Global Wireless Audio Devices Market Will Reach USD 52,081 Million by 2026
The global Wireless Audio Devices market is estimated to be USD 15,187 million in 2019 and is expected to reach USD 52,081 million by 2026, with a CAGR of 19.25% during the forecast period.
Wireless audio devices have emerged as an ideal alternative to traditional wired audio devices, owing to their portability, convenience, cost-effectiveness, efficiency, and flexibility.
Get FREE Sample of Wireless Audio Devices Market Report at:
Key Players:
Key players in the Wireless Audio Devices market include Bose, DEI, Harman, Koninklijke Philips, Sennheiser Electronic, Shure, Sony, Vizio, VOXX, Apple, LogiTech, Boston Acoustics, KLIPSCH, Sonos, YAMAHA, Plantronics, Polk Audio, and etc. Key players are adopting new product launch and product innovation as one of the key strategies to increase their market presence. For instance, market leaders introduced several devices which automatically syncs with their wireless counterparts.
Market Driver and Restraint
Increasing penetration of infotainment devices, rising adoption of mobile devices, and increasing applications of wireless audio devices in the commercial sector including, events, shows, call centers, and others are the key drivers of the market. Besides, increasing usage of wireless devices by security & defense sector are also anticipated to drive the market during the forecast period 2019-2026.
On the flip side, high development cost of wireless audio device is the major factor hindering the market growth in the forecast period. The vulnerability of the sound quality in Wi-Fi technology to the surrounding noise and strict governments’ regulations regarding the frequency range of audio devices which could affect hearing ability are also other factors majorly restraining the growth of the global wireless audio devices market. Nonetheless, persistent demand for wireless audio devices from the leisure and hospitality industries is believed to help industry players overcome these challenges in the near future.
Purchase a copy of Wireless Audio Devices report at:
Forecast by Geography
From a geographical perspective, the global wireless audio device market is spread across Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific region is the largest consumer of the global wireless audio device market, with sales accounting for 32.78% of the world, followed by North America and Europe, accounting for 28.95% and 25.16%, respectively.
The Asia Pacific region is a leader in the wireless audio equipment market owing to its well-established consumer electronics market. The economic growth and industrialization of countries such as India, China, Japan, and Singapore, and others are the major driver for the Asia-Pacific market. North America region follows close by, as developed financial strength of the area ensures a high demand for innovative products with technological superiority.
Type Segment Analysis
By product type, the Wireless Audio Devices market is segmented into Sound Bar, Wireless Speakers System, Headphone and Microphone, and Others. Wireless speaker systems are dominating the market and has generated USD 4.48 billion in 2016. Whereas, the sound bar is expected to grow with fastest growing 21.37 % CAGR.
Application Segment Analysis
The Wireless Audio Devices can be applied in a wide range of industries, such as Consumer and Home, Commercial, Automotive, and Others. Among these, the Consumer market segment consists of personal wireless audio devices being used as home appliances, such as Bluetooth Speakers and Wireless Multiroom Audio Systems. In the Automotive sector, Wireless audio devices are gaining popularity as customers adapt to listening to music on-the-go. Moreover, the Commercial segment leads by market share with the application of wireless microphones, speakers and PA systems in media and entertainment events like music concerts, news broadcasting, educational institutes and corporate meetings and conferences.
Ask for a discount at:
Target Audience:
Technology providers
Wireless Audio Devices manufacturers
Distributors and resellers of Wireless Audio Devices
Wireless Audio Devices industry associations
Product managers, Wireless Audio Devices industry administrator, C-level executives of the industries
Government agencies and NGOs
Market Research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Wireless Audio Devices Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Wireless Audio Devices Market by Types
4 Segmentation of Wireless Audio Devices Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Wireless Audio Devices Market in Major Countries
7 North America Wireless Audio Devices Landscape Analysis
8 Europe Wireless Audio Devices Landscape Analysis
9 Asia Pacific Wireless Audio Devices Landscape Analysis
10 Latin America, Middle East & Africa Wireless Audio Devices Landscape Analysis
11 Major Players Profile
11.1 Bose
11.1.1 Bose Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 DEI
11.3 Harman
11.4 Koninklijke Philips
11.5 Sennheiser Electronic
11.6 Shure
11.7 Sony
11.8 Vizio
11.9 VOXX
11.10 Apple
11.11 LogiTech
11.12 Boston Acoustics
11.13 KLIPSCH
11.14 Sonos
11.15 YAMAHA
11.16 Plantronics
11.17 Polk Audio
…
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
Contact:
Global Market Monitor
One Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,
NY 11201, USA
Phone: + 1 (347) 467 7721
Email: info@globalmarketmonitor.com
Web Site: https://www.globalmarketmonitor.com
We provide more professional and intelligent market reports to complement your business decisions.
Chinese