United States Bluetooth Speaker Market Report 2018-2023: Increasing Influence of Internet in Shaping End-users' Purchasing Behavior
DUBLIN, Jan 7, 2019 /PRNewswire/ --
The "Bluetooth Speaker Market in US - Industry Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The US Bluetooth speaker market is expected to generate revenues of more than $3 billion by 2023, growing at CAGR of around 11% during 2018-2023. The report provides market share both in terms of revenue and unit shipment values.
US Bluetooth Speaker Market - Overview
The increasing growth of the music industry and the introduction of various streaming services such as Apple Music, Pandora, and Spotify is contributing to the revenues in the US Bluetooth speaker market. The rising adoption of subscription music services by end-users is augmenting the growth of the US market.
The growing investment in the development of Bluetooth technology that helps vendors includes additional features such as low power mode, HD data streaming, and improvement in the range will boost the demand for these wireless speakers in the US market. The introduction of industry grade connectivity solutions, mesh networking technology, and rapid advancements are some of the primary factors attributing to the growth of US market.
The growing preference of connected and smart devices led to the evolution of the market in the US. The leading vendors are leveraging technologies to launch innovative products that offer features such as waterproof and rugged devices to gain a larger US market share over the next few years. Additionally, the introduction of speakers with better integration with smartphones, innovative models, and sleek designs to give luxurious appeal will help in the development of the US Bluetooth speaker market.
The recovery of the economy and increasing purchasing power will contribute to the increase in purchase and usage of electronic gadgets in the US market. The market is also witnessing a trend of using the devices in increasing number of connected homes and growing number of dual-income households in the US.
US Bluetooth Speaker Market - Dynamics
The rapid advancements in battery technology are propelling the development of the US Bluetooth speaker market. The integration of lithium-ion batteries will improve the performance of these speakers in the US market. The increasing R&D for alternative electrode materials to improve the cost, performance, and energy density of lithium-ion batteries will boost the adoption of this technology in the US market.
The introduction of speakers that can run continuously up to 16 to 24 hours in a single charge will revolutionize the US market during the forecast period. The launch of gold nanowire batteries that are made up of gold nanowires in a gel electrolyte and tend to hold the original composition after multiple charge cycles will create new opportunities for top manufacturers operating in the US market. The increase in battery capacity is the primary focus of top vendors operating in the US Bluetooth speaker market. For instance, Sony SRS-XB40 Extra Bass portable wireless speaker can offer battery backup for up to 24 hours.
Key Vendor Analysis
The US Bluetooth speaker market is moderately concentrated, and the top players occupy more than 60% of the total market share. The increasing focus on continual innovations and upgrades will help companies sustain the intense competition in the US market. The rising infiltration of low-quality products from China will lead to occasional spurts of competition in the US market. The increase in product or service extensions, technological innovations, and M&A activities will intensify the competition in the US market during the forecast period. The players are also expanding their businesses and distributing networks to fast-developing states to gain a larger market share.
