Wireless Audio Device Market – Overview
Rising global usage of audio devices has formed a profitable market for wireless audio devices as well. Market reports associated with the semiconductors & electronics sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is anticipated to achieve revenue worth USD 70 billion by 2027 while growing with 17 percent CAGR approximately in the duration of the forecast period.
The market is expected to observe influential growth due the advances of technology and the relative ease in the manufacturing of such products. The improved capabilities of WiFi networks and Bluetooth are also motivating the expansion of the market to an increased extent. The consumer demand for sleeker products is also a key underlying factor for the market’s growth. The raised sales level of consumer electronics will also likely to add to the market expansion over the forecast period.
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GENKI has launched a pioneering Bluetooth audio transmitter made to be adaptable to the USB Type-C standard. GENKI gives also allows the wireless pairing of Bluetooth headphones which delivers high quality audio with zero latency, up to a distance of 60 feet.
Some of the major players in global Wireless Audio Device Market include Sony Corporation (Japan), Bose Corporation (U.S.), Sennheiser Electronic Gmbh & Company Kg (Germany), LG Electronics (South Korea), Sonos, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Vizio Holdings, Inc. (U.S.), Apple Inc. (U.S.), Voxx International Corporation (U.S.), and Samsung Electronics Co., Ltd (South Korea).
The active incorporation of supply chain management is progressively improving the growth of the market. The critical success factors in the market are easily achieved in the market leading to an elevated pace of development in the forecast period. The enhanced level of importance on the variation of products is raising the number of customers in the market considerably. The long term viability of the market is highly dependent on the techniques and the strategic roadmaps that are engaged by market players. The innovation in products and services of the markets will alter the progression of the market substantially. The market appeal and competitors’ tendencies are markedly enhanced by the strategies that are being used by market players. The market is meaningfully elevated by the developments that are occurring in the market.
The wireless audio device market globally is segmented on the basis of end user, product and technology. By Product, the market segmentation comprises of wireless headsets, sound bars, wireless speaker systems, and wireless microphone among others. By Technology, the market is segmented on the basis of Wi-Fi, Bluetooth, Airplay and, others. By End Users, the market consists of electronics, automotive, commercial, telecommunication, security & defense among others.
Detailed Regional Analysis
The regional analysis of the market states that the North American region is heading the growth of the wireless audio device market followed by Asia Pacific and European region. The availability of inexpensive consumer equipment and rising trend of smart phones are the growth driving factors of the wireless audio device market in the North American region. The US market in the North America region is the foremost economy in the wireless audio device market and is anticipated to develop with a CAGR of more than 16 percent through the forecasted period. While, the Asia Pacific region is anticipated to increase at a high rate to rising advancement in the technology and increasing demand and adoption of smartphones in the region.
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- Music and stereo companies
- Smartphone and audio device manufacturers
- Financial institutes
The report for Wireless Audio Device market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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