About Bluetooth Speakers
Bluetooth speakers are wireless portable audio devices that receive audio signals over low-power radio waves instead of audio cables. For ideal exchange of data, the receiver should be within the defined range of wireless transfer capability of the speaker. The Bluetooth speaker market includes the following types of devices: AC-only Bluetooth speakers, DC-only Bluetooth speakers, and AC/DC Bluetooth speakers
Technavio’s analysts forecast the global bluetooth speaker market to grow at a CAGR of 32.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the the global bluetooth speaker market for 2016-2020. To calculate the market size, the report considers the generated from the sales of bluetooth speakers.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bluetooth Speaker Market 2016-2020
Technavio recognizes the following companies as the key players in the global bluetooth speaker market:
Beats Electronics, Bose, Harman, Samsung, and Sony.
Other Prominent Vendors in the market are:
Altec Lansing, Avnera, Braven, Cambridge SoundWorks, Creative Technology, Denon Electronics, Jawbone, JBL, JVC Kenwood, LG Electronics, Logitech, Panasonic, Koninklijke Philips, Pioneer, Plantronics, Sennheiser, Sharp, Shure, Sonos, Supersonic, Voxx, and Yamaha.
Commenting on the report, an analyst from Technavio’s team said: “Growing popularity of multi-room streaming is a key trend in this market. The advent of networked audio means the removal of much of the efforts, expense, and time, as all the audio devices are wirelessly connected with technologies such as Bluetooth, Wi-Fi, or AirPlay. These technologies help separate a system’s physical and logical connections, which further means that a single network carries multiple channels, making it possible to make infrastructure changes relatively cheaply, quickly and inexpensively. The growing trend of maintaining speakers in all the rooms is expediting the growth of the Bluetooth speakers market.”
According to the report, wireless streaming of audio content is one of the major factors driving the sale of Bluetooth speakers globally. Modern devices like laptops, smartphones, and tablets are equipped with Wi-Fi and Bluetooth connectivity enabling impressive streaming of content, which is another driving factor supporting the growth of the bluetooth speaker market.
Further, the report states that the easy availability of counterfeit products is a major challenge faced by leading manufacturers. APAC is considered as the hub for counterfeit products. Consumers are attracted towards counterfeit products because of their popularity, easy availability, low cost, and resemblance to big brands. These attributes are likely to intensify the competition in the bluetooth speaker market.
Beats Electronics, Bose, Harman, Samsung, Sony, Altec Lansing, Avnera, Braven, Cambridge SoundWorks, Creative Technology, Denon Electronics, Jawbone, JBL, JVC Kenwood, LG Electronics, Logitech, Panasonic, Koninklijke Philips, Pioneer, Plantronics, Sennheiser, Sharp, Shure, Sonos, Supersonic, Voxx, Yamaha.