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Portable Speaker Market by Technology, Distribution Channel, and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 154
  • SKU: IRTNTR44822
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The predicted growth of the portable speaker market share from 2021 to 2026 is USD 16.36 billion, at a progressing CAGR of 18.28%.

This market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The market report also offers information on several market vendors, including Aliph Brands LLC, Altec Lansing Inc., Apple Inc., Bose Corp., Creative Technology Ltd., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Masimo Corp., Panasonic Corp., Pioneer Corp., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Skyworks Solutions Inc., Sony Group Corp., Truvison Industries Pvt. Ltd., Yamaha Corp., and ZAGG Inc. among others.

This report extensively covers the portable bluetooth speakers market segmentation by the following:

  • Distribution Channel - Offline and Online
  • Technology - Wireless and Wired
  • Geography - APAC, North America, Europe, South America, and Middle East and Africa

What will the Portable Speaker Market Size be During the Forecast Period?

Portable Speaker Market Size

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Portable Speaker Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in the number of smart homes is notably driving the portable speaker market growth, although factors such as easy availability of counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the portable speaker industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Portable Speaker Market Driver

One of the key factors driving growth in the portable speaker market is the rise in the number of smart homes. Many homes in developed countries like the US and the UK are leveraging the Internet of Things technology and remodeling to smart homes. These smart homes connect all consumer electronic devices, media and entertainment gadgets, and other smart electronics to the home network. The devices interact with each other through the home network. The demand for smart homes is driven by energy-saving requirements, the need for convenience, and rising connectivity between various devices. The demand is also driven by government initiatives that promote smart homes for better living. Wireless portable speakers facilitate the communication between the devices connected to the home network and provide easy streaming of content like music and videos. The smart home market has already established its presence in developed markets, and it is expected to have significant growth in developing countries during the forecast period.

Key Portable Speaker Market Trend

The growing popularity of multi-room streaming is a portable speaker market trend that is expected to have a positive impact in the coming years. The advent of networked audio means the removal of much of the effort, expense, and time, as all audio devices are wirelessly connected with technologies such as Bluetooth, Wi-Fi, or AirPlay. The growing trend of maintaining speakers in all the rooms is supporting the growth of the market. Multi-room speakers need to be connected to one master speaker that can be connected wirelessly with Bluetooth, Wi-Fi, or AirPlay. Bluetooth speakers constitute more than 75% of the market.SRS-X77, SRS-X88, and SRS-X99 Bluetooth speakers by Sony and WAM250/ZA and WAM7500/ZA Bluetooth speakers by Samsung Electronics have multi-room streaming features. In March 2022, Sonos Roam SL, a portable speaker manufacturer, launched a portable speaker with both Bluetooth And Wi-Fi, which can be added to multi-room audio systems. Thus, such product innovations are likely to boost the growth of the market during the forecast period.

Key Portable Speaker Market Challenge

The easy availability of counterfeit products will be a major challenge for the portable speaker market during the forecast period. Leading manufacturers are facing a major threat because of the availability of counterfeit products from unauthorized dealers and at local stores. APAC is considered the hub for counterfeit products. Consumers get attracted to counterfeit products because they are inexpensive, easily available, and copies of big brands. The popularity and presence of these products are likely to intensify the competition in the market. Counterfeit products usually fail to allow smartphones to detect Bluetooth. The compatibility issues and decline in the cost of Bluetooth speakers will likely have a negative impact on the growth of the market during the forecast period.

This portable bluetooth speakers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global portable speaker market as a part of the global consumer electronics market within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Portable Speaker Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Aliph Brands LLC
  • Altec Lansing Inc.
  • Apple Inc.
  • Bose Corp.
  • Creative Technology Ltd.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Logitech International SA
  • Masimo Corp.
  • Panasonic Corp.
  • Pioneer Corp.
  • Plantronics Inc.
  • Samsung Electronics Co. Ltd.
  • Sennheiser electronic GmbH and Co. KG
  • Shure Inc.
  • Skyworks Solutions Inc.
  • Sony Group Corp.
  • Truvison Industries Pvt. Ltd.
  • Yamaha Corp.
  • ZAGG Inc.

 

This statistical study of the portable speaker market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as technological innovations and the expansion of the operations to compete in the market.

