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Global Wireless Speaker Market 2018-2023: Growing Online Music Streaming, Voice Searches Gaining Prominence & Increasing Penetration of InternetDUBLIN, Jan. 8, 2019 /PRNewswire/ -- The "Wireless Speaker Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.  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. The development of wireless connectivity technologies such as Bluetooth and Wi-Fi to connect to smartphones, tablets, PCs, or any other dedicated wireless controller is propelling the growth of the global wireless speaker market. The introduction of Bluetooth speakers and Wi-Fi speakers is changing the technological landscape in the global market. The growing demand for innovative audio equipment is encouraging the leading players to launch new products in the market to attract new consumers. The introduction of sound reinforcement equipment that supports various technologies such Bluetooth Low Energy (BLE), and Basic Rate/Enhanced Data Rate (BR/EDR) will enable vendors to manufacture products that are flexible to the needs of the consumers in the global market. The launch of smart speakers that provide ease-of-use along with a taste of innovation is transforming the market. The development of Europe, North America, and APAC economy is boosting the demand for consumer durable products, thereby driving the requirement for improved products in the global market. The rising awareness of wireless and remote speakers in the residential sectors of emerging nations will have a positive impact on the global market. The increasing per capita income, rising number of dual-income households, and growing spending on innovative devices are some of the factors augmenting the growth of the global wireless speaker market. The increasing adoption of smart homes and implementation of connected devices is contributing to the revenues in the global market. The proliferation of online retailers such as Amazon, JD.com, and eBay offering products from several key vendors will result in the evolution of the global market. The global wireless speakers market is projected to reach revenues of more than $27 billion by 2023, growing at a CAGR of approximately 17% during the forecast period. The report also provides market size details in terms of unit shipment during the forecast period. Wireless Speaker Market - Dynamics The growing prominence of voice searches is propelling the growth of the global wireless speaker market. The usage of voice search is witnessing an unprecedented growth among consumers worldwide, and it is estimated that about 25% of the mobile queries and searches on Google's mobile application and Android devices were voice searches in 2017. This increasing adoption of this technology is driving the development of voice assistant technology in the global market. Voice searches are gaining traction in advertising, payment, and processing activities thereby driving the demand for innovative speakers in the global market. Some of the most popular voice assistant technology available in the market is Apple's Siri, OK Google, and Amazon's Alexa. The use of voice assistant technology as a personal assistant, fun and entertainment, general information, and local information provider will attribute to the development of the global wireless speaker market during the forecast period. Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Report Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of Study 4.3.1 Market Segmentation by Connectivity Type 4.3.2 Market Segmentation by End-user Type 4.3.3 Market Segmentation by Distribution Channel Type 4.3.4 Market Segmentation by Price Range 4.3.5 Market Segmentation by Geography 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Inclusions 5.3 Exclusions 5.4 Currency Conversion 5.5 Marke Derivation 6 Market at a Glance 7 Introduction 7.1 Market Overview 7.2 Bluetooth 7.2.1 Overview 7.2.2 Evolution of Bluetooth 7.3 Bluetooth Technologies 7.3.1 By Radio 7.3.2 By Topology 7.3.3 By Solution 7.4 Working Mechanism of a Bluetooth Speaker 7.5 Virtual Assistants 7.5.1 Overview 7.5.2 Various Virtual Assistants 7.5.3 Interactions with End-users 7.6 MacroEconomic Factors Enabling Market Growth 7.6.1 Economic Development 7.6.2 Per Capita GDP in Developing Markets 7.6.3 Dual-income Households in Developed Markets 8 Market Dynamics 8.1 Market Growth Enablers 8.1.1 Growing Online Music Streaming 8.1.2 Voice Searches Gaining Prominence 8.1.3 Increasing Penetration of Internet 8.1.4 Increased Adoption of Smart Homes 8.1.5 YOY Impact of Market Growth Enablers 8.1.6 YOY Impact of Market Growth Enablers on Regions 8.2 Market Growth Restraints 8.2.1 Low Internet Penetration in Developing Economies 8.2.2 Volatility in Raw Material Prices and Increasing Labor Costs 8.2.3 Security Issues