Market Overview:
The global wireless audio speakers 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 portable and wireless audio devices, rising disposable income of consumers, and growing trend of home automation. Based on type, the global wireless audio speakers market is segmented into Bluetooth technology, Wi-Fi technology, Airplay technology, and others. The Bluetooth technology segment is expected to hold the largest share in terms of revenue in 2018 owing to its low cost and easy connectivity with a wide range of devices. However, the Wi-Fi technology segment is projected to grow at a higher CAGR during the forecast period as it offers high bandwidth and faster data transfer rates as compared to other technologies. Based on application, the global wireless audio speakers market is divided into home audio, commercial applications such as retail stores & restaurants,, consumer applications such as personal computers & laptops,, automotive applications such as infotainment systems & rear seat entertainment systems,, and others including security & defense). Among these segments, home audio held majority share in 2017 due rising adoption rate for smart homes across different regions worldwide. However,.
Product Definition:
Wireless Audio Speakers are a type of audio speaker that does not require any physical connection between the speaker and the sound source. They transmit audio signals wirelessly, typically via Bluetooth or Wi-Fi. Wireless Audio Speakers have become increasingly popular in recent years due to their convenience and portability. They are perfect for use in small spaces where traditional wired speakers would be difficult to install, and many models feature rechargeable batteries so they can be taken on the go.
Bluetooth Technology:
Bluetooth technology is a short-range wireless technology for connecting electronic devices, such as computers, tablets, and smartphones. It provides a means to connect compatible audio devices wirelessly and allows the user to stream audio from their Bluetooth-enabled device through wireless speakers.
The major driving factors responsible for the growth of Bluetooth Technology in Wireless Audio Speakers market are increasing adoption of wireless speaker systems in home entertainment.
Wi-Fi Technology:
Wi-Fi (Wireless Fidelity) is a wireless technology used in portable devices, computers, and home appliances. It helps transfer data over short distances using radio waves. Wi-Fi Alliance calls the set of protocols and technologies "Wi-Fi" for consistency with its member companies' branding.
Application Insights:
The home audio application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growing adoption of wireless speakers in smart homes is one of the major factors driving their demand. Consumers are opting for smart devices as they offer enhanced features, which include music control, internet connectivity and compatibility with various operating systems across different smartphones and tablets. Moreover, these devices work well both indoor and outdoor thereby making them a preferred choice among consumers.
The commercial application segment is expected to witness significant growth over the forecast period owing to rising adoption by prominent hospitality brands including Hilton Hotels International, Inc., Taj Group of hotels; Marriott International, Inc.; Ritz-Carlton Companies; The St Andrews Collection; EDITION Hotel Management GmbH & Co KGaA; Country Inn & Suites By Carlson LLC.; Hyatt Hotels Corporation; Dusit Resort Properties Plc among others.
Regional Analysis:
The Asia Pacific regional market is anticipated to emerge as a dominant player in the global arena. The region accounted for over 40% of the overall revenue share in 2017 and is projected to continue its dominance through the forecast period. This can be attributed to increasing disposable income, growing population, improving standards of living, and rising adoption of wireless technology across various application segments including home audio & home automation; commercial; consumer electronics such as smartphones and tablets; automobiles; among others.
North America was estimated to be the second-largest regional market in 2017 owing to early adoption by consumers coupled with high demand from sectors including automotive (headphones) and consumer electronics (speakers). Europe also held a significant share due early adoption by countries like Germany that accounts for majority sales within this region.
Growth Factors:
- Increasing demand for wireless audio speakers in the commercial sector as a result of growing trend of BYOD (Bring Your Own Device) and increasing demand for portable and wireless devices.
- Rising disposable income of consumers coupled with changing lifestyle trends is expected to boost the demand for wireless audio speakers over the forecast period.
- Growing popularity of home-theater systems and sound bars is also anticipated to drive the growth of global wireless audio speaker market during the forecast period.
