Portable Bluetooth Speakers Market
Segments - by Applications (Residential and Commercial), Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global portable bluetooth speakers market is projected to expand at a robust CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing proliferation of connected devices.
An amplifier or loudspeaker with Bluetooth connectivity can be paired with consumer electronics such as smartphones, laptops, and tablets. Bluetooth speakers receive digital audio wirelessly through Bluetooth protocol when paired with Bluetooth enabled digital audio devices.
Portable Bluetooth speakers have a rechargeable battery and are now built waterproof or splash-proof. Bluetooth devices use radio frequency frequently to connect with other devices, which allows devices to be connected even if they are not in same line of view.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing demand for infotainment offerings is driving the growth of the market.
- Rising demand for audio devices during the travel time is propelling the market growth.
- Growing number of technological advancements is speculated to spur the market growth.
- High cost of maintenance can hinder the growth of the market
- Increasing penetration of Internet and smartphones is driving the growth of the market.
- Rapid growth of music streaming market is expected to positively influence the market growth.
Scope of the Report
The report on the portable bluetooth market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Portable Bluetooth Speakers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Applications (Residential and Commercial) and Distribution Channels (Online and Offline) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Harman International Industries, Inc., Apple, Inc., Bose Corp., VOXX Electronics Corp., Plantronics, Inc., Beats Electronics, Sony Corp., Samsung Group, Amazon.com Inc, Sonos Inc. ULTIMATE EARS ,4COM Technologies, Altec Lansing, Avnera Corporation, Creative Technology Ltd., Denon Electronics LLC, Jawbone, JBL, JVC Kenwood Corporation, Koninklijke Philips NV, LG Electronics, Logitech International Pioneer Electronics, Sennheiser Electronics GmbH & Co.KG, Shure Incorporated, SuperSonic, Inc., and Yamaha Corporation |
Portable Bluetooth Market Segment Insights:
Residential segment anticipated to grow at a high CAGR
On the basis of applications, the market is divided into residential and commercial. The residential segment is anticipated to grow at a high CAGR during the forecast period. Increasing adoption of home theatre systems and smart homes have resulted in increase in the demand for portable bluetooth speakers. On the other hand, the commercial segment is anticipated register a CAGR of over 10% during the forecast period. New products launches for the commercial sector is expected to propel the segment growth.
Online segment anticipated to grow at a rapid pace
Based on distribution channels, the market is divided into online and offline. The online segment is anticipated to expand at a rapid pace owing to the rising influence of digital media and marketing. Increasing population and rising penetration of smartphones are driving the growth of the market segment. Conversely, the offline segment accounted for a large market share in 2020, in terms of revenue. Offline channels exhibit detailed analysis of the technology infused in the product to ease the buying decision.
North America segment accounts for a significant market share
In terms of regions, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted for a market share of over 30% in 2020, in terms of revenue. High market visibility of smart bluetooth speakers and growing number of smart home systems in the US and Canada are projected to drive the regional market growth. Moreover, adoption of latest technology is expected to spur the growth of the market in the region. Conversely, the market in Asia Pacific is expected to grow at a high CAGR owing to increasing demand for infotainment offerings.
Segments
The portable Bluetooth market has been segmented on the basis of
Applications
- Residential
- Commercial
Distribution Channels
- Online
- Offline
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Harman International Industries, Inc.
- Apple, Inc.
- Bose Corp.
- VOXX Electronics Corp.
- Plantronics, Inc.
- Beats Electronics
- Sony Corp.
- Samsung Group
- Amazon.com Inc
- Sonos Inc.
- ULTIMATE EARS
- 4COM Technologies
- Altec Lansing
- Avnera Corporation
- Creative Technology Ltd.
- Denon Electronics LLC
- Jawbone
- JBL
- JVC Kenwood Corporation
- Koninklijke Philips NV
- LG Electronics
- Logitech International Pioneer Electronics
- Sennheiser Electronics GmbH & Co.KG
- Shure Incorporated
- SuperSonic, Inc.
- Yamaha Corporation
Competitive Landscape
Major players of the market are Harman International Industries, Inc., Apple, Inc., Bose Corp., VOXX Electronics Corp., Plantronics, Inc., Beats Electronics, Sony Corp., Samsung Group, Amazon.com Inc, Sonos Inc. ULTIMATE EARS, 4COM Technologies, Altec Lansing, Avnera Corporation, Creative Technology Ltd., Denon Electronics LLC, Jawbone, JBL, JVC Kenwood Corporation, Koninklijke Philips NV, LG Electronics, Logitech International Pioneer Electronics, Sennheiser Electronics GmbH & Co.KG, Shure Incorporated, SuperSonic, Inc., and Yamaha Corporation.
