Wireless Audio Device Market

Wireless Audio Device Market by Product (Headphones, True Wireless Hearables/Earbuds, Speaker) Technology (Bluetooth, Wi-Fi, Airplay), Application (Home Audio, Consumer, Professional, Automotive), Functionality and Region - Global Forecast to 2028

Report Code: SE 3050 Sep, 2023, by marketsandmarkets.com

[216 Pages Report]The wireless audio device market is projected to grow from USD 58.5 billion in 2023 to USD 159.3 billion by 2028; it is expected to grow at a CAGR of 22.2% from 2023 to 2028. The expansion of the wireless audio device industry can be largely attributed to shifting consumer preferences, driven by the desire for wireless connectivity due to its convenience, mobility benefits, technological advancements, extended battery life, smartphone trends, and the expanding ecosystem.

Wireless Audio Device Market

Wireless Audio Device Market

Wireless Audio Device Market Forecast to 2028

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Wireless Audio Device Market Dynamics

Driver: Surge in global demand for Truly Wireless (TWS) earbuds and headphones

The increasing popularity of truly wireless earbuds and headphones can be attributed to a number of factors, such as battery life, portability, advanced features that align with evolving consumer preferences, and advancements in technology. Truly wireless earbuds offer compactness and portability, suiting the fast-paced, mobile lifestyles of users. They conveniently fit into small cases that can be stowed in pockets or bags, ensuring that users can always have their audio companions close by. Moreover, truly wireless earbuds come equipped with advanced functionalities like active noise cancellation (ANC), ambient sound modes, touch controls, voice assistants, and seamless device connectivity. These features contribute to an enhanced overall user experience. Truly wireless earbuds are built to work seamlessly with a variety of devices, including smartphones, tablets, laptops, and more. This incorporated feature enhances their versatility, making them suitable for many other purposes.

Restraint: Restrictions on the use of radiofrequency spectrum by wireless audio equipment

Radio frequencies (RF) encompass wireless electromagnetic signals employed for communication purposes. These frequencies span a spectrum from 3 kHz to 300 GHz. The Federal Communications Commission (FCC) oversees the regulation of radio frequency devices present in electrical and electronic products capable of emitting radio frequency energy through various means, including conduction and radiation. Such devices have the potential to interfere with radio services operating within the frequency range of 9 kHz to 3000 GHz. These devices fall under the purview of the FCC's equipment authorization rules, mandating compliance by manufacturers to ensure the smooth operation of their enterprises. Notably, these devices have found rapid adoption in the healthcare sector due to their user-friendly nature and versatile functionalities.

Opportunity:  Advent of Bluetooth LE Audio 

The introduction of the latest LE Audio specification heralds a transformation in the audio market. Going beyond the confines of Classic Audio use cases, LE Audio amplifies Bluetooth technology’s capabilities. It encompasses support for voice calls and music streaming applications, all the while broadening the range of experiences that wireless audio devices can provide. LE Audio also embraces enhanced audio quality, diminished power consumption, enhanced interoperability, simplified development of hearing aids and true wireless (TWS) earbuds, the introduction of new audio device categories, and the emergence of Auracast broadcast audio.

Challenge: Effect of bandwidth constraints, coding delays, and bit errors on audio quality

Engineers responsible for the development of wireless audio devices face the critical task of guaranteeing that these devices deliver impeccable real-time audio quality through wireless technology. Several factors, including limitations in available bandwidth, encoding delays, and potential bit errors, can significantly impact the audio quality provided by these wireless devices. While advancements in wireless technologies like Bluetooth and Wi-Fi bring notable benefits by enabling the reception of digital audio in diverse situations, they also introduce a new hurdle. This challenge arises from the convergence of audio and video within consumer devices, demanding seamless synchronization—a complex task for manufacturers. Furthermore, it's important to acknowledge that allocating the full available bandwidth to wireless audio devices across various applications is not a viable practical solution.

Wireless Audio Device Market Ecosystem

The prominent players in the wireless audio device market are Apple Inc. (US), HARMAN International (South Korea), Bose Corporation (US), Sonos, Inc. (US), and Sony Corporation (Japan). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.

Wireless Audio Device Market by Ecosystem

True Wireless Hearables/Earbuds accounted for the largest market share during the forecast period.

The forecasted period is expected to witness significant growth in the true wireless hearables or earbuds market, primarily driven by robust consumer demand. This heightened demand is attributed to the ongoing advancements in wireless audio technology, which have led to improved connectivity, longer battery life, and superior audio quality. These factors collectively contribute to the rising popularity of truly wireless earbuds among consumers. Furthermore, many of these earbuds are now equipped with active noise-canceling (ANC) features, effectively reducing ambient noise and allowing users to focus on their audio content.

