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In 2021, the for wireless
audio devices market was estimated to be worth USD 40.58 billion. The
market is anticipated to expand at a CAGR of 17.1% from 2022 to 2029, rising
from USD 47.37 billion in 2022 to USD 143.41 billion in 2029. According to our
data, the global market for wireless audio devices grew by an average of 16.5%
in 2020 compared to 2019.
Since a few years ago, wireless
speakers have been increasingly popular. Users may now stream audio to speakers
from a variety of devices utilising a wireless connection. The popularity of
Bluetooth speakers has significantly increased recently, along with
advancements in Bluetooth protocol and the standardisation of A2DP (Advanced
Audio Distribution Profile).
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Another important element boosting the development of the
wireless audio device market is the evolving technology of these devices, which
have several applications in consumer, commercial, automotive, and other
fields. Additionally, customer preferences for portable devices, advances in
wireless technology, and rising demand for smartphones as a source of
entertainment are propelling growth in this market.
List of key Players:
·
Apple Inc. (U.S.)
·
Samsung Electronics Co., Ltd. (South Korea)
·
Logitech International S.A. (Switzerland)
·
Sennheiser Electronic GmbH & Co. KG
(Germany)
·
Sony Group Corporation (Japan)
·
Zound Industries International AB (Sweden)
·
Sonos, Inc. (U.S.)
·
Panasonic Corporation (Japan)
·
Shure Incorporated (U.S.)
·
Bose Corporation (U.S.)
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Highlight of this
report:
·
The wireless audio device market has seen
significant growth in recent years, driven by advancements in technology and
the increasing popularity of streaming services.
·
Wireless earbuds and headphones have become
particularly popular, with many consumers preferring their convenience and
portability over traditional wired options.
·
The market is expected to continue growing in
the coming years, driven by the increasing adoption of wireless technology and
the development of new, innovative products.
·
Key players in the market include Apple,
Samsung, Bose, and Sony.
·
Incorporation of smart features, such as voice
assistants and fitness tracking, has further increased demand for these
devices.
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