Some of the factors influencing the market include growing demand for smart phones as a basis of entertainment, rapid technological advancements and high expenditure on semiconductor for wireless devices. In addition, demand from automotive industry creates huge growth opportunities for market.
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According to Stratistics MRC, the Global Wireless Audio Device market is estimated at $14.56 billion in 2016 and is expected to reach $32.56 billion by 2023 growing at a CAGR of 12.1% from 2016 to 2023.
However, negative health effects on children & other user groups and strict regulations on the frequency range of audio devices are some key factors inhibiting the market growth.
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Amongst applications, home audio segment acquired the largest market share owing to constant technological advancements in home audio devices and rising consumer demand for high-performance home theaters.
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North America held the maximum revenue in the global market which can be attributed to higher acceptance of electronic devices and high disposable income of consumers. In addition, U.S. has always been the initial adopter of any new technology, thus providing relatively better opportunities for the large-scale deployment of devices.
Some of the key players in the market include Apple, Inc., Avnera Corporation, Bluetooth Sig, Inc., Bose Corporation, Boston Acoustics, Inc., DEI Holdings, Inc., Harman International, Inc., Koninklijke Philips N.V., Plantronics, Inc., Polk Audio, Inc., Sennheiser Electronic GmBH, Shure, Sony Corporation, Vizio, Inc. and VOXX International Corporation.
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Security & Defense
Rest of Europe
Rest of Asia Pacific
Rest of the World
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Major Points From The Table Of Contents:
Market Trend Analysis
Porters Five Force Analysis
Global Wireless Audio Device Market, By Technology
Global Wireless Audio Device Market, By Product
Global Wireless Audio Device Market, By Application
Global Wireless Audio Device Market, By Geography
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