Wireless Audio Device Market Overview
Wireless audio devices such as headsets and headphones are used in consumer electronics such as computers, gaming consoles, and smartphones. The growing popularity of technologically superior mobile phones and smartphones has increased the demand for wireless audio devices all over the world. People with more disposable income are now wanting to purchase high-end audio gear to have a more immersive audio experience. The global Wireless Audio Device market is expected to rise at a considerable rate in the forthcoming years.
Developing countries such as India and China are experiencing massive growth in smartphone sales. This along with the growing penetration of the internet is anticipated to pave way for more personalized content consumption. This factor contributes to the growth of the global wireless audio devices market. The increasing use of smartphones and tablets has had a significant impact on customer behavior in the audio business. This will increase the global audio devices market's prospects. The increasing demand for infotainment in the automotive industry has translated into bigger sales of wireless audio devices. Hence, demand from Automotive Industry creates lucrative opportunities for Wireless Audio Devices Market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Technology, Application, Functionality, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Bose Corporation, UE (Logitech), Sony Corporation, Samsung Electronics Co. Ltd, Apple, Harman International Industries, Sonos, SoundUnited, Sennheiser, Vizio, VOXX International, Zound Industries. |
Covid-19 Impact on Wireless Audio Device Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Wireless Audio Device Market Segment Overview
Based on Technology, the Bluetooth segment is projected to account for the largest share in the wireless audio device market in the forecast period. Audio streaming in wireless audio devices used in consumer electronics is carried out using Bluetooth technology. The growth of this segment can be mainly attributed to the initiatives undertaken by manufacturers to upsurge the throughput of wireless audio devices equipped with Bluetooth technology that is used in consumer electronics.
Wireless Audio Device Market, By Product
· Earphones
· Headphones
· True Wireless Hearables/Earbuds
· Speaker Systems
· Soundbars
· Headsets
· Microphones
Wireless Audio Device Market, By Technology
· Bluetooth
· Wi-Fi
· Bluetooth+Wi-Fi
· Airplay
· Others
Wireless Audio Device Market, By Application
· Home Audio
· Commerical
· Consumer
· Automotive
· Others
Wireless Audio Device Market, By Functionality
· Smart Devices
· Non-smart Devices
Wireless Audio Device Market Regional Overview
In terms of region, North America and Europe are the most prominent regions for the global wireless audio devices market. The United States has always been the initial adopter of any new technology, therefore providing comparatively better opportunities for the large-scale deployment of wireless audio devices. Further, in Europe, the market will gain from the growing demand for smart homes. The wireless audio devices market in Europe is expected to rise at a moderate pace in the forecast period. Again, the market in the Asia Pacific is projected to grow at a significant rate in the coming years. Enterprises operating in the global wireless audio devices market are increasingly focusing on expanding their reach in developing countries such as India and China, considering the strong demand witnessed in these nations.
Wireless Audio Device Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Wireless Audio Device Market, Key Players
· Bose Corporation
· UE (Logitech)
· Sony Corporation
· Samsung Electronics Co. Ltd
· Apple
· Harman International Industries
· Sonos
· SoundUnited
· Sennheiser
· Vizio
· VOXX International
· Zound Industries
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Wireless Audio Device market?
The growing popularity of technologically superior mobile phones and smartphones has increased the demand for wireless audio devices all over the world. This key factor boosts the growth of the global Wireless Audio Device market.
Q2. Which Segments are covered in the Wireless Audio Device Market report?
Product, Technology, Application, Functionality, and Region these segments are covered in the Wireless Audio Device market report.
Q3. Which segment is projected to hold the largest share in the Wireless Audio Device Market?
The Bluetooth segment is projected to hold the largest share in the Wireless Audio Device Market.
Q4. Which region holds the largest share in the Wireless Audio Device market?
North America held the largest share in the global Wireless Audio Device market.
Q5. Which are the prominent players in the Wireless Audio Device Market?
