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Wireless Audio Devices Market by Product (Wireless Headsets & Microphones, Wireless Headsets & Microphones, Sound Bars and Others), Technology (Bluetooth, Wi-Fi, Airplay and Others), Application (Commercial, Consumer, Automotive and Others) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

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IC_16377
Pages: 148
Sep 2016 | 5465 Views
 
Author's : Gunjan Malani
Tables: 31
Charts: 84
 

Wireless Audio Devices Market - Market Size, Market Share, Market Forecast 

Global Wireless Audio Devices Market is expected to garner $38,807.5 million by 2022, registering a CAGR of 24.4% during the forecast period 2016-2022.

The Global Wireless audio devices market are used to transmit and receive various audio signals through wireless technologies, namely, Wi-Fi, Bluetooth, and AirPlay, among others. Wireless headphones, microphones, speakers, sound bars, and audio systems, radio tuners, and others are various types of wireless audio devices available in the market. Increasing penetration of infotainment devices, rising adoption of mobile devices, and increasing applications of wireless audio devices in the commercial sector including, events, shows, call centers, and others are the key driving factors of the market. Stringent government regulations have been imposed regarding the frequency range of audio devices. In addition, use of these devices at more than 85 decibels (dB) for 8 hours or more could adversely affect hearing ability of users. These factors restrict the expansion of the market. However, rapid technological advancement and increasing need for convenience such as ease in portability and remote accessibility among customers would generate significant opportunities for market players.

Wireless audio devices find applications in four major sectors, namely commercial, consumer, automotive, and others, including security & defense. Wireless audio devices are used as support accessories for smartphones, laptops/computers, and gaming consoles in the consumer sector. Commercial sector comprises wireless devices used at office spaces, industries, and other commercial establishments such as IT parks, sport complex, hotels, and government organizations. In addition, increasing use of in-vehicle infotainment devices, advanced driver assistance system (ADAS), and GPS devices has boosted the utilization of wireless headphones, speakers, and others in cars, trucks, buses, and other automobiles.

Prominent players offering wireless audio devices across the globe include Apple, Inc., Bose Corporation, Harman International Industries, Incorporated, Sony Corporation, Shure Incorporated, Koninklijke Philips N.V., Sonos, Inc., VIZIO, Inc., VOXX International Corporation, and Sennheiser Electronic GmbH & Co. KG.

Segment Overview

The wireless audio devices market is segmented on the basis of product type, technology, application, and geography. The product type segment includes wireless headsets & microphones, wireless speaker systems, sound bars, and others including radio tuner, power amplifier, A/V controller. Based on technology, the market is segmented into Bluetooth, Wi-Fi, AirPlay, and others, including SKAA and Sonos. The application segment comprises commercial, consumer, automotive, and others, including defense and security. The wireless audio devices market is analyzed on the basis of geography, which includes North America, Europe, Asia-Pacific, and LAMEA.

The wireless speaker systems dominated the global market in 2015 due to features such as portability, remote accessibility, and compatibility with computer and infotainment devices such as mobile phones, tablets, and laptops using Bluetooth, Wi-Fi, Radio Frequency, and SKAA technologies. However, the sound bar segment is expected to grow at the fastest CAGR during the forecast period, owing to its compatibility with LED TVs, mobile devices, coupled with growth of the consumer electronics market.

North America generated the highest revenue in the global market in 2015 due to higher adoption of electronic devices and high disposable income of consumers. 

Top impacting factors of world wireless audio devices market 

Top impacting factors of world wireless audio devices market

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Increasing penetration of infotainment devices

The penetration of infotainment devices such as televisions, PCs, mobile phones, laptops, tablets, and in-vehicle infotainment devices has increased in the recent years; thereby, increasing the need for mobile accessories. Spiraling growth of the infotainment devices market is one of the major factors triggering the market growth.

Growing need for mobility services

The demand for mobility services among consumers for seamless connectivity and ease accessibility of information and resources has increased in the recent years. Mobility solutions, such as cloud service, BYOD trend, mobile devices, wireless services, and others have been gaining popularity among individuals. The adoption of wireless audio devices has increased due to advanced features of wireless audio devices such as portability, easy manageability, and remote accessibility for audio communication. Wireless audio devices enhance experience of customers by providing easy and quick audio transmission, wireless operation, and ease of installation. Therefore, increasing demand for mobile services among customers is expected to drive the wireless audio devices market.

