The Global Wireless Speakers Market Report by The Business Research Company covers wireless speakers market drivers and restraints, wireless speakers market size, major players, and the impact of COVID-19 on the wireless speakers market.
The wireless speakers market consists of sales of wireless speakers such as Bluetooth speakers and Wi-Fi speakers and related services. Wireless speakers receive sound signals in the form of radio frequency waves and amplify the sound.
The increase in preference for portable speakers is an important driver for the wireless speakers market. This is mainly because wireless speakers come at affordable prices and are convenient to use.
The global wireless speakers market is expected to grow from $15.03 billion in 2020 to $17.53 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The wireless speakers market is expected to reach $32.71 billion in 2025 at a CAGR of 16.9%.
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Some wireless speakers market trends include advanced technologies such as AI-assisted devices. This is mainly due to ease of use of AI-enabled wireless speakers that provide features such as voice recognition, allowing users to control the functioning of the speakers using voice commands. The wireless speakers based on AI software use cloud which offers a steady base for storage of data and enables quick access to the data.
Global wireless speakers market segments include:
1) By Product: Bluetooth Speakers, Wi-Fi-Speakers.
2) By End User: Residential, Commercial.
3) By Type: Fixed, Portable.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Wireless Speakers Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides wireless speakers market overviews, analyzes and forecasts market size, share, wireless speakers market players, wireless speakers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The wireless speakers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Wireless Speakers Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Beats Electronics, Bose, Harman, Samsung, Sony, Panasonic, Plantronics, Skullcandy, Alphabet (Google), LG Electronics, Logitech International, Sennheiser, Sharp, JBL, Apple, Philips, iBall, Creative Technology, VOXX Electronics Corp, YAMAHA , DOSS, Pioneer, Polk Audio, Sonos, Altec Lansing, Avnera, Braven, Xiaomi, Telefónica.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Wireless Speakers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Wireless Speakers Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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