Market Overview:
The global WiFi 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 portable and stationary WiFi speakers from various applications such as home, commercial, automotive, and others. Additionally, the growing demand for high-quality audio content is also fueling the growth of this market. North America accounted for the largest share of the global WiFi speakers market in 2017 and is expected to maintain its dominance during the forecast period.
Product Definition:
WiFi Speakers are devices that allow users to wirelessly stream audio content from their smartphones, tablets, or laptops to a speaker. WiFi Speakers can be used for a variety of purposes, including listening to music, watching videos, and playing games. Some WiFi Speakers also have built-in voice assistants like Amazon's Alexa or Apple's Siri which allow users to control various aspects of their device with voice commands.
Portable:
Portable is the new trend in the market of WiFi speakers. The growth factor can be attributed to its portability, which allows consumers to take their music with them no matter where they are. Consumers have been looking for ways to enhance their lifestyle and improve their quality of life by spending less time at home and more time on vacation or traveling.
Stationary:
Stationary is a device that is fixed to a specific location and used to deliver WiFi-enabled services. It can be used for providing internet access, streaming audio or video, making VoIP calls, etc. The stationary devices are connected to the network either through wireless or wired connections.
The global stationary and it's usage in the WiFi speakers market size was valued at USD 6,500 million in 2016.
Application Insights:
The commercial application segment dominated the global WiFi speakers market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to an increase in demand for high-quality audio systems in hotels, restaurants and other public places. Moreover, with the growing adoption of smart devices among consumers, there has been a rise in demand for wireless speakers that provide enhanced sound quality and are easy to connect to a network. This will drive product demand over the forecast period.
The home application segment is expected register significant gains owing to increasing usage of music streaming services over wired alternatives such as Spotify and Apple Music among others globally coupled with rising adoption rates across various regions including North America.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing disposable income, growing population, rising urbanization, and an increase in spending on electronic devices. Furthermore, emerging economies such as India are focusing on providing high-quality internet services at affordable prices for all citizens. Such factors are expected to drive regional growth over the next eight years.
North America is projected to grow significantly during the forecast period owing to a rise in consumer awareness regarding sound quality and features along with increased spending power of consumers who have more choices about where they shop online or offline. Moreover, UHD TVs with built-in Wi-Fi speakers offer better audio quality than other similar models without Wi-Fi capability; this factor will also contribute towards regional growth over the next eight years. Europe has been one of the early adopters of technology; therefore it has a large number of manufacturers present across various countries including Germany, UK.
Growth Factors:
- Increasing demand for wireless audio devices: The global market for WiFi speakers is expected to grow at a CAGR of more than 20% during the forecast period. This can be attributed to the increasing demand for wireless audio devices, as they offer users a clutter-free listening experience.
- Proliferation of smart homes: With the proliferation of smart homes, there is an increase in the demand for WiFi speakers that can be integrated with home automation systems. These speakers allow users to control various aspects of their home such as lighting, temperature, and security using voice commands.
- Rise in disposable income: A rise in disposable income has led to an increase in spending on consumer electronics products such as WiFi speakers. In addition, consumers are becoming more aware of the benefits offered by these products and are increasingly investing in them.
Scope Of The Report
Report Attributes
Report Details
Report Title
WiFi Speakers Market Research Report
By Type
Portable, Stationary
By Application
Home Application, Commercial, Automotive, Others
By Companies
Sonos, Bose, Amazon, Samsung, Sony, Denon, Edifier, JBL, YAMAHA, Terratec, Pioneer
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global WiFi Speakers Market Report Segments:
The global WiFi Speakers market is segmented on the basis of:
Types
Portable, Stationary
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
Home Application, Commercial, Automotive, Others
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
- Bose
- Amazon
- Samsung
- Sony
- Denon
- Edifier
- JBL
- YAMAHA
- Terratec
- Pioneer
Highlights of The WiFi 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:
- Portable
- Stationary
- By Application:
- Home Application
- Commercial
- Automotive
- Others
- 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 WiFi 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?
WiFi speakers are a type of wireless speaker that uses WiFi to connect to the internet. This allows you to stream music from your phone or other device, or use the speaker's built-in microphone to make calls.
Some of the major players in the wifi speakers market are Sonos, Bose, Amazon, Samsung, Sony, Denon, Edifier, JBL, YAMAHA, Terratec, Pioneer.
The wifi speakers market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 WiFi 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 WiFi Speakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 WiFi 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 WiFi 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 WiFi Speakers Market Size & Forecast, 2020-2028
4.5.1 WiFi Speakers Market Size and Y-o-Y Growth
4.5.2 WiFi 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 Portable
5.2.2 Stationary
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 Home Application
6.2.2 Commercial
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global WiFi 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 WiFi 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 Portable
9.6.2 Stationary
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 Home Application
9.10.2 Commercial
9.10.3 Automotive
9.10.4 Others
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 Portable
10.6.2 Stationary
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 Home Application
10.10.2 Commercial
10.10.3 Automotive
10.10.4 Others
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 Portable
11.6.2 Stationary
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 Home Application
11.10.2 Commercial
11.10.3 Automotive
11.10.4 Others
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 Portable
12.6.2 Stationary
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 Home Application
12.10.2 Commercial
12.10.3 Automotive
12.10.4 Others
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 Portable
13.6.2 Stationary
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 Home Application
13.10.2 Commercial
13.10.3 Automotive
13.10.4 Others
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 WiFi Speakers Market: Competitive Dashboard
14.2 Global WiFi Speakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sonos
14.3.2 Bose
14.3.3 Amazon
14.3.4 Samsung
14.3.5 Sony
14.3.6 Denon
14.3.7 Edifier
14.3.8 JBL
14.3.9 YAMAHA
14.3.10 Terratec
14.3.11 Pioneer