Increasing applications of wireless audio devices in commercial sector

Wireless audio devices are widely used in commercial sectors, such as media & entertainment, education, and corporate for various purposes including conferences, meetings, sport events, news broadcasting, and auctions among others. Wireless devices, such as wireless microphones, speaker systems, and headphones are widely used in the market. This is a major factor responsible for the growth of the wireless audio device market.

Key benefits

  • The study provides an in-depth analysis of the world wireless audio devices market along with current and future trends to elucidate the imminent investment pockets.
  • Current and future trends have been outlined to determine the overall attractiveness, and to single out profitable trends to gain a stronger foothold in the market.
  • The report provides information regarding key drivers, restraints, and opportunities along with the impact analysis.
  • Quantitative analyses of the current market and forecast for the period of 2014‐2022 have been provided to highlight the financial appetency of the market.
  • Porter’s Five Forces analysis of the industry illustrates the potency of buyers and suppliers participating in the market.
  • Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

Wireless audio devices market Key segments

The market is segmented based on product, technology, application, and geography

BY PRODUCT

  • Wireless Headsets & Microphones
  • Wireless Speaker Systems
  • Sound Bars
  • Others (A/V Receivers, Power Amplifiers, and Radio Tuners)

BY TECHNOLOGY

  • Bluetooth
  • Wi-Fi
  • Airplay
  • Others (Sonos and SKAA)

BY APPLICATION

  • Commercial
  • Consumer
  • Automotive
  • Others (Defense & Security)

BY GEOGRAPHY

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • UAE
    • Africa
    • Saudi Arabia
    • Rest of LAMEA
 

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO Perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key Findings

3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies

3.3 Porters five forces analysis

3.3.1 Low volume purchases of products and low switching cost of buyers moderate the bargaining power of suppliers
3.3.2 Presence of large number of companies in the market and low switching of buyers increase the competition in the market
3.3.3 The market is highly fragmented and there is a lack of industry leader which leads to the threat of new entrants in the market
3.3.4 Unavailability of strong substitute for wireless audio devices
3.3.5 Low substitution of products and price sensitivity of buyers moderate the bargaining power of buyer

3.4 Value chain analysis
3.5 Market share analysis, 2015
3.6 Market Dynamics

3.6.1 Drivers

3.6.1.1 Increasing penetration of infotainment devices
3.6.1.2 Rising need for mobility services
3.6.1.3 High application of wireless audio devices in the commercial sector

