It is now feasible to send and receive various audio signals utilizing wireless technologies like Bluetooth, Wi-Fi, NFC, and AirPlay, among others, thanks to the global market for wireless audio devices. The market for wireless audio devices is projected to be worth USD 77,076.9 million in 2022. Sales of wireless audio equipment are expected to reach USD 1,92,627.2 million in 2032, with a compound annual growth rate (CAGR) of 9.60 percent.
Wireless headphones and earbuds, portable speakers, sound bars, wireless home theater systems, multi-room speakers, and more are among the various varieties of wireless audio equipment available on the market.
Additionally, wireless audio equipment has uses in a number of industries, including consumer goods, transportation, business, security defence, 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 flexile audio streaming, product bundling, and, increasing disposable income among the population is also encouraging people to invest in luxury items such as wireless audio products.
Few other factors that positively impact the global wireless audio products market are advancement in audio technology and rising mobile devices penetration which support adoption of wireless speakers.
Stringent government regulations have been imposed regarding the frequency range of audio products.
Few other challenges faced by the vendors in the market include threat of piracy, lesser bandwidth of wireless connection. These are the factors that hinder the growth of global wireless audio product market.
Global Wireless Audio Products Market: Regional Outlook
On the basis of regions, global wireless audio products market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and 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 for wireless audio products market are Logitech/ UE, Bose Corporation, Philips, BO, BW, 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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube