The” Portable Bluetooth Speaker Market Size, Share & Trends Analysis Report By Application( Commercial, Residential), By Distribution Channel( Online, Offline), By Region, And Member vaticinations, 2023- 2030″ report has been added toResearchAndMarkets.com’s immolation.
The global movable Bluetooth speaker request size is anticipated to reach USD27.91 billion by 2030, growing at a CAGR of11.6 from 2023 to 2030
The adding demand for wireless convenience, which allows flawless connectivity with smartphones and other bias, remains a primary factor driving the growth. The swell in out-of-door recreational conditioning has created a need for movable speakers, enhancing entertainment options on the go. Smart features like voice sidekicks and app- controlled functions feed to tech- expertise consumers. Superior audio quality, swish designs, and integration with smart home ecosystems are fresh factors impacting consumer choices.
Consumers demand speakers with Bluetooth5.0 technology due to its enhanced bandwidth, sound quality, and decoding capabilities. They seek innovative features similar as Bluetooth Low Energy( BLE) Audio for flawless multi-device connectivity and audio sharing. High sound quality, extended battery life, portability, design, and comity across bias are significant factors impacting purchase opinions. The COVID- 19 lockdown has driven increased in-home listening, impacting preferences for bettered battery life among consumers. Gen Z and Millennials are consuming audio content considerably through Bluetooth-connected bias, showing a preference for Bluetooth-enabled speakers.
Consumers are seeking affordable options for wireless Bluetooth speakers, similar as Skullcandy’s lineup, ranging from USD 30 to USD 80. Consumers are also decreasingly concluding for durable and water- resistant speakers. Skullcandy emphasizes rugged design and IPX7 water resistance across their entire speaker range. There’s an increased demand for value widgets that can repel out-of-door and potentially wet surroundings.
Consumers are decreasingly looking for products that offer sustainable power results, as apparent in the relinquishment of solar cell- equipped Bluetooth speakers similar as Urbanista’s Malibu. The capability to extend battery life indefinitely through solar charging aligns with environmentally conscious preferences among consumers.
Consumers are seeking Bluetooth speakers acclimatized for parties, demanding features like important compass sound, omnidirectional party sound, and extended battery life. In May 2023, Sony ElectronicsInc. introduced two new wireless speakers the SRS- XV800, delivering important compass sound for parties with features like omnidirectional party sound andX-Balanced Speaker Units; and the SRS- XB100, a compact speaker offering clear sound and wide spreading sound field through the Sound Diffusion Processor.
The SRS- XB100 features up to 16 hours of battery life, water and dust resistance, hands-free calling, and Echo Cancelling. As consumers seek value- added features in movable Bluetooth speakers, similar products are projected to substantiation mass relinquishment encyclopedically, accelerating request growth.
movable Bluetooth Speaker Market Report Highlights
Grounded on operation, movable Bluetooth speakers for domestic purposes dominated the request with a profit share of71.05 in 2022 due to the versatility, convenience, and wide relinquishment of these products for particular and home entertainment purposes.
In 2022, deals of movable Bluetooth speakers through offline channels held a significant share of62.49, indicating the enduring fashionability of physical retail outlets for consumers to buy these bias.
The Asia Pacific movable Bluetooth speaker request held the largest profit share of around37.12 in 2022 and is anticipated to retain its dominance over the cast period. The adding relinquishment of Bluetooth- enabled bias by consumers in the Asia Pacific can be attributed to their protean rigidity and accessible portability features
Competitive Analysis
HARMAN International
Bose Corporation
Sony Group Corporation
Marshall Group AB
AppleInc.
Bang & Olufsen
Logitech
PlantronicsInc.
VOXX International Corporation
Fugoo
Key Attributes
Report Attribute Details
No. of Pages 81
Forecast Period 2022- 2030
Estimated request Value( USD) in 2022$11.64 Billion
read request Value( USD) by 2030$27.91 Billion
emulsion Periodic Growth Rate11.6
Regions Covered Global
crucial motifs Covered
Chapter 1. Methodology and compass
Chapter 2. Administrative Summary
. Market Outlook
. operation Outlook
. Distribution Channel Outlook
. Regional Outlook
. Competition Outlook
Chapter 3. movable Bluetooth Speakers request Variables, Trends & Scope
. Market Lineage Outlook
. Industry Value Chain Analysis
. Deals Retail Channel Analysis
. Profit periphery Analysis
. Market Dynamics
. request motorist Analysis
. Market Restraint Analysis
. Market openings
. request Challenges
. Industry Analysis- Porter’s Five Forces Analysis
. request Entry Strategies
Chapter 4. Consumer Behavior Analysis
. Consumer Trends and Preferences
. Factors Affecting Buying Decision
. Consumer Product Relinquishment
. Key compliances & Findings
Chapter 5. movable Bluetooth Speakers request operation Estimates & Trend Analysis
. Application Movement Analysis & Market Share, 2022 & 2030
. Domestic
. marketable
Chapter 6. movable Bluetooth Speakers request Distribution Channel Estimates & Trend Analysis
. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
. Online
. Offline
