Market Overview:
The global wireless speaker 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 wireless speakers, rising disposable income, and growing urbanization. In terms of type, the Bluetooth technology segment is expected to lead the global wireless speaker market during the forecast period. This can be attributed to its low cost and easy connectivity with other devices. In terms of application, the household segment is expected to lead the global wireless speaker market during the forecast period.
Product Definition:
Wireless Speaker is a device that emits sound without the need for any cables. It is often used in conjunction with a smartphone or laptop to play music, podcasts, or other audio content.
Bluetooth Technology:
Bluetooth technology is a short-range wireless technology for connecting electronic devices, such as mobile phones, tablets and computers. It provides a means to connect compatible devices without cables. Bluetooth can be used to wirelessly stream audio content from a portable media player or laptop computer to the speakers.
Wi-Fi Technology:
Wi-Fi, or Wireless Fidelity is a wireless technology used in personal and commercial applications for the transfer of data over short distances. It allows high-speed communication between devices using compatible radio frequencies. Wi-Fi6 is an upcoming next generation wireless technology that will allow higher connection speeds up to one gigabit per second.
Is there any difference between WLAN and Wifi? No, there is no difference between WLAN and wifi in name only.
Application Insights:
The commercial segment dominated the global wireless speaker 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 at restaurants, hotels and other public gathering places. Moreover, rising adoption of smart speakers is also expected to drive the demand over the forecast period as these devices enable users to play music through online speakers without connecting them with their phones directly.
The household application segment is expected to witness significant growth over the forecast period owing to growing consumer preference for multiroom audio system that enables them listen music from different sources via Bluetooth or Wi-Fi connections on their smartphones or tablets. In addition, increasing penetration of 4K UHD TVs has led consumers towards purchasing wireless speakers with superior sound quality and clarity as they can now receive a better experience by just sitting back and listening without having touse mobile devices throughoutthe day.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing disposable income, growing population, and rising adoption of wireless technology in emerging economies such as India and China. Moreover, these countries are home to some of the largest consumer electronics markets such as India and China which has resulted in increased demand for portable speakers across all categories including premium sound systems, small & medium size units for home use, large outdoor spaces or parties etc.
North America is expected to witness significant growth over the forecast period owing to increasing penetration of high-quality audio equipment with Wi-Fi connectivity at an affordable price range within homes across U.S., Canada & Mexico along with growing popularity of smart Bluetooth speakers among consumers worldwide.- Increasing number major sports events being held annually within North America region will also drive product sales.
Growth Factors:
- Increasing demand for wireless speakers from the commercial sector
- Rising demand for portable and waterproof wireless speakers
- Proliferation of digital audio players and smartphones
- Growing popularity of online music streaming services
- Technological advancements in wireless speaker technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Speaker Market Research Report
By Type
Bluetooth Technology, Wi-Fi Technology, Infrared Technology
By Application
Household, Commercial
By Companies
Sonos, Bose, Amazon, Samsung, Sony, Denon, Edifier, JBL, YAMAHA, Terratec, Sonos, Logitech, LG, Bose, Philips, Beats, Samsung
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Speaker Market Report Segments:
The global Wireless Speaker market is segmented on the basis of:
Types
Bluetooth Technology, Wi-Fi Technology, Infrared Technology
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
- Bose
- Amazon
- Samsung
- Sony
- Denon
- Edifier
- JBL
- YAMAHA
- Terratec
- Sonos
- Logitech
- LG
- Bose
- Philips
- Beats
- Samsung
Highlights of The Wireless Speaker 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 Technology
- Wi-Fi Technology
- Infrared Technology
- 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 Wireless Speaker 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?
A wireless speaker is a small, portable audio device that uses radio waves to send sound from its speakers through the air. This technology is different from traditional speakers, which use electrical current to produce sound. Wireless speakers are often smaller and more portable than traditional speakers, making them easier to take with you wherever you go.
Some of the key players operating in the wireless speaker market are Sonos, Bose, Amazon, Samsung, Sony, Denon, Edifier, JBL, YAMAHA, Terratec, Sonos, Logitech, LG, Bose, Philips, Beats, Samsung.
The wireless speaker 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 Wireless Speaker 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 Wireless Speaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wireless Speaker 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 Wireless Speaker 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 Wireless Speaker Market Size & Forecast, 2018-2028
4.5.1 Wireless Speaker Market Size and Y-o-Y Growth
4.5.2 Wireless Speaker Market Absolute $ Opportunity
Chapter 5 Global Wireless Speaker 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 Wireless Speaker Market Size Forecast by Type
5.2.1 Bluetooth Technology
5.2.2 Wi-Fi Technology
5.2.3 Infrared Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wireless Speaker 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 Wireless Speaker Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Speaker 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 Wireless Speaker 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 Wireless Speaker Analysis and Forecast
9.1 Introduction
9.2 North America Wireless Speaker 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 Wireless Speaker Market Size Forecast by Type
9.6.1 Bluetooth Technology
9.6.2 Wi-Fi Technology
9.6.3 Infrared Technology
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 Wireless Speaker 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 Wireless Speaker Analysis and Forecast
10.1 Introduction
10.2 Europe Wireless Speaker 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 Wireless Speaker Market Size Forecast by Type
10.6.1 Bluetooth Technology
10.6.2 Wi-Fi Technology
10.6.3 Infrared Technology
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 Wireless Speaker 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 Wireless Speaker Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wireless Speaker 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 Wireless Speaker Market Size Forecast by Type
11.6.1 Bluetooth Technology
11.6.2 Wi-Fi Technology
11.6.3 Infrared Technology
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 Wireless Speaker 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 Wireless Speaker Analysis and Forecast
12.1 Introduction
12.2 Latin America Wireless Speaker 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 Wireless Speaker Market Size Forecast by Type
12.6.1 Bluetooth Technology
12.6.2 Wi-Fi Technology
12.6.3 Infrared Technology
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 Wireless Speaker 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) Wireless Speaker Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wireless Speaker 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) Wireless Speaker Market Size Forecast by Type
13.6.1 Bluetooth Technology
13.6.2 Wi-Fi Technology
13.6.3 Infrared Technology
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) Wireless Speaker 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 Wireless Speaker Market: Competitive Dashboard
14.2 Global Wireless Speaker 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 Sonos
14.3.12 Logitech
14.3.13 LG
14.3.14 Bose
14.3.15 Philips
14.3.16 Beats
14.3.17 Samsung
