The global Wireless Audio Devices Market is expected to reach USD 194.85 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the increasing demand for wireless audio devices from the commercial sectors and rising technological advancement for the production of innovation devices. Increasing investments in the R&D by the OEMs for the production of advanced devices is augmenting the demand for the industry.
The pandemic has severely disrupted the supply chain, raw material supplies, and demand for the product in the market, as China is one of the major suppliers for the raw materials as well as the finished product. The present condition can be a great opportunity for local manufacturers if they can efficiently cater to the growing demand.
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The Global Wireless Audio Devices Market Research Report to its expanding repository is an all-inclusive document containing insightful data about the Wireless Audio Devices Market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Wireless Audio Devices Market industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2027.
Key participants include Harman International Industries, Inc., Apple Inc., Bose Corporation, Sony Corporation, Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH & Co. Kg, DEI Holdings, Inc., Plantronics, Inc., Sonos, Inc., and VIZIO, Inc., among others.
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Key Highlights from the Report
The increasing flexibility, improved audio quality, better battery life, and lightweight feature of the wireless speaker systems have resulted in the increased demand for the product.
The Bluetooth accounted for the largest market share of the wireless Audio devices Market in 2019. In comparison to other wireless audio transmission technologies, Bluetooth consumes less power. In order to increase the adoption of Bluetooth, key smartphone manufacturers are planning to include Bluetooth 5.0 technology in smartphones.
The commercial sector has a wide usage of wireless audio devices due to the growing demand for wireless infotainment devices.
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Emergen Research has segmented the global Wireless Audio Devices Market on the basis of Product, Technology, Application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Wireless Headsets & Microphones
Sound Bars
Speaker systems
Other Products
Technology Outlook (Revenue, USD Billion; 2017-2027)
Wi-Fi
Bluetooth
Airplay
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Automotive
Consumer
Commercial
Others
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The report considers the following timeline for market estimations:
Historical Years: 2016 – 2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020 – 2027
Table of Contents:
Chapter 1 includes an introduction of the global Wireless Audio Devices market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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