Market Overview:
The global wireless home 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 wireless speakers, advancements in Bluetooth and WiFi technology, and rising disposable income of consumers. The global wireless home speakers market is segmented on the basis of type into WiFi technology-based and Bluetooth technology-based home speakers. The WiFi technology-based home speaker segment is expected to grow at a higher CAGR than the Bluetooth technology-based segment during the forecast period from 2018 to 2030. This can be attributed to advancements in WiFi technologies that offer high quality sound output with low latency as compared to Bluetooth technologies. On the basis of application, the global wireless home speakers market is divided into living room, bedroom, and others applications such as office spaces or commercial areas.
Product Definition:
A wireless home speaker is a type of audio speaker that can receive audio signals wirelessly, typically using Bluetooth or Wi-Fi. This allows users to place the speakers anywhere in a room, without having to worry about running cables between the speakers and an audio source such as a phone, tablet, or computer. Wireless home speakers can provide great flexibility for users when setting up their home entertainment systems. In addition, many models come equipped with additional features such as voice assistants (like Amazon's Echo) and Chromecast support which allow users to control their music playback using voice commands or by streaming content directly from their mobile devices.
WiFi Technology:
WiFi technology is a wireless communication protocol, which provides access to the internet. It allows devices to connect to each other, as well as access information from the internet. The technology has been widely used in commercial applications such as coffee shops and hotels but now is also being used in residential applications too. In residential settings, it is primarily used by people who are not near wired networks or who have multiple devices that need internet connectivity.
Bluetooth Technology:
Bluetooth technology is a wireless technology used for connecting two devices, such as smartphones and tablets to audio devices like home speakers or car audio systems. It allows the connection of peripherals including controllers, printers, headsets and microphones to the central computer system. Bluetooth (BT) has become an essential part of our lives; it helps in transferring data from one device to another without any physical contact.
Application Insights:
The living room segment dominated the global wireless home speakers market in 2017. The growing trend of streaming audio and video content through internet has boosted the demand for such speakers. Furthermore, a rise in smart features introduced in these devices to control music and answer questions from Google Assistant or Amazon Alexa is driving their demand further.
The bedroom application segment is expected to witness significant growth over the forecast period owing to rising use of wireless speakers for lullabies, sleep music, white noise machines, etc. Such devices are also being used by parents who wish to listen carefully while their children talk on phones or tablets at night time as they can be heard clearly through these small speakers. Moreover, increasing use of Bluetooth technology allows users seamless connectivity with various mobile devices without wires which is boosting its adoption among consumers globally.
Other applications include outdoor entertainment areas like patios and decks where people gather around fireplaces or open air bars listening music played via wireless indoor/outdoor amplified speaker systems with great clarity.
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 penetration of high-speed internet services, rising disposable income, and growing adoption of wireless entertainment systems in emerging economies such as India and China. Moreover, increasing demand for smart connected homes is also anticipated to drive regional growth over the next eight years.
North America accounted for a significant share owing to early technology adoption by some prominent players such as Logitech International Inc.; Razer Inc.; Bose Corporation; Philips Hue Ltd.; and Jawbone International LLC among others. However, slow growth rate of wireless speakers due to limited product offerings may hinder regional market development during the forecast period from 2018 to 2030.
Europe has been one of the leading consumers of digital music across various regions since 2009 when it first surpassed U.S., according toNielsen SoundScan Europe (SSSE).
Growth Factors:
- Increasing demand for wireless home speakers from the young population
- Rising disposable income of the consumers
- Technological advancements in the field of wireless home speakers
- Growing trend of smart homes and IoT
- Proliferation of online retailing
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Home Speakers Market Research Report
By Type
WiFi Technology, Bluetooth Technology
By Application
Living Room, Bedroom, Others
By Companies
Bose, Harman, Martin Logan, McIntosh, SVS, Sonos, Sony, Yamaha, Sennheiser, Philips, Pioneer, Bowers & Wilkins, Dynaudio, Klipsch, Bang & Olufsen, Definitive Technology, Altec Lansing, KEF, Polk, Paradigm, COTODAMA
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Home Speakers Market Report Segments:
The global Wireless Home Speakers market is segmented on the basis of:
Types
WiFi Technology, Bluetooth 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
Living Room, Bedroom, 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:
- Bose
- Harman
- Martin Logan
- McIntosh
- SVS
- Sonos
- Sony
- Yamaha
- Sennheiser
- Philips
- Pioneer
- Bowers & Wilkins
- Dynaudio
- Klipsch
- Bang & Olufsen
- Definitive Technology
- Altec Lansing
- KEF
- Polk
- Paradigm
- COTODAMA
Highlights of The Wireless Home 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:
- WiFi Technology
- Bluetooth Technology
- By Application:
- Living Room
- Bedroom
- 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 Wireless Home 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.
