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. Bluetooth speakers are of the following types: AC/DC Bluetooth speakers, AC-only Bluetooth speakers, and DC-only Bluetooth speakers.
The Global Bluetooth Speaker Market is witnessing an increase in R&D expenditure by vendors, thus resulting in the introduction of many innovative applications like improved battery life and better efficiency.
“Vendors are trying to attract a wider consumer base by providing a range of multipurpose Bluetooth speakers, which come in a huge variety of colors and shapes,”.
The price of Bluetooth speakers has also declined since they were first introduced. The high growth rate and lucrativeness of the Global Bluetooth Speaker Market have caused a price war among existing vendors, which has driven down the price of the speakers.
“New vendors entering the market are offering Bluetooth speakers at a cheaper rate than the existing vendors, which is causing global vendors to reduce their prices in order to stay competitive,”.
According to the new report, the Global Bluetooth Speaker Market will be valued at more than US$7 billion by 2019.
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.
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.