Global Wireless Audio Device Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rising need for mobility services, growing penetration of infotainment devices and increasing use of wireless audio devices in commercial sectors are some of the major factors driving the growth of Global Wireless Audio Device Market.
Global Wireless Audio Device Market is valued at USD 58.24 Billion in 2020 and expected to reach USD 158.83 Billion by 2027 with a CAGR of 18.2% over the forecast period.
Global wireless audio device is a device which passes on a sound signal to a radio recipient by utilizing a radio-frequency transmitter. The audio information signal and other non-audio information are communicated as a radio wave. The signal is directly communicated from the transmitter to the receiver (similarly as with Bluetooth) or through another gadget like a router (Wi-Fi) however the final result is something very similar. The range of transmission is dictated by the kind of radios utilized. Increasing utilization of wireless audio devices for in the commercial area is rising business sector growth. In industrial areas, such as media and entertainment, education, and corporate the wireless audio devices are globally used for various purposes, including conferences, meetings, sports events, news broadcasting. Wireless earphones, microphones, sound bars, speakers, and sound frameworks, radio tuners, and others are different sorts of wireless audio gadgets available in the market. Developing interest from a few end-user companies, attractive designs, expanding interest for devices that require such electronic gadgets for help, the developing case of work from home, and others are reinforcing the worldwide market. Alexander Graham Bell licensed his first electric loudspeaker as a component of his phone in 1876, which was continued in 1877 by an improved variant from Ernst Siemens. The first wireless speakers invented in 1994. In 1994 Larry Schotz first applied patient for wireless speakers.
During Covid-19 pandemic, the careful steps taken by governments of different nations have led the temporary suspension of organizations and reduce the production of consumer electronic products such as smartphone’s and tablets. Rising number of individuals staying at home has increases the usage of audio gadgets for entertainment. However, remote learning, remote working and home exercise rising the demand of wireless audio devices. Due to video streaming platforms such as Netflix, Amazon Prime and Hotstar and expanding demand of video streaming, live video streaming and video content utilization over the web during the lockdown has expanded the interest for audio devices.
Global wireless audio device market is segmented on the basis of technology, application type, functionality type and region & country level. Based upon type, wireless audio device market is classified into smart devices and non smart devices. Based upon application type, the market is divided into home audio, commercial, consumer, automotive and other. Based on functionality type, the global wireless audio device market is classified into bluetooth, wi-fi, bluetooth+w-ifi, airplay, radiofrequency and others.
The regions covered in this global wireless audio device market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of wireless audio device is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some major key players for wireless audio device market report cover prominent players like Apple(Beats), LG, Bose, Samsung (Harman), Logitech (Jaybird), Sennheiser, Sonos, DEI, Vizio, Boston, Sony, Shure , Philips, YAMAHA, Jabra, Amazon, Google, Sony Corporation, DEI Holdings, Inc. ,Sennheiser Electronic GmbH & Co. KG, VIZIO, Inc. , VOXX International Corporation, Plantronics Inc., Ossic Corporation, Phazon, Trüsound Audio, Jam, Earin, Human, Bragi, Devialet , and Dali A/S and others.
One of the major factors drive the growth of global wireless audio device market is rising need for mobility services. The interest for mobility services between purchasers for flawless connectivity and easy openness of data and resources has expanded in the recent years. Wireless audio devices improve experience of clients by giving simple and fast audio transmission, remote activity, and simplicity of installation. Mobility solutions, for example, BYOD pattern, cloud services, remote services, cell phones, and others have been gaining popularity among consumers. The adoption of wireless audio gadgets has expanded because of superior features of wireless audio gadgets like movability, simple reasonability, and wireless accessibility for sound communication.
Therefore, expanding interest for versatile services among clients is expected to drive the growth of global wireless audio devices market. In addition, growing penetration of infotainment devices is also supplementing the market growth. The access of infotainment gadgets like laptops, cell phones, television, PCs, and in-vehicle infotainment gadgets has expanded in the latest years; subsequently, growing the requirement for portable accessories. Spiraling development of the infotainment gadgets market is one of the central point triggering the market development.
Furthermore, increasing use of wireless audio devices in commercial sectors also augment the growth of global wireless audio device market. Wireless audio devices are generally utilized in business areas, like education, media and entertainment, schooling, and corporate for different purposes including sport events, meetings, news broadcasting, conferences and closeouts among others. Wireless gadgets, like earphones, speaker system, and microphones are generally utilized in the market.
However, wireless audio device have high development cost and inappropriate impact of data transfer capacity, coding, and frequency errors in sound quality which may hamper the market growth. In spite of that, wireless audio devices give more flexibility and connectivity, excellent sound and freedom of moment which can offer more opportunities for the further growth of market.
North America is expected to dominate the global wireless audio device market within the forecast period due to increasing adoption of electronic devices, high disposable income of consumers and presence of key players in this region. For instance; as per the report of Bureau of Economic Analysis, Americans had an overall of 15.74 trillion dollars in disposable individual income in 2019. Per capita personal disposable individual income was 47,763 dollars in that similar year.
Asia Pacific is expected to witness a high growth rate due to increasing use of smartphones and availability of affordable consumer equipments in this region. In China, the high accessibility of assets and modest work and also different global organizations have also set up their assembling plants, consequently making the country an ideal place for multi-million interests in the field of wireless audio devices market.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 58.24 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 158.83 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Apple(Beats), LG, Bose, Samsung (Harman), Logitech (Jaybird), Sennheiser, Sonos, DEI, Vizio, Boston, Sony, Shure , Philips, YAMAHA, Jabra, Amazon, Google, Sony Corporation, DEI Holdings, Inc. ,Sennheiser Electronic GmbH & Co. KG, VIZIO, Inc. , VOXX International Corporation, Plantronics Inc., Ossic Corporation, Phazon, Trüsound Audio, Jam, Earin, Human, Bragi, Devialet , and Dali A/S and others.|
|Segments Covered||By Technology, By Functionality, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us firstname.lastname@example.orgJOIN US
BrandEssence® Market Research and Consulting Pvt ltd.
Kemp House, 152 - 160 City Road, London EC1V 2NX
© Copyright 2022-23 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®