Wireless Audio Device Market 2019 Industry Analysis by Size, Share, Trends, Segments, Sales Revenue, Development Strategy, Emerging Technologies and Opportunity Assessment by 2027

Wireless Audio Device Market 2019 Industry Analysis by Size, Share, Trends, Segments, Sales Revenue, Development Strategy, Emerging Technologies and Opportunity Assessment by 2027

“Market Research Future”
Market Research Future published a research report on “Wireless Audio Device Market Research Report- Global Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Wireless Audio Device Global Market- Overview

The global wireless audio devices market has been witnessing a steady growth over the last few years on account of growing implementation of wireless devices in various sectors and the increasing demand for consumer electronics. Consumer electronics is a profitable industry which is constantly growing as companies develop new products and technologies in the market. Smart television, wireless headphones, bluetooth speakers are a part of this segment. The growing population, increasing consumer preferences for wireless accessories and evolution of new technologies in the market is boosting the growth of wireless audio device in the coming years. Wireless headsets include a speaker and a microphone which are commonly used during any digital communication. In U.S., 40% of population uses wireless headphones on portable devices which is expected to increase in the coming future. Sony, Phillips, Apple, Sennheiser, Bose are some of the leading wireless headsets manufacturers.

The major growth driver of Wireless Audio Device Market includes increasing penetration of wireless devices in the commercial sector, increasing demand of wireless accessories in consumer electronics, high adoption of wireless devices in the security & defence sector. However, adverse effects on health, and high development cost are the major factors which are hindering the growth of Wireless Audio Device Market

The Wireless Audio Device Market is anticipated to achieve revenue worth USD 70 billion by 2027 while growing with 17% CAGR approximately in the duration of the forecast period

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Industry News:

In May 2019, Advantest Corporation launched a new GPWGD high-resolution module which has the analog-performance digitizer of the best quality with ultra-high dynamic range that provides support to devices to measure PMIC and DAC devices. This could be an ideal part for next-age audio applications.

Key Players

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).

Segmental Analysis

MRFR, for a better analysis of the global wireless audio device market, segmented the mentioned market by product, technology, and end-user. The analysis would reveal data related to both volume and value for a better understanding of the market and help in developing strategies for the coming years.

Based on the product, the global wireless audio device market can be segmented into wireless headsets, sound bars, wireless microphone, wireless speaker systems, and others. The sound bars segment is gaining much precedence at present as many prefer to carry them along on tours. In entertainment industry, wireless microphones are receiving more traction.

Based on the technology, the wireless audio device market can be segmented into Bluetooth, Wi-fi, Airplay, and others. The Bluetooth segment is enjoying widespread attention owing to people using the method to connect their smartphones and other devices. The process is much simpler. However, range is a barrier.

Based on the end-users, the wireless audio device market can be segmented into electronics, commercial, automotive, telecommunication, security & defense, and others. The automobile segment is experiencing much integration in a bid to better driver’s experience.

Detailed Regional Analysis 

MRFR’s decisive move to analyze the global wireless audio device market geographically, includes North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW). This study efficiently highlights all the growth pockets for a better understanding of opportunities that the market holds for the upcoming years.

North America’s market prominence depends a lot on the presence of several market titans. At the same time, high investment capacity and superior infrastructural qualities have given the region some advantage in competing with others. The market is also gaining from the availability of low-cost materials and growing smartphone intake. The U.S. market in the region is expected to rise with 16% CAGR during the forecast period (2015-2027).

North America is getting followed by the APAC and Europe. The APAC market is witnessing a surge in integration of advanced technology based on which the regional market is forecasted to register the highest CAGR during the forecast period. It is also happening due to high intake of smartphones triggered by huge population.

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Intended Audience

  • Music and stereo companies
  • Smartphone and audio device manufacturers
  • Research
  • Financial institutes
  • Government

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