Waterproof Speakers Market Scope
Waterproof speakers are defined as the electronic devices which connect to supporting device to make an audible sound. It operates through a various supporting device such as smartphones, tablets. It is widely used in taking showers and outdoor pools for entertainment. Increasing usage of the waterproof speaker in various application such as an event, party, among others are some of the major factors which affect the growth of the market in the future.
The market appears to be highly fragmented and with the presence of several companies including Harman International Industries, Inc. (United States), Bose Corporation (United States), among others Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Waterproof Speakers market throughout the predicted period.
Bose Corporation (United States), Harman International Industries, Inc. (United States), Lixil Group Corporation (Japan), Panasonic Corporation (Japan), Sony Corporation (Japan), ABCO Energy, Inc. (United States), Adesso (Germany), Aduro Products, LLC (United States), Kohler Co., Inc. (United States) and Logitech International S.A. (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sound One (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Waterproof Speakers market by Type (Wireless Waterproof Speaker, Portable Waterproof Speaker, PA Waterproof Speaker and Mini Waterproof Speaker) and Region with country level break-up.
On the basis of geography, the market of Waterproof 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).
Market Leaders and their expansionary development strategies
At IFA 2019, JBL dispatched Pulse 4, a speaker with 360-degree sound and a light show that utilizes high-goal LEDs to create a gathering mindset with music and light. The new speaker has Wireless Bluetooth streaming empowering up to two cell phones or tablets to be associated. Around the same time, Sony Corporation dispatched the SRS-XB12 EXTRA BASS Waterproof Bluetooth speaker in India. This speaker is IP67-evaluated, which makes it impervious to residue and water. In June 2020, China-based Huawei reported dispatching its FreeGo versatile Bluetooth speakers one month from now worked to deliver the one-contact sound transmission alongside remote sound transmission.
In March 2019, the Sound One Company has launched the most Rugged & Waterproof DRUM portable Bluetooth speaker in India. In addition, it provides high-quality audio and digital. Hence, it will affect the growth of the market in the future.
Market Trend
- One of the latest of this market is the Technological advancements in Numerous Audio Devices Have Transformed the Fashion in Which Music Is Played & Appreciated
- Increasing Usage of Digital marketing and social media complementing market growth
Market Drivers
- Increase in Adoption of Smart Home Solutions and Change in Taste of Listening To Music among Consumers Globally
- Increasing usage of Waterproof Speaker in Event or Party
Opportunities
- Growing Demand from Untapped Markets such as China, India, Brazil, and others
Restraints
- Issue related to some High Prices of Waterproof Speaker product
Challenges
- Lack of Product Awareness in some Developing Countries
Key Target Audience
Manufacturers of Waterproof speakers, Suppliers of Waterproof speakers, Wholesalers, Distributors and Retailers of Waterproof speakers, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others