PUBLISHER: TechNavio | PRODUCT CODE: 1684955
PUBLISHER: TechNavio | PRODUCT CODE: 1684955
The portable speaker market is forecasted to grow by USD 26520.8 million during 2024-2029, accelerating at a CAGR of 23% during the forecast period. The report on the portable speaker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in number of smart homes, increasing innovations in wireless technology, and increasing adoption of wireless audio systems.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 18.2% |
CAGR | 23% |
Incremental Value | $26520.8 mn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's portable speaker market is segmented as below:
By Distribution Channel
By Technology
By Connectivity
By Geographical Landscape
This study identifies the growing adoption of Bluetooth 5.0 and higher standards as one of the prime reasons driving the portable speaker market growth during the next few years. Also, growing popularity of multi-room streaming and advent of cloud-hosted music streaming services will lead to sizable demand in the market.
The report on the portable speaker market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading portable speaker market vendors that include Altec Lansing Inc., Apple Inc., Bose Corp., Creative Technology Ltd., Koninklijke Philips NV, LG Corp., Logitech International SA, Masimo Corp., Panasonic Holdings Corp., Pioneer Corp., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skyworks Solutions Inc., Sony Group Corp., and ZAGG Inc.. Also, the portable speaker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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