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Wireless Speakers Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5446066
  • Report
  • September 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Alphabet (Google)
  • Beats Electronics
  • DOSS
  • LG Electronics
  • Pioneer
  • Sennheiser
Wireless Speakers Global Market Report 2021: COVID-19 Growth and Change to 2030 provides strategists, marketers and senior management with the critical information they need to assess the global wireless speakers market.



The report focuses on the wireless speakers market which is experiencing strong growth. The report gives a guide to the wireless speakers market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for wireless speakers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Wireless Speakers Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope


Markets Covered:

  • By Product: Bluetooth Speakers; Wifi-Speakers
  • By End User: Residential; Commercial
  • By Type: Fixed; Portable

Companies Mentioned:


Beats Electronics; Bose; Harman; Samsung; Sony

Countries:


Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:


Five years historic and ten years forecast.

Data Segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:


Data and analysis throughout the report is sourced using end notes.
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Frequently Asked Questions about the Global Wireless Speakers Market

What is the estimated value of the Global Wireless Speakers Market?

The Global Wireless Speakers Market was estimated to be valued at €17.50 billion in 2021.

What is the growth rate of the Global Wireless Speakers Market?

The growth rate of the Global Wireless Speakers Market is 16.9%, with an estimated value of €32.70 billion by 2025.

What is the forecasted size of the Global Wireless Speakers Market?

The Global Wireless Speakers Market is estimated to be worth €32.70 billion by 2025.

Who are the key companies in the Global Wireless Speakers Market?

Key companies in the Global Wireless Speakers Market include Beats Electronics, Bose, Harman, Samsung, Sony, Panasonic, Plantronics, Skullcandy and LG Electronics.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alphabet (Google)
  • Beats Electronics
  • DOSS
  • LG Electronics
  • Pioneer
  • Sennheiser
1. Executive Summary

2. Wireless Speakers Market Characteristics

3. Wireless Speakers Market Trends and Strategies

4. Impact Of COVID-19 On Wireless Speakers

5. Wireless Speakers Market Size and Growth
5.1. Global Wireless Speakers Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Wireless Speakers Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market

6. Wireless Speakers Market Segmentation
6.1. Global Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Bluetooth speakers
  • Wifi-speakers
6.2. Global Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Residential
  • Commercial
6.3. Global Wireless Speakers Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Fixed
  • Portable
7. Wireless Speakers Market Regional and Country Analysis
7.1. Global Wireless Speakers Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Wireless Speakers Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Wireless Speakers Market
8.1. Asia-Pacific Wireless Speakers Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Wireless Speakers Market
9.1. China Wireless Speakers Market Overview
9.2. China Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Wireless Speakers Market
10.1. India Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Wireless Speakers Market
11.1. Japan Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Wireless Speakers Market
12.1. Australia Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Wireless Speakers Market
13.1. Indonesia Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Wireless Speakers Market
14.1. South Korea Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Wireless Speakers Market
15.1. Western Europe Wireless Speakers Market Overview
15.2. Western Europe Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Wireless Speakers Market
16.1. UK Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Wireless Speakers Market
17.1. Germany Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Wireless Speakers Market
18.4. France Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Wireless Speakers Market
19.1. Eastern Europe Wireless Speakers Market Overview
19.2. Eastern Europe Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Wireless Speakers Market
20.1. Russia Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Wireless Speakers Market
21.1. North America Wireless Speakers Market Overview
21.2. North America Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Wireless Speakers Market
22.1. USA Wireless Speakers Market Overview
22.2. USA Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Wireless Speakers Market
23.1. South America Wireless Speakers Market Overview
23.2. South America Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Wireless Speakers Market
24.1. Brazil Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Wireless Speakers Market
25.1. Middle East Wireless Speakers Market Overview
25.2. Middle East Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Wireless Speakers Market
26.1. Africa Wireless Speakers Market Overview
26.2. Africa Wireless Speakers Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Wireless Speakers Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Wireless Speakers Market Competitive Landscape and Company Profiles
27.1. Wireless Speakers Market Competitive Landscape
27.2. Wireless Speakers Market Company Profiles
27.2.1. Beats Electronics
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Bose
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Harman
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Samsung
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Sony
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Wireless Speakers Market

29. Wireless Speakers Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alphabet (Google)
  • Beats Electronics
  • DOSS
  • LG Electronics
  • Pioneer
  • Sennheiser
Major players in the wireless speakers market are Beats Electronics, Bose, Harman, Samsung and Sony.

