Market Overview:
The global wireless audio device 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 from consumers and commercial establishments. In addition, the growing trend of using portable and wireless audio devices is also contributing to the growth of this market. The global wireless audio device market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into sound bars and wireless speakers, wireless headphones& earphones, Wireless microphone, and others. The sound bars and Wireless Speakers segment is expected to account for a major share in terms of revenue in 2018 owing to their growing popularity among consumers across different regions worldwide.
Product Definition:
A wireless audio device is a piece of technology that allows users to stream music or other audio content from one device to another without the use of cables. This can be useful for listening to music in different rooms, or for sharing audio with friends or family members. Some wireless audio devices also include features like built-in speakers, which can make them a convenient replacement for traditional stereo systems.
Sound Bar and Wireless Speakers:
Sound bar is a device that reproduces sound from television, gaming consoles, and computers through wireless speakers. The primary function of sound bar is to enhance the audio quality of entertainment systems without using any cables. It works on the principle of reflecting the audio waves back to their source which then produces audible output.
The global sound bar and wireless speakers market size was valued at USD 2,867.1 million in 2016.
Wireless Headphones& Earphones:
Wireless headphones and earphones are electronic devices that are connected by wireless means. The technology used in these products is based on Bluetooth (BT), NFC, Wi-Fi, or any other protocol. They can be classified into in-ear monitors and over the ear monitors according to the way they are worn on the body.
Application Insights:
The consumer and home application segment accounted for the largest revenue share of over 60% 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 from well-established brands with a good track record; hence, companies are investing heavily in order to gain a competitive edge by launching innovative products that deliver superior sound quality. For instance, Bose Corporation has introduced several audio devices including noise cancellation headphones and speakers under its latest line of product titled as ¢â‚¬ËœSoundTrue¢â‚¬â„¢ series.
The commercial application segment is expected to witness significant growth over the forecast period owing to increasing adoption across various industries such as hospitality, corporate meeting & events management facilities etc.
Regional Analysis:
The Asia Pacific regional market is anticipated to emerge as a predominant region over the forecast period. The growth can be attributed to increasing penetration of advanced wireless audio devices in emerging countries, such as India and China. Furthermore, rising disposable income levels and changing lifestyles are expected to drive the demand for wireless speakers in this region. Europe is also estimated to witness considerable growth over the coming years owing to increased adoption of sound bars among consumers across various countries, such as Germany, U.K.
North America accounted for more than 25% of global market share in 2017 owing to high product penetration driven by early technology adoptership coupled with high disposable income level associated with urbanization trends observed across U.S., Mexico Canada).
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 device market.
- Growing popularity of outdoor activities and increasing number of music festivals are also contributing to the growth of this market.
- Technological advancements in terms5, Wireless Audio Device market is expected to grow at a CAGR
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Audio Device Market Research Report
By Type
Sound Bar and Wireless Speakers, Wireless Headphones& Earphones, Wireless Microphone, Others
By Application
Consumer and Home, Commercial, Automotive, Other Applications
By Companies
Apple(Beats), SAMSUNG(Harman), Google, Amazon, Sonos, Bose, Shure, Sennheiser, Sony, GN(Jabra/Vxi), LG, Plantronics, Philips, VOXX, Alibaba, YAMAHA, Xiaomi
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Audio Device Market Report Segments:
The global Wireless Audio Device market is segmented on the basis of:
Types
Sound Bar and Wireless Speakers, Wireless Headphones& Earphones, Wireless Microphone, 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
Consumer and Home, Commercial, Automotive, Other Applications
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)
- SAMSUNG(Harman)
- Google
- Amazon
- Sonos
- Bose
- Shure
- Sennheiser
- Sony
- GN(Jabra/Vxi)
- LG
- Plantronics
- Philips
- VOXX
- Alibaba
- YAMAHA
- Xiaomi
Highlights of The Wireless Audio Device 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
- Others
- By Application:
- Consumer and Home
- Commercial
- Automotive
- Other Applications
- 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 Device 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?
