Global Bluetooth Speaker market to grow at a CAGR of 38.73% During 2015
Bluetooth speakers are used to listen to music. They work on wireless technology that allows the user to send and receive files and data without wire. The Bluetooth speakers are portable, and are, therefore, easy to use and carry, and easy to install. Global Bluetooth Speaker market to grow at a CAGR of 38.73 percent during the forecast period 2014-2019. Bluetooth speakers are of the following types: AC/DC Bluetooth speakers, AC-only Bluetooth speakers, and DC-only Bluetooth speakers.
Covered in this Report:
This report covers the present scenario and the growth prospects of the Global Bluetooth Speaker market for the period 2015-2019. To calculate the market size, the report considers the total revenue generated from retail transactions sourced through bluetooth speakers and the unit shipment of bluetooth speakers worldwide.
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Global Bluetooth Speaker market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US, Europe, the APAC region, and the ROW; it also covers the Global Bluetooth Speaker market landscape and its growth prospects in the future. The report also includes a discussion of the key vendors operating in this market.
Commenting on the report, an our analyst said: “One major trend in this market is the increased R&D innovations. With the increase in the level of awareness by consumers, a higher number of cellphone users prefer Bluetooth speakers. Attractive features such as colors, different shapes with multiple uses, and improved connectivity are increasing consumer interest. ”
According to the report, convenience to carry and use is one of the major drivers of the market. Bluetooth speakers are gaining acceptance in the automotive sector as they give drivers an option to attend calls and drive simultaneously. Moreover these Bluetooth speakers are very lightweight and small in size, which makes them handy.
Further, the report states that one of the major challenges in the market is the limited range. There are hindrances in the communication system, and lack of accessibility and interoperability when the user and the device is beyond a particular range. With devices such as mobile phones, music players, or laptops, the speakers should be within 30-32 feet of each other to function, which makes it difficult to play music when sitting in another area.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
• Harman International Industries
• Sennheiser Electronic
Other Prominent Vendors
• Polk Audio