According to the latest report by IMARC Group “Wireless Audio Devices Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027“, The global wireless audio devices market size reached US$ 38.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 99.2 Billion by 2027, exhibiting a growth rate (CAGR) of 17% during 2022-2027.
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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
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.
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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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