The global Wireless Audio market will register a 2.9% CAGR in terms of revenue, the market size will reach USD 21.55 billion by 2027.
The commercial sector's increased use of wireless audio equipment is propelling market expansion. Wireless audio devices are used for a variety of reasons in industries such as media and entertainment, education, and business, including conferences, meetings, sporting events, and news broadcasts. The market is growing due to increased R&D expenditures by Original Equipment Manufacturers (OEMs) for the development of new and better wireless audio equipment. The market is expanding due to rising demand for wireless audio devices for information and entertainment. Real-time audio is sent on a regular and convenient basis. For optimal awareness, keep ears away from buds.
The Wireless Audio industry has historically had a rapid growth driven primarily by growth in smartphones and tablets. Other driving factors include the development of Bluetooth and WIFI technology. Bluetooth and WIFI have become basic functionality in audio products.
Meanwhile, with the growth of smartphone shipments in Asia, Wireless Audio will have a fast growth in Asia region, the ODMs may elect to manufacture their own products that are similar to original brand. It will increase the additional competition from these companies, principally located in or originating from the Asia Pacific region, which offer very low-cost products, including products modeled on, direct copies of, or counterfeits products. It will lead to cause market pricing pressure, customer dissatisfaction and harm to reputation and brand name.
Top Key Players in the Wireless Audio Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Wireless Audio Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Apple (Beats), LG, Bose, SAMSUNG(Harman), Logitech?Jaybird?, Plantronics, Sennheiser, Sonos, DEI, Vizio, Boston, Sony, Shure, VOXX, Philips, YAMAHA, Jabra, Amazon, Google and others.
Industry News and Updates:
2014—Apple today announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
North America accounts for the broad market revenue due to rapid industrialization, the presence of major vendors, the tech-savvy generation, increased disposable income, and the growth of wireless audio devices across various organizations.
North America
The Wireless Audio Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Wireless Audio Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Report Title | Wireless Audio Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Apple (Beats), LG, Bose, SAMSUNG(Harman), Logitech?Jaybird |
Forecast Period 2022 to 2028 CAGR | CAGR of 2.9% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Apple (Beats), LG, Bose, SAMSUNG(Harman), Logitech?Jaybird?, Plantronics, Sennheiser, Sonos, DEI, Vizio, Boston, Sony, Shure, VOXX, Philips, YAMAHA, Jabra, Amazon, Google and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 133 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Wireless Audio Market is studied from 2017 - 2027.
What is the growth rate of Wireless Audio Market?
The Wireless Audio Market is growing at a CAGR of 2.9% over the next 5 years.
Who are the key players in Wireless Audio Market?
Apple (Beats), LG, Bose, SAMSUNG(Harman), Logitech?Jaybird?, Plantronics, Sennheiser, Sonos, DEI, Vizio, Boston, Sony, Shure, VOXX, Philips, YAMAHA, Jabra, Amazon, Google and others.
What regions does this Wireless Audio Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Wireless Audio Market?
Sound Bar and Wireless Speakers, Wireless Headphones& Earphones, Wireless Microphone
What are the major end-use applications of the Wireless Audio Market?
Consumer and Home, Commercial, Automotive, Others
All our reports are customizable to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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