What is Ultra-Portable Speakers Market?
An ultra-portable speaker is a type of audio speaker that runs on batteries, which can be easily transported and carried by the users. The factors such as the Increased Number of Smartphone Users Worldwide, Rise in the Disposable Income of the People and a Robust Increase in the Distribution Channels are the key drivers for the global Ultra-Portable Speakers market. In addition, Technological Advancements in the Speakers and Increasing Promotional Activities by Manufacturers on Social Websites also fueling the market growth. However, Fluctuations in the Raw Material Prices and Availability of Low-Quality Products in Cheaper Rates may hamper the market growth.
The market study is being classified by Type (Bluetooth, Wi-Fi and Others), by Application (Residential and Commercial) and major geographies with country level break-up.
Anker Innovations Technology (China), Beats Electronics LLC (United States), Bose Corporation (United States), JBL (United States), Sony Corporation (Japan), Klipsch Audio Technologies (United States), Xmi Private Limited (Singapore), Samsung Electronics (South Korea), Ultimate Ears (United States) and Koninklijke Philips N.V. (Netherlands) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Ultra-Portable Speakers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Ultra-Portable Speakers market by Type, Application and Region.
On the basis of geography, the market of Ultra-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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Number of Smartphone Users Worldwide
- Rise in the Disposable Income of the People
- Robust Increase in the Distribution Channels
Market Trend
- Technological Advancements in the Speakers
- Increasing Promotional Activities by Manufacturers on Social Websites
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growth in the E-commerce Industry Worldwide
- Increasing Demand from End-users
Challenges
- Availability of Low-Quality Products in Cheaper Rates
Key Target Audience
Ultra-Portable Speakers Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users