Global Waterproof Speakers Market 2017-2021

Overview of the global waterproof speakers market

Consumers are steadily demanding for technologically advanced home spaces that are incorporated with security systems, lighting systems, and entertainment systems, including waterproof speakers. Technavio’s market study identifies the increasing adoption of smart home solutions to be one of the primary growth factors for the waterproof speakers market. Smart home systems help the consumers to monitor and control all the appliances remotely. Increasing demand for connected devices and smart home solutions further increases the demand for waterproof devices equipped with smart technology and augmented features. Our market analysts estimate that the market will grow steadily at a CAGR of almost 9% by 2021.

Vendors in the waterproof Bluetooth speakers market are offering waterproof speakers compatible with multiple operating systems such as iOS and Android operating systems. Multiple operating system compatibility capitalizes the sales revenue and expand the product variants of the vendors. Supported by the technological advancements, consumers can use their smartphones and other internet-enabled electronic gadgets to control various utilities, without being limited by the operating system of the device. The growth of the waterproof speakers market is supported by the compatibility of speakers with multiple operating systems.

Competitive landscape and key vendors

Owing to the presence of few international and several regional local vendors, the waterproof speakers market is significantly fragmented. US witnesses high degree of competition due to the concentrated nature of the market. To attain competitive advantage in the waterproof Bluetooth speakers market, vendors must develop and integrate new and emerging technologies in their product portfolio. Our analysts determine that players equipped with improved technical and financial resources will offer innovative audio and entertainment devices and offer volume discounts to customers.

The leading vendors in the market are

• Bose Corporation
• HARMAN International
• LIXIL Group
• Panasonic Corporation
• Sony Corporation

The other prominent vendors in the market are Abco Tech, Adesso, Aduro Products, Kohler, Liger Electronics, and Logitech.

Segmentation by technology and analysis of the waterproof speakers market

• Bluetooth
• Wi-Fi

Owing to the increasing consumer demand for waterproof speakers compatible with smartphones, vendors are developing Bluetooth-enabled speakers that easily connects two devices. This technology connects several devices and operates without internet connectivity. Also, all mobile phones are Bluetooth-enabled, contributing significantly to the growth of the Bluetooth segment in the waterproof Bluetooth speakers market.

Geographical segmentation and analysis of the waterproof speakers market

• Americas
• APAC
• EMEA

In the Americas, Brazil, Canada, and the US are the primary contributors to the demand for waterproof contributors due to enhanced distribution networks, efficient supply chain management facilities, and internet connectivity. Consumers in this region are increasingly engaging in recreational water activities, that is proportionately influencing the demand for the waterproof Bluetooth speakers market in Americas.  Other factors supporting this growth are adoption of smartphones, tablets, and other internet-enabled devices, and increasing consumer expenditure on entertainment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global waterproof speakers market?
• What are the key market trends impacting the growth of the global waterproof speakers market?
• What are the challenges to market growth?
• Who are the key vendors in the global waterproof speakers market?
• What are the market opportunities and threats faced by the vendors in the global waterproof speakers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global waterproof speakers market?

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