Market Analysis

Market Research Future (MRFR) presumes the wireless audio Market size to reach USD 70 billion at a CAGR of 17% from 2016-2027 (forecast period).

Wireless audio devices are widely utilized in commercial sectors such as media and entertainment, education, and business for a variety of applications such as conferences, meetings, sports events, news broadcasting, and auctions. Wireless devices such as speaker systems, wireless microphones, and headphones are widely used in the market. This is a crucial factor driving the growth of the wireless audio Market.

Consumer demand for mobility services has increased over the years due to the need for efficient connectivity and easy access to information and resources. Individuals are becoming more aware of mobility solutions such as cloud services, the BYOD trend, mobile devices, wireless services, and others. The use of wireless audio devices has increased due to advanced characteristics such as portability, ease of management, and remote access for audio communication. Wireless audio devices enhance the consumer experience by providing simple and quick audio transmission, wireless operation, and the convenience of installation. As a result, rising consumer demand for mobile services is likely to enhance the wireless audio Market.

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Key Players

Sony Corporation (Japan), Koninklijke Philips N.V. (Netherlands), LG Electronics (South Korea), Sonos Inc. (U.S.), Bose Corporation (U.S.), Vizio Holdings Inc. (U.S.), Sennheiser Electronic Gmbh Company Kg (Germany), Apple Inc. (U.S.), Voxx International Corporation (U.S.), Samsung Electronics Co. Ltd (South Korea)

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Market Segmentation

The global wireless audio device industry has been divided into products, technology, and end-user.

By product, the worldwide wireless audio device market has been segmented into wireless speaker systems, wireless headsets, soundbars, and wireless microphones, among others.

By technology, the worldwide wireless audio device market has been segmented into Bluetooth, Wi-Fi, Airplay, and others.

By end-user, the worldwide wireless audio device market has been segmented into commercial, electronics, telecommunication, automotive, security defense, and others.

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Regional Analysis

Region-wise, the worldwide wireless audio device market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

The global wireless audio devices market is dominated by North America, followed by the Asia Pacific and Europe. The availability of low-cost consumer devices, as well as the growing popularity of smartphones, are driving the expansion of the North American market for wireless audio devices. The North American market for wireless audio devices is led by the United States, which is expected to grow by more than 16% between 2015 and 2027.