Market Overview:
The global high-end wireless speakers market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-quality audio products and the growing trend of home automation. In terms of type, the Bluetooth segment is expected to lead the global high-end wireless speakers market during the forecast period, owing to its low cost and easy connectivity. However, Wi-Fi speakers are expected to witness higher growth rates as they offer better sound quality and are more reliable than Bluetooth speakers. In terms of application, household applications are expected to dominate the global high-end wireless speaker market during the forecast period as consumers are increasingly opting for these devices for home entertainment purposes.
Product Definition:
A high-end wireless speaker is a powerful and expensive audio device that can be used to play music from a smartphone, computer, or other electronic device. They are often used in homes and businesses to provide high quality sound for a large area. High end wireless speakers can range in price from several hundred dollars to several thousand dollars.
Bluetooth:
Bluetooth is a wireless technology for connecting electronic devices, most commonly used in the personal area network (2-way communication) and near field communications (RFID tags). It provides secure connection and easy setup between two devices. The technology has been around for more than 10 years but only recently has it started to gain market penetration due to its increased convenience and user friendliness.
Bluetooth allows audio streaming from mobile phones or laptops over speakers, headsets or headphones.
Wi-Fi:
Wi-Fi is a wireless technology used in personal and commercial areas for communication. It provides access to the internet and allows users to send emails, surf the web, share files, etc. Wi-Fi speakers are connected with a wireless network or an internet service provider (ISP) that delivers audio content from various sources such as music streaming services or online radio stations directly into their systems without any conversion.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth owing to rising adoption of high end wireless speakers in various commercial applications including hotels, restaurants and clubs among others. Commercial places such as pubs and bars are one of the highest revenue generating segments for music streaming apps, which also drive demand for high end wireless speakers at a global level.
Household application is projected to be the fastest-growing segment with a CAGR exceeding 11% from 2018 to 2030 due to increasing adoption rate of smartphones worldwide coupled with growing preference for premium audio experience by consumers globally.
Regional Analysis:
North America dominated the global high end wireless speakers market in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing penetration of smart devices, growing demand for music and sound quality, and rising trend of multi-room audio systems among consumers in U.S., as well as Canada. Europe accounted for a significant share of the overall revenue in 2017 owing to growing popularity of Wi-Fi enabled speakers across countries like Germany, France, Italy, and U.K.
Growth Factors:
- Increasing demand for high-quality audio systems in both residential and commercial applications
- Growing popularity of wireless speakers among consumers due to their portability and convenience
- Proliferation of digital streaming services such as Spotify, Apple Music, and Pandora that have led to an increase in demand for high-end wireless speakers
- Rapid advancements in audio technology that have resulted in better sound quality from wireless speakers
- Rising disposable income levels among consumers worldwide that are enabling them to purchase more expensive audio equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
High End Wireless Speakers Market Research Report
By Type
Bluetooth, Wi-Fi
By Application
Household, Commercial
By Companies
Sonos, Denon, Klipsch, YAMAHA, Pioneer, Sennheiser, Devialet, JBL, Bose, Samsung, Sony
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global High End Wireless Speakers Market Report Segments:
The global High End Wireless Speakers market is segmented on the basis of:
Types
Bluetooth, Wi-Fi
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sonos
- Denon
- Klipsch
- YAMAHA
- Pioneer
- Sennheiser
- Devialet
- JBL
- Bose
- Samsung
- Sony
Highlights of The High End Wireless Speakers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bluetooth
- Wi-Fi
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High End Wireless Speakers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High end wireless speakers are typically more expensive than other types of wireless speakers, but they offer better sound quality. They may also have features such as built-in amplification, a wider range of audio output, and a higher volume capacity.
Some of the major companies in the high end wireless speakers market are Sonos, Denon, Klipsch, YAMAHA, Pioneer, Sennheiser, Devialet, JBL, Bose, Samsung, Sony.
The high end wireless speakers market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High End Wireless Speakers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High End Wireless Speakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High End Wireless Speakers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High End Wireless Speakers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High End Wireless Speakers Market Size & Forecast, 2020-2028
4.5.1 High End Wireless Speakers Market Size and Y-o-Y Growth
4.5.2 High End Wireless Speakers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bluetooth
5.2.2 Wi-Fi
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High End Wireless Speakers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High End Wireless Speakers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bluetooth
9.6.2 Wi-Fi
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bluetooth
10.6.2 Wi-Fi
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bluetooth
11.6.2 Wi-Fi
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bluetooth
12.6.2 Wi-Fi
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bluetooth
13.6.2 Wi-Fi
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High End Wireless Speakers Market: Competitive Dashboard
14.2 Global High End Wireless Speakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sonos
14.3.2 Denon
14.3.3 Klipsch
14.3.4 YAMAHA
14.3.5 Pioneer
14.3.6 Sennheiser
14.3.7 Devialet
14.3.8 JBL
14.3.9 Bose
14.3.10 Samsung
14.3.11 Sony
