Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wireless Audio Speakers Market by Type (Bluetooth Technology, Wi-Fi Technology, Airplay Technology, Others), By Application (Home Audio, Commercial, Consumer, Automotive, Others (Security & Defense)) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wireless Audio Speakers Market by Type (Bluetooth Technology, Wi-Fi Technology, Airplay Technology, Others), By Application (Home Audio, Commercial, Consumer, Automotive, Others (Security & Defense)) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 324803 4200 Electronics & Semiconductor 377 242 Pages 4.5 (42)
                                          

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,.


Global Wireless Audio Speakers Industry Outlook


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:

  1. Logitech
  2. Texas Instruments
  3. Samsung
  4. Sony
  5. HP
  6. Creative
  7. LG
  8. Ultimate Ears
  9. Braven
  10. Philips
  11. Logitech
  12. Harman
  13. JBL
  14. Microchip Technology Inc.
  15. Yamaha
  16. Denon

Global Wireless Audio Speakers Market Overview


Highlights of The Wireless Audio Speakers Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Bluetooth Technology
    2. Wi-Fi Technology
    3. Airplay Technology
    4. Others
  1. By Application:

    1. Home Audio
    2. Commercial
    3. Consumer
    4. Automotive
    5. Others (Security & Defense)
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Wireless Audio Speakers Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

Our Trusted Clients

Contact Us