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Bluetooth Speakers Market Poised for Remarkable Growth, Forecast to Reach $66.8 Billion by 2030
Global Market for Bluetooth Speakers
Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Bluetooth Speakers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
This new research publication highlights the impressive projection that the global Bluetooth Speakers market is set to soar, reaching an estimated US$66.8 Billion by the year 2030. Driven by a compound annual growth rate (CAGR) of 19.3% from 2022 to 2030, this sector demonstrates the robust demand for wireless audio solutions in today’s tech-driven consumer marketplace. Notably, portable Bluetooth speakers are anticipated to achieve a remarkable 21.5% CAGR, signifying their widespread adoption.
The research emphasizes the strategic expansion in several key regions, with the United States market currently valued at US$4.2 Billion. Significantly, China is expected to surge at an extraordinary 25% CAGR, signaling a strong consumer appetite within the rapidly expanding economy. Other regions including Japan and Canada are predicted to grow steadily, while Europe sees Germany leading with a projected CAGR of 14.8%.
Key Market Segments and Dynamics
Portable Bluetooth Speakers Segment: The portable segment's potent growth trajectory underpins the trend towards mobile and versatile audio devices.
Fixed Bluetooth Speakers Segment: With a steadier growth rate, this segement caters to consumers seeking permanent solutions for their audio systems.
Surging interest from both developed and developing economies reflects the global reach and scalability of the Bluetooth speaker market.
Geographic Market Outlook
The U.S. leads with solid market valuation and consumer adoption rates.
China’s exponential growth trajectory positions it as a key market to watch over the coming years.
Japan and Canada hold significant growth potential during the forecast period.
Key Attributes:
Report Attribute | Details |
No. of Pages | 231 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $16.3 Billion |
Forecasted Market Value (USD) by 2030 | $66.8 Billion |
Compound Annual Growth Rate | 19.3% |
Regions Covered | Global |
A selection of companies mentioned in this report includes
Altec Lansing
Best It World Pvt. Ltd. (iBall)
Bose Corporation
Harman International Industries, Inc.
JVC Kenwood Corporation
Koninklijke Philips NV
LG Electronics Inc.
Logitech International SA
Plantronics, Inc.
Samsung Corporation
Shure Incorporated
Sony Corporation
For more information about this report visit https://www.researchandmarkets.com/r/sncokx
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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