Bluetooth Speaker Market Worth to Outgrow by USD 16893.6 MN By 2027
Posted On January 25, 2021
According to the research report by Value Market Research, the Global Bluetooth Speaker Market is likely to grow to USD 16893.6 MN by 2027 with a CAGR of 14.8% during the year 2020-2027. Bluetooth speakers use wireless Bluetooth connectivity to connect the speakers and the streaming device. The rapid penetration of the internet and the growing popularity of online music streaming services are vital factors for bluetooth speakers' market growth. Technological advancements and the adoption of innovative solutions like IoT worldwide will further propel market growth. The portable and easy reconfigurability with tablets or smartphones will increase the demand for these speakers in the residential segment. The several other benefits offered like power-saving, high-quality sound, and seamless wireless connectivity will be a market booster. The main barriers to this market growth include compatibility issues. The richness of sound is not as good as regular speakers.
Bluetooth speaker is a portable speaker that uses Bluetooth wireless technology to stream audio from another device. Being portable, they can be used anywhere around the house or even as home decor. These speakers are used to charge the phone, take hands-free phone calls, and connect to other speakers. These speakers are versatile, usually sturdy, and designed to be used in any environment. Bluetooth technology works with a broad range of mobile devices, like Apple iPhone and Android smartphones but has limited coverage. Bluetooth speakers are less pricey than Wi-Fi options, produce a powerful sound, and are energy efficient.
"Global Bluetooth Speaker Market Report By Type (Fixed, Portable), By Distribution Channel (Online, Offline) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" is an elaborate report providing market data on the basis of segments and geography.
On the basis of Type the market is segmented into Fixed, Portable. By Distribution Channel the bluetooth speaker market is categorised as Online, Offline. By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Bluetooth Speaker is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Bluetooth Speaker Market -
By Distribution Channel
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Sony Corporation, Koninklijke Philips NV, Samsung Electronics Co. Ltd. (Harman International Industries), Bose Corporation, Shure Incorporated, Beats Electronics, Harman, Altec Lansing
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