Asia-Pacific Wireless Audio Market 2021 Strategic Assessments - Apple Inc. (Including Beats Electronics LLC), Xiaomi Corp, Samsung Electronics Co Ltd

The Asia-Pacific Wireless Audio Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Asia-Pacific wireless audio market is expected to register a CAGR of 16% over the forecast period 2020 to 2025.

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Top Leading Companies of Asia-Pacific Wireless Audio Market are Apple Inc. (Including Beats Electronics LLC), Xiaomi Corp, Samsung Electronics Co Ltd., Harman International Industries Incorporated (JBL), Sony Corporation, Skullcandy Inc., Bose Corporation, Alibaba Group, Baidu Inc., Amazon.com Inc., Google LLC, Realme Chongqing Mobile Telecommunications Corp. Ltd, LINE Corporation, Huawei Device Co Ltd. and others.

Industry News and Updates

- In May 2020 - Xiaomi announced its first true wireless earbuds, the Mi TWS Earphones 2 in India. The Mi True Wireless Earphones 2 have a semi-in-ear design to offer a comfortable fit and offers up to 14 hours of battery life with the charging case and up to 4 hours worth of listening on a single charge.

- In Feb 2020 - Xiaomi Mi launched Outdoor Bluetooth Speaker. Mi Outdoor Bluetooth Speaker is quite light and compact in size, making it easy to carry anywhere and everywhere. It is compatible with both Android and iOS devices and connects via Bluetooth 5.0. The speaker has a frequency response of 20 to 20KHz. The 2,000mAh battery present in the speaker will give 20 hours of music playback.

Key Market Trends

Bluetooth Speakers to Witness Higest Market Growth

- The need and popularity of the wireless speakers bolstered the demand for Bluetooth speakers, over the past few years. This trend can be attributed to the greater availability of these devices, at affordable prices and the consumer preference for smart portable devices.

- With this rising demand for wireless speakers, Bluetooth technology has gained momentum in the market for speakers, globally. This is because the technology works with a wide range of mobile devices, including Apple iPhone and Android smartphones. Bluetooth speakers also tend to be less pricey than WiFi options.

- Moreover, in the Chinese market as well, the prominence of Bluetooth speakers has increased. According to Qualcomm, as of 2019, the Chinese consumers looked for better sound quality, ability to play at loud volumes without distortion, long standby hours on battery, and affordable price, and Bluetooth speakers fit best for these demands.

- Furthermore, the launch of Bluetooth 5.0 version enabled a new feature, which allows us to play audio on two connected devices at the same time. In other words, one can play audio on two different speakers in different rooms. This is expected to boost the market growth for Bluetooth speakers.

Regional Outlook of Asia-Pacific Wireless Audio Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Asia-Pacific Wireless Audio Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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