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Market HighlightsConsumer electronics is a profitable industry which is constantly growing as companies develop new products and technologies in the market. For instance, smart television, wireless headphones, Bluetooth speakers are a part of this segment. The growing population, increasing consumer preferences for wireless accessories and evolution of new technologies in the market is boosting the growth of consumer electronics segment. For instance, wireless headsets include a speaker and a microphone which are commonly used during any digital communication. In U.S., 40% of population uses wireless headphones on portable devices which is expected to increase in the coming future.
Increasing penetration of wireless devices in commercial and consumer electronics sector, and increasing usage of wireless devices by security & defence sector are expected to drive the market during the forecast period 2016-2027. However, high development cost of wireless audio device is the major factor hindering the market growth.
The Global Wireless Audio Device Market is growing rapidly over 17% of CAGR and is expected to reach at USD ~70 billion by the end of forecast period 2027.
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Taste the market data and market information presented through more than 30 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Wireless Audio Device Market Research Report -Forecast to 2027”.
Key Players
Some of the major players in global Wireless Audio Device 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).
Competitive Analysis
The active incorporation of supply chain management is progressively improving the growth of the market. The critical success factors in the market are easily achieved in the market leading to an elevated pace of development in the forecast period. The enhanced level of importance on the variation of products is raising the number of customers in the market considerably. The long term viability of the market is highly dependent on the techniques and the strategic roadmaps that are engaged by market players. The innovation in products and services of the markets will alter the progression of the market substantially. The market appeal and competitors’ tendencies are markedly enhanced by the strategies that are being used by market players. The market is meaningfully elevated by the developments that are occurring in the market.
Segmental Analysis
The wireless audio device market globally is segmented on the basis of end user, product and technology. By Product, the market segmentation comprises of wireless headsets, sound bars, wireless speaker systems, and wireless microphone among others. By Technology, the market is segmented on the basis of Wi-Fi, Bluetooth, Airplay and, others. By End Users, the market consists of electronics, automotive, commercial, telecommunication, security & defense among others.
Detailed Regional Analysis
The regional analysis of the market states that the North American region is heading the growth of the wireless audio device market followed by Asia Pacific and European region. The availability of inexpensive consumer equipment and rising trend of smart phones are the growth driving factors of the wireless audio device market in the North American region. The US market in the North America region is the foremost economy in the wireless audio device market and is anticipated to develop with a CAGR of more than 16 percent through the forecasted period. While, the Asia Pacific region is anticipated to increase at a high rate to rising advancement in the technology and increasing demand and adoption of smartphones in the region.
Industry Updates:
GENKI has launched a pioneering Bluetooth audio transmitter made to be adaptable to the USB Type-C standard. GENKI gives also allows the wireless pairing of Bluetooth headphones which delivers high quality audio with zero latency, up to a distance of 60 feet.
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Intended Audience
• Music and stereo companies
• Smartphone and audio device manufacturers
• Research
• Financial institutes
• Government
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Organization: Market Research Future
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