Bluetooth Speakers are the latest advancements in the wireless world. Working on the same Bluetooth technology that allows you to share music and files on your mobile phone wirelessly with friends, these speakers provide a high quality listening experience without using any wires. As far as wireless technologies go, Bluetooth is in its constantly updated stages, offering a compelling performance.
Bluetooth Speakers are used to listen to music, and its volume is relatively small. They rely on Bluetooth transmission protocol as a carrier that allows the user to send and receive files and data without wire, easy to use and carry, also easy to install. Bluetooth Speakers are used in indoor entertainment, office, outdoor activities etc. Smart speakers are the part of Bluetooth Speakers. Smart speakers are more and more popular. Year 2014 is first year for smart speaker market. Many e-commerce giants release series of products one after another. Such as Google (2016), Amazon (2014), Alibaba (2017), Baidu (2015), Xiaomi (2017) and DingDong by JD and iFlytek (2015). The market grows rapidly at the beginning, then slow down gradually. China and United States are the leading consumption countries in the smart speakers market.
Bluetooth Speakers price varies considerably among players from tens USD to hundreds USD for technology, performance, sound quality, application scenario etc. Each manufacturer adopts multi-price ranges to cater to different markets. Beats belongs to the premium brands, JBL, Sony, Bose products price is wide range. Price decrease a bit in recently years.
Major players in Global Bluetooth Speakers production market are Samsung, Amazon, Bose, Sony, Apple (Beats), Poineer, Sennheiser and some others. The market is not very concentrated and there are a lot niche manufactures active in the market. The top players’ market share is less than 10% respectively. The market competition and M&A are active in recent years, such as Harman acquired Bang & Olufsen in 2015; Incipio Group acquired Skullcandy and Griffin Technology successively in 2016; Samsung Electronics acquired Harman in 2017; DEI Holdings acquired Bowers & Wilkins in 2020.
For present, United States, Europe, China, are leading the market. China is a leader in electronic hardware OEM field, also Bluetooth Speakers market. More than 50% of the products produced in China. For example, Amazon Echo is assembled at the Hengyang Foxconn plant.
Bluetooth Speakers bring great convenience and more funs to people’s life. The product gets more and more fans. In 2021, Global Bluetooth Speakers total market size is estimated at 16579.85 million$, the market is forecasted to reach at 33404.32 million$ by 2026, with a CAGR of 15.04% during 2021-2026. Global Bluetooth Speakers sales is estimated to reach 390868.4 K Units in 2021.
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