Bluetooth Speaker Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

The global Bluetooth speaker market is anticipated to grow at a considerable CAGR of 11.5% during the forecast period (2023-2030). The Bluetooth speakers market is growing rapidly due to several factors, including the increasing demand for portable audio devices, the convenience of Bluetooth technology, and the growing popularity of wireless audio solutions. Consumers are increasingly looking for audio solutions that don't require wires or cables, and Bluetooth speakers offer a wireless alternative to traditional wired speakers. The increasing penetration of Wi-Fi-based networks, as well as the increasing proliferation of connected devices, will be important drivers driving market expansion throughout the forecast period. For instance, according to the WiFi Alliance, the global value of Wi-Fi was $3.3 trillion in 2021, increasing to $4.9 trillion by 2025. As per the same source, the economic value of Wi-Fi in Australia was $34.7 billion in 2021, and that reached to $41.7 billion by 2025.

Nowadays, features such as speakers' capacity to enable wireless connectivity are expected to boost market growth. For instance, in March 2023, Sonos introduced the Era 300 and 100 Bluetooth speakers, which have WiFi 6, Bluetooth, USB-C line-in, AirPlay 2, and spatial audio. The Sonos Era 300 features a new dual-angled design as well as a focus on spatial sounds. Additionally, in September 2022, the Meizu PANDAER Elvis Presley-branded Bluetooth speaker was introduced in China. The Platinum Unicorn Cyber Speaker has two 48mm loudspeakers and a full-frequency ultra-thin audio device. The new Meizu-Elvis Presley Bluetooth speakers produce deep bass due to passive diaphragm sensor technology.

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Market Coverage

• The Market Number Available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Type

· By Application

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

• Competitive Landscape- Sony Corp., SoundBot, Yamaha Corp., Zebronics, and others.

Bluetooth Speaker Market Report Segment

By Type

· Wireless

· Wired

By Application

· Residential

· Commercial

A full Report of Bluetooth Speaker Market is Available @ https://www.omrglobal.com/industry-reports/bluetooth-speaker-market

Bluetooth Speaker Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Altec Lansing

• Anker Innovations Technology Co., Ltd.

• Apple, Inc.

• Bose Corp.

• Jvckenwood Corp.

• Koninklijke Philips NV

• LG Electronics Inc.

• Logitech

• Onkyo Corp.

• Panasonic Holdings Corp.

• Samsung Electronics Co., Ltd.

• Sony Corp.

• SoundBot

• Yamaha Corp.

• Zebronics India Pvt. Ltd.

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