3.6.2 Restraints

3.6.2.1 Adverse effects on hearing ability
3.6.2.2 Regulations on the frequency range of audio devices

3.6.3 Opportunities

3.6.3.1 Rapid technological advancement
3.6.3.2 Customers increasing need for convenience

Chapter: 4 WORLD WIRELESS AUDIO DEVICES MARKET BY PRODUCT

4.1 Wireless Headsets & Microphones

4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast

4.2 Wireless Speaker Systems

4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast

4.3 Sound bars

4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast

4.4 Others

4.4.1 Key market trends
4.4.2 Key drivers and opportunities
4.4.3 Market size and forecast

Chapter: 5 WORLD WIRELESS AUDIO DEVICES MARKET BY TECHNOLOGY

5.1 Bluetooth

5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast

5.2 Wi-Fi

5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast

5.3 AirPlay

5.3.1 Key market trends
5.3.2 Key drivers and opportunities
5.3.3 Market size and forecast

5.4 Others

5.4.1 Key market trends
5.4.2 Key drivers and opportunities
5.4.3 Market size and forecast

Chapter: 6 WORLD WIRELESS AUDIO DEVICES MARKET BY APPLICATION

6.1 Commercial

6.1.1 Key market trends
6.1.2 Key drivers and opportunities
6.1.3 Market size and forecast

6.2 Consumer

6.2.1 Key market trends
6.2.2 Key drivers and opportunities
6.2.3 Market size and forecast

6.3 Automotive

6.3.1 Key market trends
6.3.2 Key drivers and opportunities
6.3.3 Market size and forecast

6.4 Others

6.4.1 Key market trends
6.4.2 Key drivers and opportunities
6.4.3 Market size and forecast

Chapter: 7 WORLD WIRELESS AUDIO DEVICES MARKET BY GEOGRAPHY

7.1 North America

7.1.1 Key market trends
7.1.2 Key drivers and opportunities
7.1.3 Market size and forecast
7.1.4 U.S.A.
7.1.5 Canada
7.1.6 Mexico

7.2 Europe

7.2.1 Key market trends
7.2.2 Key drivers and opportunities
7.2.3 Market size and forecast
7.2.4 U.K.
7.2.5 Germany
7.2.6 France
7.2.7 Rest of Europe

7.3 Asia-Pacific

7.3.1 Key market trends
7.3.2 Key drivers and opportunities
7.3.3 Market size and forecast
7.3.4 China
7.3.5 India
7.3.6 Japan
7.3.7 Australia
7.3.8 Rest of Asia-Pacific

7.4 Latin America, Middle East and Africa (LAMEA)

7.4.1 Key market trends
7.4.2 Key drivers and opportunities
7.4.3 Market size and forecast
7.4.4 U.A.E.
7.4.5 Africa
7.4.6 Saudi Arabia
7.4.7 Rest of LAMEA

Chapter: 8 COMPANY PROFILE

8.1 Apple Inc.

8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Business performance
8.1.4 Key strategies and developments
8.1.5 SWOT analysis of Apple Inc.

8.2 Bose Corporation

8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Key strategies and developments
8.2.4 SWOT analysis of Bose Corporation

8.3 HARMAN International Industries, Incorporated

8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Business performance
8.3.4 Key strategies and developments
8.3.5 SWOT analysis of Harman International Industries, Incorporated

8.4 Sony Corporation

8.4.1 Company overview
8.4.3 Business performance
8.4.4 Key strategies and developments
8.4.5 SWOT analysis of Panasonic Corporation

8.5 Shure Incorporated

8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Key strategies and developments
8.5.4 SWOT analysis of Shure Incorporated

8.6 Koninklijke Philips N.V

8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Business performance
8.6.4 Key strategies and developments
8.6.5 SWOT analysis of Koninklijke Philips N.V

8.7 Sonos Inc.

8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Key strategies and developments
8.7.4 SWOT analysis of Sonos Inc.

8.8 VIZIO, Inc.

8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Business performance
8.8.4 Key strategies and developments
8.8.5 SWOT analysis of VIZIO Inc.

8.9 VOXX International Corporation

8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Business performance
8.9.4 Key strategies and developments
8.9.5 SWOT analysis of VOXX International Corporation

8.10 Sennheiser Electronic GMBH & Co. KG

8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Business performance
8.10.4 Key strategies and developments
8.10.5 SWOT analysis of Sennheiser Electronic GMBH & Co. KG

