Wireless Bluetooth Speakers Market 2021 Latest Advancements and Growth Analysis - Bose, Sony, JBL Professional, Harman International, Yamaha, Audiovox

The Latest report about the Wireless Bluetooth Speakers  market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Wireless Bluetooth Speakers market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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This study especially analyses the impact of the Covid-19 outbreak on the Wireless Bluetooth Speakers, covering the supply chain analysis, impact assessment to the Wireless Bluetooth Speakers market size growth rate in several scenarios, and the measures to be undertaken by Wireless Bluetooth Speakers companies in response to the COVID-19 epidemic.

Wireless Bluetooth Speakers Market is estimated to be valued at over US$ 4,000 Mn in 2017 and is projected to reach nearly US$ 8,530 Mn by 2025 end. Sales revenue is expected to increase at a CAGR of 9.9% during the forecast period (2017–2025).

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:

Bose, Sony, JBL Professional, Harman International, Yamaha, Audiovox, Poineer, Logitech, Sennheiser, Polk Audio, Altec Lansing, Samsung, Philips, Panasonic, LG, Boss, Edifier, HUAWEI, HiVi, EDIFIER, Harman Kardon, Soaiy, Newmine,

News and Latest Developments

May 2020 - Sony unveiled its new SRS-XB wireless speakers for 2020. These three new devices (the SRS-XB23, SRS-XB33, and SRS-XB43) are based on the OEM's X-Balanced Speaker Unit, which has specially-designed non-circular and off-center speaker diaphragms. The distortion is reduced by 25% in the XB33, while sound pressure is raised by 30%, compared to its predecessor, the XB32.

April 2020 - Harman launched its first eco-friendly portable Bluetooth speaker. The JBL Flip 5 Eco edition, the company's first portable Bluetooth speaker, was made of 90% recycled plastic. The Flip 5 Eco comes in 'Ocean' blue and 'Forest' green, and the special edition speakers are packaged in eco-friendly packaging, including a protective case made of biodegradable materials.

Market Overview

The growing trend of smart speakers across the globe, mainly due to the trending feature of voice assistant, is further developing space for the wireless speakers. In recent years, the growing investment by millennial users in the speakers market and their preference for convenient and easy-to-carry devices have forced global speaker manufacturers to shift to wireless technology from wired speakers. Initially, most market vendors target millennial users who like to carry their speakers around while playing music. Companies like Google and Amazon are increasingly targeting this customer base in recent years. Market vendors are also providing additional features such as splash resistant or water-resistant into their offering to attract more customers.

Wireless speakers are used for playing music or other forms of audio files through certain connectivity technologies. The audio industry is currently trying to meet the rising demand for wireless speakers by the end-users. The report's scope is segmented by connectivity type, including Bluetooth, Wi-Fi, and Smart Speaker.

North America is expected to hold a prominent share in the wireless speaker market. The technological breakthroughs have assisted the advancement of wireless speakers that can significantly improve accuracy in various applications. The United States had marked the beginning of early use of portable speakers, owing to increased penetration of smartphones and other mobile devices along with the availability of online music and video streaming at the earliest. 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.

Wireless Bluetooth Speakers

Breakdown Data by Type

Portable Type

Fixed Type

Wireless Bluetooth Speakers Breakdown Data by Application

Home Use

Commercial

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Wireless Bluetooth Speakers market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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Wireless Bluetooth Speakers Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Wireless Bluetooth Speakers market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Wireless Bluetooth Speakers market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Wireless Bluetooth Speakers Market report.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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