins, Aliph Brands LLC and Portronics among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Portable Bluetooth Speaker market based on the below-mentioned segments:
Global Portable Bluetooth Speaker Market, By Usage Type
Bluetooth Car Speaker
Indoor/Outdoor Bluetooth Speaker
Others
Global Portable Bluetooth Speaker market, By Application
Offices
Homes
Educational
Retail
Leisure
Institutions
Others
Global Portable Bluetooth Speaker Market, By Sales Channel
Organized Retail Stores
Unorganized Retail Stores
Online/e-Commerce
Global Portable Bluetooth Speaker market, Regional Analysis
The market for portable bluetooth speakers is growing as more and more people are drawn to the convenience and portability of these wireless audio systems. The device is gaining popularity because to its low-effort installation and high efficiency. Market expansion is facilitated by the rising production of smart portable bluetooth speakers that have voice-controlled functionality and are also water and dustproof. Ultimate Ears, for instance, has released a portable bluetooth speaker called Blast that can be controlled by speech and has Amazon Alexa integrated in. It is also resistant to dust, water, and drops.
Market expansion is being fueled, in part, by the rising popularity of portable bluetooth speakers among customers throughout the world as a direct result of the burgeoning global music business. For instance, the 2018 global recorded music market is expected to earn USD 19.1 billion in sales, up 9.7 percent from 2017, as reported by the International Federation of the Phonographic Industry. In addition, the product's widespread use during social events including get-togethers with loved ones and friends, birthdays, and award ceremonies has contributed to its rising popularity.
The proliferation of Wi-Fi networks and the growth in the number of Internet-connected gadgets have fueled rising demand for wireless connectivity in urban homes. The ability for speakers to communicate wirelessly is also a major market driver right now. The development of smart speakers has been aided by this tendency. The Yamaha ATS-2090, for instance, is a wireless smart soundbar that supports both Bluetooth and Wi-Fi.
Sound bars, portable docking speakers, and wall units are just a few of the recent audio products to incorporate enhanced wireless networking functionality. As a result, there has been an increase in the demand for high-end speakers to accommodate the enhanced sound quality. As people lead busier and more entertaining lives, they have more time and interest in investing in high-end home theater systems. The market for subwoofers, in-wall speakers, and sound bars could expand as a result.
From 2022 to 2030, the expansion of the market is expected to be primarily driven by the increasing prevalence of connected devices and the widespread adoption of Wi-Fi-based networks. In addition, factors like wireless connectivity provided by speakers are expected to boost the market throughout the projection period. Improved video quality isn't the only thing fueling the growth of the portable bluetooth speaker market from 2022-2030; a more educated consumer base is also a factor. In addition, the quickly expanding e-commerce sector around the world, as well as consumers' shifting priorities in terms of leisure time, are anticipated to fuel the expansion of the market during the aforementioned forecast horizon. The market is expected to be restrained throughout the forecast time frame by a number of factors, including the prevalence of fake speakers and the short battery life of connecting devices.
Long-term growth potential are also created by developments in audio technology and the introduction of novel products by a plethora of market competitors across the globe. On the other hand, residential customers have fewer options in terms of compatibility, and neighbors may object to loud music, which could slow the market's expansion between 2022 and 2030.
Report Coverage
Global Portable Bluetooth Speaker research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Portable Bluetooth Speaker report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Portable Bluetooth Speaker competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Portable Bluetooth Speaker market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Apple Inc., Sony Corporation, TOSHIBA CORPORATION, Sennheiser electronic GmbH & Co. KG, Bose Corporation, SAMSUNG, Koninklijke Philips N.V., Panasonic Corporation, Plantronics, Inc., Audio-Technica Australia., Skullcandy.eu, GN Store Nord A/S, HARMAN International., HIFIMAN Corporation, Hooke Audio., LG Electronics., Motorola Mobility LLC., Bowers & Wilkins, Aliph Brands LLC and Portronics among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Portable Bluetooth Speaker Market from 2021 to 2030.
- Market Forecast for Portable Bluetooth Speaker Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Portable Bluetooth Speaker competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Portable Bluetooth Speaker
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Portable Bluetooth Speaker market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Portable Bluetooth Speaker market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apple Inc., Sony Corporation, TOSHIBA CORPORATION, Sennheiser electronic GmbH & Co. KG, Bose Corporation, SAMSUNG, Koninklijke Philips N.V., Panasonic Corporation, Plantronics, Inc., Audio-Technica Australia., Skullcandy.eu, GN Store Nord A/S, HARMAN International., HIFIMAN Corporation, Hooke Audio., LG Electronics., Motorola Mobility LLC., Bowers & Wilkins, Aliph Brands LLC and Portronics among others.
Primary Target Market
- Market Players of Portable Bluetooth Speaker
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Portable Bluetooth Speaker market based on the below-mentioned segments:
Global Portable Bluetooth Speaker Market, By Usage Type
Bluetooth Car Speaker
Indoor/Outdoor Bluetooth Speaker
Others
Global Portable Bluetooth Speaker market, By Application
Offices
Homes
Educational
Retail
Leisure
Institutions
Others
Global Portable Bluetooth Speaker Market, By Sales Channel
Organized Retail Stores
Unorganized Retail Stores
Online/e-Commerce
Global Portable Bluetooth Speaker market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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