List of Figures

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN THE WIRELESS AUDIO DEVICES MARKET
FIG. 3 PORTERS FIVE FORCES ANALYSIS
FIG. 4 VALUE CHAIN ANALYSIS OF WIRELESS AUDIO DEVICES MARKET
FIG. 5 MARKET SHARE ANALYSIS OF WIRELESS AUDIO DEVICES PROVIDERS
FIG. 6 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD WIRELESS AUDIO DEVICES MARKET BY PRODUCT, 2015 & 2022 (%)
FIG. 7 NUMBER OF SMARTPHONES SOLD BY LEADING VENDORS (2014-2015)
FIG. 8 WIRELESS HEADSETS & MICROPHONES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 9 COMPARATIVE MARKET SHARE ANALYSIS OF WIRELESS HEADSETS AND MICROPHONES MARKET BY REVENUE, 2015 & 2022 (%)
FIG. 10 WIRELESS SPEAKER SYSTEMS MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 11 COMPARATIVE MARKET SHARE ANALYSIS OF WIRELESS SPEAKERS MARKET BY REVENUE, 2015 & 2022 (%)
FIG. 12 WORLDWIDE SMART TV UNIT SHIPMENTS (IN MILLIONS), 2011-2015
FIG. 13 SOUND BARS MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 14 COMPARATIVE MARKET SHARE ANALYSIS OF SOUND BARS MARKET BY REVENUE, 2015 & 2022 (%)
FIG. 15 OTHERS (RADIO TUNER, POWER AMPLIFIER, A/V CONTROLLER) MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 16 COMPARATIVE MARKET SHARE ANALYSIS OF OTHERS (RADIO TUNER, POWER AMPLIFIER, A/V CONTROLLER) MARKET BY REVENUE, 2015 & 2022 (%)
FIG. 17 WIRELESS AUDIO DEVICES MARKET REVENUE, BY TECHNOLOGY, 20142022 ($BILLION)
FIG. 18 WIRELESS AUDIO DEVICES MARKET SHARE ANALYSIS BY TECHNOLOGY, 2015 & 2022 (%)
FIG. 19 WIRELESS AUDIO DEVICES, BLUETOOTH SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 20 WIRELESS AUDIO DEVICES, BLUETOOTH SEGMENT MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIG. 21 WIRELESS AUDIO DEVICES, WI-FI SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 22 WIRELESS AUDIO DEVICES, WI-FI SEGMENT MARKET SHARE ANALYSIS 2015 & 2022 (%)
FIG. 23 GLOBAL NUMBER OF PUBLIC HOTSPOTS (IN MILLIONS)
FIG. 24 WIRELESS AUDIO DEVICES, AIRPLAY SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 25 WIRELESS AUDIO DEVICES, AIRPLAY SEGMENT MARKET SHARE ANALYSIS 2015 & 2022 (%)
FIG. 26 WIRELESS AUDIO DEVICES, OTHERS SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 27 WIRELESS AUDIO DEVICES, OTHERS SEGMENT MARKET SHARE ANALYSIS 2015 & 2022 (%)
FIG. 28 WIRELESS AUDIO DEVICES MARKET REVENUE, BY APPLICATION, 20142022 ($BILLION)
FIG. 29 WIRELESS AUDIO DEVICES MARKET SHARE ANALYSIS BY APPLICATION, 2015 & 2022 (%)
FIG. 30 WIRELESS AUDIO DEVICES, COMMERCIAL SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 31 WIRELESS AUDIO DEVICES, COMMERCIAL SEGMENT MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIG. 32 WIRELESS AUDIO DEVICES, CONSUMER SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 33 WIRELESS AUDIO DEVICES, CONSUMER SEGMENT MARKET SHARE ANALYSIS 2015 & 2022 (%)
FIG. 34 GLOBAL REVENUE FROM SMARTPHONE SALES (IN BILLION U.S. DOLLARS), 2013-2015
FIG. 35 WORLD WIRELESS AUDIO DEVICES, AUTOMOTIVE SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 36 WORLD WIRELESS AUDIO DEVICES, AUTOMOTIVE SEGMENT MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIG. 37 NUMBER OF CARS SOLD WORLDWIDE (IN MILLION UNITS)
FIG. 38 WORLD WIRELESS AUDIO DEVICES, OTHERS SEGMENT MARKET REVENUE, 20142022 ($BILLION)
