Bluetooth Speaker Market 2021 - Strategic Analysis and Precise Outlook to 2027: Sony Corporation, Koninkluke Philips NV, Bose Corporation, Samsung Electronics

The Bluetooth Speaker Market report 2021-2027 presents an in-depth assessment of key trends, current scenarios, challenges, standardization, regulatory landscape, and deployment models. Historical and futuristic case studies, opportunities, future roadmap, value chain, Key player profiles, and strategies lead to builds stronger business decisions. This report covers the pre and post Covid-19 impact analysis and gives expert reviews to overcome it. The report also presents forecasts for Bluetooth Speaker from 2021 till 2027.

The Bluetooth speaker market is expected to register a CAGR of 18.1%, over the forecast period 2020 to 2025.

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Key Players:

Sony Corporation, Koninkluke Philips NV, Bose Corporation, Samsung Electronics Co. Ltd. (Harman International Industries), Panasonic Corporation, Beats Electronics LLC, LG Electronics Inc., Best IT World Pvt Ltd (iBall), Logitech International, Yamaha Corporation, Altec Lansing, JVC Kenwood Corporation, AOMAIS (JinWenHua Audio)_, Forcovr (Shenzhen Guiwei Security)_, Anker Innovations Technology_, Onkyo Corporation (Pioneer)_, SoundBot, Zebronics, and others.

Key Market Trends:

Portable Bluetooth Speaker Segment to Witness Fastest Growth

- Portable Bluetooth speakers are devices that are comparably smaller, lighter, and can be moved anywhere. Portable speakers come in many shapes and sizes. Soundbars, tubes, and clips are some of the most widely consumed models in the market.

- According to the Bluetooth.com, with the increasing Bluetooth usage in the audio and entertainment industry, 8 out of 10 speakers may include Bluetooth by the end of 2022. Additionally, the smart speaker market is expected to grow by three times by the end of 2022.

North America to Hold the Highest Market Share

- North America is expected to hold a prominent share in the Bluetooth speaker market. The technological breakthroughs have assisted the advancement of Bluetooth speakers that can significantly improve accuracy in various applications.

- According to the Recording Industry Association of America, the paid subscription streaming music revenue in the United States rose from USD 474 million in the first half of 2015 to USD 3300 million in the first half of 2019, which was more than any other country.

Competitive Landscape:

- In May 2019 - Sony Corporation launched its first Bluetooth speakers focused on outdoor usage. The speaker, Sony GTK-PG10, offers 13 hours battery backup and is equipped with The DSP (Digital Signal Processor) that auto-adjusts the sound based on its surroundings and weighs around 6.7 kg

- April 2019 - Harman a wholly-owned subsidiary of Samsung Electronics Co. Ltd. focused on connected technologies for the automotive, consumer, and enterprise markets, showcases its Premium Communications solution for the first time in China at the Shanghai Auto Show.

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Influence of the Bluetooth Speaker Market Report:

-Comprehensive assessment of all opportunities and risks in the Bluetooth Speaker market.
-The detailed study of business strategies for the growth of the Bluetooth Speaker market-leading players.
-Conclusive study about the growth plot of the market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Bluetooth Speaker Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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