Portable Bluetooth Speakers Market Stood at US$ 8.5 Bn by 2025

Growing penetration of smart devices along with various internet services has led to an upsurge in demand for portable Bluetooth speakers globally. Development in audio technology has led to a surge in popularity of smart devices including dual-tone microphones, sound bars, and wireless headphones. The global portable Bluetooth speakers market will witness a growth of 9.9% CAGR over the forecast period, 2017 – 2025.

Increasing preference and major subscriber base various music streaming services based on cloud technology is likely to rev up demand for portable Bluetooth speakers by 2025. Surge in wireless streaming and broadcast services is further likely to impact growth of the global portable Bluetooth speakers market positively. Varying taste of music among consumers will further contribute towards growth of the global market for portable Bluetooth speakers market significantly.

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Attributed to compatibility of various smart devices with Bluetooth speakers are witnessing a boost in demand. Developing technology has significantly transformed the style of composing and presenting music. Developed countries including Canada, and the U.S. are witnessing many homes transforming into smart homes. Consumer devices, entertainment, media gadgets and other smart devices are connected to the network available at home. These devices can conveniently interact with each other through the available network at home, and further play different music in different rooms through other streaming devices.

Attributed to credibility of the product from premium speaker brands, premium prices among other price ranges is likely to gain traction through 2025. The Bluetooth devices will mainly be witnessed to be used for the indoor or outdoor purposes in 2017. This segment accounted for a revenue share of around 50% in the global market for portable Bluetooth speakers during the predicted period.

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Cars among other applications will witness relatively high demand, and will fuel the market growth in the forthcoming years. Organized retail store will represent a major sales channel for portable Bluetooth speakers. This segment will account for a revenue share of 40% in the global portable Bluetooth speakers market during the predicted period. Growing penetration, and emergence of the e-commerce platforms is likely to boost the online sales of portable Bluetooth speakers throughout 2025.

Latin-America is likely to represent a relatively fast-growing region among others in the global market of portable Bluetooth speakers. The global market for portable Bluetooth speakers is likely to represent a value of US$ 4 Bn by the end of 2025. Due to increasing adoption of smart devices in various developed countries, the global market for portable Bluetooth speakers market will witness significant growth by 2025-end. Increasing adoption of smart devices are adding to the number of smart homes in North America. Attributed to such features, the market in North America is likely to witness significant market growth during the projected period.

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Leading market players operating in the global market for portable bluetooth speakers includes Bose Corporation, Beats Electronics, Yamaha Corporation, Harman International Industries, JVCKENWOOD Corporation, Sony Corporation, LG Electronics Inc., Logitech International S.A, Sound United, Panasonic Corporation, and Samsung Electronics.

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