MRO Magazine

Research and Markets: Global Bluetooth Speaker Market – By Charging Technology, Application, Geography and Vendors – Market Shares, Forecasts and Trends 2015 – 2020


October 15, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/n8kzdm/global_bluetooth) has announced the addition of the “Global Bluetooth Speakers – By Charging Technology, Application, Geography and Vendors – Market Shares, Forecasts and Trends (2015 – 2020)” report to their offering.

The Global Bluetooth Speaker market is projected to witness CAGR of 39.28% over the forecast period, to reach total market value of $9.12 billion by end of 2020. In last five years, growing penetration of smartphones and increasing consumer awareness has further increased the demand for bluetooth speakers worldwide.

Bluetooth speakers are used to play music using wireless technology. Bluetooth being a common technology among smart phones, tablets and other music devices makes the speaker compatible with most of the sources. These speakers are portable and small in size enabling users to create endless possibilities for the speaker manufacturers. Even though, some of these speakers are small in size but are loud enough and offer a decent 8 to 15 hours of playback time which makes them ideal not only for indoor applications but also for outdoor applications. Some manufactures have also come out with wireless charging features as well as charging docks, making them completely wire free and moreover with decent battery size, they offer charging for mobiles or tablets docked over them.

Rapid innovations, increasing R&D expenditure with new innovative applications has surged the demand in the Bluetooth speakers market and opened new gateways of opportunities for manufactures across the globe.

One major limitation of the Bluetooth speaker market is that they have short range playback capacity; whenever the source device goes out of the Bluetooth range, the connection breaks down and the speakers are unable to play the music, while other wireless technology such Wi-Fi and Airplay offer much wider ranges of streaming capacity.

Companies Mentioned

  • Sony
  • Philips
  • Bose
  • Harman International Industries
  • Panasonic
  • Shure Incorporated
  • Samsung
  • Fenda Technology
  • LG
  • iBall
  • Plantronics
  • Polk Audio

For more information visit http://www.researchandmarkets.com/research/n8kzdm/global_bluetooth

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Audio Equipment