The ultra-portable speakers are wireless speakers which can easily be transported by users. These speakers are designed to run on battery, which typically lasts for hours. Portable speakers are often wireless and work on wi-fi and bluetooth connections. Besides, these speakers offer excellent audio quality along with water-proof and durable design structure. These speakers are light in weight, compatible with electronic gadgets and require less space. Modern portable speakers require only little maintenance and deliver high volume output without distortion with quality bass response.
MARKET SCOPE
The "Global Ultra-Portable Speaker Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the ultra-portable speaker market with detailed market segmentation by technology, distribution channel, and geography. The report provides key statistics on the market status of the leading ultra-portable speaker market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology, the global ultra-portable speaker market is segmented into bluetooth, Wi-Fi, and others.
- On the basis of distribution channel, the market is segmented into organized retail unorganized retail, and e-commerce platform.
MARKET DYNAMICS
Drivers:
- The ultra-portable speaker market is anticipated to grow in the forecast period owing to driving factors such as high demands for robust and portable devices that require less space and can be easily carried to gyms, camps, and other places.
- The ultra-portable speaker market is further boosted by wireless attribute, high-resolution audio, lightweight, and durable features.
- Technological advancements offer lucrative opportunities for the major players involved in the ultra-portable speaker market during the forecast period.
Restraints:
- Low bandwidth and limited connectivity range are some of the restraining factors.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ultra-portable speaker market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ultra-portable speaker market in these regions.
IMPACT OF COVID-19 ON ULTRA-PORTABLE SPEAKER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the ultra-portable speaker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ultra-portable speaker market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ultra-portable speaker market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anker Innovations Limited
- Apple Inc.
- Bose Corporation
- Koninklijke Philips N.V.
- Panasonic Corporation
- Samsung
- Sennheiser electronic GmbH and Co. KG
- Ultimate Ears
- Voxx International
- Xmi Pte. Ltd.