Wireless Audio Market - Global Industry Analysis

Wireless Audio Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Consumer Goods Report Format : PDF Report Code: ZMR-1217 Status : Upcoming

Description

Global Wireless Audio Market: Overview

Wireless audio is a wireless technology specially designed to play various types of audio files. These wireless audio devices include speaker adapters, microphones, integrated audio system, musical pickups, wireless transmitters and receiver system, sound bar, in-ear monitoring systems, wireless speaker system, and dedicated speaker docks. Modern wireless audio devices can be run by batteries or power cables depending on the designs. They offer flexibility, connectivity, convenience, and expandability; it is also capable of operating in the vacant spectrum between 520 MHz–1800 MHz. Changing consumer preferences and behavioral shifts have resulted in increasing penetration of smartphones and tablets globally. Changing the focus of media toward streaming services such as spotify, deezer and pandora have taken the wireless audio market to the new height. Wireless audio devices offer vast personal libraries of songs to the music lovers to enjoy at home or other places.

Global Wireless Audio Market: Growth Factors

Increasing need for mobility devices and advancements in wireless audio technologies are factors anticipated to drive the global wireless audio market growth in the near future. The key factor of the global market is rising demand for infotainment services. Increasing investment in the R&D and further innovation in the wireless audio devices may open up new growth opportunities in the global market. Conversely, its heavy use may adversely affect children and end-user, and operating frequency compliance; all these factors may hinder the global wireless audio market to some extent.

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Wireless Audio Market: Segmentation

The global wireless audio wireless audio market is categorized based on technology as Wi-Fi, play-Fi, Airplay, SONOS, Bluetooth, SKAA, and others. On the basis of application, the global market is classified as a commercial application, defense and security application, consumer and home application, automotive application, and others. Of these, Bluetooth is the largest application segment is the global market. Commercial application is the second largest across the globe due to higher demand for wireless audio devices from automotive and defense sectors. Moreover, the global wireless audio market is divided based on the product as wireless headsets & microphones, sound bars, wireless speaker systems, and others. Of these, wireless speaker systems are the dominating segment globally. Further, wireless speaker systems are sub-segmented as speaker adapters, dedicated speaker docks, and Bluetooth speakers.

Global Wireless Audio Market: Regional Analysis

North America is the leading region in the global wireless audio market. Asia Pacific follows the same trend. North America, especially the U.S., contributes for the largest market chunk due to increasing disposal income and increasing spending power of the population. Asia-Pacific is the fastest growing market owing to emerging economies such as India, China, and Japan. These countries are anticipated to show significant growth in the coming years. These are some major markets for wireless audio devices and are expected to exhibit double-digit growth in the next few years.

Global Wireless Audio Market: Competitive Players

Major players in the global wireless audio market are Harman International, Inc., Apple, Inc., Plantronics, Inc., DEI Holdings, Inc., and Bose Corporation, Vizio, Inc., Polk Audio, Inc., and Koninklijke Philips N.V. Other players influencing the global market are Bluetooth Sig, Inc., Boston Acoustics, Inc., Sony Corporation, Sennheiser Electronic GmbH, Avnera Corporation, VOXX International Corporation, and Shure.

Global Wireless Audio Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Choose License Type

Request the coronavirus impact analysis across industries and markets

HappyClients

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Are On Social