About Portable Speakers
Portable Speakers are in demand nowadays, as demand for a good audio output with portable devices like laptops, smartphones is increasing. Portable speakers serve many purposes like online content streaming, playing songs, etc. major players like Apple, Bose has developed newer technologies in order to make an electronic ecosystem for gadgets and portable speakers to be part of it.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for portable speakers is fragmented by key players with major acquisitions specializing in audio technologies, making the competition tougher. New generations of portable speakers with voice-recognition technology and screen interface are making new players in the market invest in R&D to advance in the section in order to sustain the market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Beats Electronics - Apple Inc. (United States), Bose Corporation (United States), Harman International Industries, Incorporated (United States), Samsung (South Korea), Sony (Japan), Altec Lansing (United States), Braven (United States), Denon Electronics (United States), Jawbone (United States) and Koninklijke Philips (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Panasonic (Japan) and Pioneer (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Portable Speakers market by Type (Active Speaker and Passive Speaker), Application (Indoor Use and Outdoor Use) and Region.
On the basis of geography, the market of Portable Speakers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online (OEM Platforms, Resellers) will boost the Portable Speakers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connection Module, the sub-segment i.e. Bluetooth will boost the Portable Speakers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Compacting the Speaker Size and Increasing Audio Output Quality is in Demand. and Surround Home with Speakers in Order to Get Movie Theatre like Experience
Market Growth Drivers:
Advancement in technology from wired speakers to Bluetooth speakers., Increasing Internet Content Popularity and Growth in Online Music Streaming With Suitable Audio Output
Challenges:
Available Substitutes in the Market will be challenging to cover the Global market. and High Cost involved in Premium Speakers
Restraints:
Rapid Battery Consumption due to Multifunctioning
Opportunities:
The addition of Screen Interface in Addition to Speakers is New Trend and can be seen in the newer version
In March 2017, Harman International Industries, Incorporated was acquired by Samsung electronics. This acquisition will provide Harman International Industries the OEM platform set by Samsung all over the world and will enhance the audio and video user experience.
All portable speakers must be Tested and Certified for FCC Part 15 Compliance to be sold in the United States
Key Target Audience
Portable Speaker Manufacturers, Portable Speaker Suppliers, Portable Speaker Retailers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.