The analysts forecast the global loudspeakers market to grow at a CAGR of 7.53% during the period 2017-2021.
Global Loudspeakers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is rising number of live concerts and outdoor events. The growth in the number of live music concerts and outdoor events is driving the demand for high-quality loudspeakers. There is an increase in the number of talent hunt shows and musical educational institutions that are supporting the growth of new artists globally. In addition, the popularity of nightlife in terms of pubs and discos have made individuals passionate about live performances by musicians, bands, and DJs.
According to the report, one driver in market is wireless streaming of audio contents. One of the major factors driving the sales of wireless outdoor loudspeakers globally is the ability to easily stream audio contents wirelessly. Wireless speakers consume lesser space than home theaters and do not require wiring. Outdoor loudspeakers come in various sizes and design to suit customers' requirements. Most of the portable devices such as laptops, smartphones, and tablets are equipped with Wi-Fi and Bluetooth connectivity, which help them stream contents wirelessly. Therefore, the ability of outdoor loudspeakers to stream audio contents wirelessly and easily is one of the major drivers of the market.
Further, the report states that one challenges in market is technological challenges. To pair with the Bluetooth-enabled outdoor loudspeakers, users must keep the Bluetooth of their mobile devices in switch on mode. Keeping the Bluetooth in switch on mode for long hours drain the battery of devices. Even though there are vendors, such as Bose and Yamaha, who offer small-sized Bluetooth speakers without compromising the sound quality but are priced in a range of $200-$230. This is expensive for a large number of individuals. Manufacturers are trying to increase the power of the Bluetooth-enabled outdoor loudspeaker to meet the expectations of users.
- DEI Holdings
- HARMAN International
- VOXX international
Other prominent vendors
- Atlantic Technology
- Bowers & Wilkins
- Cambridge SoundWorks
- Koninklijke Philips
- Sennheiser Electronic
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by location
Part 07: Market segmentation by type
Part 08: Geographical segmentation
Part 09: Key leading country
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/tt2czz/global