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Bluetooth Speakers Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMSE21224

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Published on

May 2021

Total pages

162

Table of Content

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About the Report

About the Report

BLUETOOTH SPEAKERS REQUIRE RADIO WAVES OF LESS STRENGTH AND WORK WITHOUT CABLE, THIS HAS REDUCED THE PRICE OF CABLES AND WIRES. THE SPEAKERS AND THE AUDIO OUTPUT DEVICES MUST BE IN A PRE-DEFINED RANGE TO WORK. RECENTLY THE APPLICATIONS OF BLUETOOTH SPEAKERS HAVE INCREASED IN HOMES AS WELL AS COMMERCIALLY.
IN THE AUDIO STREAMING INDUSTRY, BLUETOOTH SPEAKERS ARE ACHIEVING GOOD ATTRACTION. CONTINUOUS ADVANCES IN TECHNOLOGY ARE LEADING THE SPEAKERS TO SMART SPEAKERS. FEATURES OF BLUETOOTH SPEAKERS SUCH AS WIRELESS STREAMING, LESS SPACE USE AS COMPARED TO OTHER STREAMING DEVICES SUCH AS HOME THEATER, EASY CONNECTIVITY, AND EASY PORTABILITY HAVE ATTRACTED MORE CUSTOMERS. IN ADDITION, THE EASY RECHARGEABLE BATTERIES OF THE BLUETOOTH SPEAKERS MAKE IT BEST FOR OUTDOOR USE. CONTINUOUS NEW ADVANCES IN THE BLUETOOTH SPEAKER FEATURES SUCH AS WATERPROOF MODELS, RUGGED DEVICES AND ADVERTISEMENT STRATEGY WILL FURTHER HELP BOOST THE BLUETOOTH SPEAKER INDUSTRY.
ADVANCEMENT IN TECHNOLOGIES HAS LED TO THE DEVELOPMENT OF SMART SPEAKERS. SMART SPEAKERS WITH ARTIFICIAL INTELLIGENCE TECHNOLOGY AND WIRELESS CONNECTIVITY (BLUETOOTH AND WI-FI) HAVE INCREASED IN THE SMART HOME SECTOR. KEY PLAYERS SUCH AS APPLE INC., AND AMAZON INC. ARE WORKING TO INCULCATE THE WIRELESS CONNECTIVITY OF BLUETOOTH SPEAKERS WITH THE SMART SPEAKER TECHNOLOGY FOR MULTIROOM WIRELESS AUDIO STREAMING, THIS IS EXPECTED TO INCREASE THE WIRELESS SPEAKER'S DEMAND. MOREOVER, IN THE RESIDENTIAL SECTOR, THE USE OF VOICE-ENABLED ARTIFICIAL INTELLIGENCE TECHNOLOGY OF SMART SPEAKERS IS INCREASING. ACCORDING TO A SMART SPEAKER CONSUMER ADOPTION REPORT, IN 2018 THERE WERE 47.3 MILLION CONSUMERS WHO USED VOICE-ENABLED SPEAKERS IN THE U.S. VOICE-ENABLED BLUETOOTH SPEAKERS.
U.S. AND EUROPEAN COUNTRIES ARE OBSERVING AN INCREASE IN THE USE OF BLUETOOTH SPEAKERS, THIS WILL PROVIDE A BOOST TO THE BLUETOOTH SPEAKER INDUSTRY. COMPANIES LIKE SAMSUNG, AMAZON, AND BOSE HAVE DELIVERED GOOD SPEAKERS. THE DEMAND FOR BLUETOOTH SPEAKERS, CELL PHONES, AUDIO STREAMING SYSTEMS, LAPTOPS, DESKTOPS, AND OTHERS. COMPANIES ARE ALSO WORKING ON INCREASING THE BATTERY LIFE AND OTHER NEW DEVELOPMENTS OF THE ALREADY PRESENT DEVICES. THE AUDIO STREAMING SEGMENT GRABBED THE MAJOR MARKET AND DOMINATED THE MARKET
BASED ON DEVICE TYPE, THE MARKET IS FRAGMENTED INTO TRADITIONAL, WATERPROOF, AND RUGGED. WATERPROOF BLUETOOTH SPEAKERS HAVE GRABBED THE MAJOR MARKET. THE WATERPROOF BLUETOOTH SPEAKERS HAS ATTRACTED THE CONSUMERS IN WEST EUROPE AND U.S. THIS SEGMENT HAS GENERATED VOLUME OF XX MILLION UNITS IN 2020. THE MARKET IS EXPECTED TO GROW AT A CAGR OF XX% DURING THE FORECAST PERIOD TO REACH A MARKET VALUATION OF XX MILLION UNITS BY 2027F OWING TO THE INCREASING DEMAND OF THE DIFFERENT DEVICE IN THE MARKET.