and Ethical Concerns 8.2.4 YOY Impact of Market Growth Restraints 8.2.5 YOY Impact of Market Growth Restraints on Regions 8.3 Market Opportunities & Trends 8.3.1 Increasing Popularity of Voice-first Technology 8.3.2 Increased Investment in IoT by Vendors 8.3.3 Increasing Influence of Internet in Shaping End-users' Purchasing Behavior 8.3.4 YOY Impact of Market Opportunities & Trends 8.3.5 YOY Impact of Market Opportunities & Trends on Regions 9 Value Chain Analysis 9.1 Value Chain overview 9.2 Value Chain Analysis 9.2.1 Raw Material and Component Suppliers 9.2.2 Manufacturers 9.2.3 Distributors/Dealers/Retailers 9.2.4 Retailers 9.2.5 End-user 10 Introduction to Smart Home 10.1 Overview 10.2 IoT Specialized Networks 10.2.1 Bluetooth 10.2.2 ZigBee 10.2.3 Z-Wave 10.2.4 Thread 10.2.5 Wi-Fi 10.2.6 Cellular 10.3 Opportunities in Connected Living Market 10.4 Smart Device Ownership in Developed Countries 11 Market Landscape 11.1 Global Smart Home Devices market 11.1.1 Market Overview 11.1.2 Market Size & Forecast 11.2 Global Wireless Speaker Market 11.2.1 Historical Data 2014-2016 11.2.2 Market Size & Forecast 2017-2023 11.3 Porter's Five Forces Analysis 11.3.1 Threat of New Entrants 11.3.2 Bargaining Power of Suppliers 11.3.3 Bargaining Power of Buyers 11.3.4 Threat of Substitutes 11.3.5 Competitive Rivalry 12 Market By Connectivity Type 12.1 Market Overview 13 Global Bluetooth Speaker Market 13.1 Market Size & Forecast 13.2 Market by Product Segmentation 13.2.1 Market Overview 13.2.2 Global Traditional Bluetooth Speaker Market 13.2.3 Global Waterproof Bluetooth Speaker Market 13.2.4 Global Rugged Bluetooth Speaker Market 14 Global Wi-Fi Speaker Market 14.1 Market Size & Forecast 14.2 Segmentation based on Connectivity Technology 14.2.1 Market Overview 14.2.2 Global Wi-Fi-only Speaker Market 14.2.3 Global Hybrid Speaker Market 14.3 Segmentation based on Use of Digital Assistant 14.3.1 Global Smart Wi-Fi Speaker Market 14.3.2 Market Size & Forecast: First-party Smart Speaker Market 14.3.3 Market Size and Forecast: Third-party Smart Speaker Market 14.3.4 Global Non-smart Wi-Fi Speaker Market 14.4 Segmentation based on Room Placement 14.4.1 Global Single-room Wi-Fi Speaker Market 14.4.2 Global Multi-room Wi-Fi Speaker Market 15 Market by Price Range 15.1 Market Overview 15.2 Market Size & Forecast 15.2.1 Global Low-end Wireless Speaker Market 15.2.2 Global Mid-range Wireless Speaker Market 15.2.3 Global Premium Wireless Speaker Market 16 Market by End-Users 16.1 Market Overview 16.2 Market Size & Forecast 16.2.1 Global Residential Wireless Speaker Market 16.2.2 Global Commercial Wireless Speaker Market 17 Market by Distribution Channel 17.1 Market Overview 17.2 Manufacture, Production, and Distribution 17.3 Distribution through Retail Stores 17.4 Distribution through Online Websites 18 Market by Geographical Segmentation 18.1 Market Overview 19 North America: Wireless Speaker Market 20 Europe: Wireless Speaker Market 21 APAC: Wireless Speaker Market 22 Latin America: Wireless Speaker Market 23 MEA: Wireless Speaker Market 24 Competitive Landscape 24.1 Market Overview 24.2 Market Structure and Mapping of Competition 24.2.1 Herfindahl-Hirschman Index 24.3 Market Share Analysis 24.3.1 Bluetooth Speakers 24.3.2 Smart Speakers 25 Key Company profiles 25.1 Alibaba Group 25.2 Alphabet (Google) 25.3 Amazon.com 25.4 BEATS Electronics (Apple) 25.5 Bose 25.6 HARMAN International (Samsung) 25.7 Sonos 25.8 Sony 26 Other Prominent Vendors 26.1 Altec Lansing 26.2 Anker Innovations 26.3 AOMAIS 26.4 Apple 26.5 Artis 26.6 Axess 26.7 Avnera 26.8 Baidu 26.9 Bang & Olufsen 26.10 Beijing LingLong (JD.com) 26.11 Boat Lifestyle 26.12 Braven 26.13 Creative Technology 26.14 Deutsche Telekom 26.15 DOSS 26.16 D&M Holdings (Denon) 26.17 Edifier 26.18 Fabriq 26.19 Facebook 26.2 Forcovr (Shenzhen Guowei Security) 26.21 iBall 26.22 iClever 26.23 ION Audio 26.24 Invoxia 26.25 JAM Audio 26.26 JONTER 26.27 KaKao 26.28 KitSound by Kondor 26.29 Klipsch Group 26.30 Koninklijke Philips 26.31 KT 26.32 Lenovo 26.33 LG Electronics 26.34 LIBRATONE 26.35 LINE 26.36 Logitech 26.37 Micromax 26.38 Mobvoi 26.39 Monster Cable Products 26.4 Mpow 26.41 Mycroft AI 26.42 NAVER 26.43 NVIDIA 26.44 Onkyo & Pioneer 26.45 Orange 26.46 Panasonic 26.47 Photive 26.48 Plantronics 26.49 Polk Audio 26.5 Rock Space (RENQING TECHNOLOGY) 26.51 Samsung Electronics 26.52 SHARKK 26.53 Sharp 26.54 SK Telecom 26.55 Skullcandy 26.56 SoundBot 26.57 Supersonic 26.58 TAGG 26.59 Telefnica 26.60 Tencent 26.61 The House of Marley 26.62 TIBO 26.63 Tribitaudio 26.64 VicTsing 26.65 Xiaomi 26.66 Yamaha 26.67 Yandex 26.68 Zebronics For more information about this report visit https://www.researchandmarkets.com/research/zmnwmr/global_wireless?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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