Bluetooth technology accounted for the largest market share during the forecast period.

The wireless audio device market in 2022 was largely influenced by the dominance of the Bluetooth technology segment, and this prevailing pattern is anticipated to persist in the upcoming forecast period. The continuous growth of this segment can be attributed to manufacturers’ efforts to enhance the data transfer capabilities of wireless audio devices that incorporate Bluetooth technology, a widely adopted standard in consumer electronics. Bluetooth technology plays a crucial role in enabling wireless audio streaming across various consumer electronic devices. The growth of this specific segment is a result of manufacturers’ initiatives to improve the data transfer capabilities of wireless audio devices that come with Bluetooth technology, a widely used technology in consumer electronics. Bluetooth technology is instrumental in enabling wireless audio streaming in consumer electronic devices.

Consumer applications accounted for the largest market share during the forecast period.

During the forecast period, the consumer segment is anticipated to exhibit the highest CAGR. This is driven by a growing trend among consumers to adopt wireless audio solutions for their home entertainment systems, including products like soundbars and multi-room audio setups. As a result, consumers are enhancing the overall quality of their audio and visual experiences. Additionally, these wireless audio devices are often integrated into smart home ecosystems, enabling users to conveniently control various aspects such as lighting and thermostats through voice commands.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

In 2028, Asia Pacific is expected to grow at the highest CAGR during the forecast period. This dominance in the market is attributed to the increasing adoption of smart homes and IoT technology within the Asia-Pacific region. Wireless audio devices play a crucial role within these ecosystems, adding to their appeal. Consequently, wireless audio devices are well-positioned to establish a significant presence in the Asia-Pacific market due to their alignment with consumer preferences lifestyle choices, and their compatibility with the technological and economic landscape of the region.

Wireless Audio Device Market by Region

Wireless Audio Device Market by Region

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Key Market Players

The major players in the wireless audio device companies include Apple Inc (US), HARMAN International (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan), Masimo (US), Sennheiser electronic GmbH & Co. KG (Germany), VOXX International Corp.(US), VIZIO, Inc. (US), Marshall Group (Sweden). These companies have used organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships, to strengthen their position in the market.

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Scope of the Report

Report Metric

Details

Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD)

Segments Covered

By Product, By Technology, By Functionality, By Application

Geographies Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

Apple Inc (US), HARMAN International (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan), Masimo (US), Sennheiser electronic GmbH & Co. KG (Germany), VOXX International Corp.(US), VIZIO, Inc. (US), Marshall Group (Sweden), GN Store Nord A/S (Denmark), Plantronics, Inc.(US), Xiaomi (China), Bang & Olufsen (Denmark), Yamaha Corporation (Japan), LG Electronics (South Korea) Imagine Marketing Limited (India), Shure (US).

Wireless Audio Device Market Highlights

This research report categorizes the Wireless Audio Device Market based on product, technology,  functionality, application, and region.

Segment

Subsegment

By Product

  • Introduction
  • Earphones
  • Headphones
  • True Wireless Hearables/ Earbuds
  • Headsets
  • Speaker Systems
  • Soundbars
  • Microphones

By Technology

  • Introduction
  • Bluetooth
  • Wi-Fi
  • Bluetooth + Wi-Fi
  • AirPlay
  • Others

By Technology

  • Introduction
  • Smart Devices
  • Non-smart Devices

By Functionality

  • Introduction
  • Home Audio
  • Consumer
  • Professional
  • Automotive
  • Others

By Application

  • Introduction
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • ROW
    • South America
    • Middle East & Africa

Recent Developments

  • In May 2023, Beats, a subsidiary of Apple Inc., launched Beats Studio Buds + with excellent call quality, improved compatibility with both Apple and Android devices, enjoy up to 36 hours of listening time with the charging case2, and choose from four ear tip options to ensure a comfortable fit that lasts throughout the day.
  • In March 2023, Sonos, Inc. launched two wireless speakers, Era 300 and Era 100. These models mark the inception of an innovative era in sound and design.
  • In October 2022, Bose Corporation announced Smart Soundbar 600, a compact, stylish soundbar equipped with Dolby Atmos and Bose TrueSpace technology, providing remarkably immersive audio despite its size.
  • In January 2022, JBL, a subsidiary of HARMAN KARDON, announced with the launch of the JBL Quantum Stream JBL Quantum 910, JBL Quantum 810 and JBL Quantum 610 .

