Press release
Wireless Audio Device Market Revenue Growth Predicted by 2021
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Based on technology, the global wireless audio device market is segmented into four categories: Airplay, Bluetooth, Wi-Fi, and others (including skaa, play- fi, and sonos). Among various applications, Bluetooth accounts for the largest segment in the wireless audio device market.
Based on application, the global wireless audio device market is segmented into four categories: consumer and home application, commercial application, automotive application, and others (including security application and defense application). Commercial application forms the largest segment owing to the soaring demand of wireless audio devices from thte automotive and defense sectors. Based on product, the global wireless audio device market is classified into four categories: sound bars, wireless speaker systems, wireless headsets & microphones, and others. Wireless speaker systems are further divided into three different categories: Bluetooth speakers, speaker adapters, and dedicated speaker docks.
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Increasing mobility requirement, advancements in wireless audio technologies, and growing demand for infotainment services are the key factors driving the global wireless audio device market. Negative health effects on children and other user groups as well as other issues, such as operating frequency compliance acts, restrain the global wireless audio device market. Major companies such as Apple, Inc., Bose Corporation, DEI Holdings, Inc., Harman International, Inc., and Plantronics, Inc. offers innovative audio devices with the latest features. Growing investment for research and development of sophisticated wireless audio devices further helps in the growth of this market.
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North America is the largest market for wireless audio devices, followed by Asia Pacific. In North America, the U.S. accounts for the largest market share in the wireless audio device market. China, Japan, and India are some of the major market for wireless audio devices in Asia Pacific. This market is expected to exhibit double digit growth rate during the forecast period.
Some of the major players in the global wireless audio device market are Plantronics, Inc., Polk Audio, Inc., Boston Acoustics, Inc., Avnera Corporation, Bluetooth Sig, Inc., Bose Corporation, DEI Holdings, Inc., Harman International, Inc., Koninklijke Philips N.V., Sennheiser Electronic GmBH, Shure, Sony Corporation, Vizio, Inc., VOXX International Corporation, and Apple, Inc.
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