Press release
Bluetooth Speaker Market Poised to Reach US$ 35.7 Billion 2023-2028, Driven by Impressive 18.2% CAGR: IMARC Group
How big is the trade finance market?
The global bluetooth speaker market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.7 Billion by 2028, exhibiting a growth rate (CAGR) of 18.2% during 2023-2028.
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What is Bluetooth Speaker?
Bluetooth speakers represent wireless audio devices that enable individuals to stream music, audio, or any other form of sound from Bluetooth-capable gadgets like smartphones, tablets, or computers. Typically, these speakers consist of a speaker driver, an amplifier, and a Bluetooth chip responsible for receiving and decoding audio signals from Bluetooth-enabled devices. Some versions may also incorporate added functionalities, such as volume adjustment, voice assistants, and a built-in microphone for hands-free calling. In comparison to traditional speakers, Bluetooth speakers provide advantages like portability, user-friendliness, top-notch audio quality, convenience, and compatibility with various devices. Presently, the market offers a plethora of product variations, including portable speakers, outdoor speakers, smart speakers, and soundbars.
Bluetooth Speaker Market Trends:
The market is experiencing rapid growth primarily due to the increasing adoption of streaming music services like Spotify and Pandora. Additionally, the market is being driven by the growing demand for wireless technology and the widespread use of smartphones. Leading manufacturers in the market are responding to these trends by introducing innovative products, such as portable speakers with voice-control capabilities, to expand their customer base, which is contributing positively to market prospects.
Bluetooth Speaker Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
Bose Corporation
Edifier International Limited
Harman International Industries
LG Corporation
Panasonic Corporation
Polk Audio
Samsung
Sennheiser Electronic GmbH & Co.KG
Sony Corporation
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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 Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2195&flag=E
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
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.
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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