Global Waterproof Speakers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Waterproof Speakers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global waterproof speakers market report has been segmented as per product type, technology, application, sales channel, and region.
Global Waterproof Speakers Market: Overview
Waterproof speakers can be operated through tablets, smartphones, or some other internet-enabled devices using Bluetooth and Wi-Fi technologies. Waterproof speakers are the portable or fixed type of devices and are mainly used for outdoor and indoor entertainment purpose across the globe.
Global Waterproof Speakers Market: Dynamics
Growing demand for waterproof speakers across the globe due to the rising influence of several advertisements, movies, entertainment channels, and other modes among individuals is a key factor driving growth of the global market. In addition, an increasing number of smart homes across the globe and rising technological advancement in various audio devices are major factors expected to support growth of the target market over the forecast period.
The increasing popularity of waterproof speakers among individuals due to rising awareness about various features associated with waterproof speakers such as durable, portable, style, long-range connectivity, smartphone app-enabled, great audio quality, and others. This is another factor projected to boost growth of the global market during the forecast period. In addition, rising penetration of waterproof speakers on various e-commerce portals and growing demand for wireless waterproof speakers among individuals for commercial use or home, travel, and other use. These are other factors projected to fuel growth of the global waterproof speakers market over the forecast period.
Furthermore, increasing several promotional activities and various digital marketing campaigns launching by major waterproof speaker manufacturers is projected to propel growth of the global market in the next 10 years.
However, high cost associated with waterproof speakers is key factor projected to hamper growth of the target market. In addition, less penetration of waterproof speakers in rural and underdeveloped countries is a challenging factor that may affect growth of the target market.
Global Waterproof Speakers Market: Segment Analysis
The rapid adoption of portable waterproof speakers with various connectivity options such as Wi-Fi and Bluetooth across the globe is the primary factor driving revenue growth of the portable segment among the product type segment.
Among the technology, the Bluetooth segment is projected to register significant growth in the global waterproof speakers market, owing to increasing adoption of Bluetooth waterproof speakers across the globe which can be operated through tablets, smartphones, or other internet-enabled devices.
Global Waterproof Speakers Market: Region Analysis
The North America waterproof speakers market is expected to witness highest growth rate in the global market, owing to rising number of smart home solutions and increasing penetration of advanced technology audio devices in countries such as Canada and US in this region. The market in the Asia Pacific is expected to register significant growth in the global market, owing to the rapid adoption of portable and ultra-portable waterproof speakers among individuals while traveling, and other outdoor activities in countries such as India and China in this region. The market in Europe, Latin America, and Middle East & Africa are projected to witness moderate growth in terms of revenue, owing to the increasing popularity of various waterproof speakers with the advanced technology and rising penetration of Bluetooth waterproof speakers in many countries in these regions.
Global Waterproof Speakers Market Segmentation:
Segmentation by Product Type:
Segmentation by Technology:
Segmentation by Application:
- Household Use
- Commercial Use
Segmentation by Sales Channel:
- Specialty Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Bose Corporation
- Harman International Industries, Incorporated
- Apple Inc.
- Yamaha Corporation
- Sony Corporation
- LG Electronics Inc.
- Samsung Electronics Co., Ltd.
- Panasonic Corporation
- Sound United LLC
- Koninklijke Philips N.V.
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