IMARC Group, a leading market research company, has released a report titled “Wireless Audio Devices Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028“. The global wireless audio devices market size reached US$ 45.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 116.4 Billion by 2028, exhibiting a growth rate (CAGR) of 16.8% during 2023-2028.
Wireless audio devices consist of headphones, earphones, amplifiers, speakers, and soundbars for real-time wireless streaming of media. These devices assist in receiving and transmitting audio signals through radio frequency, Bluetooth, Wi-Fi, and infrared technologies. Besides this, as they enable audio playback by using a handheld device and offer connectivity, expandability, flexibility, and convenience of use, the demand for wireless audio devices is escalating across the globe.
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Wireless Audio Devices Market Trends and Drivers:
Rapid digitization, the rising purchasing power of consumers, and the increasing sales of smartphones are among the key factors bolstering market growth. Moreover, the burgeoning electronics industry and increasing adoption of wireless audio devices in luxury automobiles is positively influencing the market across the globe. Apart from this, key players are introducing high-resolution product variants with robust connectivity to enhance the experience of the user. This is projected to strengthen the growth of the market in the upcoming years.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market 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 with Key Player:
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.
VOXX International Corporation.
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