The Bluetooth speaker market is expected to grow at a CAGR of 18.1% over the forecast period (2021 - 2026). The need and popularity of the wireless speakers bolstered the demand for Bluetooth speakers, over the past few years. This trend can be attributed to the greater availability of these devices, at affordable prices and the consumer preference for smart portable devices.
Bluetooth technology is the global wireless standard for exchanging data over short distances and enabling the Internet of Things (IoT). The technology makes use of short-wavelength UHF radio waves in the ISM band from 2.4 to 2.485 GHz from fixed and mobile devices and building personal area networks (PANs). Bluetooth speakers are used for playing music or other forms of audio files through a wireless connection. The audio industry is now trying to meet the rising demand for wireless speakers.
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