Bluetooth Speakers Popular with industry to be 33 Billion USD in 2028

Bluetooth speakers are the latest advancement in the wireless world. Equipped with the same Bluetooth technology that allows you to wirelessly share your phone’s music and files with friends, these speakers offer a high-quality wireless listening experience. As far as wireless technology is concerned, Bluetooth is in a state of constant renewal and offers compelling performance.

Bluetooth speakers are used to listen to music, and the volume is relatively low. Relying on the Bluetooth transmission protocol as a carrier, users can send and receive files and data wirelessly, easy to use, easy to carry, and easy to install. Bluetooth speakers are used in indoor entertainment, offices, outdoor activities, etc. Smart speakers are part of Bluetooth speakers. Smart speakers are growing in popularity. 2014 is the first year of the smart speaker market. Many e-commerce giants are releasing a series of products in quick succession. Google (2016), Amazon (2014), Alibaba (2017), Baidu (2015), Xiaomi (2017), DingDong by JD and iFlytek (2015), etc. The market grows rapidly at first and then slows down gradually. China and the United States are the top consuming countries in the smart speaker market.

Bluetooth speaker prices vary widely from tens to hundreds of dollars depending on the player, depending on technology, performance, sound quality, application scenarios, etc. Each manufacturer employs multiple price points to serve different markets. Beats is one of the premium brands, JBL, Sony and Bose have diversified product prices. Prices have come down a bit over the last few years.

Major players in the global Bluetooth speaker manufacturing market are Samsung, Amazon, Bose, Sony, Apple (Beats), Poineer, Sennheiser and others. The market is less concentrated with many niche manufacturers operating in the market. Each of the top players has less than 10% market share. Harman bought Bang & Olufsen in 2015. Incipio Group acquired Skullcandy and Griffin Technology in 2016. Samsung Electronics acquired Harman in 2017. DEI Holdings acquired Bowers & Wilkins in 2020.

The United States, Europe and China are currently the market leaders. China is also the leader in the electronic hardware OEM field in the Bluetooth speaker market. Over 50% of our products are made in China. For example, the Amazon Echo is assembled at the Hengyang Foxconn factory.

Bluetooth speakers bring convenience and fun to people’s lives. This product is gaining more and more fans. Total market size of global Bluetooth speakers is estimated at $16,579.85 million in 2022, the market is projected to reach $334,043,200 million by 2028, growing at a CAGR of 15.04% from 2022-2028 It has been. Global sales of Bluetooth speakers in 2021 are estimated at 390,868.4,000 units.

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