Frequently Asked Questions:

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 REGIONAL ANALYSIS
           1.3.3 YEARS CONSIDERED
           1.3.4 INCLUSIONS AND EXCLUSIONS
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 INTRODUCTION 
           FIGURE 2 WIRELESS AUDIO DEVICE MARKET: RESEARCH DESIGN
    2.2 RESEARCH DATA 
           FIGURE 3 PRIMARY AND SECONDARY RESEARCH
           2.2.1 SECONDARY DATA
                    2.2.1.1 Secondary sources
                    2.2.1.2 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Breakdown of primary interviews
                    2.2.2.2 Key data from primary sources
                    2.2.2.3 Key industry insights
                    2.2.2.4 Primary sources
    2.3 FACTOR ANALYSIS 
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF WIRELESS AUDIO DEVICES
           2.3.1 WIRELESS AUDIO DEVICE MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS
    2.4 MARKET SIZE ESTIMATION 
           FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
           2.4.1 BOTTOM-UP APPROACH
                    2.4.1.1 Approach to estimate market size using bottom-up analysis
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    2.4.2.1 Approach to estimate market size using top-down analysis (supply side)
                               FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.5 MARKET BREAKDOWN & DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS 
           2.6.1 ASSUMPTIONS
           2.6.2 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON WIRELESS AUDIO DEVICE MARKET
    2.7 RESEARCH LIMITATIONS 
    2.8 RISK ASSESSMENT 
           TABLE 1 WIRELESS AUDIO DEVICE MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 40)
    FIGURE 10 WIRELESS AUDIO DEVICE MARKET, 2019–2028
    FIGURE 11 CONSUMER SEGMENT TO HOLD LARGEST SIZE OF WIRELESS AUDIO DEVICE MARKET IN 2028
    FIGURE 12 BLUETOOTH SEGMENT TO REGISTER HIGHEST CAGR IN WIRELESS AUDIO DEVICE MARKET FROM 2023 TO 2028
    FIGURE 13 ASIA PACIFIC HELD LARGEST SHARE OF WIRELESS AUDIO DEVICE MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WIRELESS AUDIO DEVICE MARKET 
           FIGURE 14 INCREASING CONSUMER PREFERENCE FOR WIRELESS AUDIO DEVICES TO DRIVE MARKET
    4.2 WIRELESS AUDIO DEVICE MARKET, BY PRODUCT 
           FIGURE 15 TRUE WIRELESS HEARABLES/EARBUDS SEGMENT TO EXHIBIT HIGHEST CAGR IN WIRELESS AUDIO DEVICE MARKET FROM 2023 TO 2028
    4.3 WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY 
           FIGURE 16 SMART DEVICES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FROM 2023 TO 2028
    4.4 WIRELESS AUDIO DEVICE MARKET, BY TECHNOLOGY AND APPLICATION 
           FIGURE 17 BLUETOOTH TECHNOLOGY AND CONSUMER APPLICATION TO CAPTURE LARGEST MARKET SHARES IN 2023
    4.5 WIRELESS AUDIO DEVICE MARKET, BY REGION 
           FIGURE 18 WIRELESS AUDIO DEVICE MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 WIRELESS AUDIO DEVICE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Surge in demand for truly wireless (TWS) earbuds and headphones
                               TABLE 2 GLOBAL SHIPMENT OF TWS DEVICES IN 2021 AND 2022
                    5.2.1.2 Rise in use of wireless audio devices in commercial sector
                    5.2.1.3 Rising need for uninterrupted, immersive, and individualized audio experience
                               FIGURE 20 DRIVERS AND THEIR IMPACT ON WIRELESS AUDIO DEVICE MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Restrictions on use of radiofrequency spectrum in wireless audio equipment
                    5.2.2.2 Hearing impairment resulting from continuous and prolonged exposure to audio devices
                    5.2.2.3 Interference caused by wireless audio devices in functioning of implanted medical devices
                               FIGURE 21 RESTRAINTS AND THEIR IMPACT ON WIRELESS AUDIO DEVICE MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Shifting focus of wireless audio device manufacturers toward development of smart audio devices
                    5.2.3.2 Development of Alexa-compatible wireless headphones to remotely control home appliances through voice commands
                    5.2.3.3 Advent of Bluetooth LE Audio
                    5.2.3.4 Increased demand for home theaters and liquid crystal displays (LCDs)
                               FIGURE 22 OPPORTUNITIES AND THEIR IMPACT ON WIRELESS AUDIO DEVICE MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Effect of bandwidth constraints, coding delays, and bit errors on audio quality
