Global Wireless Speakers Market Outlook, Opportunities And Strategies
Learn about the global wireless speakers market through The Business Research Company, which provides information on wireless speakers market size, wireless speakers market drivers and restraints, wireless speakers market players, the COVID-19 impact on the wireless speakers market, and more.
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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%.
The increase in preference for portable speakers is expected to drive innovation in wireless speakers manufacturing, thus driving the market during the forecast period.
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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.
Global wireless speakers market segments include:
By Product: Bluetooth Speakers, Wi-Fi Speakers
By End User: Residential, Commercial
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.
Advanced technologies such as AI-assisted devices are an emerging trend in the wireless speakers market. 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.
TBRC’s wireless speakers market report covers:
Major Market Players: Beats Electronics, Bose, Harman, Samsung and Sony.
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)
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, leading competitor revenues, profiles and market shares.
TBRC’s 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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