Global Wireless Bluetooth Speaker Market by Product Type (Below 25 W, 25 W to 100 W, above 100 W), By Application (Home Market, Commercial Market) and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Wireless Bluetooth Speaker Market Overview

The Global Wireless Bluetooth Speaker market is projected to be USD 6,927.4 Mn in 2021 to reach USD 25,731.2 Mn by 2030 at a CAGR of 15.7%.

Market.US announces the publication of its most recently generated research report titled, “Global Wireless Bluetooth Speaker Market by Product Type (Below 25 W, 25 W to 100 W, above 100 W), By Application (Home Market, Commercial Market) and by Region – APAC Forecast to 2031”, which offers a holistic view of the Global Wireless Bluetooth Speaker Market through systematic segmentation that covers every aspect of the target market.

Bluetooth is a short-range wireless technology standard that got its name from a 10-century Danish King Harold Bluetooth, suggested by Jim Kardach of Intel back in 1997. Bluetooth technology has grown by leaps and bounds over the last five years, with several upgrades ensuring improved quality and performance.

Wireless Bluetooth speakers need less space compared to those needed for entertainment systems, for example, which is why consumers are more inclined to utilize such devices. These devices are primarily used to play music with the help of electronic gadgets such as smartphones, TVs, etc. A few key features that most customers keep in mind when selecting a given device are its portability, durability, audio quality, voice assistance capabilities, and corresponding price.

Global Wireless Bluetooth Speaker Market Revenue (US$ Mn), 2021–2030

Due to the large amount of information required by the healthcare industry and the hands-free nature of these devices, voice assistant programs are very suitable for this particular field. Therefore, because VPA speakers comply with Health Insurance Portability and Accountability (HIPAA), more and more patients and healthcare professionals adopt it. Amazon’s Alexa is the only commercial smart speaker that provides HIPAA compliance.

Manufacturers have been under pressure to produce innovative designs to meet the growing needs of their respective consumer groups. In addition, companies need to invest a lot of money in various research and development activities aimed at producing or manufacturing improved products, which may not produce the expected financial returns. This negative factor may cause unexpected losses to several companies operating in the global wireless Bluetooth speaker field.

Global Wireless Bluetooth Speaker Market Attractiveness Analysis by Type, 2015–2030

The global wireless Bluetooth speaker market is segmented based on product type, application, and region. Concerning the product type segmentation of this market, the 25 W to 100 W sub-segment accounts for the highest number of revenue shares.

Regarding application, the home segment is anticipated to experience a surge in demand for these devices. Concerning region, the market in North America is estimated to account for the maximum number of revenue shares. It is also expected to retain its respective market position in the years to come.

The research report on the global wireless Bluetooth speaker market includes profiles of some of the major companies, such as

• Apple Inc. (Beats Electronics)
• Samsung Electronics Co., Ltd. (Harman International)
• Sony Corporation
• Воѕе Соrроrаtіоn
• Yamaha Corporation
• Pioneer Corporation
• Logitech International S.A.
• Sennheiser electronic GmbH & Co. KG
• Sound United (Polk Audio)
• Audiovox
• Marshall Amplificationothers.

Global Wireless Bluetooth Speaker Market Segmentation Based on Product Type, Application, and Region

Based on Product Type:

• Below 25 W
• 25 W to 100 W
• Above 100 W

Based on Application:

• Home
• Commercial

Based on Region:

• North America
• Europe
• APAC
• South America
• MEA

For the Wireless Bluetooth Speaker Market research study, the following years have been considered to estimate the market size: