Black Friday is still a few weeks away, but if you’re getting ready to wade into the post-Thanksgiving shopping fray, then it’s best to go in prepared.
Whether you’re perfecting the credit card quick draw for online shopping or honing your footwork for the dodge and dash at the mall, research is key to snapping up the best deals.
TechNavio is taking this chance to weigh in, and give our two cents on one of this season’s top techs— Bluetooth speakers.
Not only can these speakers connect to your devices (smartphone, computer and tablets) wirelessly via Bluetooth, many manufacturers are starting to release speakers with added features to increase their convenience and usefulness.
The popularity of Bluetooth speakers—which can often rival more expensive sound systems in terms of quality—will help the Global Bluetooth Speaker Market boom in 2015, with a growth rate of 50.06 percent. This growth is expected to level off slightly by 2019, with the overall market posting a cumulative average growth rate of 38.73 for the projected period.
Increased R&D Innovations
Vendors as funneling money into R&D to produce better sounding speakers with even more features, including improved battery life and better efficiency. New products with innovative new shapes (think Logitech UE BOOM), a range of colors and multipurpose functions are being released all the time. This influx of interesting new products is expected to help the market develop over the next few years.
Decreasing Price of Bluetooth Speakers
But regardless of how many functions a speaker performs, or how many colors it comes it, the bottom line is that consumers are looking for a better bang for their buck, especially around the holidays. Luckily the Global Bluetooth Speaker market is witnessing decreasing prices across the board.
“It’s a lucrative market, which is attracting many vendors. The high growth rate and good potential have caused a price war among existing vendors, which has resulted in the decreased prices of Bluetooth speakers,” says Faisal Ghaus, Vice President of TechNavio.
Vendors are consistently offering discounts on speakers at online stores, and new vendors are popping up and offering even cheaper products, which is forcing global players to drop prices even further. This pattern is expected to continue during the forecast period.
However, when it comes to speakers, quality is quintessential. TechNavio has pared down products from some of the top vendors in the Global Bluetooth Speaker Market, who are offering top-notch products at consumer friendly prices.
Top Bluetooth Speaker Vendors and Key Products:
- The Company: Bose Corp.
- The Product: Bose Mini Soundlink
- The Damage: US$199.95 on the Bose site. Cheaper elsewhere on the interwebs.
- Product description: The SoundLink® Mini Bluetooth speaker delivers full, natural sound from an ultra-compact speaker that fits in the palm of your hand. It connects wirelessly to your smartphone, tablet or other Bluetooth device, so you can listen to your music, videos or games anytime, anywhere.
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The Company: Harman International Industries Inc.
- The Product: JBL Charge 2
- The Damage: US$149.95 on JBL site
- Product Description: Featuring a 6000mAh Li-ion battery that can play up to 12 hours of music, the Charge 2 is built to outlast all-night parties – as well as charge other portable devices by way of its USB port. And with its versatile Bluetooth wireless functionality, you can carry the Charge 2 with you anywhere and still listen to music.
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The Company: Philips
- The Product: Philips Shoqbox SB7200
- The Damage: US$149.99 on Phillips site
- Product Description: Tough it out loud and proud on the splash- and drop-proof Philips Shoqbox SB7200 series. Take your music outdoors on this rugged road warrior that lets you enjoy music wirelessly – and fearlessly – in big, deep yet clear sound.
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The Company: Sony Corp.
- The Product: Sony SRS-BTX500
- The Damage: US$299.99 on the Sony site
- Product description: Your smartphone music library goes with you wherever you go. Now hear it in clear, bold, wireless sound from the ultra-portable SRS-BTX500. This 40-watt magnetic fluid speaker system connects to your compatible device through Bluetooth® or One-touch NFC technology and also doubles as a convenient speakerphone so you’ll never miss a critical call while you’re rocking out.