- Proliferation of digital streaming services such as Spotify, Apple Music, Google Play Music, etc., is also expected to fuel the growth prospects for global wireless audio speaker market in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Audio Speakers Market Research Report
By Type
Bluetooth Technology, Wi-Fi Technology, Airplay Technology, Others
By Application
Home Audio, Commercial, Consumer, Automotive, Others (Security & Defense)
By Companies
Logitech, Texas Instruments, Samsung, Sony, HP, Creative, LG, Ultimate Ears, Braven, Philips, Logitech, Harman, JBL, Microchip Technology Inc., Yamaha, Denon
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Audio Speakers Market Report Segments:
The global Wireless Audio Speakers market is segmented on the basis of:
Types
Bluetooth Technology, Wi-Fi Technology, Airplay Technology, Others
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
Home Audio, Commercial, Consumer, Automotive, Others (Security & Defense)
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:
- Logitech
- Texas Instruments
- Samsung
- Sony
- HP
- Creative
- LG
- Ultimate Ears
- Braven
- Philips
- Logitech
- Harman
- JBL
- Microchip Technology Inc.
- Yamaha
- Denon
Highlights of The Wireless Audio Speakers 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:
- Bluetooth Technology
- Wi-Fi Technology
- Airplay Technology
- Others
- By Application:
- Home Audio
- Commercial
- Consumer
- Automotive
- Others (Security & Defense)
- 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 Speakers 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 Speakers are a type of speaker that does not use any wires to connect to an audio source. They typically use radio waves or infrared signals to transmit sound from the speaker to the listener. This makes them convenient and easy to use, as there is no need for an extra cable or wire connection.
Some of the major companies in the wireless audio speakers market are Logitech, Texas Instruments, Samsung, Sony, HP, Creative, LG, Ultimate Ears, Braven, Philips, Logitech, Harman, JBL, Microchip Technology Inc., Yamaha, Denon.
The wireless audio speakers 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 Speakers 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 Speakers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wireless Audio Speakers 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 Speakers 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 Speakers Market Size & Forecast, 2020-2028 4.5.1 Wireless Audio Speakers Market Size and Y-o-Y Growth 4.5.2 Wireless Audio Speakers 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 Bluetooth Technology
5.2.2 Wi-Fi Technology
5.2.3 Airplay Technology
5.2.4 Others
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 Home Audio
6.2.2 Commercial
6.2.3 Consumer
6.2.4 Automotive
6.2.5 Others (Security & Defense)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Audio Speakers 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 Speakers 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 Bluetooth Technology
9.6.2 Wi-Fi Technology
9.6.3 Airplay Technology
9.6.4 Others
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 Home Audio
9.10.2 Commercial
9.10.3 Consumer
9.10.4 Automotive
9.10.5 Others (Security & Defense)
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 Bluetooth Technology
10.6.2 Wi-Fi Technology
10.6.3 Airplay Technology
10.6.4 Others
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 Home Audio
10.10.2 Commercial
10.10.3 Consumer
10.10.4 Automotive
10.10.5 Others (Security & Defense)
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 Bluetooth Technology
11.6.2 Wi-Fi Technology
11.6.3 Airplay Technology
11.6.4 Others
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 Home Audio
11.10.2 Commercial
11.10.3 Consumer
11.10.4 Automotive
11.10.5 Others (Security & Defense)
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 Bluetooth Technology
12.6.2 Wi-Fi Technology
12.6.3 Airplay Technology
12.6.4 Others
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 Home Audio
12.10.2 Commercial
12.10.3 Consumer
12.10.4 Automotive
12.10.5 Others (Security & Defense)
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 Bluetooth Technology
13.6.2 Wi-Fi Technology
13.6.3 Airplay Technology
13.6.4 Others
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 Home Audio
13.10.2 Commercial
13.10.3 Consumer
13.10.4 Automotive
13.10.5 Others (Security & Defense)
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 Speakers Market: Competitive Dashboard
14.2 Global Wireless Audio Speakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Logitech
14.3.2 Texas Instruments
14.3.3 Samsung
14.3.4 Sony
14.3.5 HP
14.3.6 Creative
14.3.7 LG
14.3.8 Ultimate Ears
14.3.9 Braven
14.3.10 Philips
14.3.11 Logitech
14.3.12 Harman
14.3.13 JBL
14.3.14 Microchip Technology Inc.
14.3.15 Yamaha
14.3.16 Denon