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With 19.1% CAGR, Bluetooth Speaker Market to Reach US$ 30.4 Billion by 2027 | Global Industry Report

04-12-2023 07:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

With 19.1% CAGR, Bluetooth Speaker Market to Reach US$ 30.4

According to the latest report by IMARC Group, titled "Bluetooth Speaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global bluetooth speaker market size reached US$ 10.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.4 Billion by 2027, exhibiting at a CAGR of 19.1% during 2022-2027.

Bluetooth speakers are wireless audio devices that enable users to stream high-quality audio content from various Bluetooth-enabled devices, such as smartphones, laptops, and tablets. By receiving digital audio via Bluetooth transmission, they amplify and convert the signals into high-quality sound. Compared to traditional wired speakers, they require minimal space and are portable and easy to use in different settings. They are also highly functional and durable, with excellent compatibility across various devices. Furthermore, they require low maintenance and offer convenience for outdoor applications.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/bluetooth-speaker-market/requestsample

Global Bluetooth Speaker Market Trends:

The global market for Bluetooth speakers is experiencing significant growth, primarily driven by the increasing product usage in the entertainment and media industry and the inflating purchasing power of consumers. Additionally, the rising demand for lightweight, compact, and portable speakers, along with the escalating adoption of advanced consumer electronics, is contributing to the market growth. Moreover, the integration of Bluetooth speakers with various systems, such as in-car infotainment and voice calling systems, and home theaters, is bolstering the market growth. Furthermore, key players in the industry are investing heavily in research and development (R&D) activities to engineer more innovative and advanced Bluetooth speakers, which, in turn, is fueling the market growth.

Bluetooth Speaker Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the bluetooth speaker has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Key Players Include:

• Bose Corporation
• Edifier International Limited
• Harman International Industries
• LG Corporation
• Panasonic Corporation
• Polk Audio
• Samsung
• Sennheiser Electronic GmbH & Co.KG
• Sony Corporation
• boAt

Key Market Segmentation:

The report has segmented the global bluetooth speaker market on the basis of portability, type, price, distribution channel and region.

Breakup by Portability:

• Portable
• Fixed

Breakup by Type:

• Smart Bluetooth Speakers
• Conventional Bluetooth Speakers

Breakup by Price:

• Low
• Medium
• High

Breakup by Distribution Channel:

• Specialty Stores
• Supermarkets and Hypermarkets
• Departmental Stores
• Online
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=2195&flag=E

We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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