The global market for wireless audio devices has made it possible to send and receive different audio signals using wireless technologies including Bluetooth, Wi-Fi, NFC, and AirPlay, among others. In 2022, it is expected that the market for wireless audio products will be valued at US$ 77,076.9 million. According to the prediction, sales of wireless audio equipment would be worth US$ 1,92,627.2 million in 2032 after growing at a CAGR of 9.60 percent.
There are many different kinds of wireless audio equipment on the market, including wireless earphones and headphones, portable speakers, sound bars, wireless home theatre systems, multi-room speakers, and others. The market’s main growth drivers are expanding infotainment device penetration, rising mobile device adoption, and rising applications of wireless audio devices in the business sector, among others.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-4563
Additionally, wireless audio equipment has uses in several industries, including consumer goods, transportation, business, security & defense, and others. In the consumer market, wireless audio accessories are used to support mobile devices including cellphones, laptops/computers, and game consoles.
The commercial sector includes wireless audio products used in businesses like offices, factories, and other commercial buildings including sports arenas, IT parks, universities, and government buildings. Additionally, the usage of wireless speakers, headphones, and other devices in cars, trucks, buses, and other vehicles has increased due to the widespread use of advanced driver assistance systems (ADAS), in-vehicle infotainment systems, and GPS devices.
Global Wireless Audio Products Market: Drivers and Challenges
Easy adoption of wireless audio products among the people is driven by advanced features offered in the wireless audio products such as flexible audio streaming, and product bundling, and, increasing disposable income among the population is also encouraging people to invest in luxury items such as wireless audio products.
A few other factors that positively impact the global wireless audio products market are advancements in audio technology and rising mobile device penetration which support the adoption of wireless speakers.
Stringent government regulations have been imposed regarding the frequency range of audio products.
A few other challenges faced by the vendors in the market include the threat of piracy, and lesser bandwidth of wireless connection. These are the factors that hinder the growth of the global wireless audio product market.
Ask for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-4563
Global Wireless Audio Products Market: Regional Outlook
Based on regions, the global wireless audio products market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East, and Africa.
North America is likely to continue its leading position over the forecast period. The growth of this regional market is largely fuelled by easy adoption and better disposable income among the population.
The continuous penetration of consumer electronics is among the key factors for the healthy pace of growth of the Asia Pacific market which has the highest potential.
Western Europe market holds a notable share in the global wireless audio products market as it is home to several key vendors for sound systems.
Global Wireless Audio Products Market: Competition Landscape
Some of the key players in the wireless audio products market are Logitech/ UE, Bose Corporation, Philips, B&O, B&W, Harman International, Samsung Electronics, Beats Audio (Apple Inc.), Sony Corporation, Sonos Inc., Denon, Yamaha
Key Segments Of The Wireless Audio Products Market
By Product Type:
- Headsets
- Headphones
- Microphones
- Speaker Systems
- Sound Bars
- Others
By Functionality:
- Wi-Fi
- Bluetooth
- Radio Frequency
- Bluetooth + Wi-Fi
- AirPlay
- Others
By Application:
- Consumer
- Home Audio
- Commercial
- Automotive
- Others
Report Customization available @
https://www.futuremarketinsights.com/customization-available/rep-gb-4563
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com