Global Wireless Audio Devices Market 2024-2028
The wireless audio devices market is forecasted to grow by USD 69544.2 million during 2023-2028, accelerating at a CAGR of 20.54% during the forecast period. The report on the wireless audio devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by convenience of wireless technology, increasing penetration of smart devices, and popularity of wireless streaming of audio content.
Technavio's wireless audio devices market is segmented as below:
By Product
- Speaker systems
- Headphones
- Others
By Application
- Residential
- Commercial
- Automotive
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the advent of cloud-hosted music streaming services as one of the prime reasons driving the wireless audio devices market growth during the next few years. Also, technological advances and miniaturization and high R&D investments will lead to sizable demand in the market.
The report on the wireless audio devices market covers the following areas:
- Wireless audio devices market sizing
- Wireless audio devices market forecast
- Wireless audio devices market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wireless audio devices market vendors that include Apple Inc., Bose Corp., Earin AB, FKA Distributing Co. LLC, GN Store Nord AS, LG Electronics Inc., Masimo Corp., PHAZON, Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Sonos Inc., Sony Group Corp., TruSound Audio, VIZIO Holding Corp., VOXX International Corp., Xiaomi Communications Co. Ltd., Yamaha Corp., and Zound Industries International AB. Also, the wireless audio devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.