Press release
WiFi Wireless Speakers Market to Witness Robust Expansion by 2023
Wireless speakers are loudspeakers which receive audio signals using radio frequency (RF) waves rather than over audio cables. The two most popular RF frequencies that support audio transmission to wireless loudspeakers include a variation of WiFi IEEE 802.11 while others depends on Bluetooth to transmit audio data to the receiving speaker.
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Global WiFi Wireless Speakers Market: Forecast by Type / Application / Region
The growth of the market for WiFi Wireless Speakers can be attributed to the continuous technological innovations in home audio devices and growing consumer demand for high-performance home theater experience owing to increased disposable income. In addition, developments in Wi-Fi speakers, and dedicated speaker docks are expected to increase consumer spending on audio equipment to enhance audio quality. Suppliers and manufacturers of such equipment are increasingly focusing on expanding in the market by making these systems user friendly and visually less intrusive. Also, there is an increasing demand for portable audio equipment, which has the ability to stream high-quality audio content from the Internet. Therefore, the advancements in digital technology, with changing media options from conventional to modern system, are contributing to the growth of the market for WiFi Wireless Speakers.
The WiFi Wireless Speakers market in the North America is likely to be driven by the increase in sale and installation of home entertainment devices. The growing population of music listeners, increasing digital music sales, and popularity of the audio & video entertainment segment are expected to influence the regional market positively over the next decade. The US is at the forefront of installing and buying the upcoming technologies such as home entertainment systems.
Furthermore, a multitude of consumers are drawn to portable devices such as laptops, smartphones, tablets equipped with Wi-Fi connectivity since these devices enable users to stream content wirelessly.
Over the next five years, LPI(LP Information) projects that WiFi Wireless Speakers will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global WiFi Wireless Speakers Market: Key Players
Sonos
Bose
Amazon
Samsung
Sony
Denon
Edifier
JBL
YAMAHA
Terratec
Pioneer
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Related Information:
United States WiFi Wireless Speakers Market Research Report 2018
Europe WiFi Wireless Speakers Market Research Report 2018
North America WiFi Wireless Speakers Market Research Report 2018
Asia-Pacific WiFi Wireless Speakers Market Research Report 2018
China WiFi Wireless Speakers Market Research Report 2018
EMEA WiFi Wireless Speakers Market Research Report 2018
Global WiFi Wireless Speakers Market Research Report 2018
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