Electronics market in Azerbaijan
The Azerbaijani Electronics eCommerce market is predicted to reach US$17.3 million by 2024 and accounts for 22.2% of the total eCommerce market in Azerbaijan. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 4.6%, resulting in a projected market volume of US$20.7 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Bluetooth Loudspeakers market in Azerbaijan
The Azerbaijani Bluetooth Loudspeakers eCommerce market is predicted to reach US$0.2 million by 2024 and accounts for 53.2% of the Loudspeakers eCommerce market in Azerbaijan. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 1.8%, resulting in a projected market volume of US$0.2 million by 2028. The Bluetooth Loudspeakers eCommerce market is a sub-market of the Loudspeakers market. Further categories within the Loudspeakers market are: Hifi Loudspeakers, and Other Loudspeakers.
eCommerce revenue development in the Bluetooth Loudspeakers market in Azerbaijan
eCommerce revenue growth in the Bluetooth Loudspeakers market in Azerbaijan
Net eCommerce revenue split by sub-category
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 85.3 | 43.9 | 27.1 | 87.2 | 41.0 | 49.0 | 20.4 | 82.9 |
Market definition
Definition of the Bluetooth Loudspeakers market within the Electronics market
Market definition: Electronics > Consumer Electronics > Audio > Loudspeakers > Bluetooth Loudspeakers The category Bluetooth Loudspeakers includes the online trade of portable bluetooth speakers, bluetooth stereo speakers, multiroom bluetooth speakers, and more. This category does not cover hifi loudspeakers, record players or cd players. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Portable bluetooth speakers
- Bluetooth stereo speakers
- Multiroom bluetooth speakers
- Bluetooth soundbars
- Smart bluetooth speakers
Out-of-scope
- Hifi Loudspeakers
- Record players
- CD players
Market comparison
The Azerbaijani Bluetooth Loudspeakers market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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- Hifi Equipment *
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