Global Portable Speaker Market 2024-2028
The portable speaker market is forecasted to grow by USD 19429.7 mn during 2023-2028, accelerating at a CAGR of 20.62% during the forecast period. The report on the portable speaker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in number of smart homes, increasing innovations in wireless technology, and increasing adoption of wireless audio systems.
Technavio's portable speaker market is segmented as below:
- By Distribution Channel
- Offline
- Online
- By Technology
- Wireless
- Wired
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing popularity of multi-room streaming as one of the prime reasons driving the portable speaker market growth during the next few years. Also, high r and d investments and advent of cloud-hosted music streaming services will lead to sizable demand in the market.
The report on the portable speaker market covers the following areas:
- Portable speaker market sizing
- Portable speaker market forecast
- Portable speaker market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading portable speaker market vendors that include Aliph Brands LLC, Altec Lansing Inc., Apple Inc., Bose Corp., Creative Technology Ltd., Koninklijke Philips N.V., LG Electronics Inc., Logitech International SA, Masimo Corp., Panasonic Holdings Corp., Pioneer Corp., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skyworks Solutions Inc., Sony Group Corp., Truvison Industries Pvt. Ltd., Yamaha Corp., and ZAGG Inc.. Also, the portable speaker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.