Product Insights and News

  • Altec Lansing Inc. - Altec Lansing Inc. is a privately held company headquartered in the US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global portable bluetooth speakers market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Altec Lansing Inc. - The company offers portable speakers such as Soundbucket XL, Rockbox XL, Mini Lifejacket Jolt, Soundbucket, Lifejacket XL Jolt, and Hydraboom. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Portable Speaker Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the portable bluetooth speakers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Portable Speaker Market?

Portable Speaker Market Market segmentation by region

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42% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for portable speaker in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The high population and rising disposable income will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic negatively impacted the sales of portable speaker retailers in APAC in 2020. Various retailers and brands in the regional portable bluetooth speakers market faced short-term challenges related to cash flow, supply chain, health and safety, and customer demand. However, the sales of portable speakers increased from Q3 of 2020, owing to the gradual lifting of lockdown restrictions, which resulted in the opening of electronic manufacturing units. Additionally, in developing countries such as India, China, Vietnam, Thailand, and Singapore, the technological advancement and penetration of smartphones increased substantially due to the remote working scenarios and change in conventional studying methods owing to the lockdown restrictions of the pandemic.

What are the Revenue-generating Distribution Channel Segments in the Portable Speaker Market?

Portable Speaker Market Segmentation

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The market share growth by the offline segment will be significant during the forecast period. The unorganized sector of the global portable speaker marker will not be affected as much by the increasing popularity of the online sales segment in the market. With the sector providing cost-effective alternate solutions for price-conscious consumers, the online sales segment will find it difficult to tap into the sector. One of the major factors driving the market growth is the increased credibility of brick-and-mortar stores. In addition, consumers prefer these stores because they have flexible return policies or an increased period of warranty.

This report provides an accurate prediction of the contribution of all the segments to the growth of the portable bluetooth speakers market size and actionable market insights on post-COVID-19 impact on each segment.

You may be interested in:

Professional Speaker market - The market share is expected to increase by USD 543.74 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.36%.

Bluetooth Speaker market - The market share is expected to increase to USD 6.93 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.39%.

US Smart Home Speaker market - The market share is expected to increase to USD 3.93 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 18.45%.

Smart Speaker market - The market size is predicted to surge to USD 20.72 billion from 2021 to 2026 at a CAGR of 25.98%.

Portable Speaker Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.28%

Market growth 2022-2026

USD 16.36 billion

Market structure

Fragmented

YoY growth (%)

17.56

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aliph Brands LLC, Altec Lansing Inc., Apple Inc., Bose Corp., Creative Technology Ltd., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Masimo Corp., Panasonic Corp., Pioneer Corp., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Skyworks Solutions Inc., Sony Group Corp., Truvison Industries Pvt. Ltd., Yamaha Corp., and ZAGG Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Portable Speaker Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive portable speaker market growth during the next five years
  • Precise estimation of the portable speaker market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the portable speaker industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of portable speaker market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Distribution Channel

    • 5.1 Market segments
      • Exhibit 25: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Distribution Channel
      • Exhibit 27: Chart on Comparison by Distribution Channel
      • Exhibit 28: Data Table on Comparison by Distribution Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Distribution Channel
      • Exhibit 37: Market opportunity by Distribution Channel ($ million)

