Worldwide Insights in Global Bluetooth Speakers Market Size, Share, Development, Growth and Demand Forecast to 2023

The increasing requirement for mobility, growing demand of infotainment services, advancements in technologies, and growth in global population are some of the growth drivers of the global bluetooth speakers market. The less power consumption of speakers equipped with bluetooth functionality is also driving the growth of the global bluetooth speakers market. The speaker models equipped with AA batteries consume less power.

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Bluetooth speakers provide wireless audio streaming. These devices are able to play media from a content source (tablet, laptop, smartphone, or any bluetooth enabled device). Most portable bluetooth devices include a rechargeable lithium polymer battery. Among the wireless portable speakers, class D amplifiers are used widely because of their high efficiency and relatively low cost.

Moreover, the high portability of bluetooth speakers makes them very convenient to use. Irrespective of their small size, these devices are loud enough and offer 8 to 15 hours of playback time, due to which they can be used for outdoor as well as for indoor applications. The advancements in internet of things (IoT) have also given boost to the growth of the global market.

The high growth rate and high profit margins in the speakers offering bluetooth functionality have caused a price war among the vendors of the global market, which has driven down the price of the speakers. One major limitation of bluetooth speakers is that its playback is limited to a short range. The range of bluetooth speakers can be up to 300 feet but for efficiency’s sake, portable bluetooth devices do not transmit greater than 40 feet.

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North America dominates the global bluetooth speakers market followed by Asia-Pacific. Bose Corporation, Harman International Industries Inc., Apple Inc., SAMSUNG, Sony Corporation, VOXX Electronics Corp., Plantronics Inc., are some of the competitors in the global bluetooth speakers market.

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