Market Overview:
The global portable speakers market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for portable speakers from various end-use applications, such as indoor and outdoor use. In addition, the growing trend of using wireless technology in portable speakers is also contributing to the growth of this market. On the basis of type, active speaker held a major share of the global portable speaker market in 2017 and is expected to maintain its dominance during the forecast period. Active speakers are powered by an amplifier that drives one or more loudspeakers, which results in better sound quality as compared to passive speakers. On account of these factors, active speaker is expected to witness high demand from various end-use applications over passive speaker during the forecast period. In terms of application, indoor use accounted for a majority share of the global Portable Speaker Market in 2017 and is projected to maintain its dominance throughout 2030 owing to rising adoption among consumers for home entertainment purposes such as listening music.
Product Definition:
A small, battery-powered speaker that can be easily moved around. Portable speakers are often used to amplify the sound from a smartphone or laptop.
Active Speaker:
Active speaker is a device that produces audio output through its own speakers. It has an amplifier and a power source (battery or plug in) separate from the main unit. The active speaker usually consists of a small flat panel transducer, which creates the acoustic sound field with the help of some kind of amplification system.
The size and cost make it convenient to use them in public spaces such as bus stop, railway station, airport etc.
Passive Speaker:
Passive speaker is a device that converts electrical energy into sound waves using the principle of electromagnetic induction. The most common types of passive speakers include air-borne and floor-borne.
Application Insights:
Indoor use accounted for more than 70.0% share of the global revenue in 2017. The demand is expected to increase significantly owing to the rising adoption of smart home systems, which are gaining traction among consumers globally. Portable speakers serve as an essential component in smart home systems as they allow users to control and monitor various functions from their smartphones or tablets remotely using a Wi-Fi connection. Moreover, these devices help create a better audio experience by amplifying sound through built-in microphones and speakers, thereby enhancing user satisfaction further.
The outdoor use segment is projected to expand at a CAGR of XX% from 2018 to 2030 owingto the growing usage of portable Bluetooth speakers for listening music while working out or jogging outdoors on holidays or camping trips with friends.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product demand from developing countries such as India, China, and Japan. Furthermore, rising disposable income levels coupled with a growing middle-class population base will drive the regional market further.
North America is projected to witness significant growth over the next eight years owing to increased consumer spending on portable audio equipment for both indoor and outdoor applications. Moreover, presence of key manufacturers in countries such as U.S., Canada has led North America being at par with Europe when it comes to technological advancements within speakers industry space; hence making it one of most competitive regions globally along with Asia Pacific region that accounted for majority share in 2017 due to high demand from developing nations like India China etcetera).
Growth Factors:
- Increasing demand for portable speakers from the young population as a result of growing disposable income and changing lifestyle trends.
- Rapid technological advancements in portable speaker design and features, making them more compact, durable and user-friendly.
- Rising popularity of outdoor activities and events, which has created a larger demand for portable speakers that can be easily carried around.
- Growing trend of using personal audio devices to listen to music or watch videos, especially among millennials, driving the demand for portable speakers with better sound quality and features.
- Increasing number of online retail platforms offering a wide range of affordable portable speaker options with different designs and features to choose from
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Speakers Market Research Report
By Type
Active Speaker, Passive Speaker
By Application
Indoor Use, Outdoor Use
By Companies
HMDX, JBL, Logitech, Sony, Bose, Philips, Samsung, ILive, ION, Beats by Dr. Dre, Fugoo, Harman Kardon
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Portable Speakers Market Report Segments:
The global Portable Speakers market is segmented on the basis of:
Types
Active Speaker, Passive Speaker
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
Indoor Use, Outdoor Use
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:
- HMDX
- JBL
- Logitech
- Sony
- Bose
- Philips
- Samsung
- ILive
- ION
- Beats by Dr. Dre
- Fugoo
- Harman Kardon
Highlights of The Portable 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:
- Active Speaker
- Passive Speaker
- By Application:
- Indoor Use
- Outdoor Use
- 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 Portable 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Portable speakers are small, lightweight devices that can be easily carried around and used to listen to music or audio content. They typically have a small speaker and a headphone jack, making them convenient for use when travelling or when you need to take your audio with you on the go.
Some of the major companies in the portable speakers market are HMDX, JBL, Logitech, Sony, Bose, Philips, Samsung, ILive, ION, Beats by Dr. Dre, Fugoo, Harman Kardon.
The portable speakers market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Speakers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Speakers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Speakers Market - Supply Chain
4.5. Global Portable Speakers Market Forecast
4.5.1. Portable Speakers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Speakers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Speakers Market Absolute $ Opportunity
5. Global Portable Speakers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Portable Speakers Market Size and Volume Forecast by Type
5.3.1. Active Speaker
5.3.2. Passive Speaker
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Speakers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Portable Speakers Market Size and Volume Forecast by Application
6.3.1. Indoor Use
6.3.2. Outdoor Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Speakers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Portable Speakers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Portable Speakers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Portable Speakers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Portable Speakers Demand Share Forecast, 2019-2026
9. North America Portable Speakers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Portable Speakers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Portable Speakers Market Size and Volume Forecast by Application
9.4.1. Indoor Use
9.4.2. Outdoor Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Speakers Market Size and Volume Forecast by Type
9.7.1. Active Speaker
9.7.2. Passive Speaker
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Portable Speakers Demand Share Forecast, 2019-2026
10. Latin America Portable Speakers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Portable Speakers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Portable Speakers Market Size and Volume Forecast by Application
10.4.1. Indoor Use
10.4.2. Outdoor Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Speakers Market Size and Volume Forecast by Type
10.7.1. Active Speaker
10.7.2. Passive Speaker
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Portable Speakers Demand Share Forecast, 2019-2026
11. Europe Portable Speakers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Portable Speakers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Portable Speakers Market Size and Volume Forecast by Application
11.4.1. Indoor Use
11.4.2. Outdoor Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Speakers Market Size and Volume Forecast by Type
11.7.1. Active Speaker
11.7.2. Passive Speaker
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market AttractivenessGrowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Portable Speakers Demand Share, 2019-2026
12. Asia Pacific Portable Speakers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Portable Speakers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Portable Speakers Market Size and Volume Forecast by Application
12.4.1. Indoor Use
12.4.2. Outdoor Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Speakers Market Size and Volume Forecast by Type
12.7.1. Active Speaker
12.7.2. Passive Speaker
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Portable Speakers Demand Share, 2019-2026
13. Middle East & Africa Portable Speakers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Portable Speakers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Portable Speakers Market Size and Volume Forecast by Application
13.4.1. Indoor Use
13.4.2. Outdoor Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Speakers Market Size and Volume Forecast by Type
13.7.1. Active Speaker
13.7.2. Passive Speaker
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Portable Speakers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Speakers Market: Market Share Analysis
14.2. Portable Speakers Distributors and Customers
14.3. Portable Speakers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HMDX
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. JBL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Logitech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sony
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bose
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Philips
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Samsung
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ILive
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ION
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Beats by Dr. Dre
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fugoo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Harman Kardon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
