Global Wireless Bluetooth Speaker Industry to Amass Market Value of Approximately 1.51 Billion by 2025

Global Wireless Bluetooth Speaker Industry to Amass Market Value of Approximately 1.51 Billion by 2025

Published: 22-Jan-2020 | Published By: Market Research Store

The published report on “Wireless Bluetooth Speaker Market –By Type (Portable and Fixed) and By Application (Home Market and Commercial Market): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the demand for global wireless Bluetooth speaker market in 2018 was around USD 1.21 billion. It is expected to reach approximately USD 1.51 billion by 2025 with a CAGR of around 11.71%.

Browse Full Report 105 Market Data Tables and 46 Figures spread through 105 Pages and in-depth TOC on "Wireless Bluetooth Speaker Industry (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-wireless-bluetooth-speaker-industry-market-report-2019-670653

Smart speakers are the rapidly adopted products across the globe and a part of the big five systems that include smart watches, home 3D printers, consumer drones, AR & VR glasses, and consumer drones. Furthermore, wireless Bluetooth speaker is one of the smart speaker kinds.

Furthermore, wireless Bluetooth speakers can aid speechrecognitionaccuracy, an improvement in the speaker functionality. These products can also help the visually impaired individuals to easily access the computing power.

The growing need of multi-room streaming activities is projected to enlarge the scope of the wireless Bluetooth speaker marketduring 2019-2025. The surge in the smartphone usage worldwide willembellish theexpansion of the wireless Bluetooth speaker business during the forecast timespan. In addition to this, a prominent increase in the levels of the customer awarenessvis-à-vis the wireless Bluetooth speakers will steer the product demand over the forecast timeline. Apparently, the lucrative demand for wireless Bluetooth speakers across both the entertainment and the infotainment systems in the vehicles will amplify the development of the wireless Bluetooth speaker industry during the forecast timeline.

Moreover, huge penetration of Wi-Fi-based networking solutions, onset of 5G networks, prominence of AR and VR,   and a rise in the usage of IoT devices is anticipated to transform intohumungous demand for wireless connections in the households. This, in turn, will enlarge the product demand worldwide over the forecast period. Apparently, the growth of the industry is predicted to gain momentum over the forecast timespan with extensiveintegration of wireless connectivity functions in wall units, mobile docking speakers, and sound bars.

North America, which contributed a large portion towards wireless Bluetooth speaker market share in 2018, isestimated to account for noticeable contributions towards the overall market expansion during 2019-2025. The regional market surge during the forecast timespan is due to the massive demand for smart Bluetooth speakers across the developed economies of the region including the U.S. and Canada. Additionally, high predisposition towards AI-driven Bluetooth speakers is also set to play a major part in influencingthe expansion of the market in the North American sub-continent.

A shifting preference for technologically advanced products in emerging economies such as China and India is slated to embellish the wireless Bluetooth speaker industry trends in the Asia Pacific zone over the forecast timespan. The massive utilization ofconsumer electronic products like tablets and smartphones in these countries will further stimulate the regional market surge during 2019-2025.     

Key players operating in the wireless Bluetooth speakerindustry are Bose Corporation, Edifier, Yamaha Corporation, Bowers & Wilkins, Samsung, Polk Audio, Sony, Audiovox Corporation, Harman International, Poineer, Altec Lansing, Philips, Creative, Sennheiser, Panasonic, LG, and Doss.

This report segments the wireless Bluetooth speaker market as follows:

Global Wireless Bluetooth SpeakerMarket: By Type Segment Analysis

  • Portable
  • Fixed

Global Wireless Bluetooth Speaker Market: By Application Segment Analysis

  • Home Market
  • Commercial Market

Global Wireless Bluetooth SpeakerMarket: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Key Pointers Addressed by the Report

  • Historical data and forecast analysis of the market
  • Drivers and Restraints affecting market dynamics
  • Exhaustive analysis about the future market trends
  • Comprehensive information about the leading market segments and region
  • Strategic developments made by the competitive players and in-depth analysis about its impact on market growth

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