Wireless Audio Market Projected to reach $37.5 billion by 2025 | Key players include Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation and Voxx International Corporation

The report "Wireless Audio Market by Product (Speaker, Soundbar, Headset, Headphone, Microphone), Technology (Bluetooth, Wi-Fi, Airplay, RF), Application (Home Audio, Consumer, Commercial, Automotive), and Region - Global Forecast to 2025", is expected to reach USD 37.5 billion by 2025, at a CAGR of 9.7% between 2017 and 2025. The driving factors for the growth of this market include the growth of smartphone market, consumer preferences for portable devices, advancements in wireless technologies, demand in the market for soundbars, and customized music streaming services.

Browse 65 market data Tables and 56 Figures spread through 167 Pages and in-depth TOC on "Wireless Audio Market by Product (Speaker, Soundbar, Headset, Headphone, Microphone), Technology (Bluetooth, Wi-Fi, Airplay, RF), Application (Home Audio, Consumer, Commercial, Automotive), and Region - Global Forecast to 2025"
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In 2016, speaker system was the biggest product segment in terms of market size:

Wireless speakers have gained popularity among consumersleading to number of models being actively marketed. The growing preference for wireless connectivity has led to the redesigning of speakers to incorporate wireless connectivity. The main benefit offered by the wireless speaker systems is that there are no wires connecting the speakers to the sound system; hence, there is no need for users to worry about tripping over wires that are connected to the speaker system. Moreover, wireless headsets and microphones free up the users’ hands, which enables them to use a computer for making notes, handling documents, or performing other productive work.

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Bluetooth technology is expected to dominate the wireless audio market during the forecast period:

Wide application, compatibility with a number of devices, technical advancements in operating systems, and cost effectiveness make the Bluetooth-enabled systems a promising product in the wireless audio market. Audio streaming done through Bluetooth is the widely adopted trend in the market. The future market for Bluetooth wireless audio devices looks strong, with initiatives underway for a higher throughput, more ubiquitous usage, and links with the Wi-Fi and Ultra-Wideband (UWB) broadcast technologies.

The Americas accounted for the largest market share in wireless audio in 2016

The Americas accounted for the largest market share in wireless audio in terms of value as well as volume in 2016. The products based on advanced wireless technologies (such as Bluetooth, AirPlay, and Wi-Fi) and high disposable incomes of consumers are expected to boost sales of wireless audio devices in this region. The APAC market is expected to grow at the highest CAGR during the forecast period. APAC being the most populated region in the world the market for consumer electronics including smartphones, tablets, and wireless audio device is increasing rapidly, because most of the countries in this region are developing at a higher growth rate.

The key players in this market include, Apple Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan), Voxx International Corporation (U.S.), Harman International Industries, Incorporated (U.S.), Bose Corporation (U.S.), Sonos, Inc. (U.S.), Dei Holdings Inc. (U.S.), Sennheiser Electronic GmbH & Co. KG (Germany) and Vizio, Inc. (U.S.).

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MarketsandMarkets covers the wireless audio market segments on the basis of product: headphones, headsets, speaker system, sound-bar, others; technology: Bluetooth, Wi-Fi, airplay, sonos, others; application: home audio, consumer, commercial, automotive, others; and regions. A detailed analysis of the regional markets has been done to provide insights into the potential future business opportunities in different regions.

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