A wireless audio device is a small, portable speaker that can be used to listen to music or audio books wirelessly.
Some of the major players in the wireless audio device market are Apple(Beats), SAMSUNG(Harman), Google, Amazon, Sonos, Bose, Shure, Sennheiser, Sony, GN(Jabra/Vxi), LG, Plantronics, Philips, VOXX, Alibaba, YAMAHA, Xiaomi.
The wireless audio device market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireless Audio Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wireless Audio Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wireless Audio Device Market - Supply Chain
4.5. Global Wireless Audio Device Market Forecast
4.5.1. Wireless Audio Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wireless Audio Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wireless Audio Device Market Absolute $ Opportunity
5. Global Wireless Audio Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wireless Audio Device Market Size and Volume Forecast by Type
5.3.1. Sound Bar and Wireless Speakers
5.3.2. Wireless Headphones& Earphones
5.3.3. Wireless Microphone
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wireless Audio Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wireless Audio Device Market Size and Volume Forecast by Application
6.3.1. Consumer and Home
6.3.2. Commercial
6.3.3. Automotive
6.3.4. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wireless Audio Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wireless Audio Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wireless Audio Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wireless Audio Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wireless Audio Device Demand Share Forecast, 2019-2026
9. North America Wireless Audio Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wireless Audio Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wireless Audio Device Market Size and Volume Forecast by Application
9.4.1. Consumer and Home
9.4.2. Commercial
9.4.3. Automotive
9.4.4. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wireless Audio Device Market Size and Volume Forecast by Type
9.7.1. Sound Bar and Wireless Speakers
9.7.2. Wireless Headphones& Earphones
9.7.3. Wireless Microphone
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wireless Audio Device Demand Share Forecast, 2019-2026
10. Latin America Wireless Audio Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wireless Audio Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wireless Audio Device Market Size and Volume Forecast by Application
10.4.1. Consumer and Home
10.4.2. Commercial
10.4.3. Automotive
10.4.4. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wireless Audio Device Market Size and Volume Forecast by Type
10.7.1. Sound Bar and Wireless Speakers
10.7.2. Wireless Headphones& Earphones
10.7.3. Wireless Microphone
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wireless Audio Device Demand Share Forecast, 2019-2026
11. Europe Wireless Audio Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wireless Audio Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wireless Audio Device Market Size and Volume Forecast by Application
11.4.1. Consumer and Home
11.4.2. Commercial
11.4.3. Automotive
11.4.4. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wireless Audio Device Market Size and Volume Forecast by Type
11.7.1. Sound Bar and Wireless Speakers
11.7.2. Wireless Headphones& Earphoes
11.7.3. Wireless Microphone
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wireless Audio Device Demand Share, 2019-2026
12. Asia Pacific Wireless Audio Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wireless Audio Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wireless Audio Device Market Size and Volume Forecast by Application
12.4.1. Consumer and Home
12.4.2. Commercial
12.4.3. Automotive
12.4.4. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wireless Audio Device Market Size and Volume Forecast by Type
12.7.1. Sound Bar and Wireless Speakers
12.7.2. Wireless Headphones& Earphones
12.7.3. Wireless Microphone
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wireless Audio Device Demand Share, 2019-2026
13. Middle East & Africa Wireless Audio Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wireless Audio Device Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wireless Audio Device Market Size and Volume Forecast by Application
13.4.1. Consumer and Home
13.4.2. Commercial
13.4.3. Automotive
13.4.4. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wireless Audio Device Market Size and Volume Forecast by Type
13.7.1. Sound Bar and Wireless Speakers
13.7.2. Wireless Headphones& Earphones
13.7.3. Wireless Microphone
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wireless Audio Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wireless Audio Device Market: Market Share Analysis
14.2. Wireless Audio Device Distributors and Customers
14.3. Wireless Audio Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Apple(Beats)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SAMSUNG(Harman)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Google
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Amazon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sonos
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bose
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shure
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sennheiser
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sony
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GN(Jabra/Vxi)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. LG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Plantronics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Philips
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. VOXX
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Alibaba
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. YAMAHA
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xiaomi
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