The global wireless speakers market is expected to grow from $15.03 billion in 2020 to $17.53 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $32.71 billion in 2025 at a CAGR of 16.9%.

The wireless speakers market consists of sales of wireless speakers such as Bluetooth speakers and Wi-Fi speakers and related services. Wireless speakers receive sound signals in the form of radio frequency waves and amplify the sound.

The wireless speakers market covered in this report is segmented by product into bluetooth speakers, Wifi-speakers. It is also segmented by end user into residential, commercial and by type into fixed, portable.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The interference of signals of wireless speakers with other devices is a major restraint for the wireless speakers market. This is mainly because many wireless devices work on the same radio waves and frequencies as wireless speakers, which increases chances of signal disruption and drop in sound quality. Dropped signals can affect either the transmitter or the receiver of wireless speakers which affects the listening experience of users. As a result, companies in the wireless speakers market are focusing on ways to implement exclusive connectivity with only a particular device to avoid signal interference, which is increasing the cost of the devices. For example, Apple offers the Airplay speakers that utilize Apple's proprietary wireless multimedia technology and connects only to Apple devices or iTunes, which increases the price of the speaker. However, other vendors have not produced such speakers as their prices tend to be high.

Advanced technologies such as AI-assisted devices are an emerging trend in the wireless speakers market. This is mainly due to ease of use of AI-enabled wireless speakers that provide features such as voice recognition, allowing users to control the functioning of the speakers using voice commands. The wireless speakers based on AI software use cloud which offers a steady base for storage of data and enables quick access to the data. Google Home Max, Amazon Echo Dot 3rd Gen and JBL Link 10 are some of the wireless smart speakers with AI technology. According to Gartner, Inc., the end-user spending on virtual personal assistant (VPA)-enabled wireless speakers is estimated to increase to $3.52 billion by 2021.

The increase in preference for portable speakers is an important driver for the wireless speakers market. This is mainly because wireless speakers come at affordable prices and are convenient to use. In addition, increasing smartphone penetration has led to an increase in preference for swift functionality in the form of smart portable devices, resulting in further use of portable wireless speakers. According to a report published by Deloitte, smart speakers-internet-connected speakers with integrated digital voice assistants-are the fastest-growing connected device category worldwide in 2019. The report showed that the sales of smart speakers increased from 98 million units for a total industry revenue of US$4.3 billion in 2018 to 164 million units for a total industry revenue of US$7 billion in 2019.

The Federal Communication Commission (FCC) is an independent agency of the USA government that regulates interstate communications by radio, television, wire, satellite, and cable. The FCC also governs the wireless speakers market in the USA. The wireless speakers’ manufacturers are required to get certification to launch their products from the FCC. The wireless speakers undergo required safety testing before receiving the FCC certification. The FCC has also set the bandwidth for wireless devices as 600 MHz, exceeding which results into disqualification of the FCC certification. Hence, the regulations related to interstate communications by radio, television, wire, satellite, and cable by the FCC is expected to maintain a vigil on the companies involved in this market.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Beats Electronics
  • Bose
  • Harman
  • Samsung
  • Sony
  • Panasonic
  • Plantronics
  • Skullcandy
  • Alphabet (Google)
  • LG Electronics
  • Logitech International
  • Sennheiser
  • Sharp
  • JBL
  • Apple
  • Philips
  • iBall
  • Creative Technology
  • VOXX Electronics Corp
  • YAMAHA
  • DOSS
  • Pioneer
  • Polk Audio
  • Sonos
  • Altec Lansing
  • Avnera
  • Braven
  • Xiaomi
  • Telefónica
Note: Product cover images may vary from those shown

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