Press release
Wireless Audio Devices Market: Increasing Demand for Hands-free Calling Devices for Automobiles to Trigger Sales
“The latest innovation in the field of sound bar audio device includes curved products to compliment the new generation of curved TVs,” says TMR’s lead analyst. Considering the robust growth of the electronics industry in emerging economies such as India and China, manufacturers are expected to shift their focus towards these economies to tap the potential market. The leading players in the market are Bose Corporation, JBL, Vizio Inc., Samsung Electronics Co. Ltd., and Sony Corporation.
Download PDF Brochure for Technological Insights at
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7358
Global wireless audio devices marketU.S. to Remain Leading Volume Contributor through 2024
The wireless audio devices market stood at 54.5 mn in 2015 and is expected to reach 150.6 mn by 2024, rising at a CAGR of 14.0% from 2016 to 2024. By product type, BT speakers is anticipated to represent the lion’s share during the forecast period. The sound bars segment is likely to rise at a CAGR of 16.0% during the same period. The growth is supported by its flexible audio streaming capability and low selling prices. Moreover, the rising disposable income and the increasing affordability of big screen TVs are propelling this segment.
The U.S. will continue to be the leading regional segment until 2024. The rise of downloads and streamed music in the region is prompting home audio suppliers to remake their products. The rapid technological advancements and the presence of a large number of players are contributing to the growth of the region. The RoW segment is estimated to expand at a CAGR of 15.3% in terms of volume during the forecast period, owing to the flourishing growth of the electronics industry in emerging economies of Asia Pacific.
Increasing Implementation of Wireless Connectivity Technology in Home Audio Devices to Propel Growth Prospects
The adoption of wireless technologies such as Bluetooth, Wi-Fi, and AirPlay has increased rapidly over the past few years owing to the convenience provided by them, especially in terms of portability. Moreover, due to the increasing demand for multi-room audio systems, the implementation of Wi-Fi technology in home audio devices is likely to increase. These factors, collectively, are driving the global wireless audio devices market.
Furthermore, the increasing popularity of connected content and hands-free calling devices from the automotive industry is likely to bode well for the growth of the market. Bluetooth technology plays a crucial role in enhancing the infotainment systems for automobiles and allowing drivers to attend calls/messages while driving. With its ability to offer higher transfer speed ensuring longer connectivity and less power consumption, Bluetooth technology is expected to remain the standard wireless connection between the infotainment systems for the foreseeable future.
Operational Issues Pertaining to Speed and Data to Dent Demand for Wireless Audio Devices
Due to the property of Bluetooth technology to compress files before transmission, it is called lossy transmission technology. Moreover, the speed of data transmission through Wi-Fi technology is affected by surrounding electromagnetic radiation. Despite the global standardization of wireless connectivity technology, many devices from different manufacturers are not fully compatible, which in turn affects the speed of communication. Therefore, the operational challenges related to speed and data are adversely affecting the growth of the global wireless audio devices market. However, the robust growth of the hospitality and leisure industry provides ample growth opportunities to the global market.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/wireless-audio-devices-industry.htm
The information presented in this review is based on a Transparency Market Research report, titled,“Wireless Audio Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.”
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wireless Audio Devices Market: Increasing Demand for Hands-free Calling Devices for Automobiles to Trigger Sales here
News-ID: 393586 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Wireless
Wireless Platforms Market Is Expected To Grow At A Rapid Pace Throughout By Prod …
Acumen Research and Consulting has announced the addition of the "Wireless Platforms Market” report to their offering.
The Wireless Platforms Market Report 2018 is an in depth study analyzing the current state of the Wireless Platforms Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wireless Platforms Market provides analysis of China market covering the industry trends, recent…
Hoomband Wireless-Does Hoomband Wireless Work-Complete Info
Each individual is precise. This is why for the Hoom undertaking we've got studied the panorama of existing sound techniques with a purpose to create the most whole content library possible. Get the Hoomband Wireless these days.
All our content material is distinct and studied mainly for inducing the deepest and quickest sleep feasible. You can be without difficulty over excited through hypnotic documentaries, at the same time as your partner…
4G LTE Wireless Broadband Market is Booming Worldwide| Sierra Wireless, Telit Co …
HTF MI recently introduced Southeast Asia 4G LTE Wireless Broadband study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status. The market Study is segmented by key regions, which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study.
Request Sample of Southeast Asia 4G LTE Wireless Broadband Market Report (2014-2024) -…
Distributed Antenna System Market Study On Growth Factors For 2019-2025: BTI Wir …
The Distributed Antenna System market report is a comprehensive analysis on the study of Distributed Antenna System Industry. This report helps focus on the more important aspects of the market like what the market recent trends are. The base year for calculation in the report is taken as 2017 & 2018 the historic year is 2012 t0 2016 which will tell you how the market is going…
Solid State Battery Market Segment Forecast by Top Competitors like BTI Wireless …
Global Solid State Battery Market, By Type (Thin-Film Batteries, Portable Batteries, Other Batteries), Capacity (Less Than 20 mAh, Between 20 mAh -500 mAh, 500 mAh, Above), Application (Consumer Electronics, Electric Vehicle, Energy Harvesting, Entertainment, Medical Devices, Packaging, Portable Devices, Smart Cards, Wearable Devices, Wireless Communication, Others), Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
Download Free Sample PDF Report at https://databridgemarketresearch.com/request-a-sample/?dbmr=global-solid-state-battery-market…
Global Wireless Broadband System Market To 2022: By Type - Fixed Wireless Broadb …
Researchmoz added Most up-to-date research on "Global Wireless Broadband System Market To 2022: By Type - Fixed Wireless Broadband, Mobile Wireless Broadband & Satellite Wireless Broadband" to its huge collection of research reports.
This report studies the global Wireless Broadband System market, analyzes and researches the Wireless Broadband System development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in…
