Global Bluetooth Speaker Market Size, Growth, Trends, Industry Analysis and Forecast 2020

Technavio Announces the Publication of its Research Report Global Bluetooth Speaker Market 2016-2020

Technavio recognizes the following companies as the key players in the global bluetooth speaker market: Beats Electronics, Bose, Harman, Samsung, and Sony.
Other Prominent Vendors in the market are:
Altec Lansing, Avnera, Braven, Cambridge SoundWorks, Creative Technology, Denon Electronics, Jawbone, JBL, JVC Kenwood, LG Electronics, Logitech, Panasonic, Koninklijke Philips, Pioneer, Plantronics, Sennheiser, Sharp, Shure, Sonos, Supersonic, Voxx, and Yamaha.
Commenting on the report, an analyst from Technavio’s team said: “Growing popularity of multi-room streaming is a key trend in this market. The advent of networked audio means the removal of much of the efforts, expense, and time, as all the audio devices are wirelessly connected with technologies such as Bluetooth, Wi-Fi, or AirPlay. These technologies help separate a system’s physical and logical connections, which further means that a single network carries multiple channels, making it possible to make infrastructure changes relatively cheaply, quickly and inexpensively. The growing trend of maintaining speakers in all the rooms is expediting the growth of the Bluetooth speakers market.”

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According to the report, wireless streaming of audio content is one of the major factors driving the sale of Bluetooth speakers globally. Modern devices like laptops, smartphones, and tablets are equipped with Wi-Fi and Bluetooth connectivity enabling impressive streaming of content, which is another driving factor supporting the growth of the bluetooth speaker market.
Further, the report states that the easy availability of counterfeit products is a major challenge faced by leading manufacturers. APAC is considered as the hub for counterfeit products. Consumers are attracted towards counterfeit...