Press release
Wireless Audio Devices Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2027: Apple Inc. and Plantronics, Inc. are key players.
Wireless Audio Devices Market is expected to grow at a CAGR of 16.96% to reach a market size worth US$54.456 billion by 2027.Key factors accelerating the global wireless audio devices market growth include the rising portable device adoption, product advancements, increased online retail sales of goods & services, rapid digitalization, and the emergence of new platforms for media and entertainment content. Moreover, future market growth will be further fueled by the rising demand for mobility, rising semiconductor spending for wireless devices, and the development of novel products. Moreover, the widespread use of smartphones, laptops, and tablets has aided in the demand expansion of wireless audio devices. However, stringent rules and regulations implemented by the government regarding frequency range are some of the key challenges during the analysis period.
According to the analysis, the surge in demand for wireless audio-based products is fueling the market's expansion.
The rising demand for audio-based gadgets is one of the main factors driving the expansion of the industry as a whole. As customers' desire for audio-based devices increases, several audio solution providers offer affordable wireless audio devices with new features. In addition, significant demand for wireless sensor networks across several sectors is projected to stimulate the expansion of wireless audio devices.
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The global wireless audio device market is analyzed into product, technology, application, and geography.
The global wireless audio market is analyzed into the following technology categories: Bluetooth, Wi-Fi, and Airplay, among others. Out of all these types of technology, the Bluetooth segment is anticipated to hold a significant market share during the analysis period. Future segment growth will mostly be fueled by rising consumer demand for Bluetooth-enabled devices and technological advances. The main factor in the technology's superior performance to competing products on the market is that it works with practically any device. Compared to other wireless audio transmission systems, Bluetooth uses less energy, which spurs the growth of this segment even further.
Based on the product, the classification has been done into Headsets & Microphones, Soundbars, Speaker Systems, and others. Out of all these products, the speaker system segment is expected to hold a major market share during the analysis period. The speaker system's capacity to wirelessly broadcast audio information and improve both wired and non-wired counterparts' overall audio experiences is the main factor driving their rising acceptance. Moreover, based on application, the global market is classified into Automotive, Consumer, Commercial, and others.
The wireless audio devices market is geographically segmented in North America, South America, the Middle East and Africa, Europe, and Asia Pacific. Out of all the geographical regions Asia Pacific region is expected to have a significant market share in the global wireless audio devices market. An increasing middle-class population in nations like China, India, and Japan and changes in the consumer electronics sector across many countries are the main factors boosting market expansion. Moreover, the widespread use of smartphones, laptops, and tablets has aided in raising the demand for wireless wearables in the region. In addition, to encourage digitalization in their nations, the governments of many emerging economies are implementing various programs and policies, which are also anticipated to enhance the usage of wireless devices.
Major global wireless audio devices market players are VOXX International Corp., Sony Corporation, bOAt-Lifestyle, Samsung Electronics Co. Ltd. (Harman International), Bose Corporation, Sonos, Inc., Apple Inc., Vizio Inc., Sennheiser Electronic GmbH & Co. KG, and Plantronics, Inc.
This Wireless Audio Devices Market has been analyzed into the following segments:
• By Technology
o Bluetooth
o Wi-Fi
o Airplay
o Others
• By Product
o Headsets and Microphones
o Soundbars
o Speaker System
o Others
• By Application
o Automotive
o Consumer
o Commercial
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Others
o The Middle East and Africa
• Saudi Arabia
• UAE
• Others
o Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/hi-fi-system-market
• https://www.knowledge-sourcing.com/report/global-voice-over-internet-protocol-equipment-market
• https://www.knowledge-sourcing.com/report/audiological-devices-market
• https://www.knowledge-sourcing.com/report/smart-speakers-market
• https://www.knowledge-sourcing.com/report/global-audio-surveillance-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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