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Report
Global Wireless Speakers Market Report and Forecast 2024-2032
Market Report I 2023-12-15 I 159 Pages I EMR Inc.
Global Wireless Speakers Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global wireless speakers market is projected to grow at a CAGR of 14% between 2024 and 2032. Aided by the technological innovations, the seamless integration of voice assistants, and the persistent trend towards wireless devices, the market is expected to grow significantly by 2032.
Wireless speakers have transformed the way we experience audio, offering a cord-free, immersive listening experience that caters to the modern lifestyle's need for mobility and convenience. These devices connect via Bluetooth, Wi-Fi, or other wireless methods to various audio sources such as smartphones, tablets, or computers. Moreover, they've become integral to smart home systems, facilitating multi-room audio setups, and often coming integrated with voice assistants like Amazon's Alexa, Google Assistant, and Apple's Siri.
One primary driver for the wireless speakers market growth is the increasing consumer inclination towards smart homes. As homes become more connected, the need for seamless integration of audio systems has led to a heightened demand for wireless speakers that can effortlessly blend with other smart devices. This has further been augmented by advancements in voice recognition technology, enabling hands-free control and elevating the user experience.
The rising prominence of streaming services like Spotify, Apple Music, and Amazon Music has also considerably impacted the wireless speakers market demand. As consumers switch from traditional music sources to streaming platforms, the demand for wireless speakers, which easily connect to these platforms, has surged. The convenience of accessing a vast library of music, podcasts, and other audio content from the cloud, directly through these speakers, has bolstered their appeal audiophiles and casual listeners alike.
As per the wireless speakers market analysis, the development in audio technology, such as the incorporation of Dolby Atmos in wireless speakers, has enhanced sound quality, providing a cinema-like surround sound experience in the comfort of one's home. This enhanced audio experience is expected to provide a positive outlook to the market.
The portability and design aesthetics of modern wireless speakers also play a pivotal role in their soaring popularity and further add value to the wireless speakers market size. Manufacturers are focusing on creating compact, durable, and water-resistant designs, catering to varied user needs, whether it's for indoor entertainment or outdoor adventures.
Market Segmentation
The market can be divided based on product, end use, and region.
Market Breakup by Product
- Bluetooth Speakers
- Wi-Fi Speakers
- Smart Speakers
Market Breakup by End Use
- Indoor
- Outdoor
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global wireless speakers market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bose Corporation
- Harman International Industries, Incorporated
- Sony Group Corporation
- Apple, Inc.
- LG Electronics
- Sonos, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wireless Speakers Market Analysis
8.1 Key Industry Highlights
8.2 Global Wireless Speakers Historical Market (2018-2023)
8.3 Global Wireless Speakers Market Forecast (2024-2032)
8.4 Global Wireless Speakers Market by Product
8.4.1 Bluetooth Speakers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Wi-Fi Speakers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Smart Speakers
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Wireless Speakers Market by End Use
8.5.1 Indoor
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Outdoor
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Wireless Speakers Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Bose Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Harman International Industries, Incorporated
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sony Group Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Apple, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 LG Electronics
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sonos, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wireless Speakers Market: Key Industry Highlights, 2017 and 2021
2. Global Wireless Speakers Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Wireless Speakers Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Wireless Speakers Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Wireless Speakers Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Wireless Speakers Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Wireless Speakers Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Wireless Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Wireless Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Wireless Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Wireless Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Wireless Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Wireless Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Wireless Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Wireless Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Wireless Speakers Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Wireless Speakers Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Wireless Speakers Market Structure
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