Global Wireless Audio Market
Report Highlights
Global Wireless Audio Market
By Technology (Bluetooth + WiFi, AirPlay, Radio Frequency, Bluetooth, Wi-Fi), Product (Microphones, Speaker Systems, Soundbars, Headphones, Headsets), Application (Automotive, Home Audio, Commercial, Consumer), and Regional Market Size, Status and Forecast to 2025
Market Overview:
The Global Wireless Audio Market was valued at USD 16.23 billion in 2016 and is projected to reach USD 38.65 billion by 2025, growing at a CAGR of 10.12% from 2017 to 2025.
Wireless Audio uses a radio-frequency transmitter to convey an audio signal to a radio receiver Wireless audio lets users avoid physical cables in order to transmit audio from a smartphone to a speaker. Benefits of wireless audio include – helps you to get rid of wires, streaming video to comfortable places, portability and mobility, low bandwidth requirement, low battery consumption, and lossless transmission of sound.
Market Dynamics:
1. Market Drivers
1.1 Increasing demand for portable devices
1.2 Technological advancements in wireless solutions
1.3 Rising demand for smartphones as a source of entertainment
1.4 Rise in on-demand music streaming services
1.5 Growing usage of wireless audio devices in the hospitality and leisure sector
2. Market Restraints
2.1 Requirement of high quality audio
2.2 Negative health effects on users
Market Segmentation:
The Global Wireless Audio Market is segmented on the technology, product, application, and region.
1. Technology:
1.1 Bluetooth + WiFi
1.2 AirPlay
1.3 Radio Frequency
1.4 Bluetooth
1.5 Wi-Fi
2. By Product:
2.1 Microphones
2.2 Speaker Systems
2.3 Soundbars
2.4 Headphones
2.5 Headsets
3. By Application:
3.1 Automotive
3.2 Home Audio
3.3 Commercial
3.4 Consumer
3.4.1 Laptops/Computers
3.4.2 Gaming Consoles
3.4.3 Smartphones
3.5 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Samsung Electronics Co., Ltd.
2. Voxx International Corporation
3. Bose Corporation
4. DEI Holdings, Inc.
5. Vizio, Inc.
6. Sennheiser Electronic GmbH & Co. Kg
7. Apple Inc.
8. Sony Corporation
9. Harman International Industries, Incorporated
10. Sonos, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Wireless Audio Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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