Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The "Portable Bluetooth Speaker - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Portable Bluetooth Speaker was estimated at US$6.2 Billion in 2023 and is projected to reach US$10.9 Billion by 2030, growing at a CAGR of 8.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Altec Lansing, Avnera Corporation, Beats Electronics, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the portable Bluetooth speaker market is driven by several factors. The increasing demand for wireless audio solutions and the growing popularity of streaming services are significant drivers, boosting the adoption of Bluetooth speakers among music and audio enthusiasts. Technological advancements that enhance the sound quality, connectivity, and battery life of portable speakers are also propelling market growth. The rising trend of outdoor activities and social gatherings is driving demand for durable and portable audio solutions.
Additionally, the expansion of smart home devices and the integration of voice assistants into Bluetooth speakers are further contributing to market growth. The development of eco-friendly and energy-efficient models is attracting environmentally conscious consumers, further boosting market demand. These factors, coupled with the increasing availability of innovative and affordable products, are driving the sustained growth of the portable Bluetooth speaker market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Bluetooth Car Speaker segment, which is expected to reach US$4.9 Billion by 2030 with a CAGR of a 9.1%. The Outdoor Bluetooth Speaker segment is also set to grow at 7.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 11.1% CAGR to reach $2.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Portable Bluetooth Speaker Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Portable Bluetooth Speaker Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Portable Bluetooth Speaker Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 42 Featured):
- Altec Lansing
- Avnera Corporation
- Beats Electronics
- Bose Corporation
- Creative Technology Ltd.
- Denon Electronics (USA) LLC
- Jawbone
- JBL, A Unit of Harman International Industries, Inc.
- JVC Kenwood Corporation
- Koninklijke Philips N.V.
- LG Electronics Inc.
- Logitech International SA
- Panasonic Corporation
- Pioneer Electronics (USA) Inc.
- Plantronics, Inc.
- Samsung Electronics Co. Ltd.
- Sennheiser Electronic GmbH & Co. KG
- Shure Incorporated
- Sonos, Inc.
- Sony Corporation
- SuperSonic, Inc.
- VOXX International Corporation
- Yamaha Corporation
Key Attributes
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $6.2 Billion |
| Forecasted Market Value (USD) by 2030 | $10.9 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Portable Bluetooth Speaker - Global Key Competitors Percentage Market Share in 2024 (E)
- Global Economic Update
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Popularity of Wireless Audio Devices Propels Market Growth
- Increasing Demand for Portable Entertainment Solutions Drives Adoption
- Technological Innovations in Sound Quality and Battery Life Strengthen Business Case
- Surge in Consumer Preference for Compact and Lightweight Speakers Expands Market Opportunity
- Development of Waterproof and Rugged Models Generates New Opportunities
- Growing Trend of Outdoor and Recreational Activities Spurs Market Expansion
- Rising Use in Smart Home and IoT Ecosystems Accelerates Market Growth
- Advancements in Bluetooth and Connectivity Technologies Strengthen Market Position
- Increasing Integration with Voice Assistants and AI Drives Adoption
- Expanding E-Commerce and Retail Channels Propel Market Penetration
- Development of Cost-Effective Portable Speakers Sustains Market Growth
- Rising Disposable Income Levels Accelerate Consumer Spending on Portable Electronics
- Growth in Music Streaming Services Drives Demand for Bluetooth Speakers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/99czq2
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