What's Driving Wireless Audio Device Market Growth? Top Players: Sound United,Xmi Pte. Ltd.,Beats Electronics,Bose Corporation,Yamaha Corporation,Sony Corporation,JVCKENWOOD Corporation,Logitech International S.A,LG Electronics Inc.,Samsung Electronics

Innovation is the keyword in all things technology; it is the fuel that powers the advancements taking place almost on a daily basis in Information Technology and Smart Devices. When Bluetooth was first introduced, the audio devices ecosystem underwent a massive technological overhaul. Today, when Bluetooth technology underpins almost every known device and system, a newer technology is emerging in the wireless audio devices market. A small Wi-Fi enabled HD transmitting device connects multiple wired or wireless audio devices to other devices for facilitating a private and superior consumer listening experience. This new technology will help overcome the audio limitations of Bluetooth – providing increased opportunities for manufacturers of wireless audio devices.

The Coming Years to Witness More Innovations in Wireless Audio Devices as Technology Hungry Consumers Continue to Demand More

Manufacturers of wireless audio devices are investing large sums of money in structured product innovations to cater to the demands of consumers. There has been a monumental shift in the fundamental principles of audio technology; it is just a matter of time when wireless technology renders wired devices obsolete. Notable innovations are afloat in the wireless audio devices market. Streaming of audio and music is a hot trend, with consumers preferring to stream music and audio directly into their smartphones and smart devices.

Multi-room audio streaming using smart speakers is another big opportunity area for manufacturers of wireless audio devices. Multi-room audio systems can either run on the internal Wi-Fi network or interact with one another to form their own network (IoT in action); and are governed by dedicated apps for each system (depending on the brand).

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Consumers also prefer to take their music with them and in this context, the adoption of wireless audio devices is anticipated to surge in the coming years. Whether portable speakers or wireless earbuds, the demand for wireless audio devices – especially powerful devices with a smaller form factor and an enhanced battery life – will reach exponential heights in the next few years.

A new study by Persistence Market Research on the wireless audio devices market reveals interesting facets of the global market for wireless audio devices. According to the forecast, revenue from the sales of wireless audio devices is projected to reach about US$ 27 Billion by 2026, witnessing a growth rate of 8.4% during the period 2018 to 2026.

High-res Audio Formats and Hearables Hit the Global Market; Manufacturers Strive to Create Superior Customer Experiences

Wireless 24 bit high-res audio formats are trending the global wireless audio devices market and manufacturers are scrambling to add more innovations in product features to provide rich listening experiences to customers. Superior resolution is no longer just an added feature – consumers demand exemplary audio quality through Bluetooth devices and the latest wireless audio devices come with built-in audio enhancement features.

A new innovation in the form of ‘hearables’ is also on the horizon. These wireless audio devices integrate traditional audio formats with wearable technology in devices that come in super small form factors. These devices cater to user preferences of very high quality audio along with advanced product features such as biometric sensors, voice recognition software, and support for cloud based systems. Some of these hearables also have inbuilt personal voice assistance technology and consumers have the option to use these devices to assist in improving speech comprehensibility especially in noisy environments.

Qualcomm Proves It is the Master of Innovation; Next-gen Wireless Bluetooth Stereo Headsets in the Offing

Leading American telecommunications equipment and semiconductor company Qualcomm has recently announced an upgrade to its existing wireless stereo technology that enables wireless headsets to deliver superior audio quality with an extended battery life. Powered by Qualcomm’s latest Bluetooth stereo optical compressor, this technology facilitates reduction in power consumption up to 65% for voice calls and music streaming. Wireless audio devices built with this technology are anticipated to be launched in the global market towards the close of 2018. This will be a big leap in the wireless audio devices market and will open more avenues for growth in revenue in the coming years.

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Wireless Audio Device Market : TOC

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Key Factors Impacting Operation Cost
2.4. Barriers to Entry
2.5. Internet of Things (IoT) – Impact

3. Market Background
3.1. Porter’s Analysis
3.2. Macro-Economic Factors
3.3. Forecast Factors – Relevance & Impact
3.4. Value Chain
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunity Analysis
3.5.4. Technological Trends
3.6. Key Regulations
3.7. End-User Survey
3.8. Social Media Insights

4. Market Forecast
4.1. Pricing Analysis
4.2. Market Size Projections
4.2.1. Y-o-Y Projections
4.2.2. Absolute $ Opportunity Analysis

5. Global Wireless Audio Devices Market Analysis By Region
5.1. Introduction
5.1.1. Market Value Share Analysis By Region
5.1.2. Y-o-Y Growth Analysis By Region
5.2. Historical Market Size Analysis By Region 2013–2017
5.3. Market Size Forecast By Region 2018–2026
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. China
5.3.5. South East Asia & Pacific
5.3.6. Japan
5.3.7. Middle East and Africa
5.4. Market Attractiveness Analysis By Region

6. Global Wireless Audio Devices Market Analysis By Technology
6.1. Introduction
6.1.1. Market Value Share Analysis By Technology
6.1.2. Y-o-Y Growth Analysis By Technology
6.2. Historical Market Size Analysis By Technology 2013–2017
6.3. Market Size Forecast By Technology 2018–2026
6.3.1. Bluetooth
6.3.2. Wi-Fi
6.3.3. Others
6.4. Market Attractiveness Analysis By Technology

7. Global Wireless Audio Devices Market Analysis By Distribution Channel
7.1. Introduction
7.1.1. Market Value Share Analysis By Distribution Channel
7.1.2. Y-o-Y Growth Analysis By Distribution Channel
7.2. Historical Market Size Analysis By Distribution Channel 2013–2017
7.3. Market Size Forecast By Distribution Channel 2018–2026
7.3.1. Organized Retail
7.3.2. Unorganized Retail
7.3.3. Online/e-Commerce
7.4. Market Attractiveness Analysis By Distribution Channel

8. Global Wireless Audio Devices Market Analysis By Product Type
8.1. Introduction
8.1.1. Market Value Share Analysis By Product Type
8.1.2. Y-o-Y Growth Analysis By Product Type
8.2. Historical Market Size Analysis By Product Type 2013–2017
8.3. Market Size Forecast By Product Type 2018–2026
8.3.1. Earphones & Headphones
8.3.2. Portable Speakers
8.3.3. Others (Multi-room Speakers, etc.)
8.4. Market Attractiveness Analysis By Product Type

9. Global Wireless Audio Devices Market Analysis By End User
9.1. Introduction
9.1.1. Market Value Share Analysis By End User
9.1.2. Y-o-Y Growth Analysis By End User
9.2. Historical Market Size Analysis By End User 2013–2017
9.3. Market Size Forecast By End User 2018–2026
9.3.1. Residential
9.3.2. Commercial
9.4. Market Attractiveness Analysis By End User

10. North America Wireless Audio Devices Market Analysis
10.1. Regional Drivers
10.2. Regional Restraints
10.3. Regional Trends
10.4. Key Takeaways
10.5. Introduction
10.6. Historical Market Size Analysis By Market Segments, 2013–2017
10.7. Market Size Forecast By Market Segments, 2018–2026
10.7.1. By Country
10.7.1.1. U.S.
10.7.1.2. Canada
10.7.2. By Technology
10.7.3. By Distribution Channel
10.7.4. By Product Type
10.7.5. By End User
10.8. Market Attractiveness Analysis
10.8.1. By Country
10.8.2. By Technology
10.8.3. By Distribution Channel
10.8.4. By Product Type
10.8.5. By End User
10.9. Key Market Participants – Intensity Mapping
10.10. Drivers and Restraints – Impact Analysis

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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