Bluetooth Speaker Market, By Charging Technology (AC Only, DC Only, AC/DC, and Wireless Charging), By Application (House, Office, Retail, Educational Institutions, and Leisure), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Introduction:

A Bluetooth speaker is a type of speaker that offers wireless streaming audio. In Bluetooth speakers, audio data is transferred using Bluetooth technology. The Bluetooth speaker has a lithium polymer rechargeable battery. Class D amplifiers are widely used in these speakers, these amplifiers offer high performance at low cost. Almost every laptop and mobile has a Bluetooth chip, so this technology works without any network. Bluetooth speakers are the most efficient, highly efficient and take seconds to connect. Bluetooth speakers take up less space than home theaters, making them ideal for outdoor use. Bluetooth speakers is used by youngsters to listen to music as per at any time & any place. The increasing adoption of wireless electronic devices by consumers has increased the demand for such products. Nowadays, users use multi-colored Bluetooth speakers in their living room and hall for decorative purpose. The increasing popularity of Bluetooth speakers among the millennial population and high product compatibility with other consumer electronic devices have fueled the market growth. Bluetooth Speaker Market size accounted for US$ 1.77 billion in 2020 and is estimated to be US$ 5.22 billion by 2030 and is anticipated to register a CAGR of 11.50%.

         Increasing demand for electronic devices & increasing demand for electronic devices

Increasing demand for electronic devices based on advanced technology, especially wireless and portable Bluetooth speakers, is a major factor driving the growth of the target market. Additionally, increasing penetration of smartphones has increased the demand for Bluetooth speakers which will fuel the growth of the global market in the near future. Moreover, the excellent features of Bluetooth speakers like its compact size, replaceable battery, its availability in various sizes, colors make consumers more inclined towards them and support the growth of the target market. However, low battery life of connecting devices, improper connectivity between devices is expected to restrain the growth of the global blue tooth speaker market during the forecast period. An increase in the number of product launches by major players operating in this market is expected to create lucrative opportunities for the global Bluetooth speaker market.

Technological advancement

Bluetooth is gaining traction in the Industrial Internet of Things (IIoT) due to various technological advancements in Bluetooth Mesh Networks (BLE Mesh). Increasing awareness among enterprises regarding ultra-low power consumption, and BLE communication technology is also driving market revenue growth. Bluetooth technology has gained traction in the worldwide speaker market due to the increase in demand for wireless speakers. This is due to the fact that the technology is compatible with a wide range of mobile devices including iPhone and Android smartphones. Various technological advancements have led to the emergence of AI-based devices such as Alexa and Echo, which has boosted the market. Additionally, rapid integration of audio-based technologies with wireless connectivity and increased investment in several R&D activities has led to various product innovations.

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Global Bluetooth Speaker Market is segmented based on charging technology, application, and region.

On the basis of charging technology, the target market is classified into AC only, DC only, AC/DC, and wireless charging. On the basis of application, the global market has been segmented into house, office, retail, educational institutions, and leisure. Residential Bluetooth speakers. Bluetooth speakers are a cost-effective and space-saving way to bring full-range audio to any room in the home. The professional Bluetooth speaker segment is expected to register a steady revenue growth rate during the forecast period. Bluetooth is very useful for business purposes as they have wireless Bluetooth connection, one can place it anywhere and play music in that area.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global Bluetooth Speaker Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America Bluetooth speaker market is dominating in the target market in the terms of revenue. North America expected to maintain its dominance over the forecast period, owing to increase in the technology based innovations and solutions in the countries especially in the U.S. of this region. Europe is expected to account for second highest share in the global market in terms of revenue over the forecast period. Asia Pacific region also shows significant growth and expected to register lucrative growth rate over the forecast period.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2020 to 2030
Market Segmentation	By Charging Technology – AC Only, DC Only, AC/DC, and Wireless Charging By Application - House, Office, Retail, Educational Institutions, and Leisure
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Bluetooth Speaker Market report based on charging technology application, and region:

Global Bluetooth Speaker Market, By Charging Technology:

• AC Only
• DC Only
• AC/DC
• Wireless Charging

Global Bluetooth Speaker Market, By Application:

• House
• Office
• Retail
• Educational Institutions
• Leisure

Global Bluetooth Speaker Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the Global Bluetooth Speaker Market includes Sony Corporation, Koninklijke Philips N.V., Harman International Industries Inc., Bose Corporation, Shure Incorporated, Samsung Group, Beats Electronics, LG Electronics Inc., Best IT World Pvt Ltd., and JVC Kenwood Corporation. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, In September 2022, Harman Cracks Down On Makers And Distributors Of Fake JBL And Infinity Speakers In India, Harman, along with an investigation team and law enforcement officials, recently conducted raids and seized stocks of fake JBL and Infiniti products from car accessory shops as well as from a manufacturing unit in Delhi.

• Sony Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Koninklijke Philips N.V.
• Harman International Industries Inc.
• Bose Corporation
• Shure Incorporated
• Samsung Group
• Beats Electronics
• LG Electronics Inc.
• Best IT World Pvt Ltd.
• JVC Kenwood Corporation.

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
   • PORTER’s
   • Investment Outlook
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Bluetooth Speaker Strategies
     • Key Questions this Study will Answer
     • • By Charging Technology (AC Only, DC Only, AC/DC, and Wireless Charging),
       • By Application (House, Office, Retail, Educational Institutions, and Leisure),
       • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Overview
   • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
   • Y-o-Y Growth Analysis (%), 2020 – 2030
   • Regional Trends
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Regional Analysis
   • Regional Revenue Analysis
   • Regional By segment Analysis
   • Reasons for regional growth
   • Key Player of particular region
   • Countries Include in the report:

1. • • North America (U.S., Canada)
     • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
     • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
     • Latin America (Brazil, Mexico, Rest of Latin America)
     • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
   • Competitive Overview
   • Competitive Benchmarking
   • Market Share Analysis
   • Key Developments In The Global Bluetooth Speaker Market
   • Key Developments: Mergers & Acquisitions
   • Key Developments: Collaboration
   • Key Developments: Contracts & Agreements
   • Key Developments: Expansion
   • Key Developments: Product Developments
2. Company Profiles

• Company Overview
• Product Portfolio
• Key Highlights
• Financial Performance
• Business Strategies
• SWOT Analysis

• Sony Corporation, Koninklijke Philips N.V., Harman International Industries Inc., Bose Corporation, Shure Incorporated, Samsung Group, Beats Electronics, LG Electronics Inc., Best IT World Pvt Ltd., and JVC Kenwood corporation.

1. The Last Word
   • Future Impact
   • About Us
   • Contact