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Wireless Audio Devices Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2027

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Wireless Audio Devices Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2027

April 06
04:15 2021
Increasing demand for wireless audio devices from the commercial sectors and rising technological advancement for the production of innovation devices are driving the demand of the market.

Market Size – USD 49.29 billion in 2019, Market Growth – CAGR of 18.8%, Market Trends –Growing preferences among consumers for portable devices.

The global Wireless Audio Devices Market is expected to reach USD 194.85 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the increasing demand for wireless audio devices from the commercial sectors and rising technological advancement for the production of innovation devices. Increasing investments in the R&D by the OEMs for the production of advanced devices is augmenting the demand for the industry.

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Key Highlights From The Report

  • The increasing flexibility, improved audio quality, better battery life, and lightweight feature of the wireless speaker systems have resulted in the increased demand for the product.
  • The Bluetooth accounted for the largest market share of the wireless Audio devices Market in 2019. In comparison to other wireless audio transmission technologies, Bluetooth consumes less power. In order to increase the adoption of Bluetooth, key smartphone manufacturers are planning to include Bluetooth 5.0 technology in smartphones.
  • Asia-Pacific has the highest adoption rate in the market due to the increasing urban middle-class population in countries such as China, Japan, and India and the increasing disposable income of the consumers.
  • Key participants include Harman International Industries, Inc., Apple Inc., Bose Corporation, Sony Corporation, Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH & Co. Kg, DEI Holdings, Inc., Plantronics, Inc., Sonos, Inc., and VIZIO, Inc., among others.

The report further sheds light on the broad geographical fragmentation of the global Wireless Audio Devices market, as well as various market segments and sub-segments categorized into product types, applications, and end-users. The regional overview in the global market report comprises the market size, value, share, volume, and cost analysis related to each region.

Emergen Research has segmented the global Wireless Audio Devices Market on the basis of Product, Technology, Application, and region:

  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Wireless Headsets & Microphones
    • Sound Bars
    • Speaker systems
    • Other Products
  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • Wi-Fi
    • Bluetooth
    • Airplay
    • Others
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Automotive
    • Consumer
    • Commercial
    • Others

Regional Bifurcation:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Focal Points of the Global Wireless Audio Devices Market Report:

  • Market Coverage: This section of the report covers significant details on the key manufacturers, vital market segments, product innovation scope, and the forecast years. Additionally, it describes in detail the range of the product and the global Wireless Audio Devicesmarket segmentation based on product type and application spectrum.
  • Executive Summary: In this chapter, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed at length.
  • Regional Analysis: The report offers meaningful insights into the import and export trends, production and consumption capacities, estimated revenue share, and key players of each region dominating the market
  • Competitive Landscape:The report also discusses the course of development of each market player in this industry vertical during the forecast period. It further details on the firms, industries, organizations, vendors, and local manufacturers engaged in this industry. The leading products and services to gain global and regional market shares form the competitive landscape of the Wireless Audio Devices industry.
  • Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product profiles, production value and capacity, and other vital information.

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Wireless Audio Devices Market Segmentation & Impact Analysis
    4.1. Wireless Audio Devices Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing R&D for the development of new and advanced Wireless Audio Devices
                    4.2.2.2. Increasing Mobility Requirements
          4.2.3. Market restraints analysis
                    4.2.3.1. Growing Budget constraints
                    4.2.3.2. Health Issues arising from prolonged use of audio devices
                    4.2.3.3. Present challenging economic conditions due to the pandemic
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Wireless Audio Devices Market By Product Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
    5.1. Product Dynamics & Market Share, 2019 & 2027
          5.1.1. Wireless Headsets & Microphones
          5.1.2. Sound Bars
          5.1.3. Speaker systems
          5.1.4. Other Products

CONTINUED…!!

Gain access to the full report by clicking here on the link @ https://www.emergenresearch.com/industry-report/wireless-audio-devices-market

Thank you for reading our report. To know more about the report, please connect with us, and our team will ensure the report is customized to meet your requirements.

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State: British Columbia
Country: Canada
Website: https://www.emergenresearch.com/industry-report/wireless-audio-devices-market