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The global wireless speakers market is projected to reach revenues of more than $27 billion by 2023LONDON, Dec. 3, 2018 /PRNewswire/ -- This market research report on global wireless speaker market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by connectivity type (Bluetooth speaker and wifi-speakers), by price range (low-end, mid-range, and premium), by end users (residential and commercial end-users), by distribution (retail and online), and by geography (North America, Europe, APAC, Latin America, and MEA). Wireless Speaker Market – By Distribution Channels Specialty retail stores to gain popularity in the global wireless speaker market during the forecast period The global wireless speaker market by distribution channels are classified into retail (specialty stores, supermarkets, and hypermarkets or mass market players, and electronic stores) and online stores. Retail stores dominated the majority of the market share in 2017, growing at a CAGR of approximately 18% during the forecast period. The establishment of specialty stores such as Bose Stores, HARMAN Lifestyle Showrooms, and Mi stores is augmenting the growth of this segment in the global market. The retail stores offer easy accessibility that helps satisfy the customer's immediate need in the global market. These stores specialize in selling various kind of speakers and other electronic gadgets and accessories that meet consumer requirements in the global market. The staff in the retail segment are trained to educate customers about new products and help them in the selection of these devices. Expansion of distribution network will result in increased sales in the global wireless speaker market. Wireless Speaker Market – By Geography Smart speaker penetration in the US to boost sales in the global wireless speaker market during the forecast period The geographical segment in the global wireless speaker market is divided into North America, Europe, APAC, Latin America, and MEA. North America occupied the majority of the market share in 2017, growing at a CAGR of approximately 14% during the forecast period. The increasing penetration of smart devices across North America will attribute to the growth of the market in this region. Amazon, Google, Apple, Sonos, and HARMAN Kardon are the leading companies operating in the North American market. The growing popularity of ease and convenience to listen to music on-demand has led to the rise of numerous music applications resulting in the growing demand for innovative devices in North America. The launch of innovative products such as waterproof Bluetooth speakers and rugged models will boost the development of the North American wireless speaker market during the forecast period. Key Countries Profiled The key countries profiled in the report are: • US • Canada • UK • Germany • France • China • Japan • Australia • South Korea • Brazil Key Vendor Analysis The global wireless speaker market is highly concentrated, and the leading vendors control more than 60% of market share. The players are focusing on technological innovations, product upgrades, and refining the unique value proposition to sustain the intense competition in the global market. The companies are offering products with high functionality and designs to gain larger market share and attract new consumers. The increasing on focus on expanding businesses and distribution networks to emerging nations will result in higher revenues in the global wireless speaker market during the forecast period. The players in the market are competing on the basis of product or service extensions, technological innovations, and M&A activities. The major vendors in the global market are: • Alibaba Group • Alphabet (Google) • Amazon.com • BEATS Electronics (Apple) • Bose • HARMAN International (Samsung) • Sonos • Sony Other prominent vendors in the global wireless speaker market include Altec Lansing, Anker Innovations, AOMAIS, Apple, Artis, Axess, Avnera, Baidu, Bang & Olufsen, Beijing LingLong (JD.com), Boat Lifestyle, Braven, Creative Technology, Deutsche Telekom, DOSS, D&M Holdings (Denon), Edifier, Fabriq, Facebook, Forcovr (Shenzhen Guowei Security), iBall, iClever, ION Audio, Invoxia, Jam Audio, JONTER, KaKao, KitSound by Kondor, Klipsch Group, Koninklijke Philips, KT, Lenovo, LG Electronics, Libratone, LINE, Logitech, Micromax, Mobvoi, Monster Cable Products, Mpow, Mycroft AI, NAVER, NVIDIA, Onkyo & Pioneer, Orange, Panasonic, Photive, Plantronics, Polk Audio, Rock Space (RENQING TECHNOLOGY), Samsung Electronics, SHARKK, Sharp, SK Telecom, Skullcandy, SoundBot, Supersonic, TAGG, Telefónica, Tencent, The House of Marley, TIBO, Tribitaudio, VicTsing, Xiaomi, Yamaha, Yandex, and Zebronics. Key market insights include 1. The analysis of global wireless speaker market provides market size and growth rate for the forecast period 2018-2023. 2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers for the global wireless speaker market. 3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities. 4. It offers a complete overview of market segments and the regional outlook of global wireless speaker market. 5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage. Report Snapshot The global wireless speaker market size is expected to reach revenues of over $27 billion by 2023, growing at an impressive CAGR of around 17% 2018–2023. The global wireless speaker market is driven factors such as ease of usage, connectivity, skillsets, design, sensor technology, voice-recognition, and signal transmission. The increasing proliferation of Bluetooth speakers and multiroom wifi speakers will boost revenues in the global wireless speaker market. The market research report provides in-depth market analysis and segmental analysis of the global wireless speaker market by connectivity type, price range, end-user type, distribution channels, and geography. Market Size: • Revenue • Unit Shipment Base Year: 2017 Forecast Year: 2018–2023 The study considers the present scenario of the global wireless speaker market and its market dynamics for the period 2018?2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the wireless speaker market. Major Vendors in the Wireless Speaker Market • Alibaba Group o Business Overview o Business Segments o Geography Segments o Alibaba Group in the Global Wireless Speaker Market o Major Product Offerings o Key Strategies o Key Strengths o Key Opportunities • Alphabet (Google) • Amazon.com • Beats Electronics (Apple) • Bose • Harman International (Samsung) • Sonos • Sony Prominent Players in the Wireless Speaker Market • Altec Lansing o Overview • ANKER Innovations • AOMAIS • Apple • Artis • Axess • Avnera • Baidu • Bang & Olufsen • Beijing LingLong (JD.com) • Boat Lifestyle • Braven • Creative Technology • Deutsche Telekom • DOSS • D&M Holdings (Denon) • Edifier • Fabriq • Forcovr (Shenzhen Guowei Security) • iBall • iClever • ION Audio • Invoxia • Jam Audio • JONTER • KaKao • KitSound by Kondor • Klipsch Group • Koninklijke Philips • KT • Lenovo • LG Electronics • Libratone • LINE • Logitech • Micromax • Mobvoi • Monster Cable Products • Mpow • Mycroft AI • NAVER • NVIDIA • Onkyo & Pioneer • Orange • Panasonic • Photive • Plantronics • Polk Audio • Rock Space (RENQING TECHNOLOGY) • Samsung Electronics • SHARKK • Sharp • SK Telecom • Skullcandy • SoundBot • Supersonic • TAGG • Telefónica • Tencent • The House of Marley • TIBO • Tribitaudio • VicTsing • Xiaomi • Yamaha • Yandex • Zebronics Market Segmentation by Connectivity Type • Bluetooth Speakers o Traditional Bluetooth Speaker o Waterproof Bluetooth Speaker o Rugged Bluetooth Speaker • Wi-Fi Speaker o Based on Connectivity Technology Wi-Fi only Speaker Hybrid Speaker o Based on Voice Assistance Smart Speakers Non-Smart Speakers o Based on Room Placement Singleroom Speaker Multiroom Speaker Market Segmentation by Price Range • Low-end Range (< $50) • Medium Range ($51 - $200) • Premium Range (> $200) Market Segmentation by End-User Type • Residential End-users • Commercial End-users Market Segmentation by Distribution Channel • Retail o Specialty Stores o Mass Market Players o Electronic Stores • Online Market Segmentation by Geography • North America o US o Canada • Europe o UK o Germany o France • APAC o Australia o Japan o China o South Korea • Latin America o Brazil • MEA Download the full report: https://www.reportbuyer.com/product/5471979 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com
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