Market Snapshot:
Mini Speaker is also known as Bluetooth Speakers which have witnessed widespread adoption in the past few years. These devices help in accounting for a sizeable share in the audio technology. These speakers come in many shapes and sizes, meeting the requirements of the consumers. With the rising application of these mini speakers in parties and many more is driving the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Sony Corporation (Japan), Koninkluke Philips NV (The Netherlands), Bose Corporation (United States), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), Samsung Electronics (South Korea), Shure Incorporated (United States), Beats Electronics LLC (United States), Best IT World Pvt Ltd (iBall) (India) and Logitech International (Switzerland) |
Segment Analysis
AMA Research have segmented the market of Global Mini Speaker market by Type, Application and Region. On the basis of Type, Portable Speakers are dominating the market in the year 2021
On the basis of geography, the market of Mini Speaker 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).
region held largest market share in the year 2021.
Market Trend
Advanced Technologies, such as AI-Assisted devices in these Mini Speaker is Trending and Products, such as Amazon Alexa and Google Echo, are having High Demand in the Market as well as are making Trend in this Market
Market Drivers
Increasing Demand for Portable Speakers and Rising Number of Smart Homes in North America is also Fueling the Market
Opportunities
Rapid Innovations and Increasing R&D Expenditure with New Innovative Applications have Boosted the Demand in the Bluetooth Speakers Market and Growing Penetration of Smartphones and Increasing Consumer Awareness have Further Boosted the Demand for Bluetooth Speakers Worldwide
Restraints
- Limited Range Playing Capacity of this Speakers
- The Threat of Piracy Hindering the Growth of the Market
In addition to the aforementioned factor, Increasing Demand for Portable Speakers
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Sony Corporation (Japan), Koninkluke Philips NV (The Netherlands), Bose Corporation (United States), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), Samsung Electronics (South Korea), Shure Incorporated (United States), Beats Electronics LLC (United States), Best IT World Pvt Ltd (iBall) (India) and Logitech International (Switzerland). A lot of Global players are profiled in the research study indicating a strong market dependence.