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Bluetooth Speakers Market

Global Bluetooth Speakers Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: CP10553
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The increasing requirement for mobility, growing demand of infotainment services, advancements in technologies, and growth in global population are some of the growth drivers of the global bluetooth speakers market. The less power consumption of speakers equipped with bluetooth functionality is also driving the growth of the global bluetooth speakers market. The speaker models equipped with AA batteries consume less power.  Lower power consumption means that less strain is put on the battery. The increasing consumer awareness, growth in wireless technology and growing penetration of smartphones has also intensified the demand of bluetooth audio devices. These devices are gaining pace in the automobile sector, as they give drivers of the vehicle an option to drive and take calls simultaneously.

Bluetooth speakers provide wireless audio streaming. These devices are able to play media from a content source (tablet, laptop, smartphone, or any bluetooth enabled device). Most portable bluetooth devices include a rechargeable lithium polymer battery. Among the wireless portable speakers, class D amplifiers are used widely because of their high efficiency and relatively low cost. The input signal comes directly from the pin-outs on the bluetooth module in a wireless bluetooth audio device. Bluetooth speakers are used to listen to music. Bluetooth speakers work on wireless technology, which allows the user to send and receive files and data without requiring wire. The bluetooth speakers are portable, easy to use, carry, and install.

Moreover, the high portability of bluetooth speakers makes them very convenient to use. Irrespective of their small size, these devices are loud enough and offer 8 to 15 hours of playback time, due to which they can be used for outdoor as well as for indoor applications. The advancements in internet of things (IoT) have also given boost to the growth of the global market. Continuous research and developments in the advancements in bluetooth industry are further driving the growth of the global bluetooth speakers market. IPv6 connectivity, improved speed, and increased privacy supported by the newly launched bluetooth 4.2 represent a huge growth opportunity for the market. The growth of the bluetooth smart speakers market is also mainly triggered by growing availability of accessories and smart wireless sensors.

The high growth rate and high profit margins in the speakers offering bluetooth functionality have caused a price war among the vendors of the global market, which has driven down the price of the speakers. One major limitation of bluetooth speakers is that its playback is limited to a short range. The range of bluetooth speakers can be up to 300 feet but for efficiency’s sake, portable bluetooth devices do not transmit greater than 40 feet. When the source device goes out of the bluetooth range, the speakers are unable to play the music as the connection breaks down, while other wireless technology such as Airplay and Wi-fi offer much wide range of streaming capacity. North America dominates the global bluetooth speakers market followed by Asia-Pacific. Bose Corporation, Harman International Industries Inc., Apple Inc., SAMSUNG, Sony Corporation, VOXX Electronics Corp., Plantronics Inc., are some of the competitors in the global bluetooth speakers market.

Global Bluetooth Speakers Market Segmentation:
By Application

  • Homes
  • Offices
  • Retail
  • Educational
  • Institutions
  • Leisure
  • Other

By Charging Technology

  • AC/DC
  • AC-only
  • DC-only

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

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