Portable Bluetooth Market Size, Share & Growth Report | 2031

Portable Bluetooth Market Size, Share & Growth Report | 2031

Segments - Portable Bluetooth Speakers Market 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 2023 – 2031

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Author : Debadatta Patel
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Fact-checked by : PARTHA PAUL
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Editor : Shruti Bhat

Upcoming | Report ID :CG-391 | 4.2 Rating | 60 Reviews | 148 Pages | Format : PDF Excel PPT

Report Description


Portable Bluetooth Speakers Market Outlook 2031

The global portable bluetooth speakers market size was USD 7.20 Billion in 2022 and is expected to reach USD 20.62 Billion by 2031 projected to expand at a robust CAGR 12.4% during the forecast period, 2023–2031. 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.

Portable Bluetooth Speakers Market Outlook

  • 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 Portable Bluetooth Speakers Market 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

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Applications (Residential and Commercial) and Distribution Channels (Online and Offline)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

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.

Portable Bluetooth Speakers Market Applications

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.

Portable Bluetooth Speakers Market Distribution Channels

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.

Portable Bluetooth Speakers Market Region

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.

Portable Bluetooth Speakers Market Key Players

Table Of Content

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

Methodology

Our Clients

Pfizer
sinopec
Nestle SA
The John Holland Group
Deloitte
General Mills
Siemens Healthcare
Microsoft