A recent report published by
Infinium Global Research on wireless audio device market provides in-depth
analysis of segments and sub-segments in the global as well as regional
wireless audio device market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional wireless audio
device market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
wireless audio device market. According to the report, the global wireless
audio device market is projected to grow at a CAGR of 17.5% over the forecast
period of 2021-2027.
Market
Insight
The wireless audio device market
was valued at USD 60.38 billion in 2020 and is expected to reach USD 183.2668 billion
in 2027, with a CAGR of 17.5% during the forecast period. The need for wireless
communication systems has evolved over the years. There is a huge
transformation in the audio market due to technology and science. Before, the
audio market was bound by wires and physical connections, but now the market is
ruled by wireless audio. The wireless audio device market is the demand for
today as the use has been incredibly increased. Wireless audio devices include
speakers, adapters, integrated microphones, dedicated speaker docks, in-ear
monitoring systems, and many more that are being used to play various types of
audio files. It can be run on batteries or power cables depending on its
design. The leading competitors are Sonos Inc., Avnera Corporation, Logitech
International SA, Plantronics Inc., Polk Audio, Apple Inc., etc.
The increased use of technology
and various mobility devices boosts the growth of the wireless audio device
market. Changes in customer trends and different innovations are the main
reasons for more usage of wireless audio. The shift from wired to wireless
provides intensified features like improved portability, good audio quality,
and noise annulment. The wireless audio devices offer pliability, integration,
and expandability. Wireless audio has achieved a new height by changing the
media focus to streaming services. It provides personal libraries to people who
are fond of music which they can enjoy anywhere anytime. However, there are
certain rigorous rules, imposed by the government on noise outrush that hinder
the market growth. There are various negative health effects on children and
adults, due to excess usage of audio devices that hamper their health in many
ways such as ear damage. Moreover, technology is taking over the world, there
are various infotainment devices like televisions, PCs, mobiles, laptops, etc.,
that allow the penetration of the audio market. There are additional advantages
of mobility devices in commercial sectors such as education, entertainment,
security, home applications, etc. which gives a benefit to the audio market and
is adding up to its growth. Novel coronavirus (COVID-19) has affected almost
every country in the world. The disease has spread across several countries
around the world. The major components of wireless audio devices including
sensors, antennas, and other components are produced mainly in countries
including China, Taiwan, Thailand, the Philippines, and South Korea. The
governments in these countries imposed lockdowns to control the spread of
COVID-19. Lockdown in these countries compelled the component manufacturers to
reduce their production levels and even stop their production in some cases.
Geographically, North America is
leading in the use of wireless audio device market. In North America, the most
demanding consumers are the young generation people, tech-savvy people who are
more attracted towards the different mobile devices and are making meticulous
use of them. The Asia Pacific is also getting into the race by becoming a
leading market, due to its vast growing economies such as India, China, and
Japan. These countries are going to contribute major transformation in the
usage of wireless audio devices, with its demand for increasing need for new
technologies and supporting the wireless audio device market in expansion and
making it reach new high points.
Segment
Covered
The report on the global wireless
audio device market covers segments such as product, technology, and end user.
On the basis of product, the sub-markets include wireless speaker system,
wireless headsets, sound bar, and wireless microphones. On the basis of
technology, the sub-markets include bluetooth, wi-fi, airplay, and others. On
the basis of end user, the sub-markets include commercial, electronics,
telecommunications, automotive, and security & defiance.

Companies
Profiled:
The report provides profiles of
the companies in the market such as Apple, Inc., Bose Corporation, Harman
International Industries, Incorporated, Sony Corporation, Sonos Inc, Avnera
Corporation, Logitech International SA, Plantronics Inc, Polk Audio, and Shure
Incorporated.
Report
Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the wireless audio device market. Moreover, the study highlights
current market trends and provides forecast from 2021-2027. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.