BASED ON THE DISTRIBUTION, THE MARKET IS BIFURCATED INTO ONLINE AND OFFLINE. CONSUMERS ARE TENDING MORE TOWARDS E-MARKETS BECAUSE OF THE EASY AVAILABILITY OF A WIDE RANGE OF PRODUCTS AT AFFORDABLE PRICES WITH OFFERS AND HOME DELIVERY. OWING TO THESE REASONS, ONLINE SEGMENT AMONG THE DISTRIBUTION ACCOUNTED FOR A MARKET VALUATION OF XX BILLION UNITS IN 2020 AND IS EXPECTED TO REACH XX BILLION UNITS BY THE YEAR 2027, AT A CAGR OF XX% OVER THE ANALYSED PERIOD.
BASED ON PRICE, MARKET IS CLASSIFIED LOW-END, MEDIUM RANGE AND PREMIUM RANGE. LOW-END BLUETOOTH BECAUSE OF ITS CONVENIENT USE AND GOOD SOUND QUALITY ARE PREFERRED. BECAUSE OF ITS COST AND USER FRIENDLINESS THESE MODELS ARE EXPECTED TO INCREASE THEIR DEMAND IN THE RESIDENTIAL SECTOR. THE LOW-END SEGMENT GENERATED REVENUE OF XX MILLION UNITS IN 2020 AND IS EXPECTED TO GROW AT A CAGR OF XX% DURING THE FORECAST PERIOD TO REACH A MARKET VALUATION OF XX MILLION UNITS BY 2027F. HOWEVER, THE SALE OF PREMIUM RANGE SPEAKER SEGMENTS IS EXPECTED TO INCREASE IN THE FORECASTED PERIOD, OWING TO THE INCREASE END USER'S DISPOSABLE INCOME.
BASED ON PORTABILITY, THE MARKET IS DIVIDED INTO FIXED AND PORTABLE. PORTABLE SPEAKERS ARE LIGHT WEIGHTED AND CAN BE MOVED EVERYWHERE. CONSUMERS ARE MORE ATTRACTED EASY, WIRELESS DEVICES WITH EASY PORTABILITY AND WIDE RANGE OF FUNCTIONS. UNIVDATOS EXPECTS THE VOLUME SHARE TO INCREASE BY XX MILLION UNITS BY 2027F, INCREASING WITH THE CAGR OF XX%.
BASED ON THE APPLICATION THE MARKET IS SEGMENTED INTO RESIDENTIAL AND COMMERCIAL. RESIDENTIAL SEGMENT APPLICATION INCLUDES BLUETOOTH SPEAKERS USE IN HOUSEHOLD AND PERSONAL USE WHEREAS THE COMMERCIAL SEGMENT APPLICATION INCLUDES ITS USE IN INDUSTRIES, EDUCATIONAL INSTITUTES, AND ALSO IN AUTOMOTIVE AND DEFENSE SECTORS. OWING TO THE HIGH ADOPTION OF BLUETOOTH SPEAKERS IN HOME AND FOR PERSONAL USE, THE RESIDENTIAL SEGMENT IS TENDED TO ACCOUNT FOR A CAGR OF XX% IN THE FORECAST PERIOD 2019-2027F
FOR A BETTER UNDERSTANDING OF THE MARKET ADOPTION OF THE BLUETOOTH SPEAKERS, THE MARKET IS ANALYZED BASED ON ITS WORLDWIDE PRESENCE IN THE COUNTRIES SUCH AS NORTH AMERICA (UNITED STATES, CANADA, AND THE REST OF NORTH AMERICA), EUROPE (GERMANY, ITALY, UK, FRANCE, SPAIN, NORDIC, OTHERS), ASIA-PACIFIC (CHINA, JAPAN, INDIA, AUSTRALIA, AND OTHERS), AND REST OF THE WORLD. NORTH AMERICA CONSTITUTES A MAJOR MARKET FOR THE BLUETOOTH SPEAKERS INDUSTRY AND GENERATED VOLUME OF XX MILLION UNITS IN 2020 OWING TO INCREASED ADOPTION OF THESE SPEAKERS, NEW INNOVATIONS AND ADDITION OF NEW FEATURES, INCREASE IN DISPOSABLE INCOME; ETC., HOWEVER, THE ASIA PACIFIC REGION WOULD GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
SOME OF THE MAJOR PLAYERS OPERATING IN THE MARKET INCLUDE APPLE, BOSE, SAMSUNG, SONY CORPORATION, PANASONIC, SKULLCANDY, HARMAN INTERNATIONAL INDUSTRIES INC., PLANTRONICS INC., VOXX ELECTRONICS CORP., AMAZON.COM INC . SEVERAL M&A'S ALONG WITH PARTNERSHIPS HAVE BEEN UNDERTAKEN BY THESE PLAYERS TO BOOST THEIR PRESENCE IN DIFFERENT REGIONS.

