Global
Wireless Audio Device Market by Product (Wireless Speaker Systems, wireless
Headsets & Microphones, Speaker Systems, Sound Bar, Headphone), Technology
(Bluetooth, Wi-Fi, Airplay), Application ( Consumer, Commercial, Automotive),
and Region - Global Forecast to 2024
A wireless audio device
is an electronic device which receives and transmits various sound signals with
the help of different technologies, namely Bluetooth, Wi-Fi, air play and
others. A wireless audio device offers connectivity, flexibility, expandability
and convenience. Head phones, speakers, audio systems, radio tuners are some of
the wireless audio device present in the market. Wireless audio device are
being used in many sectors such as transportation, industries, commercial,
residential and others.
Market Size & Forecast
Global
wireless audio device market is anticipated to flourish at a compound annual
growth rate (CAGR) of 26.1% over the forecast period 2017-2024. The global wireless audio
device market is projected to reach at a valuation of about USD 24.2 Billion by
the end of 2024. Rising adoption for infotainment devices,
increase in demand for mobile and its accessories and rapid urbanization are
some of the key factors which are driving the global market of wireless audio
device market.
Geographically,
global wireless audio device market is segmented into North America, Asia
Pacific, Europe, Middle East & Africa and Latin America region.
North
America region accounted for the highest market share, with more than 40% share
in overall wireless audio device market. North America region is likely to
drive the global wireless audio device market due to higher adoption of
electronic devices and high income of the consumers in this region.
Developing
economics such as India, China and others in Asia Pacific region has boosted
the growth rate of wireless audio device market in this region. Increasing
demand for infotainment devices and mobility services are the anticipated to
drive the wearable audio device market over forecast period 2017-2024.
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Over the
past few years, wireless audio devices have faced many transformations. Leading
market players are developing high resolution wireless audio devices with
improved sound quality. Latin America and Middle East & Africa regions are
also anticipated to witness a satisfactory growth in near future.
Market Segmentation
Our-in
depth analysis of the global wireless audio devices market includes the
following segments:
By Product
Type
·
Wireless
Headsets & Microphones
·
Wireless
Speaker Systems
·
Sound
Bars
·
Others
(A/V receivers, Power Amplifiers etc.)
By
Technology
·
Bluetooth
·
Wi-Fi
·
Airplay
·
Others
By Application
·
Commercial
·
Consumer
·
Automotive
·
Others
(Defense & Security)
By Region
Global
wireless audio device market is further classified on the basis of region as
follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
·
Middle
East and Africa (GCC, North Africa, South Africa and Rest of Middle East)
Market size, Y-O-Y growth & Opportunity Analysis.
Growth Drivers & Challenges
Development
of new technologies in wireless audio device sectors has been attracting the
consumers and thus, propels the demand for wireless audio devices. Rise in
adoption for infotainment device and mobility services are some of the major
drivers of the global wireless audio devices market.
The
compatibility of modern wireless audio devices with other technologies such as
mobile phones, computer, laptop, tablet and other devices is a major reason for
the rise in demand for the wireless audio devices.
Increasing
purchasing power of the consumers and their willingness to purchase new and
advance technologically driven products has sparked the demand for wireless
audio devices. The wireless audio devices are being used in almost every sector
like in automobiles, residential, defense & security, commercial and others
However,
compatibility of wireless audio devices with every enhancement in other
technology including mobiles, laptops, tablet and other is one of the major
challenges to the wireless audio device manufacturers. Apart from that, the presence
of local vendors in market has affected the overall revenue of the global
market. Their cheap quality and low price product offering is reducing the
market share of the organized players.
Key Players
·
DEI
Holdings Inc.
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Harman
International Inc.
·
Koninklijke
Philips N.V.
·
Sony
Corporation
·
VOXX
International Corporation
·
Apple
Inc.
·
Beats
Electronics
·
Bose
·
Samsung
Electronics
·
Altec
Lansing
·
Anvera
·
Braven
·
Denon
Electronics
·
Jawbone
·
JVC
Kenwood
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
wireless audio devices market is segmented as follows:
·
By
Product Type Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Technology Type Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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