Wireless Audio Devices Market by Technology (Bluetooth, Wi-Fi), by Product (Headphone, Headsets, Speakers) by Application (Consumer, Residential, Commercial, Automotive) by Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast from 2020 To 2027

Wireless Audio Devices Market - Global Industry Analysis and Forecast 2020 to 2027

Wireless Audio Devices Market: Summary

The Global Wireless Audio Devices Market is projected to reach a value of over USD 211.4 billion by 2027 at a CAGR of around 19.6%.

Wireless technology is playing a vital role in the growth of semiconductors and the electronics industry. The technologies such as Bluetooth, Wi-Fi, radiofrequency, and many others are mostly used in various consumer electronic devices to reduce the wired connections and provide better audio quality. All wireless audio systems share some common components: audio source, transmitter, receiver, and audio reproduction device. The prominent players in the wireless audio systems market are Apple Inc., Sony Corporation, Bose Corporation, and Shure Incorporated among others.

Wireless Audio Devices Market

WIRELESS AUDIO DEVICES Market: Drivers & Restraint

Market Driver:

  • Rise in Demand for Bluetooth or Wi-Fi-Enabled Microphones, Sound-Bars, Headphones, and Speakers

 In today’s world, Smartphones, laptops, and tablets are come up with so many sensors to provide better user experience, and provide applications with enhanced information. The wireless technologies such as Bluetooth and Wi-Fi are replacing the wired technology to provide enhanced & premium experience, flexible operations, and easy accessibility to end users. Rising gaming industry, fitness applications, and rising disposable income, end users will choose wireless technology-based microphones, earphones, and many other devices. Addition to this, availability to connect wireless devices with Google Assistant, Siri, Alexa will add fuel in the growth of the wireless audio devices during forecast period.   

Market Restraint:

  • Restrictions on Use of Radio Frequency Spectrum by Wireless Audio Equipment

Wireless mics and similar devices are designed to tune and operate on certain frequencies known as "spectrum bands." Most wireless mics today operate in the various unused portions of the broadcast television bands, including both VHF and UHF channels. They can be operated on either on a licensed basis, for qualifying users, or on an unlicensed basis, open to all who use the appropriate equipment, provided that users follow the applicable rules for operation on designated spectrum bands.  According to FCC, the use of wireless mics and devices on unused broadcast channels on the 600 MHz service band and on the 700 MHz band – specifically the frequencies between 698 and 806 MHz. It did so because such use could cause harmful interference that disrupts or degrades communications in the spectrum bands that had been repurposed for use by public-safety networks and licensed commercial wireless services. Hence it will restrain the market during forecast period.     

WIRELESS AUDIO DEVICES Market: Key Segments

  • Segmentation based on technology: Wi-Fi, Bluetooth, Wi-Fi + Bluetooth, Airplay, Radio Frequency, and Others
  • Segmentation based on product: Microphones, Headphones, Headsets, Speakers, Sound Bars, and Others
  • Segmentation based on application: Consumer, Residential, Commercial, Automotive, and Others
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

WIRELESS AUDIO DEVICES Market: Report Scope

The report on the wireless audio devices market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Technology, Product, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Shure Incorporated (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Apple Inc.
  • Sony Corporation
  • Bose Corporation
  • Sennheiser electronic GmbH & Co. KG
  • HARMAN International
  • Skullcandy
  • Sonos Inc.
  •  VIZIO, Inc.
  • Jaybird
  • Plantronics, Inc.
  • Koninklijke Philips N.V.
  • TRÜSOUND AUDIO
  • VOXX International Corp.
  • BRAGI
  • JAM
  • Other Key Companies

WIRELESS AUDIO DEVICES Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Wireless Audio Devices Market, by Technology

  • Wi-Fi
  • Bluetooth
  • Wi-Fi + Bluetooth
  • Airplay
  • Radio Frequency
  • Others

Wireless Audio Devices Market, by Product

  • Microphones
  • Headphones
  • Headsets
  • Speakers
  • Sound Bars
  • Others

Wireless Audio Devices Market, by Application

  • Consumer
  • Residential
  • Commercial
  • Automotive
  • Others

Wireless Audio Devices Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Switzerland
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Wireless Audio Devices Market Providers
  • Wireless Audio Devices Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Wireless Audio Devices Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Wireless Audio Devices MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rise in Use of Wireless Audio Devices in Commercial Sector
      2. Rise in Demand for Bluetooth or Wi-Fi-Enabled Microphones, Sound-Bars, Headphones, and Speakers
    3. Restraint
      1. Restrictions on Use of Radio Frequency Spectrum by Wireless Audio Equipment
    4. Opportunities
      1. Increasing Demand for Home Theaters
      2. Controlling Electrical Appliances in Connected Homes
    5. Challenges
      1. Connectivity Issues
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL WIRELESS AUDIO DEVICES MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Wi-Fi
    3. Bluetooth
    4. Wi-Fi + Bluetooth
    5. Airplay
    6. Radio Frequency
    7. Others
  7. GLOBAL WIRELESS AUDIO DEVICES MARKET BY PRODUCT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Microphones
    3. Headphones
    4. Headsets
    5. Speakers
    6. Sound Bars
    7. Others
  8. GLOBAL WIRELESS AUDIO DEVICES MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Consumer
    3. Residential
    4. Commercial
    5. Automotive
    6. Others
  9. GLOBAL WIRELESS AUDIO DEVICES MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Switzerland
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1.  Shure Incorporated
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Apple Inc.
    3. Sony Corporation
    4. Bose Corporation
    5. Sennheiser electronic GmbH & Co. KG
    6. HARMAN International
    7. Skullcandy
    8. Sonos Inc.
    9.  VIZIO, Inc.
    10. Jaybird
    11. Plantronics, Inc.
    12. Koninklijke Philips N.V.
    13. TRÜSOUND AUDIO
    14. VOXX International Corp.
    15. BRAGI
    16. JAM
    17. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : SC 0118

Published : September, 2020


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