BLUETOOTH SPEAKER MARKET ANALYSIS

Key Developments

• In July 2023, Inbase Technologies, a top mobile accessories brand, launched the "Boom Box," a compact Bluetooth Speaker with a wireless karaoke microphone. This speaker offers three voice modes for an enhanced karaoke experience, delivering impressive sound quality and a loud wireless karaoke microphone.
• In May 2023, Sony Electronics Inc. introduced two new wireless speakers: the SRS-XV800 and the SRS-XB100. The SRS-XV800 is designed for powerful, clear sound at home gatherings, featuring Bluetooth Fast Pair2 for Android devices. SRS-XB100 is a small wireless speaker offering powerful sound and excellent portability.
• In April 2023, Bose Corporation revealed its plan to sell the Bose Professional Division to Transom Capital Group, a private equity firm. Transom Capital Group will take over the commercial installation and conference activities of Bose Professional. During this transition, special focus will be given to Bose Professional to assist its professional audio customers and keep creating special products for the market.
• In March 2023, Samsung launched the Sound Tower MX-ST45B speaker in Brazil. This portable speaker features a Bluetooth multiconnection feature, allowing two smartphones to connect simultaneously and control the music.
• In November 2022, TPV Technology launched the Philips TAS2505B portable Bluetooth wireless speaker in India. This speaker comes with multi-colored LEDs, is IPX7-rated for water resistance, and offers wireless connectivity up to 20 meters.
• In July 2022, Sony introduced three new versions of the X-Series speakers in the United States: the SRS-XE300, SRS-XG300, and SRS-XE200. These compact Bluetooth speakers are designed for outdoor use and come with features like Ambient Noise Sensing. The XG300 model can play content for up to 25 hours on a single charge.