FIG. 39 WORLD WIRELESS AUDIO DEVICES, OTHERS SEGMENT MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIG. 40 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD WIRELESS AUDIO DEVICES MARKET BY GEOGRAPHY, 2015 & 2022 (%)
FIG. 41 NUMBER OF SMARTPHONE USERS IN THE UNITED STATES 2012-2015 (IN MILLIONS)
FIG. 42 NUMBER OF AVAILABLE WI-FI LOCATIONS IN SELECTED COUNTRIES (2013)
FIG. 43 NORTH AMERICA WIRELESS AUDIO DEVICE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 44 COMPARATIVE MARKET SHARE ANALYSIS OF NORTH AMERICA WIRELESS AUDIO DEVICES MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 45 VOLUME OF MOTOR VEHICLE PRODUCTION IN EU (%), 2015
FIG. 46 EUROPE WIRELESS AUDIO DEVICE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 47 COMPARATIVE MARKET SHARE ANALYSIS OF EUROPE WIRELESS AUDIO DEVICES MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 48 SMARTHOMES MARKET REVENUES FROM SELECTED EUROPEAN COUNTRIES (2016)
FIG. 49 NUMBER OF SMARTPHONE USERS IN THE ASIA-PACIFIC REGION 2014 AND 2015 (IN MILLIONS)
FIG. 50 ASIA-PACIFIC WIRELESS AUDIO DEVICE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 51 COMPARATIVE MARKET SHARE ANALYSIS OF ASIA-PACIFIC WIRELESS AUDIO DEVICES MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 52 GLOBAL SMARTWATCH MARKET SHARE BY GEOGRAPHY BY VALUE (2013-2020)
FIG. 53 LAMEA WIRELESS AUDIO DEVICE MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 54 COMPARATIVE MARKET SHARE ANALYSIS OF LAMEA WIRELESS AUDIO DEVICES MARKET BY COUNTRY, 2015 & 2022 (%)
FIG. 55 REVENUE GENERATED BY APPLE INC. ($MILLION, 2013 2015)
FIG. 56 REVENUE OF APPLE INC. IN PERCENTAGE BY PRODUCT SEGMENTS 2015
FIG. 57 REVENUE OF APPLE INC. IN PERCENTAGE BY GEOGRAPHY 2015
FIG. 58 SWOT ANALYSIS OF APPLE INC.
FIG. 59 SWOT ANALYSIS OF BOSE CORPORATION
FIG. 64 REVENUE GENERATED BY SONY CORPORATION ($MILLION, 2013 2015)
FIG. 65 REVENUE OF SONY CORPORATION IN PERCENTAGE BY BUSINESS SEGMENTS 2015
FIG. 66 REVENUE OF SONY CORPORATION IN PERCENTAGE BY GEOGRAPHY 2015
FIG. 67 SWOT ANALYSIS OF SONY CORPORATION
FIG. 68 SWOT ANALYSIS OF SHURE INCORPORATED
FIG. 69 REVENUE GENERATED BY KONINKLIJKE PHILIPS N.V, $MILLION (2013-2015)
FIG. 70 FIG. 2 REVENUE OF KONINKLIJKE PHILIPS N.V, BY SEGMENT, $MILLION, 2015
FIG. 71 FIG. 3 REVENUE OF KONINKLIJKE PHILIPS N.V, BY GEOGRAPHY, $MILLION, 2015
FIG. 72 SWOT ANALYSIS OF KONINKLIJKE PHILIPS N.V
FIG. 73 SWOT ANALYSIS OF SONOS INC.
FIG. 74 REVENUE GENERATED BY VIZIO INC., $MILLION (2012-2014)
FIG. 75 REVENUE OF VIZIO INC., BY SEGMENT, $MILLION, 2015
FIG. 76 SWOT ANALYSIS OF VIZIO INC.
FIG. 77 REVENUE GENERATED BY VOXX INTERNATIONAL CORPORATION, $MILLION (2014-2016)
FIG. 78 REVENUE OF VOXX INTERNATIONAL CORPORATION, BY SEGMENT, $MILLION, 2016
FIG. 79 REVENUE OF VOXX INTERNATIONAL CORPORATION, BY GEOGRAPHY, $MILLION, 2016
FIG. 80 SWOT ANLYSIS OF VOXX INTERNATIONAL CORPORATION
FIG. 81 REVENUE GENERATED BY SENNHEISER ELECTRONIC GMBH & CO. KG, $MILLION (2012-2014)
FIG. 82 REVENUE OF SENNHEISER ELECTRONIC GMBH & CO. KG, BY SEGMENT, $MILLION, 2014
FIG. 83 REVENUE OF SENNHEISER ELECTRONIC GMBH & CO. KG, BY GEOGRAPHY, $MILLION, 2014
FIG. 84 SWOT ANALYSIS OF SENNHEISER ELECTRONIC GMBH & CO. KG

