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Global Bluetooth Speaker Market

  • Published Date: 10 Oct 2018
  • Number of Pages: 214
  • Category: Consumer Goods
  • Country: Global
Bluetooth speakers are used to play music using wireless technology and are increasingly being used as a common technology among smartphones, tablets and other music devices making the speaker compatible with most of the sources. These speakers are portable and small in size which enables the users to create endless possibility for the speaker manufacturers.. Some manufactures have also come out with wireless charging features as well as charging docks, making them completely wire free. They are also coming up with decent battery size and also offer charging for mobiles or tablets docked over them.
The Global Bluetooth Speaker market is projected to reach $9.12 billion by 2020 with a growth of CAGR of 39.28% over the forecast period.

Market Dynamics

Rapid innovations, increasing R&D expenditure on improving the battery life of the connected devices with new innovative application are some of the major factors which have surged the demand of Bluetooth speakers market and opened new gateway of opportunities for the manufactures, across the globe.
Increase in demand for multi-room streaming is also one of the factor driving the market
One of the limitation of the Bluetooth speaker is that it has short range playback capacity and hence whenever the source device goes out of the range the connection breaks and the speaker is unable to listen to music whereas other technologies like Wi-Fi and Airplay provide much wider range. Also major dropping of the batteries in devices like mobiles and laptops are also restraining the market.

Market Segmentation

The market can be segmented by Charging Technologies, by Application and by geography.

Segmentation by charging Technologies
--> AC Only
--> DC Only
--> AC/DC
--> Wireless Charging

Segmentation by Application
--> Offices
--> Retail
--> Educational Institutions
--> Leisure
--> Other

Segmentation by Geography:

--> Americas
--> APAC
--> EMEA

The America is estimated to account for almost 44% of the total market share by 2020. This region is the largest adopter of the latest technologies and the leader in leveraging consumer electronics. Most of the Bluetooth speakers are being used as a style statement and hence its demand among the consumers will rise rapidly over the next few years

Key Players
The key players in the industry are Beats Electronics, Bose, Harman, Samsung and Sony.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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