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Surge In Wireless Device Usage Boosts Wireless Audio Device Market Driving Market Acceleration in the Wireless Audio Device Industry, 2025
Wireless Audio Device
How Large Will the Wireless Audio Device Market Size By 2025?
In recent years, there has been remarkable growth in the wireless audio device market size. The market, which is projected to expand from $41.85 billion in 2024 to $52.37 billion in 2025, boasts a compound annual growth rate (CAGR) of 25.1%. Factors contributing to this growth during the historic period include increased consumer demand for mobility, widespread use of smartphones, the rise of streaming services, enhanced digital audio quality, and high-resolution audio.
How Big Is the Wireless Audio Device Market Size Expected to Grow by 2029?
The market size for wireless audio devices is predicted to witness significant expansion in the forthcoming years, reaching $122.57 billion in 2029 with a compound annual growth rate (CAGR) of 23.7%. Factors contributing to this growth in the projected period can be traced back to 5g connectivity, voice assistant incorporation, increased desire for gaming and vr, health and fitness, augmented reality (ar) and mixed reality (mr). Key trends expected during this forecast period involve true wireless stereo (tws) earbuds, active noise cancellation (anc), gaming with low latency audio, customization and personalization, and incorporation of wearables.
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Which Key Market Drivers Powering Wireless Audio Device Market Expansion and Growth?
The growth of the wireless audio device market is anticipated to be spurred by the burgeoning use of wireless devices. These wireless devices, including smartphones, routers, radios, tablets, Bluetooth mice, and keyboards, communicate via radio signals and thus, don't necessitate any physical wires. The surging adoption of such devices is fuelling the consumer demand for using wireless audio devices for entertainment. For instance, DataReportal, an online reference library, reports a quick expansion in the number of smartphones in use, with the rate of growth calculated at 5.7% annually, equivalent to nearly 1 million novel smartphones in use each day. Thus, this escalating adoption of wireless devices is a key driver behind the expanding wireless audio device market.
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Which Fast-Growing Trends Are Poised to Disrupt the Wireless Audio Device Market?
In the wireless audio device market, product innovations have become a crucial popular trend. To cater to their customer base and meet their requirements, businesses in this sector are developing new technologies and introducing fresh products. For example, in December 2023, the consumer electronics brand Noise originating from India unveiled the Pure Pods OWS. This introduction marks a substantial progression in India's wireless audio market, fusing cutting-edge technology with user-friendly attributes to amplify the auditory experience. Priced competitively with a ground-breaking design, the product is tailor-made to fulfill the surging need for high-fidelity audio applications. This product launch underlines a commitment to offering supreme audio encounters that resonate with customer inclinations.
What Are the Emerging Segments in the Wireless Audio Device Market?
The wireless audio device market covered in this report is segmented -
1) By Product: Sound Bars, Wireless Speakers, Wireless Headsets And Microphones
2) By Technology: Bluetooth, Wi-Fi, Airplay
3) By Application: Commercial, Consumer, Automotive
Subsegments:
1) By Sound Bars: Standalone Sound Bars, Sound Bars With Subwoofers
2) By Wireless Speakers: Portable Wireless Speakers, Home Wireless Speakers, Smart Speakers
3) By Wireless Headsets: Over-Ear Headsets, On-Ear Headsets, In-Ear Wireless Earbuds
4) By Microphones: Wireless Handheld Microphones, Lavalier Microphones, Headset Microphones
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Who Are the Global Leaders in the Wireless Audio Device Market?
Major companies operating in the wireless audio device market include Apple Inc., Boat Lifestyle, Bose Corporation, DEI Holdings Inc., Harman International Industries Inc., Koninklijke Philips N.V., LG Electronics Inc., Logitech International S.A., Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Sonos Inc., Sony Corporation, Vizio Inc., Voxx International Corporation, Marshall Group, GN Store Nord A/S, Xiaomi Corporation, Bang & Olufsen A/S, Yamaha Corporation, Imagine Marketing Limited, JBL, Earin AB, Audiotonix Group, Sound Devices LLC, Jabra, Amazon.com Inc., Google LLC, Jaybird
Which are the Top Profitable Regional Markets for the Wireless Audio Device Industry?
North America was the largest region in the wireless audio device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the wireless audio device market report during the forecast period. The regions covered in the wireless audio device market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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