List of Tables

TABLE 1 WORLD WIRELESS AUDIO DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 2 WORLD WIRELESS AUDIO DEVICES MARKET, BY PRODUCT, 2014-2022 ($MILLION)
TABLE 3 WIRELESS HEADSETS AND MICROPHONES MARKET, BY REVENUE, 2014-2022 ($MILLION)
TABLE 4 WIRELESS SPEAKER SYSTEMS MARKET, BY REVENUE, 2014-2022 ($MILLION)
TABLE 5 WIRELESS SOUND BARS MARKET, BY REVENUE, 2014-2022 ($MILLION)
TABLE 6 OTHERS PRODUCTS (RADIO TUNER, POWER AMPLIFIER, A/V CONTROLLER) MARKET, BY REVENUE, 2014-2022 ($MILLION)
TABLE 7 WORLD WIRELESS AUDIO DEVICES MARKET REVENUE BY TECHNOLOGY, 20142022 ($MILLION)
TABLE 8 WORLD WIRELESS AUDIO DEVICES, BLUETOOTH SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 9 WORLD WIRELESS AUDIO DEVICES, WI-FI SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 10 WORLD WIRELESS AUDIO DEVICES, AIRPLAY SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 11 WORLD WIRELESS AUDIO DEVICES, OTHERS SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 12 WORLD WIRELESS AUDIO DEVICES MARKET REVENUE BY APPLICATION, 20142022 ($MILLION)
TABLE 13 WORLD WIRELESS AUDIO DEVICES, COMMERCIAL SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 14 WORLD WIRELESS AUDIO DEVICES, CONSUMER SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 15 WORLD WIRELESS AUDIO DEVICES, AUTOMOTIVE SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 16 WORLD WIRELESS AUDIO DEVICES, OTHERS SEGMENT MARKET REVENUE BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 17 WORLD WIRELESS AUDIO DEVICES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 18 NORTH AMERICAN WIRELESS AUDIO DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19 EUROPE WIRELESS AUDIO DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 20 ASIA-PACIFIC WIRELESS AUDIO DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 21 LAMEA WIRELESS AUDIO DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 22 SNAPSHOT OF APPLE INC.
TABLE 23 SNAPSHOT OF BOSE CORPORATION
TABLE 24 SNAPSHOT OF HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
TABLE 25 SNAPSHOT OF SONY CORPORATION
TABLE 26 SNAPSHOT OF SHURE INCORPORATED
TABLE 27 SNAPSHOT OF KONINKLIJKE PHILIPS N.V
TABLE 28 SNAPSHOT OF SONOS INC.
TABLE 29 SNAPSHOT OF VIZIO INC.
TABLE 30 SNAPSHOT OF VOXX INTERNATIONAL CORPORATION
TABLE 31 SNAPSHOT OF SENNHEISER ELECTRONIC GMBH & CO. KG

 

 

Wireless audio devices have been gaining increased acceptance in the commercial, personal, and automotive industries over the past few years, owing to their portability, convenience, cost-effectiveness, efficiency, and user flexibility as compared to traditional wired alternatives. Wireless audio devices find major application in consumer and home devices due to rise in disposable income, changing lifestyle, increased consumption of multimedia electronics, and upsurge in the number of smartphone users. The demand for AirPlay-enabled wireless audio devices is expected to increase during the forecast period with its expansion in android devices. Market players offering android devices, such as HTC have licensed Apple’s AirPlay streaming technology to differentiate their products in the market. This integration of Airplay technology into android devices would create numerous opportunities for wireless audio devices in the forthcoming years.

Increasing penetration of mobile devices and increased adoption of wireless audio devices in the automotive segment supplement the market growth. Asia-Pacific region is expected to grow rapidly during the forecast period due to heavy demand and decreasing raw material prices, rapid industrialization, and strong economic growth. North America is expected to contribute significantly to global revenue during the forecast period. Europe is expected to grow at a significant rate due to early adoption and increased awareness of wireless audio devices among end users. The wireless audio devices market is characterized by the presence of numerous players. Companies have constantly introduced upgraded and innovative products and services to increase their sales and customer base. Initiatives, such as customization in cloud solutions and mobile enabled applications have been widely accepted among customers. 

 

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