Global Wireless Audio Market Growth 2023-2029

Global Wireless Audio 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 Industry Forecast” looks at past sales and reviews total world Wireless Audio sales in 2022, providing a comprehensive analysis by region and market sector of projected Wireless Audio sales for 2023 through 2029. With Wireless Audio sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wireless Audio industry.
This Insight Report provides a comprehensive analysis of the global Wireless Audio 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wireless Audio market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wireless Audio 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.
The global Wireless Audio 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 key players include Apple (Beats), SAMSUNG (Harman), Google, Amazon, Sonos, etc. Global top five manufacturers hold a share about 60%. North America is the largest market, with a share over 40%, followed by Europe and Asia-Pacific, both have a share about 30 percent. In terms of product, Wireless Headphones& Earphones is the largest segment, with a share about 50%. And in terms of application, the largest application is Consumer and Home, followed by Commercial, and Automotive.
This report presents a comprehensive overview, market shares, and growth opportunities of Wireless Audio market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Sound Bar and Wireless Speakers
Wireless Headphones& Earphones
Wireless Microphone
Segmentation by application
Consumer and Home
Commercial
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 (Beats)
LG
Bose
SAMSUNG (Harman)
Logitech (Jaybird)
Plantronics
Sennheiser
Sonos
DEI
Vizio
Boston
Sony
Shure
VOXX
Philips
YAMAHA
Jabra
Amazon
Google
Key Questions Addressed in this Report
What is the 10-year outlook for the global Wireless Audio market?
What factors are driving Wireless Audio market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wireless Audio market opportunities vary by end market size?
How does Wireless Audio 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.