GCC Wireless Speakers Market

Wireless speakers are loudspeakers that receive audio signals using radio frequency (RF) waves through various connectivity technologies such as Bluetooth and Wi-Fi. Wireless speakers are capable of connecting to a range of device, including mobile, laptop, personal computer, and others via industry-standard technologies that support audio transmission. They are available in the form of soundbars, tubes, and clips and are used for playing music or other forms of audio files in home.

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The factors driving the growth of the GCC wireless speakers market include their ability to provide high-quality listening experience to customers without using any wires and to connect easily to a wide range of other devices such as mobiles, tablets, PCs, televisions, and others. Additionally, durability of battery life, lightweight, along with good aesthetic appeal of wireless speakers are further augmenting their demand among the consumers.  In addition to this, the rising adoption of smartphones and tablets is expected to support the growth of the wireless speakers market as the wireless speakers can be easily connected to smartphones through an application. The wireless speakers can play audio files on mobiles, tablets, and stream podcasts over the internet without the need to wear headphones. Moreover, growing adoption of networking technologies for connectivity that including Bluetooth, Wi-Fi, and ZigBee is estimated to provide innumerable growth opportunities for the growth of the wireless speakers market.

Increased adoption of wireless connectivity technology has led to the rising penetration of wireless speakers in various industry verticals such as teaching, entertainment, hospitality, home entertainment, sports, clubs, and others. Growth in the development of smart homes, coupled with the surging adoption of in-home entertainment system, smart kitchen, home appliances, and smart home security devices are expected to fuel the market growth of wireless speakers. Additionally, several smart city projects including the NEOM city, Orchid Villas Project, Al Faisaliah City, New Jeddah Downtown, Al Noor City, and Kuwait’s Silk City, are expected to augment the market growth in the residential sector in GCC countries.

The manufacturers in the market are inclined towards the development of advance speakers owing to the increasing demand of innovative wireless audio equipment that includes voice assistive speakers and AI-assisted speakers. Furthermore, the deployment of 4G and 5G network and the increasing rate of data usage among customers is promoting the usage of wireless communication between electronic devices, thereby, increasing the adoption of wireless speaker market during the forecast period. On the other hand, the increasing concerns for the data privacy, rising incidences of hacking, limited connectivity range, and recent outbreak of the COVID-19 pandemic are likely to restrict the growth of the GCC wireless speakers market.

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Based on the connectivity type, that market is segmented into Bluetooth speakers and Wi-Fi speakers. The buetooth speaker segment is expected to witness a prominent CAGR during the forecast period owing to its ability to consume low power, portability, no installation, and user friendly features of the Bluetooth speaker. On the other hand, the Wi-Fi speakers segment is projected to grow at a higher CAGR during the forecast period. This is attributed to the longer range property of Wi-Fi than Bluetooth technology. Additionally, multiple speakers can be connected at the same time with the help of Wi-Fi technology, which is further propelling the market growth.

Based on the price range, the GCC wireless speaker market has been segmented into low-end, mid-range, and premium. The premium segment is anticipated to witness higher CAGR during the forecast period. This is due to the beneficial properties of premium wireless speakers that includes comparatively better audio quality and durability. Additionally, growing per capita income and increasing standard of living in the region are further augmenting the growth of the market.

Based on end-user, the market is segmented into residential and commercial. The commercial segment is projected to dominate the market during the forecast period owing to the increasing adoption of advanced wireless speakers in a wide range of commercial spaces including hotels, restraunts, clubs, educational institutes, and others in the region. Growing construction sector, coupled with the increasing establishment of hotels, restaurants, and clubs in the region is expected to provide huge growth opportunities for the segment growth.

Based on the distribution channel, the market is segmented into Online, Electronic Stores, and Others. The electronic stores segment is predicted to lead the market during the forecast period. This is due to its easy accessibility and wide availability of a wide variety of wireless speakers to meet consumer requirements. The online distribution channel segment is anticipated to grow at a higher CAGR during the forecast period owing to the easy availability of products, 24*7 availability, free home delivery, and others exceptional benefits.

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Based on the countries, the GCC Wireless Speakers market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of GCC. The growing public-private partnerships for the development of residential and commercial sector in Saudi Arabia and UAE is expected to drive the growth of the GCC Wireless Speakers market during the forecast period.

Various notable players operating in the market include Bose Corporation, Samsung Electronics Co., Ltd., Sony Corporation, Amazon.com, Inc., Sonos Inc., Koninklijke Philips N.V., Apple Inc., Yamaha Corporation, Sennheiser Electronic GmbH & Co. KG, and Panasonic Corporation, among other companies.

The GCC wireless speakers market has been segmented on the basis of connectivity type, price range, end-user, distribution channel, and countries. Based on connectivity type, the market is segmented into Bluetooth speakers and Wi-Fi speakers. The Bluetooth speakers segment is further divided into traditional Bluetooth speakers, waterproof Bluetooth speakers, rugged Bluetooth speakers and Wi-Fi speakers segment is further divided into Wi-Fi only speakers, hybrid speakers, smart speakers, non-smart speakers, single room speakers, and multi-room speakers. On the basis of price range, the market has been segmented into low-end, mid-range, and premium. On the basis of end-user, the market is segmented into residential and commercial. On the basis of distribution channel, the market is segmented into Online, Electronic Stores and Others. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC

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Key questions answered in this research report:

• • At what pace is GCC Wireless Speakers Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Wireless Speakers Market? What will be the impact of drivers and restraints in the future?
  • Which connectivity type generated maximum revenues in 2019 and identify the most promising connectivity type during the forecast period?
  • What are the various end-users of GCC Wireless Speakers Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Connectivity Type, By Price range, By End-User, By Distribution Channel, By Countries
Regional Coverage	GCC
Companies Profiled	Bose Corporation, Samsung Electronics Co., Ltd., Sony Corporation, Amazon.com, Inc., Sonos Inc., Koninklijke Philips N.V., Apple Inc., Yamaha Corporation, Sennheiser Electronic GmbH & Co. KG, Panasonic Corporation among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

GCC Wireless Speakers Market by Connectivity Type

• • Bluetooth Speakers
  • Wi-Fi Speakers

GCC Wireless Speakers Market by Price Range

• • Low-End
  • Mid-Range
  • Premium

GCC Wireless Speakers Market by End-User

• • Residential
  • Commercial

GCC Wireless Speakers Market by Distribution Channel

• • Online
  • Electronic Stores
  • Others

    GCC Wireless Speakers Market by Countries

• • UAE Wireless Speakers Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Wireless Speakers Market All-Up (Option 2: Free 25% Customization)
  • Oman Wireless Speakers Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Wireless Speakers Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Wireless Speakers Market All-Up (Option 5: Free 25% Customization)

GCC Wireless Speakers Leading Market Players (Option 6: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Bose Corporation
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • com, Inc.
  • Sonos Inc.
  • Koninklijke Philips N.V.
  • Apple Inc.
  • Yamaha Corporation
  • Sennheiser Electronic GmbH & Co. KG
  • Panasonic Corporation