Products


Companies

BOSE

SAMSUNG

APPLE INC.

SONY

PANASONIC

SKULLCANDY

PIONEER

PLANTRONICS INC.

VOXX ELECTRONICS CORP. AND AMAZON.COM INC.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1 MARKET DEFINITIONS

1.2 OBJECTIVE OF THE STUDY

1.3 LIMITATION

1.4 STAKE HOLDERS

1.5 CURRENCY USED IN REPORT

1.6 SCOPE OF THE BLUETOOTH SPEAKERS MARKET STUDY

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 RESEARCH METHODOLOGY FOR THE BLUETOOTH SPEAKERS MARKET

2.1.1 MAIN OBJECTIVE OF THE BLUETOOTH SPEAKERS MARKET

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 TOP START-UPS UNDER BLUETOOTH SPEAKER SECTOR

6 BLUETOOTH SPEAKER AMID COVID-19

7 GLOBAL BLUETOOTH SPEAKER MARKET VALUE (USD BN), 2019-2027F

8 MARKET INSIGHTS BY DEVICE

8.1 TRADITIONAL

8.2 WATERPROOF

8.3 RUGGED

9 MARKET INSIGHTS BY DISTRIBUTION

9.1 ONLINE

9.2 OFFLINE

10 MARKET INSIGHTS BY PRICE

10.1 LOW-END

10.2 MEDIUM RANGE

10.3 PREMIUM RANGE

11 MARKET INSIGHTS BY PORTABILITY

11.1 FIXED

11.2 PORTABLE

12 MARKET INSIGHTS BY APPLICATION

12.1 RESIDENTIAL

12.2 COMMERCIAL

13 MARKET INSIGHTS BY REGION

13.1 NORTH AMERICA BLUETOOTH SPEAKERS MARKET

13.1.1 UNITED STATES

13.1.2 CANADA

13.1.3 REST OF NORTH AMERICA

13.2 EUROPE BLUETOOTH SPEAKERS MARKET

13.2.1 GERMANY

13.2.2 FRANCE

13.2.3 UNITED KINGDOM

13.2.4 ITALY

13.2.5 SPAIN

13.2.6 REST OF EUROPE

13.3 ASIA PACIFIC BLUETOOTH SPEAKERS MARKET

13.3.1 CHINA

13.3.2 JAPAN

13.3.3 INDIA

13.3.4 AUSTRALIA

13.3.5 REST OF ASIA PACIFIC

13.4 REST OF WORLD BLUETOOTH SPEAKERS MARKET

14 BLUETOOTH SPEAKERS MARKET DYNAMICS

14.1 MARKET DRIVERS

14.2 MARKET CHALLENGES

14.3 IMPACT ANALYSIS

15 BLUETOOTH SPEAKERS MARKET OPPORTUNITIES

16 BLUETOOTH SPEAKERS MARKET TRENDS

17 LEGAL & REGULATORY FRAMEWORK

18 DEMAND AND SUPPLY SIDE ANALYSIS

18.1 DEMAND SIDE ANALYSIS

18.2 SUPPLY SIDE ANALYSIS

18.2.1 TOP PRODUCT LAUNCHES

18.2.2 TOP BUSINESS PARTNERSHIPS

18.2.3 TOP BUSINESS EXPANSIONS, INVESTMENTS AND DIVESTITURES

18.2.4 TOP MERGER AND ACQUISITIONS

19 VALUE CHAIN ANALYSIS

20 COMPETITIVE SCENARIO

20.1 PORTER'S FIVE FORCES ANALYSIS

20.1.1 BARGAINING POWER OF SUPPLIER

20.1.2 BARGAINING POWER OF BUYER

20.1.3 INDUSTRY RIVALRY

20.1.4 AVAILABILITY OF SUBSTITUTE

20.1.5 THREAT OF NEW ENTRANTS

20.2 COMPETITIVE LANDSCAPE

20.2.1 BLUETOOTH SPEAKERS MARKET SHARE, BY COMPANY 2020

21 COMPANY PROFILED

21.1 APPLE

21.2 BOSE

21.3 SAMSUNG

21.4 SONY CORPORATION

21.5 PANASONIC

21.6 SKULLCANDY

21.7 HARMAN INTERNATIONAL CORPORATION

21.8 PLANTRONICS

21.9 VOXX INTERNATIONAL CORP

21.10 AMAZON

22 DISCLAIMER

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