Pune, India -- (SBWIRE) -- 10/23/2018 -- According to Market Research Future Analysis, waterproof bluetooth speakers market has been valued at approx. USD 1.6 Billion by the end of forecast period with 23% of CAGR during forecast period 2018 to 2023. Increasing demand for mobility and growing demand for infotainment services are major driving factors in the growth of waterproof bluetooth speakers market.

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Market Synopsis:

Waterproof Bluetooth speakers Market growing at rapid pace over the forecast period of 2018 to 2023.Waterproof Bluetooth speakers Market Research Report 2018 - Global Industry analysis by Key Companies, Type, Application, Market Share, Growth Rate, and Key Country forecast to 2023. Waterproof Bluetooth speakers Industry depth analysis is done for North America, Europe, APAC and Rest of the World. The ever-advancing lifestyle is always on a lookout for luxury and comfort which the leading-edge technologies are happy to oblige. The results are mostly astounding. One such outcome is waterproof Bluetooth speakers which by complying with the current trend of infotainment on the go has taken the market by storm and is eyeing for a market valuation of USD 1.6 billion by 2023.

The global waterproof Bluetooth speaker market is set to experience a skyrocketing CAGR of 23% during the forecast period (2017-2023), claims Market Research future in a well-elaborated study. The ever advancing lifestyle is always on a lookout for luxury and comfort which the leading-edge technologies are happy to oblige. The results are mostly astounding. One such outcome is waterproof Bluetooth speakers which by complying with the current trend of infotainment on the go has taken the market by storm and is eyeing for a market valuation of USD 1.6 billion by 2023.

Waterproof functionality offers an edge over the regular Bluetooth speakers as they can be easily used near water or for pool parties. Waterproof Bluetooth speakers market is estimated to exhibit high growth potential during the forecast period owing to increasing popularity of wireless devices and growing demand for mobility of devices. Need for portability and automation trend are the major factors driving the growth of waterproof Bluetooth speakers market.

Key Players:

Braven (U.S.),
Skullcandy, Inc. (U.S.),
JBL (U.S.),
Ultimate Ears (U.S.),
Altec Lansing (U.S.),
AmazonBasics (U.S.),
Logitech International SA (Switzerland),
Sharkk (New Jersey)
Scosche (U.S.),
Fugoo Sport (U.S.)
Drivers and Restraints:

Sophistication in technology has transformed the way we listen to and appreciate music. Resulting products are quite astonishing and has revolutionized the music industry. An exemplary product, waterproof Bluetooth speakers, has been setting trends for quite some time now with features such as mobility and consumption of less power than the traditional speakers to satiate the consumer needs.

Smart homes, abiding by the preferences of the consumers, have now become a global trend. Such homes allow devices to establish a connection and communicate with each other following a wireless method. Via remote, these devices can be operated, and its features offer more flexibility. This fuels the demand for Bluetooth speaker. Waterproofing of the device is an add-on allowing spatial suppleness.

However, pirated products can create a bottleneck situation for the market as the faux-manufacturers offer such devices at a fraction of the original price. Growing trend of adopting other modes of listening to music may deepen the crisis, but this cannot hinder the market for long.

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Market Segmentation:

Waterproof bluetooth speakers market is segmented on the basis of charging technology and applications. The application segment is further bifurcated into retail, educational, institutional, offices, homes and leisure. The home and leisure application segment is expected to grow at the highest rate considering the growing demand for portable speakers.

The major factor restraining the growth of waterproof bluetooth speakers market is the short range playback capacity. As the device goes out of range, the music stops and the range for bluetooth is small in comparison to Wi-Fi and airplay. This could be a major factor that could cause hindrance in the growth of waterproof bluetooth speakers market.

Commenting on the report, an analyst from Market Research Future (MRFR)'s team said:

Waterproof bluetooth speakers market can be segmented on the basis of charging technology and application. The charging technology comprises of AC only, DC only, AC/DC and wireless charging. Bluetooth offers to stream their audio to the speakers without separate adapters or transmitters. Wireless charging makes use of on dock charging and offers complete wireless experience.

TABLE OF CONTENTS

1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure

List Of Tables

Table 1 Waterproof Bluetooth Speakers Market, By Charging Technology

Table 2 Waterproof Bluetooth Speakers Market, By Application

Table 3 Waterproof Bluetooth Speakers Market, By Regions

Continued…

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List Of Figures

Figure 1 Research Type

Figure 2 Waterproof Bluetooth Speakers Market, By Charging Technology (%)

Figure 3 Waterproof Bluetooth Speakers Market, By Application (%)

Continued…

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