The global wifi wireless speakers’ market is anticipated to grow at a CAGR of 13.46% during the forecast period. The major factors for the growth of the markets are the increasing disposable income of the people across the globe, along with the increasing investment in the smart homes and portable speakers. All these factors combined will fuel the growth of the market during the forecast period.
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The shipment of the wireless speaker market was around 227 million in 2020, and it will reach 500 million by 2026. There are many factors due to which many consumers are increasingly shifting towards the wifi wireless speaker, some of them being the voice assistant, convenience, easy to carry, and many others, due to which the millennials are shifting towards wireless speaker, in turn fueling the growth of the market during the forecast period. Companies like Amazon and Google are targeting the customers with these features, and are trying to increase their customer base. These companies are adding features like splash resistant, water resistant, and many others, to make them more attractive for the customers. More and more consumers are opting for wifi wireless speakers over Bluetooth speakers, due to the various advantages such as low latency, reliability, and direct connection via internet. According to the Consumer Technology Association, wifi wireless speaker had a share of 62% in the total smart speakers sold in the USA in 2019.Some of the key global players of the wifi wireless speaker market include Bose Corporation, Harman International Industries, Inc., Sony Corporation, Amazon, Inc., Philips, Panasonic, and many others.
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Market Coverage
- Segment Covered-
o By Connectivity Type
o By End User
o By Type
- Competitive Landscape -Bose Corporation, Harman International Industries, Inc., Sony Corporation, Amazon, Inc., Philips, Panasonic, and many others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wifi Wireless Speakers Market
o By Connectivity Type
- Smart Speakers
- Combo Wifi Speakers
o By End User
- Residential
- Commercial
o By Type
- Fixed
- Portable
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