- 20 March 2019 14:33
The Important Reason Behind the Growth of Bluetooth Speaker Market is Increasing Demand for Wireless and Portable Bluetooth Speakers
Bluetooth speaker is a type of wireless device that contains an amplifier and loudspeaker. In bluetooth speaker, the audio data transfer occurs using blue-tooth technology. Bluetooth speaker has limited range of 30 to 50 feet. However, almost every laptop and mobile contains a blue-tooth chip, making this technology work without any network. It can work even in remote areas. Bluetooth speakers are most efficient, highly functional and takes few seconds to connect. It requires less space than other conventional technology. Bluetooth speakers are portable including replaceable and rechargeable battery models which making it suitable for outdoor use.
Increasing demand for advanced technology based electronic devices such as wireless and portable bluetooth speakers, anticipated to drive the growth of the global Bluetooth Speaker Market. Bluetooth speaker is compact, easy to carry and has replaceable and rechargeable battery. The bluetooth speakers are available in different shapes, sizes and colors, which make consumers more inclined towards them. Furthermore, bluetooth speaker have more durability and integrated with other advanced technologies as compared to traditional speakers, is also expected to drive growth of the global bluetooth speaker market.
The Bluetooth Speaker Market is segmented on the Basis of charging technology, application and regions. On the basis of charging technology, the global market is segmented into AC Only DC Only AC/DC Wireless Charging. The Wireless Chargingsegment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of application, the global market is segmented into House Office Retail Educational Institutions Leisure Other. The House segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Beats Electronics LLC, Bose Corporation, Harman, International Industries, Inc., Samsung Electronics Co., Ltd., Sony Corporation, Altec Lansing/AL, Infinity, LLC, Avnera Corp, Braven LC, Cambridge Soundworks, Inc., Creative Technology Ltd.