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Wireless Audio Device Trends and Forecast
The future of the global wireless audio device market looks promising with opportunities in the residential/individual, commercial, and automotive markets. The global wireless audio device market is expected to reach an estimated $106.4 billion by 2030 with a CAGR of 15.2% from 2024 to 2030. The major drivers for this market are increasing consumer interest in a variety of entertainment and information systems, as well as, extensive adoption of bluetooth 5.0 technology and seamless Wi-Fi connectivity with a wide array of smart devices, enhancing overall sound quality.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wireless Audio Device by Segment
The study includes a forecast for the global wireless audio device by functionality, product, technology, application, and region.
Wireless Audio Device Market by Functionality [Shipment Analysis by Value from 2018 to 2030]:
• Smart Devices
• Non-smart Devices
Wireless Audio Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Earphones
• Headphones
• True Wireless Hearables/Earbuds
• Speaker Systems
• Soundbars
• Headsets
• Microphones
Wireless Audio Device Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Bluetooth
• Wi-Fi
• Bluetooth+Wi-Fi
• Airplay
• Others
Wireless Audio Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Residential/Individual
• Commercial
• Automotive
• Others
• Others
Wireless Audio Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• The Rest of the World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wireless audio device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wireless audio device companies profiled in this report include-
• Apple
• Samsung Electronics
• Logitech International
• Sennheiser Electronic
• Sony
• Zound Industries
• Sonos
• Panasonic
Wireless Audio Device Market Insights
Lucintel forecasts that bluetooth is expected to witness highest growth over the forecast period due to manufacturers are taking steps to improve the performance of wireless audio devices with bluetooth technology, which is widely used in consumer electronics.
Within this market, residential/individual will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Wireless Audio Device Market
Market Size Estimates: Wireless audio device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wireless audio device market by various segments, such as by functionality, product, technology, application and region in terms of ($B).
Regional Analysis: Wireless audio device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different , functionality, product, technology, application, and regions for the wireless audio device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wireless audio device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the wireless audio device market size?
Answer: The global wireless audio device market is expected to reach an estimated $106.4 billion by 2030.
Q.2 What is the growth forecast for wireless audio device market?
Answer: The global wireless audio device market is expected to grow with a CAGR of 15.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the wireless audio device market?
Answer: The major drivers for this market are increasing consumer interest in a variety of entertainment and information systems, as well as, extensive adoption of bluetooth 5.0 technology and seamless Wi-Fi connectivity with a wide array of smart devices, enhancing overall sound quality.
Q4. What are the major segments for wireless audio device market?
Answer: The future of the global wireless audio device market looks promising with opportunities in the residential/individual, commercial, and automotive markets.
Q5. Who are the key Wireless Audio Device Market companies?
Answer: Some of the key wireless audio device companies are as follows:
• Apple
• Samsung Electronics
• Logitech International
• Sennheiser Electronic
• Sony
• Zound Industries
• Sonos
• Panasonic
Q6. Which wireless audio device market segment will be the largest in future?
Answer: Lucintel forecasts that bluetooth is expected to witness highest growth over the forecast period due to manufacturers are taking steps to improve the performance of wireless audio devices with bluetooth technology, which is widely used in consumer electronics.
Q7. In wireless audio device market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wireless audio device market by functionality (smart devices, and non-smart devices), product (earphones, headphones, true wireless hearables/earbuds, speaker systems, soundbars, headsets, and microphones), technology (bluetooth, wi-fi, bluetooth+wi-fi, airplay, and others), application (residential/individual, commercial, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Wireless Audio Device Market, Wireless Audio Device Market Size, Wireless Audio Device Market Growth, Wireless Audio Device Market Analysis, Wireless Audio Device Market Report, Wireless Audio Device Market Share, Wireless Audio Device Market Trends, Wireless Audio Device Market Forecast, Wireless Audio Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Wireless Audio Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Wireless Audio Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Wireless Audio Device Market by Functionality
3.3.1: Smart Devices
3.3.2: Non-smart Devices
3.4: Global Wireless Audio Device Market by Product
3.4.1: Earphones
3.4.2: Headphones
3.4.3: True Wireless Hearables/Earbuds
3.4.4: Speaker Systems
3.4.5: Soundbars
3.4.6: Headsets
3.4.7: Microphones
3.5: Global Wireless Audio Device Market by Technology
3.5.1: Bluetooth
3.5.2: Wi-Fi
3.5.3: Bluetooth+Wi-Fi
3.5.4: Airplay
3.5.5: Others
3.6: Global Wireless Audio Device Market by Application
3.6.1: Residential/Individual
3.6.2: Commercial
3.6.3: Automotive
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Wireless Audio Device Market by Region
4.2: North American Wireless Audio Device Market
4.2.1: North American Wireless Audio Device Market by Technology: Bluetooth, Wi-Fi, Bluetooth+Wi-Fi, Airplay, and Others
4.2.2: North American Wireless Audio Device Market by Application: Residential/Individual, Commercial, Automotive, and Others
4.3: European Wireless Audio Device Market
4.3.1: European Wireless Audio Device Market by Technology: Bluetooth, Wi-Fi, Bluetooth+Wi-Fi, Airplay, and Others
4.3.2: European Wireless Audio Device Market by Application: Residential/Individual, Commercial, Automotive, and Others
4.4: APAC Wireless Audio Device Market
4.4.1: APAC Wireless Audio Device Market by Technology: Bluetooth, Wi-Fi, Bluetooth+Wi-Fi, Airplay, and Others
4.4.2: APAC Wireless Audio Device Market by Application: Residential/Individual, Commercial, Automotive, and Others
4.5: ROW Wireless Audio Device Market
4.5.1: ROW Wireless Audio Device Market by Technology: Bluetooth, Wi-Fi, Bluetooth+Wi-Fi, Airplay, and Others
4.5.2: ROW Wireless Audio Device Market by Application: Residential/Individual, Commercial, Automotive, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Wireless Audio Device Market by Functionality
6.1.2: Growth Opportunities for the Global Wireless Audio Device Market by Product
6.1.3: Growth Opportunities for the Global Wireless Audio Device Market by Technology
6.1.4: Growth Opportunities for the Global Wireless Audio Device Market by Application
6.1.5: Growth Opportunities for the Global Wireless Audio Device Market by Region
6.2: Emerging Trends in the Global Wireless Audio Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Wireless Audio Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Wireless Audio Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Apple
7.2: Samsung Electronics
7.3: Logitech International
7.4: Sennheiser Electronic
7.5: Sony
7.6: Zound Industries
7.7: Sonos
7.8: Panasonic
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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