Global Wireless Audio Equipment Market Growth 2023-2029

Global Wireless Audio Equipment Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Wireless Audio Equipment Industry Forecast” looks at past sales and reviews total world Wireless Audio Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Wireless Audio Equipment sales for 2023 through 2029. With Wireless Audio Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wireless Audio Equipment industry.

This Insight Report provides a comprehensive analysis of the global Wireless Audio Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wireless Audio Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wireless Audio Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wireless Audio Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wireless Audio Equipment.

The global Wireless Audio Equipment market size is projected to grow from US$ 20530 million in 2022 to US$ 40170 million in 2029; it is expected to grow at a CAGR of 40170 from 2023 to 2029.

Global Wireless Audio Device key players include Apple(Beats), SAMSUNG(Harman), Google, Philips, Amazon, etc. Global top five manufacturers hold a share nearly 45%. APAC is the largest market, with a share over 35%, followed by Americas, and Europe, both have a share over 55 percent. In terms of product, Wireless Headphones and Earphones is the largest segment, with a share over 45%. And in terms of application, the largest application is Consumer and Home, followed by Commercial, Automotive, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Wireless Audio Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Headphones
Headsets
Speaker Systems
Soundbars
Microphones
Others

Segmentation by application
Commercial
Consumer
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Apple Inc.
Samsung Electronics Co., Ltd.
Sony Corporation
Voxx International Corporation
Harman International Industries, Incorporated
Bose Corporation
Sonos
Dei Holdings
Sennheiser Electronic GmbH & Co. Kg
Vizio, Inc
Ossic Corporation
Phazon
Trusound Audio

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wireless Audio Equipment market?

What factors are driving Wireless Audio Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wireless Audio Equipment market opportunities vary by end market size?

How does Wireless Audio Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.