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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?
Wireless home speakers are a type of speaker that uses wireless technology to connect to an audio source. They can be placed anywhere in the home, and they usually have their own built-in amplifier and speakers. Wireless home speakers are convenient because they don't require any wires to connect them to an audio source, and they're often more affordable than traditional wired speakers.
Some of the key players operating in the wireless home speakers market are Bose, Harman, Martin Logan, McIntosh, SVS, Sonos, Sony, Yamaha, Sennheiser, Philips, Pioneer, Bowers & Wilkins, Dynaudio, Klipsch, Bang & Olufsen, Definitive Technology, Altec Lansing, KEF, Polk, Paradigm, COTODAMA.
The wireless home speakers market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireless Home 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. Wireless Home Speakers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wireless Home Speakers Market - Supply Chain
4.5. Global Wireless Home Speakers Market Forecast
4.5.1. Wireless Home Speakers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wireless Home Speakers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wireless Home Speakers Market Absolute $ Opportunity
5. Global Wireless Home 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. Wireless Home Speakers Market Size and Volume Forecast by Type
5.3.1. WiFi Technology
5.3.2. Bluetooth Technology
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wireless Home 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. Wireless Home Speakers Market Size and Volume Forecast by Application
6.3.1. Living Room
6.3.2. Bedroom
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wireless Home 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. Wireless Home 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 Wireless Home 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. Wireless Home 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 Wireless Home Speakers Demand Share Forecast, 2019-2026
9. North America Wireless Home 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 Wireless Home 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 Wireless Home Speakers Market Size and Volume Forecast by Application
9.4.1. Living Room
9.4.2. Bedroom
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wireless Home Speakers Market Size and Volume Forecast by Type
9.7.1. WiFi Technology
9.7.2. Bluetooth Technology
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 Wireless Home Speakers Demand Share Forecast, 2019-2026
10. Latin America Wireless Home 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 Wireless Home 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 Wireless Home Speakers Market Size and Volume Forecast by Application
10.4.1. Living Room
10.4.2. Bedroom
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wireless Home Speakers Market Size and Volume Forecast by Type
10.7.1. WiFi Technology
10.7.2. Bluetooth Technology
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 Wireless Home Speakers Demand Share Forecast, 2019-2026
11. Europe Wireless Home 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 Wireless Home 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 Wireless Home Speakers Market Size and Volume Forecast by Application
11.4.1. Living Room
11.4.2. Bedroom
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wireless Home Speakers Market Size and Volume Forecast by Type
11.7.1. WiFi Technology
11.7.2. Bluetooth Technology
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth 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 Wireless Home Speakers Demand Share, 2019-2026
12. Asia Pacific Wireless Home 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 Wireless Home 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 Wireless Home Speakers Market Size and Volume Forecast by Application
12.4.1. Living Room
12.4.2. Bedroom
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wireless Home Speakers Market Size and Volume Forecast by Type
12.7.1. WiFi Technology
12.7.2. Bluetooth Technology
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 Wireless Home Speakers Demand Share, 2019-2026
13. Middle East & Africa Wireless Home 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 Wireless Home 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 Wireless Home Speakers Market Size and Volume Forecast by Application
13.4.1. Living Room
13.4.2. Bedroom
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wireless Home Speakers Market Size and Volume Forecast by Type
13.7.1. WiFi Technology
13.7.2. Bluetooth Technology
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 Wireless Home Speakers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wireless Home Speakers Market: Market Share Analysis
14.2. Wireless Home Speakers Distributors and Customers
14.3. Wireless Home Speakers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bose
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Harman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Martin Logan
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. McIntosh
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SVS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sonos
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sony
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yamaha
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sennheiser
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Philips
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pioneer
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bowers & Wilkins
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Dynaudio
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Klipsch
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bang & Olufsen
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Definitive Technology
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Altec Lansing
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. KEF
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Polk
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Paradigm
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook