Wireless Audio Devices Market

Wireless Audio Devices Market
Significant Growth in the
Market for Sound bars
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and
Industry Forecast,
2014-2022

Wireless Audio Devices Market
Introduction
Global Wireless Audio Devices Market Report, published by Allied Market Research,
forecasts that the global market is expected to garner $38,807.5 million by 2022,
registering a CAGR of 24.4% during the period 2016-2022.
Wireless speaker systems segment is expected to dominate the market throughout
2014 - 2022.
North America is expected to be the leading region in the market during the forecast
period.
Wireless audio devices have emerged as an ideal alternative to traditional wired audio
devices, owing to their portability, convenience, cost-effectiveness, efficiency, and
flexibility.
Increasing penetration of infotainment devices, such as mobile phones, laptops,
tablets, automobile infotainment devices, coupled with increasing demand for
mobility services drive the market growth.

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Wireless Audio Devices Market

Wireless Audio Devices Market
Overview
The Global Wireless audio devices market are used to transmit and receive various
audio signals through wireless technologies, namely, Wi-Fi, Bluetooth, and AirPlay,
among others.
Wireless headphones, microphones, speakers, sound bars, and audio systems, radio
tuners, and others are various types of wireless audio devices available in the market.
Increasing penetration of infotainment devices, rising adoption of mobile devices, and
increasing applications of wireless audio devices in the commercial sector including,
events, shows, call centers, and others are the key driving factors of the market.
Stringent government regulations have been imposed regarding the frequency range
of audio devices.
In addition, use of these devices at more than 85 decibels (dB) for 8 hours or more
could adversely affect hearing ability of users.

Top Impacting Factors
Wireless Audio Devices Market

Wireless Audio Devices Market
Top Impacting Factors
Increasing penetration of infotainment devices :
The penetration of infotainment devices such as televisions, PCs, mobile phones,
laptops, tablets, and in-vehicle infotainment devices has increased in the recent years
Growing need for mobility services:
The demand for mobility services among consumers for seamless connectivity and
ease accessibility of information and resources has increased in the recent years.
Increasing applications of wireless audio devices in commercial sector:
Wireless audio devices are widely used in commercial sectors, such as media &
entertainment, education, and corporate for various purposes including conferences,
meetings, sport events, news broadcasting, and auctions among others.

Wireless Audio Devices Market
Key Findings
In 2015, wireless speaker systems segment dominated the overall wireless audio
devices market in terms of revenue, and is projected to grow at a CAGR of 23.5%
during the forecast period.
Airplay technology segment is expected to grow at a remarkable CAGR of 26.6% from
2016 to 2022.
Sound bars segment is projected to grow at the highest CAGR of 28.2% during the
forecast period.
Consumer segment is projected to generate the highest revenue in the market during
the forecast period.
In 2015, North America generated the highest revenue among all regions in
thewireless audio devices market.

Wireless Audio Devices Market
Key Players
Apple, Inc., Bose Corporation, Harman International Industries, Incorporated, Sony
Corporation, and Shure Incorporated among others are some of the prominent players
in the market.
Market players have focused on technological advancement of products and
acquisitions for expansion in the market.
For instance, in May 2016, Apple, Inc., a leading player in the industry, introduced
wireless EarPods in the wireless headphones segment to expand its customer base and
increase product offerings in wireless technology.

Wireless Audio Devices Market
Key Segments
BY PRODUCT
• Wireless Headsets & Microphones
• Wireless Speaker Systems
• Sound Bars
• Others (A/V Receivers, Power Amplifiers, and Radio Tuners)
BY TECHNOLOGY
• Bluetooth
• Wi-Fi
• Airplay
• Others (Sonos and SKAA)
BY PRODUCT
• Commercial
• Consumer
• Automotive
• Others (Defense & Security)

Wireless Audio Devices Market
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