Global Wireless Audio Devices Market By Product (Speakers, Headphones, Soundbars, & Microphones) And Application (Commercial, Consumer, Military & Defense, Automotive, & Others) Analysis & Forecast, From 2016 To 2022

Global Wireless Audio Devices Market By Product (Speakers, Headphones, Soundbars, & Microphones) And Application (Commercial, Consumer, Military & Defense, Automotive, & Others) Analysis & Forecast, From 2016 To 2022

  • March 2016 •
  • 216 pages •
  • Report ID: 4818043 •
  • Format: PDF
Description
Wireless audio devices are gaining popularity over wired audio devices due to several advantages offered by wireless audio devices over wired audio devices. Some of the advantages of wireless devices over wired devices are cost saving due to wire replacement; vulnerability of wireless devices to temporary interferences, noise and fading; increased mobility, and enhanced efficiency for an increase in number of users connected to the same device. The global Wireless Audio Device market is estimated to witness a growth at a CAGR of 16.6% over the period 2016 to 2022. This growth is expected due to increasing consumer application and increasing opportunities for the wireless audio devices in the hospitality and leisure sector.

The U.S. generated the maximum amount of revenue in the year 2015 in the global wireless audio device industry among all the regions; whereas, China has the maximum potential to grow in the forecast period. If the industry has the prospects of growing with the same pace, it will cross $33,177.0 million in total market value by the end of forecast period 2022.

The industry analysis section has examined the impact of the five major forces and value chain analysis to understand the overall attractiveness of the industry. The most often used strategy for developing a better hold on to the market has been through product launches, followed by mergers & acquisitions. Moreover, the company profile section includes highlights of significant information about the key companies involved along with their financial positions key strategies, & developmental activities of recent years. Some of the key players involved in this market are Sony Corporation, Bose Corporation, Sennheiser, Sonos, Harman, Apple Inc., and Samsung.

The report is a compilation of different segments of Global Wireless Audio Device Market including market breakdown by products, applications, technology, and includes Porter’s five forces analysis and market dynamics. The report also discusses in detail about the key participants involved in the industry.

The report answers the following questions about the Global Wireless Audio Device Market:
- What are the prevailing products, and technologies used in wireless audio devices?
- What are the different application areas of wireless audio devices?
- What are the basic applications of the wireless audio devices?
- What are the different factors driving the market in the forecast period?
- What are the factors restraining the growth of Global Wireless Audio Device Market?
- Who are the different participants in the Global Wireless Audio Device Market?
- What kind of new strategies are being adopted by existing market players to make a mark in the industry?
- Which region will lead the Global Wireless Audio Device Market by the end of forecast period?

Executive Summary
Increasing acceptance of smart phones as a source of entertainment among the consumers and rising expenditure on semiconductors for wireless devices are enhancing the rate of growth of the global wireless audio device market. In terms of value, the wireless audio device market is estimated to reach $33,177.0 million by 2022 at a CAGR of 11% through the forecast period.

The wireless audio device market is expected to grow with a significant rate during the forecasted period due to the growing leisure and hospitality sector and increasing use of wireless devices in consumer applications. However, negative health effects of wireless devices and technical difficulties associated with wireless audio devices are restraining the growth of the global wireless audio device market.

The wireless audio device market has been tracked along the lines of its products, technologies, application areas, and geography. Revenue generated from various application areas namely-consumer application, commercial application, automotive, and security and defense have been analyzed. The report also covers the wireless audio device market on a global scale, and consequently provides revenue data of the key regions. A separate segment has been made for the key global regions: North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW).

Wireless audio device receive audio signals using radio frequency (RF) waves and eliminates the use of audio cables. Wireless audio device consists of RF receiver, and an RF transmitter unit. Wireless headsets hold the highest share of the market in 2016 and wireless microphones holds the lowest share in the market in 2016. Growth in the demand of portable music systems such as tablets, smart phones and portable music players is supporting the growth of the wireless headsets market. Additionally, the technological advancements in headsets in the recent years have led to the minimization of overall weight of headphones, which is supporting the wireless headsets market to grow with a significant rate.

Wi-Fi enabled audio device market is increasing at a significant rate due to increasing popularity of multi-room audio devices. With the help of multi-room audio devices, the consumers can listen to music in several rooms simultaneously. Most of the companies such as Sonos and LG have their own closed platforms that work on a mesh network with the use of Wi-Fi technology. Some of the manufacturers providing Wi-Fi enabled audio devices include Pure, LG, Bose Corporation, Bang & Olufsen, Sony, Panasonic and Phillips.

The market is dominated by North America region and Asia Pacific is expected to grow with the highest rate in the coming years. The dominance of North America is mainly due to lower cost of consumer equipment in the region. Additionally, the rising trend of smart homes in the region is also supporting the growth of North America wireless audio device market.

Some of the key players in the industry are Sony Corporation, Bose Corporation, Sennheiser, Sonos, Harman, Apple Inc., and Samsung among others. These companies are aiming for new product launches and more mergers & acquisitions to expand their market and act as hindrances for the new entrants from entering.

Countries Covered
North America, Asia Pacific, Europe, Rest of the World