Impact of smart technology in the acoustic reinforcement industry

CHICAGO, September 20, 2021 / PRNewswire / – The music industry continues to grow due to the growing reach of various streaming services such as Apple Music, Pandora, and Spotify, among others. The music industry is witnessing a trend where consumers are moving from physical media to streaming and digital media. Bluetooth speakers are one of the most widely used audio devices for streaming music around the world. With the introduction of music streaming services, the demand for Bluetooth speakers is expected to experience a significant increase in demand during the forecast period. Arizton has a dedicated product vertical that focuses on the smart technology across geographies. These market research reports cover a detailed analysis of supply chain disruptions induced by COVID-19, technological innovations, equipment financing, economic impact and a detailed study of the competitive landscape. Arizton’s approach includes key market strengths such as trend and driver analysis, market share analysis, growth opportunities, and the impact of government initiatives in smart technology.

1. Wireless Speaker Market – Global Outlook and Forecast 2021-2026

The Global wireless speaker market should reach $ 63.38 billion by 2026. The future of the global wireless speaker market is promising as end-users become aware of product concepts and suppliers introduce new models according to lifestyle and consumer choice. For example, Bose Corporation offers Bluetooth devices under the SoundLink brand. The company’s innovative outlook will help it maintain its leadership position in the Bluetooth speaker market. HARMAN International (JBL) offers a wide variety of wireless Bluetooth speakers for portability and wireless home audio.

Highlights:

  • The Global Multi-Room Wi-Fi Speakers Market Has Been Valued At $ 17.37 billion in 2020 and should reach $ 43.84 billion by 2026, with a CAGR of 16.69%.
  • Voice assistants are growing exponentially in other industries such as healthcare and banking, opening up new opportunities for players in the global wireless speaker market.
  • Several international wireless speaker market players are expected to expand their presence around the world during the forecast period, especially in the rapidly developing APAC countries and Latin America to gain more market share.
  • AI voice interaction is the next big thing in the global wireless speaker market.

Get more information on recent trends now! https://www.arizton.com/market-reports/wireless-speaker-market-analysis-2023

2. Healthy Reinforcement Market – Global Outlook and Forecast 2021-2026

The Global sound market size to reach 10 billion dollars in 2026, with a CAGR of 3.5% over the forecast period. The demand for sound equipment was mainly concentrated in developed countries such as the United States, Japan, Great Britain, Germany, and France. Suppliers in the sound reinforcement market are using new business models and focusing on developing their portfolio to drive growth. The rate of adoption of professional audiovisual solutions, including sound systems, among end users around the world has been impressive. In 2020, North America was the largest market for sound reinforcement products. In North America The demand for public address systems among commercial end users will further drive the growth of the market for public address equipment and solutions.

Highlights:

  • The global sound reinforcement market is growing and expanding with the presence of vendors such as Shure, Sennheiser, Audio-Technica, Bose, Harman, Sony and Yamaha offering products for a wide range of vertical markets.
  • Audio-Technica is one of the world leaders in sound systems and has been active in the market for 55 years. The company operates subsidiaries in Europe and Asia monitor its activities in the respective regions.
  • Many vendors are already exploring this area as IoT makes its way into the audiovisual industry, which is accelerating the growth of the global sound reinforcement market.
  • The advent of microphones has added new dimensions to music production capabilities. The sophistication offered by modern microphones helps both novice and seasoned performers perform at their best.

Get more information on recent trends now! https://www.arizton.com/market-reports/sound-reinforcement-market-size-growth-2024

3. Bluetooth Speaker Market – Global Outlook and Forecast 2020-2025

The Global Bluetooth speaker The market will grow at 11.37% CAGR during the period 2021-2026. With the increase of music streaming services in the market, bluetooth speakers are in high demand. In Europe, the presence of major manufacturers of Bluetooth speakers such as Bose, Apple, Samsung and Sony have a strong presence in the market. The latest bluetooth technology platform solutions can easily and flexibly integrate into all levels and types of products to be used outdoors or indoors, providing excellent audio quality over connection Bluetooth wireless. With the increase in technological innovations, the battery life of these products is also advancing, with a rapid increase in the runtime of these innovations.

Highlights:

  • APAC is expected to experience strong growth in demand for Bluetooth speakers during the forecast period owing to the rapid expansion of music streaming services and increased proliferation of internet in various countries of the region.
  • The adoption rate of Bluetooth speakers among end users in the United States, China, South Korea, and the UK is awesome. Due to the high demand, the market is witnessing the entry of many suppliers already present in the market for traditional speakers.
  • Bluetooth speakers are experiencing higher demand in the residential sector as they offer excellent features and have no installation hassles unlike their counterparts.
  • Key players in the regions of North America should focus on integrating all the latest upgrades into their product portfolios, thereby increasing their customer base towards the bluetooth speaker market.

Get more information on recent trends now! https://www.arizton.com/market-reports/bluetooth-speaker-market-analysis-report-2025

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Arizton Advisory and Intelligence is an innovation and quality-driven company providing cutting-edge research solutions to clients around the world. We excel in providing comprehensive market information reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods and retail technology, automotive and mobility, smart technologies, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain a detailed analysis of the industry, market size, share, growth drivers and trend forecast.

Arizton comprises a team of exuberant and experienced analysts who have mastered incisive report generation. Our specialist analysts have exemplary market research skills. We train our team in advanced research practices, techniques and ethics to surpass the making of stunning research reports.

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