Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 13.58 Billion | USD 37.05 Billion | CAGR at 11.80% | 2023 |
According to the report published by Zion Market Research, the global Portable Bluetooth Speakers Market size was valued at USD 13.58 Billion in 2023 and is predicted to reach USD 37.05 Billion by the end of 2032. The market is expected to grow with a CAGR of 11.80% during the forecast period. The report analyzes the global Portable Bluetooth Speakers Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Portable Bluetooth Speakers Market industry.
Bluetooth speakers offer wireless streaming audio. These gadgets are allowed to play media from a source of content (laptop, tablet, any Bluetooth enabled device including smartphone). Most portable Bluetooth gadgets comprise a rechargeable battery of lithium polymer. Among the wireless portable devices, class D amplifiers are employed extensively due to their relatively low cost and high efficiency. The input signal arrives straightly from the pin-outs in a wireless Bluetooth audio device on the Bluetooth module. Bluetooth speakers are employed to listen to songs. Bluetooth speakers operate on wireless tech, which permits the consumer to receive and send data and files without needing wire. The Bluetooth speakers are portable and easy to carry, use, and install.
The increasing demand for infotainment offerings, rising requirement for mobility, development in global population, and improvements in technologies are some of the growth factors of the global portable Bluetooth speakers market. The less consumption of power by speakers integrated with the Bluetooth feature is also boosting the development of the global portable Bluetooth speakers market. The speaker models integrated with AA batteries eat up less power. Lower consumption of the power indicates that less damage is put on the battery. The development in wireless technology, rising user awareness, and increasing penetration of handsets has also amplified the requirement of Bluetooth audio devices. These gadgets are receiving speed in the automobile segment, as they offer drivers of the car an alternative to take calls and drive at the same time. In addition to this, the high portability of Bluetooth devices makes them very convenient to employ powering the global portable Bluetooth speakers market.
On the other hand, the high cost of maintenance is the main reason that is hindering the global portable Bluetooth speakers market.
The global portable bluetooth speakers market can be classified as on the basis of application and charging technology.
Based on the application, the global portable Bluetooth speakers market is classified into offices, homes, educational, retail, leisure, institutions, and other.
On the basis of charging technology, the global portable Bluetooth speakers market is divided into AC-only, AC/DC, and DC-only.
Report Attributes | Report Details |
---|---|
Report Name | Portable Bluetooth Speakers Market Research Report |
Market Size in 2023 | USD 13.58 Billion |
Market Forecast in 2032 | USD 37.05 Billion |
Growth Rate | CAGR of 11.80% |
Number of Pages | 196 |
Key Companies Covered | Harman International Industries Inc., Bose Corporation, SAMSUNG, Apple Inc., VOXX Electronics Corp., Sony Corporation, and Plantronics Inc |
Segments Covered | By Application, By charging technology and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
There are huge opportunities in the global portable Bluetooth speakers market for providers of portable Bluetooth speaker device in untapped rural regions. As per the UN, Asia and Africa accounted for almost most of the global portable Bluetooth speakers market. The rural markets in these areas have great potential and form the end of the pyramid for 2 major countries in the world. So as to target these areas, makers can reduce the cost of goods, thereby branching out their user base as these cost-sensitive markets affecting the global portable Bluetooth speakers market.
Some of the major companies ruling the global portable Bluetooth speakers market are:
By Application
By charging technology
What Reports Provides
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed