Wireless Audio Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Wireless Audio Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global wireless audio devices market size reached US$ 38.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 99.2 Billion by 2027, exhibiting a growth rate (CAGR) of 17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Wireless audio devices are electronic equipment that receive and transmit sound signals through Bluetooth, radio frequency, infrared, Wi-Fi and airplay technologies. Some commonly used wireless audio devices include headphones, headsets, microphones, amplifiers, speakers, radio tuners, dedicated speaker docks and soundbars. These devices act as support accessories for smartphones, laptops, personal computers and gaming consoles. They are used for real-time wireless streaming of media from audio-enabled devices to output systems. These devices offer enhanced connectivity, flexibility and convenience to the users. As a result, they find extensive applications across commercial, consumer, automotive and defense industries.

Wireless Audio Devices Market Trends:
Significant growth in the electronics industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing demand for efficient infotainment systems among the consumers is providing a thrust to the market growth. Audio system manufacturers are widely integrating the Bluetooth 5.0 technology in the devices that consumes minimal power during signal transmission and provides enhanced sound quality to the users. Bluetooth technology also enables reliable point-to-point audio streaming from a PC or mobile device to various light-weight wireless devices, such as earbuds, headsets, speakers and wearables. In line with this, increasing product adoption across the defense industry for secure wireless and long-range communications is also contributing to the market growth. Various technological advancements, such as the development of next-generation wireless audio systems, are acting as other growth-inducing factors. Original equipment manufacturers (OEMs) are developing product variants with capabilities to track the health and fitness of the wearers and control connected electrical appliances and home devices. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wireless audio devices market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, technology and application.

Breakup by Product:

Wireless Headsets and Microphones
Wireless Speaker Systems
Sound Bars
Others

Breakup by Technology:

Bluetooth
Wi-Fi
Airplay
Others

Breakup by Application:

Commercial
Consumer
Automotive
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apple Inc., Bose Corporation, Koninklijke Philips N.V, Samsung Electronics Co. Ltd., Sennheiser electronic GmbH & Co. KG, Shure Incorporated, Sonos Inc., Sony Corporation, VIZIO Inc. and VOXX International Corporation.

Key Questions Answered in This Report:
How has the global wireless audio devices market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global wireless audio devices market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global wireless audio devices market and who are the key players?
What is the degree of competition in the industry?