The global Bluetooth Speakers Market is forecast to reach USD 3.13 Billion by 2027, according to a new report by Reports and Data. Bluetooth speakers have the ability to stream audio content wirelessly and take up minimal space, as compared to other home theater systems. These speakers run on batteries and are perfect for outdoor purposes. Another advantage is their hassle-free maintenance, good functionalities, and increased durability, which will propel the demand for the market.
The global Bluetooth Speakers market research report provides a brief overview inclusive of competitive landscape and key developments in the market. It provides an extensive study analysis of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, corporate deals and partnerships, among others. It also offers insights into company overview, financial standing, business expansion plans, and revenue growth of each company.
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Key participants include Harman International Industries Inc., Samsung Group, Bose Corporation, Apple Inc., VOXX Electronics Corp., Sony Corporation, Plantronics Inc., ULTIMATE EARS, Beats Electronics, and 4COM Technologies, among others.
Further key findings from the report suggest
• Easy to mount, long life, and minimal effort are some of the essential factors propelling the automotive Bluetooth industry. The emergence of novel in-car smartphone features, self-driving vehicles, and vehicle diagnostics are some of the factors that will push the industry forward in the coming years.
• The increasing investment in smart vehicles and intelligent transportation will also boost the growth of the market. On the flip side, the slow data transfer rate, limited range, and inadequate security technology in Bluetooth are significant restraints on the market.
• The major advantage of this type of Bluetooth is its ease of listening to music and share the social experience. It enables people to listen to music anywhere and anytime. The majority of the speakers are small and lightweight, which adds to their advantage.
• The Asia Pacific held a significant share in 2019 with a valuation of over USD 0.28 billion, owing to its rapidly growing automobile sector, especially in emerging economies like China and India.
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For the purpose of this report, Reports and Data have segmented the global Bluetooth Speakers Market on the basis of portability, application, distribution channel, and region:
Portability Outlook (Revenue, USD Billion; 2017-2027)
• Portable
• Fixed
Application Outlook (Revenue, USD Billion; 2017-2027)
• Residential
• Commercial
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
• Online
• Offline
Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
o U.S
o Canada
• Europe
o Germany
o U.K
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• MEA
o Saudi Arabia
o UAE
o Rest of MEA
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Objective of Studies:
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by application, product type and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Bluetooth Speakers market.
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