The major vendors in the US market are:
- Bose
- HARMAN International
- Beats
- Sony
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by Price Range
4.3.3 Market Segmentation by End-user Type
4.3.4 Market Segmentation by Portability
4.3.5 Market Segmentation by Distribution Channel Type
4.3.6 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Bluetooth Technologies
7.2.1 By Radio
7.2.2 By Topology
7.2.3 By Solution
7.3 Working Mechanism of a Bluetooth Speaker
7.4 MacroEconomic Factors Enabling Market Growth
7.4.1 Economic Development
7.4.2 Increase in Per Capita GDP
7.4.3 Dual-income Households
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Increased Purchase of Bluetooth Speakers as Gifts
8.1.2 Growing Online Music Streaming
8.1.3 Advancements in Battery Technology
8.1.4 YOY Impact of Market Growth Enablers
8.2 Market Growth Restraints
8.2.1 Volatility in Raw Material Prices and Increasing Labor Costs
8.2.2 Growing Threat from Smart Speakers
8.2.3 Technological Issues
8.2.5 YOY Impact of Market Growth Restraints
8.3 Market Opportunities & Trends
8.3.1 Growing Product Innovations
8.3.2 Increased Investment in IoT by Vendors
8.3.3 Increasing Influence of Internet in Shaping End-users' Purchasing Behavior
8.3.4 YOY Impact of Market Opportunities & Trends
9 Value Chain Analysis
9.1 Value Chain overview
9.2 Value Chain Analysis
9.2.1 Raw Material and Component Suppliers
9.2.2 Manufacturers
9.2.3 Distributors/Dealers/Retailers
9.2.4 Retailers
9.2.5 End-user
10 Introduction to Smart Home
10.1 Overview
10.2 IoT Specialized Networks
10.2.1 Bluetooth
10.2.2 ZigBee
10.2.3 Z-Wave
10.2.4 Thread
10.2.5 Wi-Fi
10.2.6 Cellular
10.3 Opportunities in Connected Living Market
10.4 Smart Device Ownership
11 Market Landscape
11.1 Bluetooth Speaker market in US
11.1.1 Historical Data 2014-2016
11.1.2 Market Size & Forecast 2017-2023
11.2 Porter's Five Forces Analysis
12 Market by Product Type
12.1 Market Overview
12.2 Traditional Bluetooth Speaker Market in US
12.3 Waterproof Bluetooth Speaker Market in US
12.4 Rugged Bluetooth Speaker Market in US
13 Market by Price Range
13.1 Market Overview
13.2 Market Size & Forecast
13.2.1 Low-end Bluetooth Speaker Market in US
13.2.2 Mid-range Bluetooth Speaker Market in US
13.2.3 Premium Bluetooth Speaker Market in US
14 Market by Portability
14.1 Market Overview
14.2 Market Size & Forecast
14.2.1 Fixed Bluetooth Speaker Market in US
14.2.2 Portable Bluetooth Speaker Market in US
15 Market by End-Users
15.1 Market Overview
15.2 Market Size & Forecast
15.2.1 Residential Bluetooth Speaker Market in US
15.2.2 Commercial Bluetooth Speaker Market in US
16 Market by Distribution Channel
16.1 Market Overview
16.2 Manufacture, Production, and Distribution
16.3 Distribution through Retail Stores
16.4 Distribution through Online Websites
17 Competitive Landscape
17.1 Market Overview
17.2 Market Vendor Ranking
18 Key Company Profiles
18.1 Bose
18.2 HARMAN International (Samsung)
18.3 BEATS Electronics (Apple)
18.4 Sony
19 Other Prominent Vendors
19.1 Altec Lansing
19.2 Anker Innovations
19.3 AOMAIS
19.4 Axess Products
19.5 Bang & Olufsen
19.6 Braven
19.7 Creative Technology
19.8 DOSS
19.9 D&M Holdings (Denon)
19.10 Edifier
19.11 Forcovr (Shenzhen Guowei Security)
19.12 iClever
19.13 ION Audio
19.14 JAM Audio
19.15 JONTER
19.16 KitSound by Kondor
19.17 Klipsch Group
19.18 Koninklijke Philips
19.19 Lenovo
19.20 LG Electronics
19.21 Logitech
19.22 Monster Cable Products
19.23 Mpow
19.24 Onkyo & Pioneer
19.25 Panasonic
19.26 Photive
19.27 Plantronics
19.28 Rock Space (RENQING TECHNOLOGY)
19.29 Samsung Electronics
19.30 SHARKK
19.31 Sharp
19.32 Skullcandy
19.33 SoundBot
19.34 Supersonic
19.35 The House of Marley
19.36 Tribit audio
19.37 VicTsing
19.38 Yamaha
19.39 Zebronics
For more information about this report visit https://www.researchandmarkets.com/research/9wbl88/united_states?w=5
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