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Global wireless audio market to make a huge impact in near future

Industrial Market Research

A wireless audio system offers connectivity, expandability, flexibility, and convenience and it makes audio playback by using a handheld device. Wireless audio devices uses wireless platforms such as Bluetooth, Radio frequency, Infrared, Wi-Fi, SKAA and Airplay for the streaming of music from audio enabled devices to wireless output system.

New Research report on Global Wireless Audio Market accounted to USD 15.8 billion in 2016 growing at a CAGR of 25.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The latest trend in this market is increasing demand for the smartphones; preference of wireless devices by consumers will lead the market. There is use of wireless audio for several applications like Home Audio, Consumer, Commercial, Automotive; others will create a huge market for the wireless audios.

Major Market Drivers and Restraints:

  • Growing Demand for Smartphones leading to market growth
  • Consumer Preferences for Portable Devices
  • Advancements in Wireless Technologies
  • Issues related to Operating Frequency
  • Negative Health Effects

Competitive Analysis

Wireless Audio Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

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Global Wireless Audio Major Market Competitors

Some of the major players operating in wireless audio market are Apple Inc., Samsung Electronics Co., Ltd., Sony Corporation, VOXX International Corporation, Harman International Industries, Incorporated, Bose Corporation, Sonos, Inc., DEI Holdings, Inc., Sennheiser Electronic GmbH & Co. Kg, Vizio, Inc., Ossic Corporation, Phazon,Trüsound Audio, Sound United, Panasonic Corporation, LG Electronics Inc., JVCKENWOOD Corporation, Logitech International S.A among others.

In 2017, Apple Inc. launches the Siri-powered hi-fi smart speaker.

Market Segmentation: Global Wireless Audio Market

On the basis of product type the wireless audio market is segmented into Speaker Systems, Sound bars, Headsets, Headphones, Microphones, Others. The headphones market is expected to grow in the forecasted period.

On the basis of technology the wireless audio market is segmented into Bluetooth, WI-Fi, Radio Frequency, Airplay, Bluetooth +Wi-Fi, Others. The Bluetooth market is expected to grow in the forecasted period.

On the basis of application the wireless audio market is segmented into Home Audio, Consumer, Commercial, Automotive, Others. The commercial market is expected to grow in the forecasted period.

On the basis of geography, wireless audio market report covers data points for 28 countries across multiple geographies such as:

  • North America & South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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