Growth Factors of Wireless Speakers Market
The global wireless speakers market size was valued at USD 8.93 billion in 2018 and is projected tgrow tUSD 65.65 billion by 2026, exhibiting a CAGR of 28.6% during the forecast period of 2019-2026.
The COVID-19 pandemic had a combined impact on the wi-fi speakers marketplace—initially, call for a decrease because of disruptions in supply chains and customer spending. However, as far-flung working and domestic amusement became extra widespread, the call for wireless audisystems surged, specifically for domestic workplaces and leisure setups, impeding the wireless speakers market growth.
The increasing number of calls pushes the Wi-Fi speakers marketplace for transportable and handy audianswers and improvements in Bluetooth and Wi-Fi technologies. The growing adoption of clever houses and IoT devices fuels the desire for wireless speakers tintegrate with voice assistants like Alexa and Google Assistant.
The wireless speaker market is experiencing a full-size boom, pushed by the increasing demand for transportable audisolutions, the rise of streaming offerings, and advancements in auditechnology. Key tendencies consist of the combination of AI and voice assistants for more muscular control and user revel, the improvement of high-resolution auditechnologies like Bluetooth 5.0 and aptX HD for progressed sound, and the focal point on growing extra compact, long-lasting, and elegant designs tcater tevolving purchaser options, expanding wireless speakers market share globally.
Comprehensive Analysis of Wireless Speakers Market
The wi-fi speakers marketplace is segmented intgeneration and application categories. In phrases of technology, Bluetooth-enabled audisystems, specifically those with Bluetooth 5.0, are seeing a sizable increase because of the considerable use of Bluetooth in smartphones and tablets. Voice-enabled or intelligent audisystems, like those from Amazon, Google, and Samsung, are alsincreasing rapidly. Wi-Fi-enabled audisystems are preferred because they can guide a couple of gadgets and provide wide connectivity. Other technologies like NFC are alsbeing included in transportable Bluetooth audisystems. In phrases of utility, indoor wireless audisystems, particularly clever speakers, are developing quickly, pushed by the adoption of voice-enabled gadgets, while outdoor speakers, which give capabilities like voice assistants and Wi-Fi/Bluetooth abilities, are gaining traction for outside use.
The North America region led the wireless speakers market by benefitting a size of USD 3.46 billion in 2018 due texcessive charges of subscriber penetration of cellular broadband and sturdy tiers of information utilization.
The leading players in the wireless speakers market play a crucial role in shaping its growth trajectory and setting industry standards. Key companies, such as Apple Inc., Harman International Industries Inc., Bose Corporation, Sonos Inc., LG Electronics, Samsung Electronics Co. Ltd., Sony Corporation, Amazon.com Inc., DEI Holdings Inc., and Altec Lansing, contribute ta competitive landscape, driving innovation and market advancement. These companies continuously enhance product offerings, integrate advanced technologies, and expand their market presence, ensuring steady growth and transformation in the wireless speakers sector.
In August 2019, Bose Corporation introduced its portable domestic speaker, a compact and pretty versatile device. This battery-powered speaker integrates Bluetooth, Wi-Fi, and voice control technologies, making it perfect for use both exterior and for the duration of the house or from room troom.
Segmentation Table
ATTRIBUTE DETAILS
Study Period - 2015-2026
Base Year - 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Value (USD billion)
By Technology
- Bluetooth
- Wi-Fi
- Voice-enabled Speakers
- Others (NFC, Airplay)
- In-door
- Outdoor
- North America (the U.S. and Canada)
- Europe (UK, Germany, France, Scandinavia, and the Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia and the Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
- Latin America (Brazil, Argentina, Mexicand the Rest of Latin America)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porters Five Forces Analysis
- 5. Global Wireless Speakers Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecasts
- 5.2.1. By Technology (Value)
- 5.2.1.1. Bluetooth
- 5.2.1.2. Wi-Fi
- 5.2.1.3. Voice-enabled speakers
- 5.2.1.4. Others
- 5.2.2. By Application (Value)
- 5.2.2.1. In-door
- 5.2.2.2. Outdoor
- 5.2.3. By Geography (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. Middle East and Africa
- 5.2.3.5. Latin America
- 6. North America Wireless Speakers Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecasts
- 6.2.1. By Technology (Value)
- 6.2.1.1. Bluetooth
- 6.2.1.2. Wi-Fi
- 6.2.1.3. Voice-enabled speakers
- 6.2.1.4. Others
- 6.2.2. By Application (Value)
- 6.2.2.1. In-door
- 6.2.2.2. Outdoor
- 6.2.3. By Country (Value)
- 6.2.3.1. United States
- 6.2.3.2. Canada
- 7. Europe Wireless Speakers Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecasts
- 7.2.1. By Technology (Value)
- 7.2.1.1. Bluetooth
- 7.2.1.2. Wi-Fi
- 7.2.1.3. Voice-enabled speakers
- 7.2.1.4. Others
- 7.2.2. By Application (Value)
- 7.2.2.1. In-door
- 7.2.2.2. Outdoor
- 7.2.3. By Country (Value)
- 7.2.3.1. U.K.
- 7.2.3.2. Germany
- 7.2.3.3. France
- 7.2.3.4. Scandinavia
- 7.2.3.5. Rest of Europe
- 8. Asia Pacific Wireless Speakers Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecasts
- 8.2.1. By Technology (Value)
- 8.2.1.1. Bluetooth
- 8.2.1.2. Wi-Fi
- 8.2.1.3. Voice-enabled speakers
- 8.2.1.4. Others
- 8.2.2. By Application (Value)
- 8.2.2.1. In-door
- 8.2.2.2. Outdoor
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.2. Japan
- 8.2.3.3. India
- 8.2.3.4. South East Asia
- 8.2.3.5. Rest of APAC
- 9. Middle East and Africa Wireless Speakers Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecasts
- 9.2.1. By Technology (Value)
- 9.2.1.1. Bluetooth
- 9.2.1.2. Wi-Fi
- 9.2.1.3. Voice-enabled speakers
- 9.2.1.4. Others
- 9.2.2. By Application (Value)
- 9.2.2.1. In-door
- 9.2.2.2. Outdoor
- 9.2.3. By Country (Value)
- 9.2.3.1. GCC
- 9.2.3.2. South Africa
- 9.2.3.3. Rest of MEA
- 10. Latin America Wireless Speakers Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecasts
- 10.2.1. By Technology (Value)
- 10.2.1.1. Bluetooth
- 10.2.1.2. Wi-Fi
- 10.2.1.3. Voice-enabled speakers
- 10.2.1.4. Others
- 10.2.2. By Application (Value)
- 10.2.2.1. In-door
- 10.2.2.2. Outdoor
- 10.2.3. By Country (Value)
- 10.2.3.1. Brazil
- 10.2.3.2. Argentina
- 10.2.3.3. Mexico
- 10.2.3.4. Rest of LATAM
- 11. Competition Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 12. Global Wireless Speakers Market Revenue Share Analysis, 2018
- 13. Company Profile
- 13.1. Apple Inc.
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. Harman International Industries Inc.
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. Bose Corporation
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Sonos Inc.
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. LG Electronics
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. Samsung electronics co., LTD
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. Sony Corporation
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7.5. Recent Developments
- 13.8. Amazon.com, Inc.
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8.5. Recent Developments
- 13.9. DEI Holdings, Inc.
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9.5. Recent Developments
- 13.10. Altec Lansing
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10.5. Recent Developments
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