Market Overview:
The global wireless audio market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wireless audio devices, such as sound bars and wireless speakers, wireless headphones and earphones, and wireless microphones. Additionally, the growing demand for these devices from commercial applications is also contributing to the growth of this market. In terms of type, the global wireless audio market is segmented into sound bars and wireless speakers, Wireless headphones& Earphones ,and Wireless Microphone .
Product Definition:
Wireless audio is the transmission of audio signals without using wires. This can be done through a variety of means, including Bluetooth, RFID, and ultrasound. Wireless audio has many benefits, including convenience and portability. It is also often easier to set up than wired systems.
Sound Bar and Wireless Speakers:
Sound bar is a device that reproduces sound from television, gaming consoles, and other entertainment devices. It's main function is to extend the audio output of devices without using any cables.
Wireless Headphones& Earphones:
Wireless headphones and earphones are electronic devices that receive audio signals from a wireless source without any wire connecting the two components. The technology used in these products is based on radio frequency (RF) waves. A wireless headset has several advantages over wired headsets including lessening of external interference, greater portability, no connection to an audio device during transmission, and hassle-free use.
Application Insights:
The consumer and home segment accounted for the largest revenue share in 2017. The growing demand for wireless speakers, headphones, and microphones at homes is fueling the growth of this segment. Consumers prefer to purchase products that offer superior sound quality as well as enhance their music and audio experience. Furthermore, increasing adoption of smart features such as voice assistance, touch controls, etc., has increased the demand for in-built speakers over recent years. This trend will fuel market growth further during the forecast period.
The commercial application segment is expected to witness significant growth over the coming years owing to rising adoption of wireless systems by various institutions including hotels/resorts/convention centers.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing penetration of advanced technologies, rising disposable income, and growing popularity of outdoor activities such as camping and hiking. Europe also held a significant share in the industry owing to high demand for wireless audio systems from countries such as Germany, U.K.
Growth Factors:
- Increasing demand for wireless audio devices from the consumer electronics segment.
- Proliferation of smart devices and the growing trend of IoT is expected to drive the demand for wireless audio devices in the coming years.
- Rising disposable income and changing lifestyle of consumers is propelling the growth of global wireless audio market.
- Growing popularity of online music streaming services is also contributing to the growth of this market.
- The increasing demand for home entertainment systems is fueling the growth prospects for global wireless audio market
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Audio Market Research Report
By Type
Sound Bar and Wireless Speakers, Wireless Headphones& Earphones, Wireless Microphone
By Application
Consumer and Home, Commercial, Automotive, Others
By Companies
Apple (Beats), LG, Bose, SAMSUNG (Harman), Logitech (Jaybird), Plantronics, Sennheiser, Sonos, DEI, Vizio, Boston, Sony, Shure, VOXX, Philips, YAMAHA, Jabra, Amazon, Google
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Audio Market Report Segments:
The global Wireless Audio market is segmented on the basis of:
Types
Sound Bar and Wireless Speakers, Wireless Headphones& Earphones, Wireless Microphone
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer and Home, Commercial, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple (Beats)
- LG
- Bose
- SAMSUNG (Harman)
- Logitech (Jaybird)
- Plantronics
- Sennheiser
- Sonos
- DEI
- Vizio
- Boston
- Sony
- Shure
- VOXX
- Philips
- YAMAHA
- Jabra
- Amazon
- Google
Highlights of The Wireless Audio Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sound Bar and Wireless Speakers
- Wireless Headphones& Earphones
- Wireless Microphone
- By Application:
- Consumer and Home
- Commercial
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wireless Audio Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wireless audio is a technology that allows audio to be transmitted between two or more devices without the use of cables. This can be done through the use of radio waves, infrared signals, or Bluetooth connections. Wireless audio can provide a more convenient and seamless experience when compared to traditional methods of listening to music, making it an attractive option for users who are constantly on the go.
Some of the major companies in the wireless audio market are Apple (Beats), LG, Bose, SAMSUNG (Harman), Logitech (Jaybird), Plantronics, Sennheiser, Sonos, DEI, Vizio, Boston, Sony, Shure, VOXX, Philips, YAMAHA, Jabra, Amazon, Google.
The wireless audio market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Audio Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wireless Audio Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wireless Audio Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wireless Audio Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wireless Audio Market Size & Forecast, 2020-2028
4.5.1 Wireless Audio Market Size and Y-o-Y Growth
4.5.2 Wireless Audio Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sound Bar and Wireless Speakers
5.2.2 Wireless Headphones& Earphones
5.2.3 Wireless Microphone
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer and Home
6.2.2 Commercial
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Audio Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wireless Audio Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sound Bar and Wireless Speakers
9.6.2 Wireless Headphones& Earphones
9.6.3 Wireless Microphone
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer and Home
9.10.2 Commercial
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sound Bar and Wireless Speakers
10.6.2 Wireless Headphones& Earphones
10.6.3 Wireless Microphone
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer and Home
10.10.2 Commercial
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sound Bar and Wireless Speakers
11.6.2 Wireless Headphones& Earphones
11.6.3 Wireless Microphone
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer and Home
11.10.2 Commercial
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sound Bar and Wireless Speakers
12.6.2 Wireless Headphones& Earphones
12.6.3 Wireless Microphone
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer and Home
12.10.2 Commercial
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sound Bar and Wireless Speakers
13.6.2 Wireless Headphones& Earphones
13.6.3 Wireless Microphone
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer and Home
13.10.2 Commercial
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wireless Audio Market: Competitive Dashboard
14.2 Global Wireless Audio Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple (Beats)
14.3.2 LG
14.3.3 Bose
14.3.4 SAMSUNG (Harman)
14.3.5 Logitech (Jaybird)
14.3.6 Plantronics
14.3.7 Sennheiser
14.3.8 Sonos
14.3.9 DEI
14.3.10 Vizio
14.3.11 Boston
14.3.12 Sony
14.3.13 Shure
14.3.14 VOXX
14.3.15 Philips
14.3.16 YAMAHA
14.3.17 Jabra
14.3.18 Amazon
14.3.19 Google