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 38: Chart on Technology - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Technology - Market share 2021-2026 (%)
    • 6.2 Comparison by Technology
      • Exhibit 40: Chart on Comparison by Technology
      • Exhibit 41: Data Table on Comparison by Technology
    • 6.3 Wireless - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Wireless - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Wireless - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Wireless - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Wireless - Year-over-year growth 2021-2026 (%)
    • 6.4 Wired - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Wired - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Wired - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Wired - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Wired - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Technology
      • Exhibit 50: Market opportunity by Technology ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 54: Chart on Geographic comparison
      • Exhibit 55: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 56: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 57: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 58: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 59: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 North America - Market size and forecast 2021-2026
      • Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 China - Market size and forecast 2021-2026
      • Exhibit 76: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.9 US - Market size and forecast 2021-2026
      • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 Japan - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.12 UK - Market size and forecast 2021-2026
      • Exhibit 92: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 96: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 97: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 99: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 100: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 101: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 102: Matrix on vendor position and classification
            • 11.3 Altec Lansing Inc.
              • Exhibit 103: Altec Lansing Inc. - Overview
              • Exhibit 104: Altec Lansing Inc. - Product / Service
              • Exhibit 105: Altec Lansing Inc. - Key offerings
            • 11.4 Apple Inc.
              • Exhibit 106: Apple Inc. - Overview
              • Exhibit 107: Apple Inc. - Business segments
              • Exhibit 108: Apple Inc. - Key news
              • Exhibit 109: Apple Inc. - Key offerings
              • Exhibit 110: Apple Inc. - Segment focus
            • 11.5 Bose Corp.
              • Exhibit 111: Bose Corp. - Overview
              • Exhibit 112: Bose Corp. - Product / Service
              • Exhibit 113: Bose Corp. - Key news
              • Exhibit 114: Bose Corp. - Key offerings
            • 11.6 Creative Technology Ltd.
              • Exhibit 115: Creative Technology Ltd. - Overview
              • Exhibit 116: Creative Technology Ltd. - Business segments
              • Exhibit 117: Creative Technology Ltd. - Key offerings
              • Exhibit 118: Creative Technology Ltd. - Segment focus
            • 11.7 Koninklijke Philips NV
              • Exhibit 119: Koninklijke Philips NV - Overview
              • Exhibit 120: Koninklijke Philips NV - Business segments
              • Exhibit 121: Koninklijke Philips NV - Key news
              • Exhibit 122: Koninklijke Philips NV - Key offerings
              • Exhibit 123: Koninklijke Philips NV - Segment focus
            • 11.8 LG Electronics Inc.
              • Exhibit 124: LG Electronics Inc. - Overview
              • Exhibit 125: LG Electronics Inc. - Business segments
              • Exhibit 126: LG Electronics Inc. - Key news
              • Exhibit 127: LG Electronics Inc. - Key offerings
              • Exhibit 128: LG Electronics Inc. - Segment focus
            • 11.9 Panasonic Corp.
              • Exhibit 129: Panasonic Corp. - Overview
              • Exhibit 130: Panasonic Corp. - Business segments
              • Exhibit 131: Panasonic Corp. - Key offerings
              • Exhibit 132: Panasonic Corp. - Segment focus
            • 11.10 Samsung Electronics Co. Ltd.
              • Exhibit 133: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 134: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 135: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 136: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 137: Samsung Electronics Co. Ltd. - Segment focus
            • 11.11 Sennheiser electronic GmbH and Co. KG
              • Exhibit 138: Sennheiser electronic GmbH and Co. KG - Overview
              • Exhibit 139: Sennheiser electronic GmbH and Co. KG - Business segments
              • Exhibit 140: Sennheiser electronic GmbH and Co. KG - Key offerings
              • Exhibit 141: Sennheiser electronic GmbH and Co. KG - Segment focus
            • 11.12 Sony Group Corp.
              • Exhibit 142: Sony Group Corp. - Overview
              • Exhibit 143: Sony Group Corp. - Business segments
              • Exhibit 144: Sony Group Corp. - Key offerings
              • Exhibit 145: Sony Group Corp. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 146: Inclusions checklist
                • Exhibit 147: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 148: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 149: Research methodology
                • Exhibit 150: Validation techniques employed for market sizing
                • Exhibit 151: Information sources
              • 12.5 List of abbreviations
                • Exhibit 152: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Portable Speaker market growth will increase by $16365.03 million during 2022-2026.
              The portable speaker market is expected to grow at a CAGR of 18.28% during 2022-2026.
              Technavio has segmented the portable speaker market by distribution channel (Wireless and Wired) ,technology (Offline and Online) , and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              Aliph Brands LLC, Altec Lansing Inc., Apple Inc., Bose Corp., Creative Technology Ltd., Koninklijke Philips NV, LG Electronics Inc., Logitech International SA, Masimo Corp., Panasonic Corp., Pioneer Corp., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH and Co. KG, Shure Inc., Skyworks Solutions Inc., Sony Group Corp., Truvison Industries Pvt. Ltd., Yamaha Corp., ZAGG Inc. are a few of the key vendors in the portable speaker market.
              APAC will register the highest growth rate of 42.2% among the other regions. Therefore, the portable speaker market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the portable speaker market growth are:
              • Rise in the number of smart homes
              • Growing popularity of multi-room streaming
              The portable speaker market vendors should focus on grabbing business opportunities from the wireless segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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