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Global Speakers Market to Grow at a CAGR of 19.73% During the Period 2016-2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Speaker Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 01/26/2017 -- Report forecast the global speakers market to grow at a CAGR of 19.73% during the period 2016-2020.

A speaker is an audio system that converts electromagnetic waves into sound waves. Speakers can be categorized based on the technology they use. Based on technology, we have categorized speakers as wired and wireless speakers. Wireless is the latest technology used in speakers. Bluetooth and soundbar audio systems are equipped with wireless technology. Home theater systems are one of the most popular audio devices that use wired technology.

The report covers the present scenario and the growth prospects of the global speakers market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of speakers.

The market is divided into the following segments based on geography:
- Americas

According to the report, one driver in the market is rise in number of smart homes. Many homes in developed nations such as the US and the UK are being remodeled to smart homes. A smart home consists of media and entertainment gadgets, consumer electronic devices, and other smart electronics that interact with each other through a home network. The demand for smart homes is driven by factors such as the go green policy, energy saving requirements, need for convenience, and connectivity between various devices. The demand for smart homes is also driven by government initiatives that promote smart homes for better living. Some of the solutions include the assistance of power line communication and the adoption of smart meters to conserve energy.

Further, the report states that one challenge in the market is availability of counterfeit products. Leading manufacturers are facing a major threat because of the availability of counterfeit products with unauthorized dealers and at local stores. APAC is considered as the hub for counterfeit products because a large number of counterfeit product manufacturers are based in the region. Many people are buying such products because they are cheap, attractive, and copies of big brands. The popularity and easy availability of counterfeit Bluetooth speakers are likely to intensify the competition in the market.

Global Speakers Market 2016-2020, 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.

key players in the global speakers market: Beats Electronics, Bose, LG Electronics, Samsung Electronics, and Sony.

Other Prominent Vendors in the market are: Atlantic Technology, Bowers & Wilkins, Braven, Creative Technology, Denon, Harman International Industries, Jawbone, JVCKENWOOD, Koninklijke Philips, Logitech, Panasonic, Pioneer, Plantronics, Qualcomm Technologies, Sennheiser Electronic, Shure, Sonos, and Yamaha.

Market driver
- Growing innovation and advances in technology.
- For a full, detailed list, view our report

Market challenge
- Streaming limit set to network range.
- For a full, detailed list, view our report

Market trend
- Growing popularity of multi-room streaming.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 64 pages and 35 Exhibits "Global Speaker Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by technology, Market segmentation by type, Buying criteria, Geographical segmentation, Key leading country, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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