Bluetooth speaker market is anticipated to grow at a considerable CAGR of 11.5% during the forecast period. Bluetooth speakers are often used by youngsters to listen to music at any time and in any location. Consumers' increasing use of wireless electronic gadgets has increased demand for such items. Users nowadays frequently utilize multi-colored Bluetooth speakers to decorate their living and hall areas. Alexa, Amazon, and other interactive Bluetooth speakers are also becoming increasingly popular, resulting in high demand for Bluetooth speakers. For instance, according to NPR (National Public Radio) and Edison Research's 2022 Smart Audio Study, 24% of those over the age of 18 own at least one smart speaker. This equates to around 60 million individuals. Because most consumers own more than one smart speaker, the research predicts that there are currently 157 million of these devices in US homes. The study is based on a telephone survey of a little over 1,000 individuals in the US.

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Based on type, the market is bifurcated into wireless and wired. Among these, the wireless segment is expected to hold a significant market share during the forecast period. Wireless Bluetooth speakers have become increasingly popular in recent years due to their convenience, portability, and sound quality. In addition to convenience and portability, Bluetooth speakers have also improved in terms of sound quality. Many models now offer high-quality audio that rivals that of wired speakers, making them a popular choice for people who want a wireless option without sacrificing sound quality. Additionally, they are also waterproof. For instance, in March 2023, IKEA launched its new silicone-coated, waterproof portable Bluetooth speaker, Vappeby.

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Market Coverage
Market number available for – 2023-2031
Base year- 2024
Forecast period- 2023-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Bluetooth Speaker Market by Type

Wireless
Wired

Global Bluetooth Speaker Market by Application

Residential
Commercial

Regional Analysis

North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Company Profiles 

Altec Lansing
Anker Innovations Technology  Co., Ltd.
Apple, Inc.
Bose Corp.
Jvckenwood Corp.
Koninklijke Philips NV
LG Electronics Inc.
Logitech
Onkyo Corp.
Panasonic Holdings Corp.
Samsung Electronics Co., Ltd.
Sony Corp.
SoundBot
Yamaha Corp.
Zebronics India Pvt. Ltd.

The Report Covers-

Market value data analysis for 2023 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global Bluetooth speaker market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market entry and market expansion strategies.
Competitive strategies by identifying ‘who stands where’ in the market.

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