About Bluetooth Speakers
Bluetooth speaker is an electronic device that uses wireless technology, for transmission and reception of signal between Bluetooth speaker and any Bluetooth enabled devices such as laptop, tablet, smartphone and others. The best advantage of Bluetooth speaker is that it is wireless hence it is portable and easy to carry, use, and install. Most portable Bluetooth gadgets comprise a rechargeable battery which is made up of lithium polymer. For ideal exchange of data, the receiver should be within the defined range of wireless transfer capability of the speaker. The increasing demand for infotainment offerings, rising requirement for mobility, and improvements in technologies are some of the growth factors of the Bluetooth speakers market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 32.87% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical upgradations in the product. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Bluetooth Speakers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sony (Japan), Bose Corporation (United States), Yamaha Corporation of America (United States), Edifier (China), LG (South Korea), Beats Inc (United States), vox Corporation (United States), Altec Lansing (United States), Polk Audio (United States), Bowers & Wilkins (United Kingdom), Creative Technology Ltd ( Singapore) and Panasonic (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Philips (Netherlands), Samsung (South Korea), Harman International (United States), Logitech (Switzerland) and Poineer (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Bluetooth Speakers market by Type (Single-speakers, Double-speakers and Multi-speakers), Application (Personal Use and Commercial Use) and Region.
On the basis of geography, the market of Bluetooth 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).
Influencing Trend:
waterproof Bluetooth speakers, speakers with HD data streaming and low power mode and Adoption of multi-room streaming
Market Growth Drivers:
Emergence of mobility, growing demand for infotainment services, rising smartphone/tablets adoption and Wireless streaming of audio content
Restraints:
comparatively costly, Availability of counterfeit speakers with good quality and High cost of maintenance
Opportunities:
Growing popularity of streaming services such as Spotify, Amazon Prime, and YouTube and Improvement in the operating range
Market Leaders and their expansionary development strategies
In September 2023, Persol partners with Ferrari, celebrating their shared Italian heritage with a limited-edition collection of sunglasses inspired by Ferrari's racing heritage.
In July 2023, Gucci debuts its "GG0048" collection, featuring oversized, statement-making frames in bold colors and playful patterns, catering to the fashion-forward crowd.
Key Target Audience
Bluetooth Speaker Manufacturers, Bluetooth Speaker Distributors/Traders/Wholesalers, Bluetooth Speaker Subcomponent Manufacturers, Industry Association and Downstream Vendors
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.