Companies are engaging in partnership, collaboration, and mergers. Moreover, the companies are focusing on expanding their product portfolio to expand their expand share.
In 2019, Sony Corporation launched its first ever Bluetooth speakers that focus on outdoor usage. Sony GTK-PG10 provides 13 hours battery backup and also has an integrated digital signal processor that automatically adjusts to the sound-based to its surroundings.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Bluetooth Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Bluetooth Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Bluetooth Market - Supply Chain
4.5. Global Portable Bluetooth Market Forecast
4.5.1. Portable Bluetooth Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Bluetooth Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Portable Bluetooth Market Absolute $ Opportunity
5. Global Portable Bluetooth Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Portable Bluetooth Market Size and Volume Forecast by Applications
5.3.1. Residential
5.3.2. Commercial
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Portable Bluetooth Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Portable Bluetooth Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Portable Bluetooth Demand Share Forecast, 2019-2026
7. North America Portable Bluetooth Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Portable Bluetooth Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Portable Bluetooth Market Size and Volume Forecast by Applications
7.4.1. Residential
7.4.2. Commercial
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Portable Bluetooth Demand Share Forecast, 2019-2026
8. Latin America Portable Bluetooth Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Portable Bluetooth Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Portable Bluetooth Market Size and Volume Forecast by Applications
8.4.1. Residential
8.4.2. Commercial
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Portable Bluetooth Demand Share Forecast, 2019-2026
9. Europe Portable Bluetooth Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Portable Bluetooth Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Portable Bluetooth Market Size and Volume Forecast by Applications
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Portable Bluetooth Demand Share Forecast, 2019-2026
10. Asia Pacific Portable Bluetooth Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Portable Bluetooth Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Portable Bluetooth Market Size and Volume Forecast by Applications
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Portable Bluetooth Demand Share Forecast, 2019-2026
11. Middle East & Africa Portable Bluetooth Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Portable Bluetooth Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Portable Bluetooth Market Size and Volume Forecast by Applications
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Portable Bluetooth Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Portable Bluetooth Market: Market Share Analysis
12.2. Portable Bluetooth Distributors and Customers
12.3. Portable Bluetooth Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Harman International Industries, Inc.
12.4.2. Apple, Inc.
12.4.3. Bose Corp.
12.4.4. VOXX Electronics Corp.
12.4.5. Plantronics, Inc.
12.4.6. Beats Electronics
12.4.7. Sony Corp.
12.4.8. Samsung Group
12.4.9. Amazon.com Inc
12.4.10. Sonos Inc.
12.4.11. ULTIM
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Bluetooth Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Bluetooth Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Bluetooth Market - Supply Chain
4.5. Global Portable Bluetooth Market Forecast
4.5.1. Portable Bluetooth Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Bluetooth Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Portable Bluetooth Market Absolute $ Opportunity
5. Global Portable Bluetooth Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Portable Bluetooth Market Size and Volume Forecast by Applications
5.3.1. Residential
5.3.2. Commercial
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Portable Bluetooth Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Portable Bluetooth Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Portable Bluetooth Demand Share Forecast, 2019-2026
7. North America Portable Bluetooth Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Portable Bluetooth Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Portable Bluetooth Market Size and Volume Forecast by Applications
7.4.1. Residential
7.4.2. Commercial
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Portable Bluetooth Demand Share Forecast, 2019-2026
8. Latin America Portable Bluetooth Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Portable Bluetooth Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Portable Bluetooth Market Size and Volume Forecast by Applications
8.4.1. Residential
8.4.2. Commercial
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Portable Bluetooth Demand Share Forecast, 2019-2026
9. Europe Portable Bluetooth Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Portable Bluetooth Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Portable Bluetooth Market Size and Volume Forecast by Applications
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Portable Bluetooth Demand Share Forecast, 2019-2026
10. Asia Pacific Portable Bluetooth Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Portable Bluetooth Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Portable Bluetooth Market Size and Volume Forecast by Applications
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Portable Bluetooth Demand Share Forecast, 2019-2026
11. Middle East & Africa Portable Bluetooth Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Portable Bluetooth Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Portable Bluetooth Market Size and Volume Forecast by Applications
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Portable Bluetooth Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Portable Bluetooth Market: Market Share Analysis
12.2. Portable Bluetooth Distributors and Customers
12.3. Portable Bluetooth Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Harman International Industries, Inc.
12.4.2. Apple, Inc.
12.4.3. Bose Corp.
12.4.4. VOXX Electronics Corp.
12.4.5. Plantronics, Inc.
12.4.6. Beats Electronics
12.4.7. Sony Corp.
12.4.8. Samsung Group
12.4.9. Amazon.com Inc
12.4.10. Sonos Inc.
12.4.11. ULTIM
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