Bluetooth Speakers Market Business Overview, Challenges by 2024 Bluetooth Speakers Market Business Overview 2024 | Page 3

Bluetooth Speakers Market
Furthermore, soundbars and large speakers such as JBL flip series, fall under mid-range category, priced between
$50-150. These speakers provide large output power which is suitable for small party gathering in office, or at
home. While, the premium category includes speakers that offers excellent sound clarity and idle base output,
which is popular among music lovers and cost more than $150. Sales of premium Bluetooth speakers expected
to grow in the coming years, owing to rising disposable income of consumers and the credibility of premium
speaker brands.
North America held dominant share in the global Bluetooth speakers market, followed by Asia-Pacific and
others. Growing number of smart homes in North American countries, majorly in the U.S. and Canada, are
driving the market in the region. Bluetooth speakers with AI such as Echo by Amazon.Com Inc., Bose Bluetooth
speakers with Alexa (Smart voice assistant), and Google Home are prime examples of how Bluetooth enabled
speakers with wi-fi connectivity is becoming a crucial part of a smart home. These connected devices enable
customers to play music from remote locations and allow multiple device connectivity at the same time.
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