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Exclusive Report on Bluetooth Speaker Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Bluetooth

The “Bluetooth Speaker Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Bluetooth Speaker industry. The information available in the Bluetooth Speaker market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Bluetooth Speaker market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Bluetooth Speaker Market:

  • Sony Corporation
  • Koninklijke Philips NV
  • Bose Corporation
  • Harman International Industries
  • Panasonic Corporation
  • Shure Incorporated
  • Beats Electronics LLC
  • LG Electronics Inc.
  • Best IT World Pvt Ltd (iBall)
  • Logitech International

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    Market Overview:

  • The bluetooth speaker market was valued at USD 4.62 billion in 2018, and it is expected to reach USD 34.56 billion by 2024, at a CAGR of 40.38%, over the forecast period (2019 – 2024). The increasing need for eliminating more than one product in the home and commercial spaces has led to the growth of bluetooth enabled speakers and sound bars.
  • – Bluetooth speakers have witnessed widespread adoption in the past few years, with these devices accounting for a sizeable share in the audio technology category. Bluetooth speakers come in many shapes and sizes, meeting the requirements of the consumers. With the end users utilizing the devices having different requirements, there is a range of bluetooth speakers available in the market.
  • – Rapid innovations and increasing R&D expenditure with new innovative applications have boosted the demand in the bluetooth speakers market. The growing penetration of smartphones and increasing consumer awareness have further boosted the demand for bluetooth speakers, worldwide.
  • – Advanced technologies, such as AI-assisted devices, are expected to influence the growth of the market in the coming years. Products, such as Amazon Alexa and Google Echo, are having high demand in the market. Thus, many manufacturers are looking to integrate these technologies to gain consumers.

    Scope of the Report:

  • Bluetooth speakers are used for playing music or other forms of audio files through wireless connection. The audio industry is now trying to meet the rising demand for wireless speakers. The scope of this report is by type (portable and fixed), application (residential and commercial), and geography.

    Reasons for Buying Bluetooth Speaker Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Portable Bluetooth Speaker is the Fastest Growing Segment

    – Portable Bluetooth speakers are devices that are comparably smaller, lighter, and can be moved anywhere. Portable speakers come in many shapes and sizes. Sound bars, tubes, and clips are some of the most widely consumed models in the market.
    – Changing consumer dynamics in the market and increasing preference by the consumers toward portable devices are supporting the growth of the market.
    – The growth of audio streaming technology in various application, like the wireless speakers and in-car-infotainment systems, is driving the portable bluetooth speaker market.
    – The audio streaming technology can be used in point-to-point topology available on bluetooth BR/EDR that is optimized for audio streaming, making it the standard-bearer in wireless audio.
    – According to the Bluetooth.com, with the increasing bluetooth usage in the audio and entertainment industry, 8 out of 10 speakers may include bluetooth by the end of 2022. Additionally, the smart speaker market is expected to grow by three times by the end of 2022.

    Asia-Pacific to Witness the Fastest Growth Rate

    – Asia-Pacific, being the most populated region, is the major developing region and is expected to record the maximum growth rate over the forecast period, 2019-2024.
    – The increasing disposable incomes and technological developments in countries, such as China, India, Japan, and South Korea, help in the growth of the bluetooth speakers market in Asia-Pacific.
    – The increasing number of companies, to meet the growing demand and large availability of products, is expected to drive the market at a high rate in Asia-Pacific.
    – With increasing sales of smartphone and wide adoption of technology, the bluetooth speaker sales are rising in this region.

    Bluetooth Speaker Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Bluetooth Speaker Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Demand for Portable Speakers
    4.4 Market Restraints
    4.4.1 Limited Range Playing Capacity
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Bargaining Power of Buyers/Consumers
    4.6.2 Bargaining Power of Suppliers
    4.6.3 Threat of New Entrants
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.7 Technology Snapshot

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Portable Bluetooth Speakers
    5.1.2 Fixed Bluetooth Speakers
    5.2 By Application
    5.2.1 Residential
    5.2.2 Commercial
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.2 Europe
    5.3.2.1 United Kingdom
    5.3.2.2 Germany
    5.3.2.3 France
    5.3.2.4 Sweden
    5.3.2.5 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 India
    5.3.3.3 Japan
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Latin America
    5.3.4.1 Mexico
    5.3.4.2 Argentina
    5.3.4.3 Brazil
    5.3.4.4 Rest of Latin America
    5.3.5 Middle East & Africa
    5.3.5.1 Israel
    5.3.5.2 UAE
    5.3.5.3 Saudi Arabia
    5.3.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Sony Corporation
    6.1.2 Koninklijke Philips NV
    6.1.3 Bose Corporation
    6.1.4 Harman International Industries
    6.1.5 Panasonic Corporation
    6.1.6 Shure Incorporated
    6.1.7 Beats Electronics LLC
    6.1.8 LG Electronics Inc.
    6.1.9 Best IT World Pvt Ltd (iBall)
    6.1.10 Logitech International

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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    Name: Ajay More

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