A portable speaker is an audio system that converts electromagnetic waves into sound waves and can be taken anywhere as it is light weight and easy to carry because of the small size compared to the traditional speakers. These speakers come in two variations—wired and wireless. Development in smart homes and AI and Wi-Fi enabled devices are projected to remain in trend. These devices are in demand as they are providing high satisfaction and convenience to the customers. Portable speakers are mainly used by youth and children for dancing, listening music, streaming media, and services on personal internet devices.
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. There are shutdowns of production units and markets globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The increase in demand for infotainment devices, requirement for mobility in devices, increase in global population, technology enhancement, and shift in change of consumer's preference surge the demand for portable speakers. People are more attracted toward new technology which boosts the usage of these technologies worldwide.
The global portable speaker market trends are as follows:
Portable devices and new technologies in the market are gaining popularity among the consumers. Consumers are highly satisfied with the speaker’s experience. There has been increase in demand for these speakers from the residential sector.
Key Benefits of the Report:
This study presents the analytical depiction of the global portable speaker industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global portable speaker market share.
The current market is quantitatively analyzed to highlight the global portable speaker market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global portable speaker market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Portable Speaker Market Research Report:
What are the leading market players active in the portable speaker market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
Portable Speaker Market Report Highlights
By Industry Vertical
Key Market Players
Jawbone, LG Electronics, Creative Technology, JVC KENWOOD, Beat Electronics, Altec Lansing, Denon, Braven, JBL, Logitech International., Samsung Electronics, Avnera, Bose, Sony