Portable Speakers Market size was valued at USD 1.94 billion in 2022 and is expected to expand at a CAGR of 11.8% from 2022 to 2030 and it will reach USD 4.74 billion in 2030.
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.
Get More Information on Portable Speakers Market - Request Sample Report
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.
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.
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.
BY PRODUCT
Mini
Capsule
Others
BY TYPE
Online
Offline
Other
BY CONNECTIVITY
Bluetooth
Hybrid
Others
BY APPLICATION
Residential
Commercial
.png)
Need any Customization as Per Your Business Requirement on Portable Speakers Market - Enquiry Now
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
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.
Plantronics Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.94 Billion |
| Market Size by 2030 | US$ 4.74 Billion |
| CAGR | CAGR of11.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Distributed Fiber Optic Sensor Market size was valued at USD 1.3 billion in 2022 and is expected to grow to USD 2.68 billion by 2030 and grow at a CAGR of 9.5% over the forecast period of 2023-2030.
The Military Radars Market Size was valued at USD 15.95 billion in 2022, expected to reach USD 23.39 billion by 2030, growing at a CAGR of 4.9% over the forecast period 2023-2030.
The global Motion Sensor Market size was valued at USD 6.1 billion in 2023, and expected to reach USD 10.32 billion by 2031, and grow at a CAGR of 6.8 % over the forecast period 2024-2031.
Biometric System Market Size was valued at USD 42.99 billion in 2022, and is expected to reach USD 127.01 billion by 2030, and grow at a CAGR of 14.5% over the forecast period 2023-2030.
The IP Intercom Market created USD 2.69 billion by 2022 and is expected to produce USD 5.20 billion by 2030, seeing a CAGR of 8.6% from 2023 to 2030.
The Wi-Fi Chipset Market size was USD 21.62 billion in 2023 and is expected to Reach USD 30.74 billion by 2031 and grow at a CAGR of 4.5 % over the forecast period of 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
