Secunderabad Chronicle

Portable Bluetooth Speakers Market | Analysis and Forecast with Product Introduction, Recent Developments Trends, CAGR Analysis, Top Players, Stakeholders, Sales | Grand View Research, Inc.

 Breaking News
  • No posts were found

Portable Bluetooth Speakers Market | Analysis and Forecast with Product Introduction, Recent Developments Trends, CAGR Analysis, Top Players, Stakeholders, Sales | Grand View Research, Inc.

November 15
12:28 2021
Portable Bluetooth Speakers Market | Analysis and Forecast with Product Introduction, Recent Developments Trends, CAGR Analysis, Top Players, Stakeholders, Sales | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, increased access to online streaming services along with the easy availability of large data storage on phones, tablets, and laptops have enabled consumers to use Bluetooth speakers more conveniently and easily.

The global portable bluetooth speakers market size is expected to reach USD 2.64 billion by 2025 recording a CAGR of 11.7%, according to a new report by Grand View Research, Inc. Developments in home entertainment systems and advent of smart homes and AI- and Wi-Fi-enabled devices are projected to remain prominent trends in the market over the forecast years. Usage of streaming media and services on personal internet devices provide the convenience of music and videos on-the-go, which is also boosting the market for portable Bluetooth speakers. Shifting preference towards Wi-Fi-enabled devices owing to great compatibility is also expected to contribute to the growth.

The technology provides clear sound through streaming media and internet radio. The emergence of devices with advanced features, such as multiple pairing of speakers over large connectivity range, is expected to promote the product. For instance, in August 2018, Sonos, Inc. launched its smart speaker. In January 2017, POLK AUDIO launched Polk MagniFi Mini portable speaker with a Chromecast built-in streamer. In September 2018, Amazon.com, Inc. launched Echo and Echo Dot, a voice-activated speaker. Changing lifestyle in developing economies like China and India has led to an increased product demand. Rising popularity of smart home and home theatre systems is also expected to promote the scope of Bluetooth-enabled devices including portable speakers.

Moreover, rising proliferation of connected devices, mobility, and increasing penetration of Wi-Fi network remain key driving factors for the market. Key companies strives for product innovation to offer improved convenience and advanced technology. While smaller firms are entering the product category with same product features to explore the market scenario. For instance, in January2019, Acoosta launched Acoosta Uno portable speakers. It has an in-built collection of more than 14000 songs from 1000 artists. In September 2018, ZOUND INDUSTRIES, under its brand Marshall, launched Killburn II with a clear mid-range, deep bass, and extended highs. Furthermore, the companies are focusing on M&A to gain a competitive edge over others.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/portable-bluetooth-speakers-market

Portable Bluetooth Speakers Market Report Highlights

• The commercial application is expected to witness a CAGR of 11.6% from 2019 to 2025

• Online distribution channel segment is expected to account for around 39% of the global share by 2025

• Rising importance of e-commerce portals as selling medium is expected to remain the favorable factor for the segment

• Asia Pacific is expected to be the fastest-growing regional market over the forecast period. Increasing internet penetration in India and China is expected to open new avenues for the market in future

• Major companies in the market include Samsung Group, Sony Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, ULTIMATE EARS. Most of these firms are investing in R&D for product differentiation

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/portable-bluetooth-speakers-market/request/rs1

Portable Bluetooth Speakers Market Segmentation

Grand View Research has segmented the global portable Bluetooth speakers market on the basis of application, distribution channel, and region:

Portable Bluetooth Speakers Application Outlook (Revenue, USD Million, 2015 – 2025)  

    • Residential                                          

    • Commercial

Portable Bluetooth Speakers Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)             

    • Online

    • Offline

Portable Bluetooth Speakers Regional Outlook (Revenue, USD Million, 2015 – 2025)

     • North America       

        • U.S.

     • Europe

        • U.K.

     • Asia Pacific

        • China

        • India

        • Japan

     • Central & South America

        • Brazil

     • Middle East & Africa

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/5831/ibb

Browse More Related Report:

Smart Speakers Market Size, Share & Trends Analysis Report By Virtual Personal Assistant (Amazon Alexa, Google Assistant, Apple Siri), By Region, And Segment Forecasts, 2018 – 2025

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/portable-bluetooth-speakers-market

Related Articles