Press release
Valued to be USD 194.85 Billion by 2027, Wireless Audio Devices Market Slated for Robust Growth Worldwide| Emergen Research
Wireless Audio Devices Market
The pandemic has severely disrupted the supply chain, raw material supplies, and demand for the product in the market, as China is one of the major suppliers for the raw materials as well as the finished product. The present condition can be a great opportunity for local manufacturers if they can efficiently cater to the growing demand. However, the scarcity of raw materials is still a major restraining factor in the market. As people are facing a financial crisis, there are changes in consumer buying behavior, which can adversely affect the industry. The liquidity shortfall and the cash crisis have already affected the sales of the product.
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Key companies operating in the Wireless Audio Devices market include:
Harman International Industries, Inc., Apple Inc., Bose Corporation, Sony Corporation, Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH & Co. Kg, DEI Holdings, Inc., Plantronics, Inc., Sonos, Inc., and VIZIO, Inc., among others.
Some Key Highlights from the Report
The increasing flexibility, improved audio quality, better battery life, and lightweight feature of the wireless speaker systems have resulted in the increased demand for the product.
The Bluetooth accounted for the largest market share of the wireless Audio devices Market in 2019. In comparison to other wireless audio transmission technologies, Bluetooth consumes less power. In order to increase the adoption of Bluetooth, key smartphone manufacturers are planning to include Bluetooth 5.0 technology in smartphones.
The commercial sector has a wide usage of wireless audio devices due to the growing demand for wireless infotainment devices.
Asia-Pacific has the highest adoption rate in the market due to the increasing urban middle-class population in countries such as China, Japan, and India and the increasing disposable income of the consumers.
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Emergen Research has segmented the global Wireless Audio Devices Market on the basis of Product, Technology, Application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Wireless Headsets & Microphones
Sound Bars
Speaker systems
Other Products
Technology Outlook (Revenue, USD Billion; 2017-2027)
Wi-Fi
Bluetooth
Airplay
Others
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Application Outlook (Revenue, USD Billion; 2017-2027)
Automotive
Consumer
Commercial
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
U.S.
Canada
Europe
Germany
UK
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
MEA
Saudi Arabia
UAE
Rest of MEA
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Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter's Five Forces analysis
In-depth 8-year analysis of the Global Wireless Audio Devices Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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