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Portable Speakers Market

Portable Speakers Market Size, Share & Segment by Product (Mini, Pocket, Capsule, Others), by Type (online, offline), by Connectivity (Bluetooth, Hybrid, Others), by Application (Residential, Commercial), by Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1333 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Portable Speakers Market size was valued at USD 1.74 billion in 2021 and is expected to expand at a CAGR of 11.8% from 2021 to 2028 and it will reach USD 3.81 billion in 2028.

Because of the popularity of online streaming services and the widespread availability of large data storage on tablets, laptops, and phones, consumers can easily and quickly use portable speakers. Portable speakers in small and medium sizes can be easily transported to any location, whereas large-size items are ideal for stationary home appliances. Wireless communication features have become an integral part of all speaker categories, including portable docking speakers, wall units, and soundbars, in recent years. Furthermore, the changing consumer lifestyle and increasing demand for entertainment made room for high-performance home theatre systems. As a result, a promising market for interior speakers, soundbars, and subwoofer systems has emerged.

Portable Speakers Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS:

  • The Mobile Speed Market is elevated to a global level by large market operators.

  • Smart devices with advanced features have been introduced over the years.

  • The growing popularity of portable products.

  • Availability in various grades, designs, and features, is a major market factor.

RESTRAINTS:

  • limited communication distance.

  • lack of richness and depth of sound. 

OPPORTUNITIES: 

  • Opportunities in the international community.

  • The simple and straightforward feature expands market opportunities.

  • Ease of audio sharing and handsets.

CHALLENGES: 

  • The epidemic has forced the market to face numerous difficult challenges.

  • Customers' desire for portable products presents.

IMPACT OF COVID-19:

The Portable Speakers Market experienced a crisis during the COVID-19 epidemic, when industry units were shut down. Immature goods production was halted, and supply chain management was disrupted. These factors have impacted the market's market share, resulting in revenue loss. The market, on the other hand, has grown positively during the closure. People used to live at home and participate in a variety of activities. This has resulted in the widespread use of mobile devices and speakers between countries all over the world. As a result, the Portable Speakers Market will experience rapid growth in the coming years.

MARKET ESTIMATION:

BY PRODUCT

In terms of product type, the Portable Speakers Market is divided into mini, package, capsule, and others. The smallest component is considered the largest of these because it is more suitable for use and handling when travelling than other models. This section accounts for the majority of the Portable Speakers Market Share.

BY CONNECTIVITY

Bluetooth, hybrid, and other connection types are included. The hybrid is considered to be the dominant component. Wi-Fi and Bluetooth connectivity are included. These components are popular among customers. As a result, at the time of forecasting, the segment accounts for a larger share of the Portable Speakers Market Share. Pack, capsule, and other terms are commonly used. The introduction of advanced products with technological advancement features will result in a very high CAGR for the other component.

COMPETITIVE LANDSCAPE:

The key players are Apple Inc., Bose Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, Sony Corp., Samsung Group, ULTIMATE EARS, 4COM Technologies, Samsung Electronics, Tribitaudio, Anker Technology Ltd, Polk Audio, Sonos Inc., Boytone, Marshall Amplification PLC, Logitech, Bang & Olufsen, SoundWorks, Inc., LG Corporation, House of Marley and other.

KEY MARKET SEGMENTATION:

BY PRODUCT

  • Mini

  • Pocket

  • Capsule

  • Others

BY TYPE

  • Online

  • Offline

  • Other

BY CONNECTIVITY

  • Bluetooth

  • Hybrid

  • Others

BY APPLICATION

  • Residential

  • Commercial

Portable Speakers Market Segment Pie Chart

REGIONAL ANALYSIS:

The Portable Speakers Market Outlook distribution reflects the major regions covered by the global market. North America, Europe, and Asia Pacific are the three major regions. Because of the high demand for music distribution in major countries such as the United States and Canada, the North American region has long been regarded as the dominant region. The regional market is being driven by the increasing sales of products such as smartphones, tablets, laptops, and other mobile devices. Asia Pacific is expected to have the highest CAGR due to increased consumer awareness and acceptance of technologically driven products. During the forecast period, another global region will experience positive growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Portable Speakers Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.74 Billion
Market Size by 2028 US$ 3.81 Billion
CAGR CAGR of11.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product (Mini, Pocket, Capsule, Others)
• by Type (online, offline)
• by Connectivity (Bluetooth, Hybrid, Others)
• by Application (Residential, Commercial)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Apple Inc., Bose Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, Sony Corp., Samsung Group, ULTIMATE EARS, 4COM Technologies, Samsung Electronics, Tribitaudio, Anker Technology Ltd, Polk Audio, Sonos Inc., Boytone
Key Drivers • The Mobile Speed Market is elevated to a global level by large market operators.
• Smart devices with advanced features have been introduced over the years.
RESTRAINTS • limited communication distance.
• lack of richness and depth of sound.


Frequently Asked Questions (FAQ) :

Portable Speakers Market size was valued at 1.74 billion in 2021 at a CAGR of 11.8%.

limited communication distance and lack of richness and depth of sound limiting the  the Portable Speaker Market's expansion.

The major key players are Apple Inc., Bose Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, Sony Corp., Samsung Group, ULTIMATE EARS, 4COM Technologies, Samsung Electronics, Tribitaudio, Anker Technology Ltd, Polk Audio, Sonos Inc., Boytone, Marshall Amplification PLC, Logitech, Bang & Olufsen, SoundWorks, Inc., LG Corporation, House of Marley and other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Portable Speakers Market Segmentation, by product

8.1Introduction

8.2Mini

8.3 Pocket

8.4 Capsule

8.5 Others

 

9. Global Portable Speakers Market Segmentation, by equipment type

9.1 Introduction

9.2Online

9.3 Offline

9.4 Other

 

10. Global Portable Speakers Market Segmentation, By connectivity

10.1 Introduction

10.2 Bluetooth

10.3 Hybrid

10.4 Others

 

11. Global Portable Speakers Market Segmentation, By application

11.1 Introduction

11.2 Residential

11.3 Commercial

11.4 Other

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

 

13. Company Profiles

13.1 Apple Inc.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Bose Corp.

13.3 VOXX Electronics Corp.

13.4 Plantronics Inc.

13.5 Beats Electronics

13.6 Sony Corp.

13.7 Samsung Group

13.8 ULTIMATE EARS

13.9 and 4COM Technologies

13.10 Samsung Electronics

13.11 Tribitaudio

13.12 Anker Technology Ltd

13.13 Polk Audio

13.14 Sonos Inc.

13.15 Boytone

13.16 Marshall Amplification PLC

13.17 Logitech

13.18 Bang & Olufsen

13.19 SoundWorks, Inc.

13.20 LG Corporation

13.21 House of Marley

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

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Secondary Research

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