Bose Corporation, UE (Logitech), Sony Corporation, Samsung Electronics Co. Ltd, Apple, Harman International Industries, Sonos, SoundUnited, Sennheiser, Vizio, VOXX International, Zound Industries. are some key players in the Wireless Audio Device Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Wireless Audio Device Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Earphones
- 5.2.2. Headphones
- 5.2.3. True Wireless Hearables/Earbuds
- 5.2.4. Speaker Systems
- 5.2.5. Soundbars
- 5.2.6. Headsets
- 5.2.7. Microphones
- 5.3. Market Analysis, Insights and Forecast – By Technology
- 5.3.1. Bluetooth
- 5.3.2. Wi-Fi
- 5.3.3. Bluetooth+Wi-Fi
- 5.3.4. Airplay
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Home Audio
- 5.4.2. Commerical
- 5.4.3. Consumer
- 5.4.4. Automotive
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast – By Functionality
- 5.5.1. Smart Devices
- 5.5.2. Non-smart Devices
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Wireless Audio Device Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Earphones
- 6.2.2. Headphones
- 6.2.3. True Wireless Hearables/Earbuds
- 6.2.4. Speaker Systems
- 6.2.5. Soundbars
- 6.2.6. Headsets
- 6.2.7. Microphones
- 6.3. Market Analysis, Insights and Forecast – By Technology
- 6.3.1. Bluetooth
- 6.3.2. Wi-Fi
- 6.3.3. Bluetooth+Wi-Fi
- 6.3.4. Airplay
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Home Audio
- 6.4.2. Commerical
- 6.4.3. Consumer
- 6.4.4. Automotive
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By Functionality
- 6.5.1. Smart Devices
- 6.5.2. Non-smart Devices
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Wireless Audio Device Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Earphones
- 7.2.2. Headphones
- 7.2.3. True Wireless Hearables/Earbuds
- 7.2.4. Speaker Systems
- 7.2.5. Soundbars
- 7.2.6. Headsets
- 7.2.7. Microphones
- 7.3. Market Analysis, Insights and Forecast – By Technology
- 7.3.1. Bluetooth
- 7.3.2. Wi-Fi
- 7.3.3. Bluetooth+Wi-Fi
- 7.3.4. Airplay
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Home Audio
- 7.4.2. Commerical
- 7.4.3. Consumer
- 7.4.4. Automotive
- 7.4.5. Others
- 7.5. Market Analysis, Insights and Forecast – By Functionality
- 7.5.1. Smart Devices
- 7.5.2. Non-smart Devices
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Wireless Audio Device Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Earphones
- 8.2.2. Headphones
- 8.2.3. True Wireless Hearables/Earbuds
- 8.2.4. Speaker Systems
- 8.2.5. Soundbars
- 8.2.6. Headsets
- 8.2.7. Microphones
- 8.3. Market Analysis, Insights and Forecast – By Technology
- 8.3.1. Bluetooth
- 8.3.2. Wi-Fi
- 8.3.3. Bluetooth+Wi-Fi
- 8.3.4. Airplay
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Home Audio
- 8.4.2. Commerical
- 8.4.3. Consumer
- 8.4.4. Automotive
- 8.4.5. Others
- 8.5. Market Analysis, Insights and Forecast – By Functionality
- 8.5.1. Smart Devices
- 8.5.2. Non-smart Devices
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Wireless Audio Device Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Earphones
- 9.2.2. Headphones
- 9.2.3. True Wireless Hearables/Earbuds
- 9.2.4. Speaker Systems
- 9.2.5. Soundbars
- 9.2.6. Headsets
- 9.2.7. Microphones
- 9.3. Market Analysis, Insights and Forecast – By Technology
- 9.3.1. Bluetooth
- 9.3.2. Wi-Fi
- 9.3.3. Bluetooth+Wi-Fi
- 9.3.4. Airplay
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Home Audio
- 9.4.2. Commerical
- 9.4.3. Consumer
- 9.4.4. Automotive
- 9.4.5. Others
- 9.5. Market Analysis, Insights and Forecast – By Functionality
- 9.5.1. Smart Devices
- 9.5.2. Non-smart Devices
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Bose Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. UE (Logitech)
- 10.6. Sony Corporation
- 10.7. Samsung Electronics Co. Ltd
- 10.8. Apple
- 10.9. Harman International Industries
- 10.10. Sonos
- 10.11. SoundUnited
- 10.12. Sennheiser
- 10.13. Vizio
- 10.14. VOXX International
- 10.15. Zound Industries
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
