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Wireless Audio Device Market 2020 - Trends and Projected Industry Size by 2020 – 2027

Market Research Future published a research report on “Wireless Audio Device Market Research Report- Global Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Scope

Market Research Future (MRFR) asserts that the global market of wireless audio device is anticipated to expand at about 17% CAGR and value at USD 70 billion by 2027. The rise in the use of wireless audio devices is expected to make their market worldwide, gain.

Market Insights

Wireless audio devices offer greater flexibility in accessing them, which is expected to meet the elevating comfort threshold of people. These devices are connected using audio technologies, such as bluetooth, Wi-Fi, and airplay. The existence of robust network and connectivity infrastructure, across the world, is expected to support the global wireless audio device to gain grounds. The high degree of expandability offered by these devices is likely to promote the market growth. These devices are generally available in the form of bluetooth speakers, sound bars, headset, and microphones, which are handy by nature, hence portable. Thus, these benefits of wireless audio devices are expected to surge their global market. Wireless audio devices are gaining popularity across commercial sectors, such as media & entertainment. They are also observed to have immense application in corporate and sports events. Wireless accessories are deployed into consumer electronic products. The rise in world population is escalating the sales number of consumer electronics, which, in turn, can support the global Wireless Audio Device Market for expansion. These wireless devices are also likely to contribute significantly in the service and security & defence sectors. However, high development prices can interfere the market growth.

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Wireless Audio Device Global Market- Segmentation

The wireless audio device market is segmented by end product, user, and technology. By product, the market is segmented into wireless speaker systems, sound bars, wireless headsets, wireless microphone, and others. Wireless headsets and wireless microphones are trending, hence is expected to gain good amount of traction for the market. By technology, the market is segmented into Bluetooth, Wi-Fi, airplay, and, others. Wi-Fi is the most commonly used connectivity technology. The presence of strong network connectivity infrastructure is expected to propel the market growth. By end-users, the market is classified into electronics, commercial, security automotive, defence, telecommunication, and others. In the automotive industry, followed by telecom industry are primary end-users of wireless audio devices.

Key Players

Some of the major players in global Wireless Audio Devices Market include Sony Corporation (Japan), Bose Corporation (U.S.), Sennheiser Electronic Gmbh & Company Kg (Germany), LG Electronics (South Korea), Sonos, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Vizio Holdings, Inc. (U.S.), Apple Inc. (U.S.), Voxx International Corporation (U.S.), and Samsung Electronics Co., Ltd (South Korea).

Wireless Audio Device Global Market- Regional Analysis

The North America wireless audio device market is likely to spearhead in the growth line of the global market. The US market to show high growth rate in North America region as it is expected to thrive at a CAGR of 16% during the forecast years of 2015 to 2027. The early adoption of modern technology due to the presence of tech-savy people present in the region and continuous technical upgradations are likely to spur the regional market growth. In Asia Pacific, the availability of affordable consumer equipment and extensive use of smartphones are likely to be major drivers of the APAC market.

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List of Figures

Figure 1 Global Wireless Audio Device Market: Drivers & Restraint

Figure 2 Global Wireless Audio Device Market Supply Chain

Figure 3 Global Wireless Audio Device Market: Porter’s Five Forces Analysis

Figure 4 Global Wireless Audio Device Market, By Product, 2016 & 2027 (Usd Billion)

Figure 5 Global Wireless Speaker System Market, 2016-2027 (Usd Billion)

Figure 6 Global Wireless Headsets Market, 2016-2027 (Usd Billion)

Figure 7 Global Sound Bars Market, 2016-2027 (Usd Billion)

Figure 8 Global Wireless Microphones Marekt, 2016-2027 (Usd Billion)

Figure 9 Global Wireless Audio Device Market, By Technology, 2016- 2027 (Usd Billion)

Figure 10 Global Bluetooth Technology Wireless Audio Device Market, 2016-2027 (Usd Billion)


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