![]() Offline channels provide a full study of the technology used in the product so that users can get a hands-on experience with it. The offline channels segment dominated the global market, with a revenue of USD 744.8 million. ![]() Asia's consumers are progressively moving away from downloading and toward streaming.īased on Distribution channel market is sub-segmented into Online and Offline. In the coming years, these platforms will concentrate on creating long-term business strategies. Because of the growing popularity of regional music streaming platforms, the APAC region is likely to provide a considerable part of the fixed segment. Professionals are increasingly focusing on the introduction of devices that are high on compactness and low on the inconvenience as a result of increasing advancements. As a result, these models limit the mobility of the equipment, restricting their market expansion. ![]() In the house, they have a permanent installation. Fixed Bluetooth speakers do not come with batteries and are difficult to transport. These devices can also be readily configured with tablets or smartphones, resulting in a higher rate of acceptance in the residential market. Portable Bluetooth speakers are compact and lightweight, they are likely to rise at a considerable CAGR throughout the forecast period, gaining significance in the Bluetooth speaker market. Based on Type, the market is sub-segmented into portable and fixed. Global Bluetooth Speaker Market Segment Analysis: Global Bluetooth Speaker Market is segmented into Type, Distribution channel and End user. Several manufacturers are launching a slew of new products in order to diversify their product portfolios and appeal to a wider audience. Also, the rapid integration of audio-based technologies with wireless connectivity, as well as increased investments in diverse R&D efforts, has resulted in a variety of product advancements. Various technological breakthroughs have also resulted in the emergence of AI-based products like Alexa and Echo, which have fuelled the market growth. Rising consumer living standards and rising disposable income levels have contributed to an increase in the use of modern consumer gadgets, such as Bluetooth speakers, especially in emerging economies. Many speaker manufacture offer pirated products and customers attack on that. Piracy is one of the challenge to this market. In the developed countries like US and Canada are moving to the smart home to connect the network and give facility to monitor and play music at remote locations. The development in the audio industry is changing day by day, various wireless devices are being launched in the market like Bluetooth speaker, sound bars, headphones and microphones. Wireless audio devices and technological advancement are major factors to drive the market. Aside from that, the increasing integration of Bluetooth speakers with in-car infotainment systems, hands-free calling, voice control systems, home theatre, and other devices contributes to the global market's expansion. The increased demand for low-maintenance and battery-powered devices for outdoor applications, as well as the expanding use of Bluetooth in the audio and video business, has boosted product demand. The demand for Bluetooth speakers has been spurred by shifting customer preferences for lighter, portable, and compact speakers over wired equipment. The market has grown due to the rising popularity of Bluetooth speakers among millennial, as well as the high product compatibility with other consumer electronic products, the growing use of smartphones, as well as the influx of video and music streaming apps, has increased global product demand. Global Bluetooth Speaker Market Dynamics: To know about the Research Methodology :- Request Free Sample Report. In 2021 Ikea launches its portable lamp which contains a Bluetooth speaker with a Spotify tap. recently Bose launched its new Bluetooth speaker in the market which can provide up to 12 hours of playtime. Major players in the industry are Bose, Beat electronics, Samsung, etc. The Bluetooth speaker industry has increased in popularity in the United States and China, thanks to increasing internet penetration and the convenience of purchasing connected products through a variety of online distribution channels. As a result, the adoption of new generation technology that provides better connectivity is projected to drive demand for Bluetooth speakers. In the voice frequency industry, Bluetooth speakers are getting a lot of interest. Global Bluetooth Speaker Market Overview: in 2021 and total revenue is expected to grow at a rate of 19 % CAGR from 2022 to 2029, reaching almost US$ 40.19 Bn. Global Bluetooth Speaker Market was worth US$ 9.9 Bn.
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