Middle East & Africa Portable Bluetooth Speaker Market Size & Outlook
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MEA portable bluetooth speaker market highlights
- The MEA portable bluetooth speaker market generated a revenue of USD 977.6 million in 2023.
- The market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 977.6 million |
| Market revenue in 2030 | USD 2,190.6 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Commercial, Residential |
| Key market players worldwide | Harman International, Bose Corporation, Sony Group Corp, Apple Inc, Bang & Olufsen A/S, Logitech International SA, Plantronics, VOXX International Corp Class A, Fuyao Glass Industry Group Co Ltd Shs -H- Unitary 144A/Reg S |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.6% of the global portable bluetooth speaker market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,285.4 million by 2030.
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Portable Bluetooth Speaker Market Scope
Portable Bluetooth Speaker Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fuyao Glass Industry Group Co Ltd Shs -H- Unitary 144A/Reg S | View profile | 32721 | Fuyao Industrial Zone II, Fujian Province, Fuqing, China, People's Republic of, 350301 | https://www.fuyaogroup.com |
| VOXX International Corp Class A | View profile | 911 | 2351 J. Lawson Boulevard, Orlando, FL, United States, 32824 | https://www.voxxintl.com |
| Bang & Olufsen A/S | View profile | 1006 | Bang og Olufsen Alle 1, Struer, Denmark, DK-7600 | http://www.bang-olufsen.com |
| Plantronics | View profile | - | Santa Cruz, California, United States, North America | http://www.plantronics.com/ |
| Bose Corporation | View profile | 5001-10000 | Framingham, Massachusetts, United States, North America | https://www.bose.com/en_us/index.html |
| Logitech International SA | View profile | 7300 | EPFL - Quartier de l'Innovation, Daniel Borel Innovation Center, Lausanne, Switzerland, 1015 | https://www.logitech.com |
| Harman International | View profile | 10001+ | Stamford, Connecticut, United States, North America | http://www.harman.com |
| Sony Group Corp | View profile | 113000 | 7-1, Konan 1-Chome, Minato-ku, Tokyo, Japan, 108-0075 | https://www.sony.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
Middle East & Africa portable bluetooth speaker market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to portable bluetooth speaker market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 66.98% in 2023. Horizon Databook has segmented the Middle East & Africa portable bluetooth speaker market based on commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
The market for portable Bluetooth speakers in Middle Eastern countries is driven by increasing urbanization, a growing youth population, and a rising demand for on-the-go entertainment. Additionally, the region's affinity for social gatherings, outdoor activities, and the adoption of modern technology is fueling the demand for portable Bluetooth speakers that offer convenience, connectivity, and enhanced audio experiences.
Catering to the demand for sophisticated offerings, global market players are capitalizing on this trend by introducing technologically innovative products to the region. In March 2022, Huawei unveiled its collaborative creation with Devialet - the HUAWEI Sound Joy portable speaker, tailored for the UAE market.
With dimensions of 202mm (H) x 73mm (W) and a weight of approximately 680 grams, the product boasts an 8800 mAh battery, 3 microphones, and Bluetooth 5.2 for optimal long-range connectivity.
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Target buyers of Middle East & Africa portable bluetooth speaker market databook
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Our clientele includes a mix of portable bluetooth speaker market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa portable bluetooth speaker market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa portable bluetooth speaker market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Portable Bluetooth Speaker Market Outlook Share, 2023 & 2030 (US$M)
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