The global Bluetooth speaker market reached a value of US$ 10.1 Billion in 2021. As per the analysis by IMARC Group, the top bluetooth speaker companies are increasingly focusing on extensive research and development (R&D) activities in order to continually improve the quality of their bluetooth speakers. Along with this, they are heavily investing in continual technological advancements and integrating innovative features with the speakers, such as the Internet of Things (IoT) and artificial intelligence (AI), which are gaining widespread prominence among the masses. Moreover, continuous developments in the e-commerce infrastructure and the advent of online delivery models are providing an impetus to the market. Additionally, the rising demand for wireless speakers on account of enhanced convenience is significantly supporting the demand for bluetooth speakers on the global level. Other factors, including rapid urbanization, the inflating disposable income levels of individuals, diversified product variants, the growing popularity of bluetooth speakers among the millennial population and the changing consumer preferences, are also positively influencing the market. On account of these factors, the market is expected to reach a value of US$ 30.4 Billion by 2027, exhibiting a CAGR of 19.1% during 2022-2027.
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Headquarters: Massachusetts, United States
Bose Corporation is an American company that is primarily involved in the manufacturing and selling of audio equipment. Its product portfolio comprises a wide range of audio-related products, including earbuds, commercial sound systems, sleepbuds, speakers, headphones, and audio sunglasses. The company has a presence across the Middle East and Africa, Asia Pacific, Europe, Latin America, the Caribbean, and the United States and Canada, wherein it supplies its products to car and consumer electronics manufacturers. The company heavily invests in research and development (R&D) activities to develop new technologies as well as in sustainable projects, including the introduction of a global multi-year sustainability strategy to manage the social, environmental, and economic responsibilities of the business.
Headquarters: Beijing, China
Edifier International Limited is a Chinese audio equipment manufacturer that majorly specializes in the production of studio speakers, home entertainment speakers, bluetooth portable speakers, gaming speakers, desktop entertainment speakers, communicator headphones, lifestyle speakers, and gaming headphones. The company focuses on delivering outstanding sound experiences through a wide range of automobile audio, home sound, professional audio, headphones, and microphones for personal entertainment and professional use. It has established a route-to-market network all over the world and a global-based workforce with distribution partners and registered international trademarks in Germany, France, Italy, the USA, Canada, Japan, Australia, and Mexico.
Headquarters: Connecticut, United States
Harman International Industries is an American audio electronics company that operates under Samsung. The company is primarily engaged in designing and engineering connected products and solutions for connected car systems, audio and visual products, enterprise automation solutions, and connected services. It markets its products across the globe through prominent audio equipment brands, including:
The company extensively focuses on continual technological advancements and the integration of its products with the internet of things (IoT) and fifth-generation (5G) to innovate automotive, lifestyle, professional, and digital solutions.
Headquarters: Seoul, South Korea
LG Corporation is a South Korean multinational conglomerate that specializes in managing equity investment portfolios on a corporate level and efficiently allocating resources to subsidiaries in order to foster quality products and services for the global market. The company operates multiple subsidiaries, such as:
It also heavily spends on R&D activities in the field of artificial intelligence (AI), robots, cleantech, and software in its well-established LG Science Park.
Headquarters: Osaka, Japan
Panasonic Corporation is one of the largest electronic product manufacturers in the world that deals with home appliances, business solutions, automobiles, industrial equipment, housing, audio video solutions, energy savings and environment, food service systems, facial recognition devices, and security and disaster prevention systems. The company operates several holding companies in Japan and overseas, including:
Headquarters: California, United States
Polk Audio, an American subsidiary company that operates under the umbrella of DEI Holdings, is majorly engaged in the manufacturing of audio products. The company product portfolio comprises various types of home speakers mainly designed for subwoofers, bookshelf, center channels, floor-standing, satellite or surround, height modules, and home theater systems. Besides this, it also specializes in soundbars, built-in sound systems for walls and ceilings, outdoor systems, and car and marine speakers. It focuses on extensive research and development (R&D) activities and continual technological advancements to introduce improved product variants in the global market.
Headquarters: Suwon, South Korea
Samsung is a multinational electronics corporation that specializes in the production of a wide variety of consumer and industry electronics, including digital media devices, appliances, semiconductors, integrated systems, and memory chips. Currently, the company focuses on expanding its market leadership in the memory business by demonstrating superior technology. Its large-scale integration (LSI) business is majorly involved in research and development (R&D) projects for developing next-generation semiconductor solutions. Besides this, its foundry business has created 2nd-generation 14-nanometer (nm) FinFET mobile SoCs (System-on-Chips) to introduce a wide array of advanced mobile devices and IoT products.
Headquarters: Wedemark, Germany
Sennheiser electronic GmbH & Co. KG is a German privately held audio company primarily involved in the manufacturing and selling of a wide range of products, including microphones, telephone accessories, headphones, and headsets for professional, personal, and business applications. This family-owned company operates its own well-established plants in Germany, Ireland, and the US while marketing its products across the globe. It also has its own research and development (R&D) centers in North America, Europe, and South Asia. It also operates multiple subsidiaries across Germany, named:
Headquarter: Tokyo, Japan
Sony Corporation is a Japanese multinational conglomerate corporation that is majorly involved in the manufacturing and selling of electronic equipment, semiconductors, medical-related equipment, and instruments. Its product portfolio consists of televisions, mobile phones, cameras, music systems, game consoles, and software and batteries. Besides this, it also produces and distributes recorded music, television programming, and motion pictures, as well as operates television and digital networks across Asia-Pacific, Europe, the Middle East, Africa, and the Americas. The company markets its products under prominent brand names, including:
Headquarters: Mumbai, India
The boAt is an India-based company that is majorly involved in the production and selling of earphones, headphones, stereos, travel chargers, and premium rugged cables. The company offers a wide range of audio-focused consumer electronics, such as wired headphones, wireless earbuds, home audio equipment, smart watches, wireless speakers and an assortment of mobile phone accessories. It promotes its products through a combination of influencer marketing and brand tie-ins with brand events and sports teams. It also focuses and spends on sustainability projects, wherein the company has partnered with an authorized E-waste recycler, Namo E-waste Management Ltd., to channelizing E-Waste collection from PAN India.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the bluetooth speaker market, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
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