Global Bluetooth Speakers Market, Trends & Growth Opportunity, By Speaker Type (Fixed, Portable), By Use (Personal, Commercial), By Region and Forecast till 2030.
Global Bluetooth Speakers Market
The Global Bluetooth Speakers Market was valued at USD 36.56 Bn in 2022 and is expected to expand to USD 82.23 Bn by 2030 at a CAGR of 10.29% during the forecast period of 2023-2030.
The Bluetooth speaker, which comes in many shapes and sizes, is a Bluetooth-enabled amplifier or loudspeaker that needs to be connected to a device, such as iPod, computer, smartphone, or tablet. Bluetooth speakers are available in rechargeable and changeable battery types. These speakers receive compressed digital audio streams from the host device. The audio is subsequently decompressed, decoded, and amplified using the built-in speakers.
Market Drivers
The factors such as the increased desire for streaming music and affordability are driving the demand for this market. Furthermore, many consumers choose wireless technologies rather than cable counterparts because they offer greater comfort without losing on sound quality.
This trend in consumer preferences towards Bluetooth speakers to cable speakers is helping in market expansion. The increased requirement for low-maintenance and rechargeable devices for outdoor applications, and the increasing use of Bluetooth in music and video streaming have raised product demand.
Market Restraints
The global Bluetooth speakers market could be restrained by the continuing popularity of wired speakers and durability issues. Wired speakers are still quite popular owing much to their cost-effectiveness. Moreover, wired speakers have more durability compared to Bluetooth speakers. The prolonged use of Bluetooth speakers makes them susceptible to issues in connecting with other devices.
Market Segmentation
The global Bluetooth speakers market is segmented by speaker types, such as fixed and portable. Further, the market is segmented based on its use, such as personal and commercial.
Regional Analysis
The North American market for Bluetooth speakers is expected to lead the global share. This is due to the increased music and video streaming habits of people in the region as well as the presence of several players pioneering in audio technologies, such as Bose Corporation and Harman International. The Asia Pacific market will also be close to holding a significant market share due to the presence of several electronics giants, especially in Japan and South Korea.
Key Players
Harman International, Logitech, Samsung, Bose Corporation, Philips, Sennheiser, Yamaha Corporation, Sony, LG, Beats Inc, Panasonic, Creative, Audiovox Corporation, Bowers & Wilkins, Shure Incorporated, Polk Audio.
Market Taxonomy
By Speaker Type
• Fixed
• Portable
By Use
• Personal
• Commercial
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Bluetooth Speakers Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Bluetooth Speakers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Bluetooth Speakers Market, By Speaker Type
5.1 Y-o-Y Growth Comparison, By Speaker Type
5.2 Global Bluetooth Speakers Market Share Analysis, By Speaker Type
5.3 Global Bluetooth Speakers Market Size and Forecast, By Speaker Type
5.3.1 Fixed
5.3.2 Portable
6 Global Bluetooth Speakers Market, By Use
6.1 Y-o-Y Growth Comparison, By Use
6.2 Global Bluetooth Speakers Market Share Analysis, By Use
6.3 Global Bluetooth Speakers Market Size and Forecast, By Use
6.3.1 Personal
6.3.2 Commercial
7 Global Bluetooth Speakers Market, By Region
7.1 Global Bluetooth Speakers Market Share Analysis, By Region
7.2 Global Bluetooth Speakers Market Size and Forecast, By Region
8 North America Bluetooth Speakers Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Bluetooth Speakers Market Share Analysis, By Speaker Type
8.3 North America Bluetooth Speakers Market Size and Forecast, By Use
8.4 North America Bluetooth Speakers Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Bluetooth Speakers Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Bluetooth Speakers Market Share Analysis, By Speaker Type
9.3 Europe Bluetooth Speakers Market Size and Forecast, By Use
9.4 Europe Bluetooth Speakers Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Bluetooth Speakers Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Bluetooth Speakers Market Share Analysis, By Speaker Type
10.3 Asia Pacific Bluetooth Speakers Market Size and Forecast, By Use
10.4 Asia Pacific Bluetooth Speakers Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
11 Latin America Bluetooth Speakers Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Bluetooth Speakers Market Share Analysis, By Speaker Type
11.3 Latin America Bluetooth Speakers Market Size and Forecast, By Use
11.4 Latin America Bluetooth Speakers Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Bluetooth Speakers Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Bluetooth Speakers Market Share Analysis, By Speaker Type
12.3 Middle East Bluetooth Speakers Market Size and Forecast, By Use
12.4 Middle East Bluetooth Speakers Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Harman International
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Logitech
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Samsung
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Bose Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Philips
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Sennheiser
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Yamaha Corporation
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Sony
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 LG
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Beats Inc
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Panasonic
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 Audiovox Corporation
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 Bowers & Wilkins
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
14.14 Shure Incorporated
14.14.1 Overview
14.14.2 Offerings
14.14.3 Key Financials
14.14.4 Business Segment & Geographic Overview
14.14.5 Key Market Developments
14.14.6 Key Strategies
14.15 Polk Audio
14.15.1 Overview
14.15.2 Offerings
14.15.3 Key Financials
14.15.4 Business Segment & Geographic Overview
14.15.5 Key Market Developments
14.15.6 Key Strategies
