Press release
Wireless Speaker Market in US to be Worth $12 Billion by 2023 | Arizton
Wireless Speaker Market in US - Market Research Report 2023 | Arizton
US wireless speaker market is anticipated to reach revenues of approximately $12 billion by 2023, growing at a CAGR of more than 13% during 2018-2023. The report also provides market size details in terms of unit shipment during the forecast period.
Request for a sample for more information: https://www.arizton.com/market-reports/us-wireless-speaker-market-size-share-analysis
The US wireless speaker market is driven by the recovery of the economy that led to growing end-users’ spending sentiments and purchasing power. Furthermore, the integration of voice-assistance technology in household appliances will propel the demand for advanced speakers in the market.
Emergence of various online retail giants will propel growth of the US wireless speaker market during forecast period
The online channel dominated the majority market share in 2017, growing at a CAGR of over 11% during the forecast period. The increasing proliferation of online retail giants such as Amazon, eBay, and Best Buy that offer a wide range of products will attribute to the growing sales in this segment in the US market.
The increasing number of online OEMs’ e-commerce portals and online direct-to-consumer stores will boost revenues in the US market. Factors such as ease-of-accessibility, convenience, and affordability is promoting the popularity of these channels among consumers in the market.
Many vendors are offering YouTube tutorial videos that help beginners get knowledge of the working and setting-up voice-assistant speakers. These benefits will augment the growth of this segment in the US wireless speaker market during the forecast period.
Looking for more information? Order a report here: https://www.arizton.com/market-reports/us-wireless-speaker-market-size-share-analysis
Competitive Landscape & Key Vendor Analysis
The US wireless speaker market is very concentrated and the top players control over 90% of the market share. The rapid changes in technological environment is boosting consumer expectations and intensifying the competition in the US market. The manufacturers focus on continual innovations and upgrades will help them sustain the level of competition in the market. The increasing investment in the development of Bluetooth-only based, Wi-Fi-only based devices, and hybrid systems will help vendors gain a larger market share. The introduction of systems with high functionality and innovative designs will lead players attract larger group consumers in the US wireless speaker market during the forecast period.
The major vendors in the US market are:
Alphabet (Google)
Amazon.com
BEATS Electronics (Apple)
Bose
HARMAN International (Samsung)
Sonos
Sony
Other prominent vendors include Altec Lansing, Anker Innovations, AOMAIS, Apple, Axess, Avnera, Baidu, Bang & Olufsen, Beijing LingLong (JD.com), Braven, Creative Technology, Deutsche Telekom, DOSS, D&M Holdings (Denon), Edifier, Fabriq, Facebook, Forcovr (Shenzhen Guowei Security), iClever, ION Audio, Invoxia, Jam Audio, KaKao, KitSound by Kondor, Klipsch Group, Koninklijke Philips, KT, Lenovo, LG Electronics, Libratone, LINE Corporation, Logitech, Mobvoi, Monster Cable Products, Mpow, Mycroft AI, NAVER Corporation, NVIDIA, Onkyo & Pioneer, Orange, Panasonic Corporation, Photive, Plantronics, Polk Audio, Rock Space (RENQING TECHNOLOGY), Samsung Electronics, SHARKK, Sharp, SK Telecom, Skullcandy, SoundBot, Supersonic, Telefónica, Tencent, The House of Marley, Tribit audio, VicTsing, Xiaomi, Yamaha, Yandex, and Zebronics.
Order a report here: https://www.arizton.com/market-reports/us-wireless-speaker-market-size-share-analysis
About Arizton Advisory & Intelligence
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-465-7864
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