Wireless Speakers Global Market To Reach Value Of About $33 Billion In 2025

25 Nov, 2021

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The wireless speakers market consists of sales of wireless speakers such as Bluetooth speakers and Wi-Fi speakers and related services. Wireless speakers receive sound signals in the form of radio frequency waves and amplify the sound.

Global Wireless Speakers Market Size And Drivers:

The global wireless speakers market is expected to grow from $15.03 billion in 2020 to $17.53 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The wireless speakers market is expected to reach $32.71 billion in 2025 at a CAGR of 16.9%. The increase in preference for portable speakers is an important driver for the wireless speakers market.

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Trends In The Global Wireless Speakers Market

Advanced technologies such as AI-assisted devices are an emerging trend in the wireless speakers market. This is mainly due to ease of use of AI-enabled wireless speakers that provide features such as voice recognition, allowing users to control the functioning of the speakers using voice commands. The wireless speakers based on AI software use cloud which offers a steady base for storage of data and enables quick access to the data. Google Home Max, Amazon Echo Dot 3rd Gen and JBL Link 10 are some of the wireless smart speakers with AI technology. According to Gartner, Inc., the end-user spending on virtual personal assistant (VPA)-enabled wireless speakers is estimated to increase to $3.52 billion by 2021.

Global Wireless Speakers Market Segments:
The global wireless speakers market is further segmented –
By Product: Bluetooth Speakers, Wi-Fi Speakers
By End User: Residential, Commercial
By Type: Fixed, Portable
By Geography: The global wireless speakers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Wireless Speakers Market At:

https://www.thebusinessresearchcompany.com/report/wireless-speakers-global-market-report

Wireless Speakers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wireless speakers market overviews, analyzes and forecasts market size and growth for the global wireless speakers market, wireless speakers market share, wireless speakers market players, wireless speakers market segments and geographies, wireless speakers market’s leading competitors’ revenues, profiles and market shares. The wireless speakers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.