Wireless Speakers Market to Reach USD 65.65 Billion by 2026; Advent and Rising Popularity of Multi-room Audio Streaming will Augment Growth

The global wireless speaker market size is expected to reach USD 65.65 billion by 2026, attributed to the massive investments in wireless multi-room audio streaming speakers made by key players such as Apple, Inc., Google LLC, and Amazon.com, Inc. Wireless speakers are gaining popularity owing to their voice-enabled technology, wireless connectivity, and the development of smart homes. More information on the market is provided by a recently published report by Fortune Business Insights™ titled, “Wireless Speakers Market Size, Share and Industry Analysis, By Technology (Bluetooth, Wi-Fi, Voice-enabled Speakers, and Others), By Application (In-door, and Out-door), and Regional Forecast, 2019-2026.” According to this report, the market value was USD 8.93 billion in 2018 and will exhibit an exponential CAGR of 28.6% in the forecast period of 2019 to 2026.

Samsung Plans to With-hold launch of Galaxy Home and Launched Galaxy Home Mini to Offer Better Sound Experience to its Customers

Samsung Electronics Co. Ltd. declared to launch the Galaxy Home before the launch of the original Galaxy Home at the Samsung Developer Conference held in California in October 2019. Ever since its launch, the Galaxy Home mini has given fierce competition to other players, namely Amazon and Google. The features of the mini version are very much similar to that of the larger counterpart with excellent sound quality and fabric covering on the outside with smooth control buttons for playback and volume on the top of the product. The speakers will be shipped with the digital assistant Bixby, which, when connected to other Samsung devices, will provide a great home system experience to its users. Such innovations by various companies will not only fuel the demand for wireless speakers but also help to intensify the overall market competition.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/wireless-speakers-market-102657

Rising Popularity of In-home Systems to Bolster Growth

Increasing adoption and popularity of in-home systems that promise theatre experience is a primary wireless speaker market growth driver. In addition to this, the frequent launch of speakers by key companies with the latest innovation and trending features such as voice assistant, Wi-Fi technology, and 5G cellular connectivity at efficient prices will also bode well for the market in the coming years. This, coupled with the advent of technologies such as the Internet of Things, Artificial Intelligence, and others are expected to help the market gain traction in the forecast period.

Nevertheless, the latest innovations and following up of trends such as wireless connectivity and integrated AI will create lucrative growth opportunities for the market in the long run.

Presence of Several Players and Frequent Product Launches will Strengthen Market Competition

Currently, the global wireless speakers market is consolidated in nature with the presence of many players. Players are making efforts to launch customized product designs to gain a competitive edge in the market on the one hand and attract high wireless speakers market revenue on the other. Besides this, companies are aiming for unique product designs for an improved consumer experience to stand out in the crowd and make their mark in the market competition. Other players are adopting merger and acquisition strategies, joint ventures and contracts, and agreement strategies to ensure their position in the market.

Notable Industry Developments of Wireless Speakers Market include:

• September 2019 – Battery-powered smart speaker called Sonos Move with built-in voice assistants was launched by Sonos, Inc. for both indoor and outdoor applications.

List of Significant Vendors of the Wireless Speaker Market include:

• Sony Corporation


• LG Electronics


• Bose Corporation


• Apple, Inc.


• Samsung Electronics, Inc.


• Sonos, Inc.


• Harman International Industries, Inc.


• Amazon.com, Inc.


• Altec Lansing


• DEI Holdings, Inc.


• Other players

Further Report Findings

• North America held the largest wireless speaker market share with a revenue of USD 3.46 billion in 2018. This is owing to the presence of major companies in the region.


• Based on segmentation by technology, the Bluetooth segment held a 23.5% share in the market. However, the Wi-Fi segment will earn high revenue due to its reliable network up to 200 feet.

Global Wireless Speakers Market is classified into: