Market Size – USD 881 Million in 2020, Market Growth – at a CAGR of 22.8%, Market Trends – introduction of technologically advanced waterproof portable speakers
According to the most recent analysis from Emergen Research, the size of the global market for waterproof Bluetooth speakers is anticipated to reach 4,585.3 Million in 2028 at a CAGR of 22.8% over the projected period. Some of the key factors anticipated to drive market revenue growth over the forecast period include rising demand for portable speakers with advanced features, expanding availability of speakers with sleek designs and enhanced connectivity with smart devices, and swift advancements in Bluetooth technology. Additionally, the introduction of wireless charging, rising demand for electrical and smart gadgets that are waterproof and dust proof, and expanding internet access globally are all anticipated to support market revenue growth in the future.
An amplifier and loudspeaker with Bluetooth connectivity, a waterproof Bluetooth speaker may stream music from a variety of devices including smartphones, tablets, iPads, and phablets. These speakers’ waterproof function helps to protect them from liquids like water and dust to a certain extent. These waterproof portable Bluetooth speakers are great for modern home or outdoor settings because they are reasonably priced, have extended battery lives, come in a variety of variants, and have svelte designs.
In general, Bluetooth speakers perform poorly if there is a distance of more than 30 feet between the device and the speaker and frequently produce a worse sound than conventional speakers. Additionally, if there is any interface with other devices using the same radio frequencies, garbled singles will be audible. In the upcoming years, these significant limitations are anticipated to impede market growth in general.
Rise in the popularity of waterproof speakers among people due to increased awareness of various features associated with waterproof speakers, such as durability, is another important factor driving market growth. Other important factors include the increase in the number of smart homes globally and the technological advancement of various audio devices.
Some Key Highlights in the Report:
- The substantial revenue CAGR of 23.1% for the wireless charging type sector is anticipated to be attributed to its many advantages, including secure charging, dependability, and practical usage.
- Due to rising interest in online shopping due to the hassle-free experience, availability of a wide range of reputable online shopping portals, and the trend of doorstep delivery, the revenue for the online segment is anticipated to increase significantly over the projection period.
- Due to several benefits of waterproof Bluetooth speakers, including portability and the ability to use them close to beaches, swimming pools, and other bodies of water, the leisure segment, which in 2020 held the largest revenue share in the global market, is predicted to experience significant growth.
- Markets for AC/DC Bluetooth speakers, AC Bluetooth speakers, and DC Bluetooth speakers are subdivided into the waterproof portable Bluetooth speaker market based on type. Over the projection period, the DC Bluetooth speakers sector is anticipated to experience the fastest revenue growth. These speakers can be safely charged through USB to laptops or wall chargers and don’t need a lot of power to do so.
- The global market is divided into online and offline segments based on the distribution channels. Over the projection period, the internet segment is anticipated to experience rapid revenue growth. The e-commerce industry’s explosive growth, the availability of several manufacturers’ products, and doorstep delivery are driving segment revenue growth. Additionally, a number of e-commerce sites sell these products at discounts in addition to other advantageous deals that are not offered in brick and mortar stores.
- Key players in the market include Skullcandy, Inc., AmazonBasics, Ultimate Ears, Altec Lansing, Braven, Logitech International SA, boAt, JBL, Scosche, and Fugoo Sport.
For the purpose of this report, Emergen Research has segmented the global waterproof Bluetooth speakers market on the basis of charging type, distribution channel, application, and region:
Charging Type Outlook (Revenue, USD Billion; 2018-2028)
- AC only
- DC only
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
- Institutional Usage
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