At what pace is the wireless speakers market growing, and what is its estimated value?
The wireless speakers market size has grown exponentially in recent years. It will grow from $37.14 billion in 2024 to $45.71 billion in 2025 at a compound annual growth rate (CAGR) of 23.1%. The growth in the historic period can be attributed to rising demand for portable audio solutions, growing connectivity needs, increasing disposable income, lifestyle changes, social trends and gatherings.
The wireless speakers market size is expected to see exponential growth in the next few years. It will grow to $111.25 billion in 2029 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to rising smart home integration, rising popularity of outdoor activities, innovations in design and aesthetics, environmental consciousness, and changing content consumption patterns. Major trends in the forecast period include enhanced battery life, gesture and touch controls, innovations in portability, customizable sound profiles, and collaborations with high-end brands.
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Which major factors have contributed to the expansion of the wireless speakers market?
Rising popularity of smart home devices is expected to propel the growth of the wireless speakers market going forward. Smart home devices are electronic gadgets and appliances that connect to a home network and can be controlled remotely via smartphones, tablets, or voice assistants. Smart home devices are attributed to increased convenience, enhanced energy efficiency, improved security, and greater control over home environments through connectivity and automation. Wireless speakers help smart home devices by acting as central hubs for voice control and audio streaming, enabling users to easily interact with other smart devices through voice commands, play music or audio throughout the home, and integrate seamlessly into home automation systems for a cohesive and user-friendly experience. For instance, in August 2023, according to RubyHome, a US-based real estate company, in the US, 63.43 million homes use smart home devices, and around 7 in 10 homebuyers are willing to buy a smart home. Therefore, rising popularity of smart home devices is driving the growth of the wireless speakers market.
How is the wireless speakers market segmented?
The wireless speakers market covered in this report is segmented –
1) By Product: Bluetooth Speakers, Wi-Fi-Speakers
2) By Type: Fixed, Portable
3) By End User: Residential, Commercial
Subsegments:
1) By Bluetooth Speakers: Portable Bluetooth Speakers, Home Bluetooth Speakers, Outdoor Bluetooth Speakers
2) By Wi-Fi Speakers: Multi-Room Wi-Fi Speakers, Smart Wi-Fi Speakers, Soundbars With Wi-Fi
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Who are the top competitors in the wireless speakers market?
Major companies operating in the wireless speakers market include Apple Inc., Alphabet, Samsung Electronics Co. Ltd, Panasonic Corporation., Telefónica, Xiaomi, Sharp Corporation, Koninklijke Philips N.V., Harman International Industries, Logitech International, YAMAHA Corporation, Bose Corporation, DOSS, LG Electronics India Private Limited, Sonos Inc, Plantronics, Sony India Pvt. Ltd, VOXX Electronics Corp, Sennheiser electronic GmbH & Co. KG., Altec Lansing, Skullcandy, Beats Electronics LLC., Creative Technology Ltd, Best IT World (India) Pvt. Ltd, Braven, Polk Audio, Avnera, James Bullough Lansing, Logitech International S.A., Bang & Olufsen Group, Sound United LLC, Marshall Amplification, GP Acoustics International Ltd., Vizio Inc., Anker Innovations Co. Ltd, Libratone A/S, Devialet SAS., Klipsch Audio Technologies
Which key trends are expected to influence the wireless speakers market in the coming years?
Advanced technologies such as AI-assisted devices are an emerging trend in the wireless speakers market. This is mainly due to the ease of use of AI-enabled wireless speakers that provide features such as voice recognition, allowing users to control the functioning of the speakers using voice commands. The wireless speakers based on AI software use the cloud which offers a steady base for the storage of data and enables quick access to the data. For instance, in June 2022, Sonos Inc., a US-based audio equipment manufacturer, launched Sonos Voice Control, a voice interface designed for controlling music and Sonos systems. This innovative feature is notable for its emphasis on privacy, as it processes voice commands entirely on the device without sending audio or transcripts to the cloud.
Which regional trends are influencing the wireless speakers market, and which area dominates the industry?
The countries covered in the wireless speakers’ market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Wireless Speakers Market Report 2025 Offer?
The wireless speakers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A wireless speaker is defined as electrical equipment that receives sound signals in the form of radio frequency waves and amplifies the sound, allowing for greater mobility and convenience in audio playback without the need for physical connections.
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