Fact.MR: How is the Growing Adoption of Wi-Fi- & Bluetooth-enabled Devices Spurring Growth of the Loudspeaker Market?

Loudspeaker Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Award winning market research company Fact.MR has recently published a report on the global loudspeaker market. As per its analysis, the market is expected to yield credible gains through 2021 and beyond, largely underpinned by an increasing tilt towards investments in advanced acoustic systems across residential and commercial settings. An impressive growth rate has been projected throughout the 2021-2031 forecast period.

Over the years, the market has made massive gains, as deepening digital literacy has enabled greater access to laptops, tablets, and smart television sets. This is inclining demand for outdoor entertainment setting-like experiences within the home environment. For instance, popular estimates suggest that, the smart speaker systems market across India reached nearly US$ 64 million in 2020. Similarly, bright prospects are on the cards for the U.S., German, and U.K. markets.

Request a Report Sample to Gain Valuable Insights at 

loudspeaker market

With future entertainment trends making a paradigm shift as people prefer to organize events and performances across residential settings amid heightened convenience and cautiousness levels, prominent loudspeaker manufacturers are making significant strides to ensure the availability of the most sophisticated and state-of-the-art product offerings.

Key Takeaways from Market Study

  • By speaker type, preference for soundbars to remain  high, attributed to portability benefits
  • Home entertainment to account for bulk of all loudspeaker sales, fueled by surging income levels
  • Growing popularity of smart speakers to bolster U.S. loudspeaker market revenue
  • The U.K. experiencing high sales amid increasing deployment of emergency vehicle fleets
  • Swelling music industry to heighten loudspeaker sales across Germany
  • High demand across the automotive segment to enhance loudspeaker sales in India

“Prominent loudspeaker manufacturers are highly concentrating on offering loudspeakers that are Wi-Fi- and Bluetooth-compatible, attributed to increased ownership of laptops, smart TVs, and smartphones, so as to provide highly integrated solutions to end users,” comments a Fact.MR analyst.  

For More Detailed Information about Methodology at 

Competitive Landscape

Key loudspeaker manufacturers are engaging in active collaborations with prominent acoustic technology companies to develop highly sophisticated product portfolios. Furthermore, emerging economies across Asia Pacific are emerging as potential hotspots for key loudspeaker manufacturers, attributed to an increase in living standards, which is heightening expenditure on luxury goods.

  • Players such as Bose Corporation are already in the limelight, offering the Home Speaker 500, packed with two custom drivers placed in opposite directions to provide a wide output range. It also offers the Soundbar 700, comprising the company’s proprietary ADAPTiQ technology, allowing them to adapt to surroundings and HDMI Audio Return Channel (ARC) for compatibility with future technology.
  • In September 2020, JBL launched the new JBL Xtreme 3 speakers comprising a cylindrical design, with over 15 hours of battery life, across India. Moreover, the speaker is IP67 certified for water and dust resistance, supports Bluetooth v5.1 connectivity, and possesses a USB Type-C power adapter for charging.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global loudspeaker market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of product (satellite speakers, subwoofers, wall-mounted, outdoor speakers, soundbara, multimedia speakers, and others) and application (communication, automotive, home entertainment, and others) across five major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at 

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner. 

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Back to top button