The latest report by IMARC, titled “Wireless Audio Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global wireless audio devices market size reached US$ 45.4 Billion by 2022. Wireless audio devices refer to electronic equipment which are used to transmit and receive numerous audio signals through wireless technologies, such as wi-fi, Bluetooth, and airplay. These systems are easy to install, convenient, and offer the same quality offered by traditional wired audio systems, while providing higher flexibility for speaker placement and installation. They are used for real-time wireless media streaming from audio-enables devices to output systems. Some commonly available wireless audio devices include microphones, headphones, speakers, audio systems, and sound bars. In recent years, wireless audio devices have gained traction due to the wide product employment in numerous industry verticals, such as consumer, commercial, automotive, and defense.
Global Wireless Audio Devices Market Trends:
One of the primary factors driving the market is the rising employment of infotainment devices. Additionally, the exponential growth in the electronics sector is creating a positive market outlook. Other than this, augmenting demand for mobility services on account of the need for effective connectivity and convenient access to information and resources, is positively influencing the market growth. Wireless audio devices also offer numerous benefits, such as portability, manageability, and remote accessibility for audio communication, thereby propelling the market growth. Furthermore, the rising adoption of smart devices, such as tablets, smartphones, laptops, streaming media players, and other gadgets, are leading to increased sales of wireless audio devices. Moreover, key players are introducing numerous product variants, such as the introduction of next-generation wireless audio systems, that can track health and fitness of the wearers and control home devices and connected electrical appliances. Other growth-inducing factors include expanding disposable income levels of the masses and extensive research and development (R&D) activities. Looking forward, IMARC Group expects the market value to reach US$ 116.4 Billion by 2028, expanding at a CAGR of 16.8% during the forecast period (2023-2028).
- On the basis of the product, the market has been divided into wireless headsets and microphones, wireless speaker systems, sound bars, and others.
- Based on technology, the market has been segmented into Bluetooth, wi-fi, airplay, and others.
- On the basis of the application, the market has been categorized into commercial, consumer, automotive, and others.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analzyed, with some of the key players being Apple Inc., Bose Corporation, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH & Co., Shure Incorporated, Sonos Inc., Sony Corporation, VIZIO Inc., and VOXX International Corporation.
|Base Year of the Analysis
||Product, Technology, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Apple Inc., Bose Corporation, Koninklijke Philips N.V, Samsung Electronics Co. Ltd., Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Sonos Inc., Sony Corporation, VIZIO Inc. and VOXX International Corporation.
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