                               FIGURE 23 CHALLENGES AND THEIR IMPACT ON WIRELESS AUDIO DEVICE MARKET
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 24 WIRELESS AUDIO DEVICE MARKET: SUPPLY CHAIN ANALYSIS
    5.4 ECOSYSTEM MAPPING 
           FIGURE 25 WIRELESS AUDIO DEVICE MARKET: ECOSYSTEM
           TABLE 3 WIRELESS AUDIO DEVICE MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM
    5.5 AVERAGE SELLING PRICE TREND ANALYSIS 
           FIGURE 26 ASP TRENDS FOR WIRELESS HEADPHONES, EARPHONES, TRUE WIRELESS HEARABLES/EARBUDS, AND HEADSETS, 2019–2028
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 27 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN WIRELESS AUDIO DEVICE MARKET
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 NEXT GENERATION OF BLUETOOTH AUDIO
           5.7.2 IMPLEMENTATION OF AI TECHNOLOGY IN WIRELESS SYSTEMS TO FACILITATE NOISE CANCELLATION
           5.7.3 DEVELOPMENT OF TRULY WIRELESS (TWS) EARBUDS AND HEADPHONES
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 4 WIRELESS AUDIO DEVICE MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 28 PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 30 KEY BUYING CRITERIA FOR MAJOR APPLICATIONS
                    TABLE 6 KEY BUYING CRITERIA, BY APPLICATION
    5.10 CASE STUDY ANALYSIS 
           5.10.1 BOSE CORPORATION’S NOISE-CANCELING HEADPHONES MAKE AIR TRAVEL BETTER WITH UNMATCHED IN-FLIGHT ENTERTAINMENT
           5.10.2 FOREVER LIVING PRODUCTS JAPAN OVERCOMES WIRELESS MICROPHONE CHALLENGES WITH SPEECHLINE DIGITAL WIRELESS SYSTEM OFFERED BY SENNHEISER
    5.11 TRADE ANALYSIS 
           5.11.1 IMPORT SCENARIO
                    TABLE 7 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 851830, BY COUNTRY, 2018–2022 (USD MILLION)
           5.11.2 EXPORT SCENARIO
                    TABLE 8 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 851830, BY COUNTRY, 2018–2022 (USD MILLION)
    5.12 PATENT ANALYSIS 
           TABLE 9 LIST OF PATENTS PERTAINING TO WIRELESS AUDIO DEVICE MARKET, 2021–2023
           FIGURE 31 NUMBER OF PATENTS GRANTED FOR WIRELESS AUDIO DEVICES FROM 2012 TO 2022
    5.13 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 10 WIRELESS AUDIO DEVICE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 TARIFFS AND REGULATORY LANDSCAPE 
           5.14.1 STANDARDS
                    5.14.1.1 Federal Communications Commission (FCC)
                    5.14.1.2 International Organization for Standardization (ISO)
           5.14.2 TARIFFS
                    TABLE 11 TARIFFS FOR HS CODE 851830-COMPLIANT PRODUCTS EXPORTED BY GERMANY (2022)
                    TABLE 12 TARIFFS FOR HS CODE 851830-COMPLIANT PRODUCTS EXPORTED BY CHINA (2022)
           5.14.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
6 WIRELESS AUDIO DEVICE MARKET, BY APPLICATION (Page No. - 70)
    6.1 INTRODUCTION 
           FIGURE 32 CONSUMER SEGMENT TO REGISTER HIGHEST CAGR IN WIRELESS AUDIO DEVICE MARKET DURING FORECAST PERIOD
           TABLE 16 WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
           TABLE 17 WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
    6.2 HOME AUDIO 
           6.2.1 INCREASED USE OF WIRELESS AUDIO DEVICES FOR IN-HOME APPLICATIONS TO FUEL MARKET GROWTH
                    TABLE 18 HOME AUDIO: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 19 HOME AUDIO: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    6.3 PROFESSIONAL 
           6.3.1 INCREASING DEMAND FOR HIGH-END WIRELESS AUDIO DEVICES FROM VARIOUS INDUSTRIES TO AUGMENT MARKET GROWTH
                    TABLE 20 PROFESSIONAL: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 21 PROFESSIONAL: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    6.4 CONSUMER 
           6.4.1 RISE IN ADOPTION OF TECHNOLOGICALLY ADVANCED SMARTPHONES TO DRIVE MARKET
                    TABLE 22 CONSUMER: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 23 CONSUMER: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    6.5 AUTOMOTIVE 
           6.5.1 FOCUS ON ENHANCING IN-CAR ENTERTAINMENT AND COMMUNICATION EXPERIENCES TO BOOST ADOPTION OF WIRELESS AUDIO DEVICES
                    TABLE 24 AUTOMOTIVE: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 25 AUTOMOTIVE: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    6.6 OTHERS 
           TABLE 26 OTHERS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
           TABLE 27 OTHERS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
 
7 WIRELESS AUDIO DEVICE MARKET, BY PRODUCT (Page No. - 79)
    7.1 INTRODUCTION 
           FIGURE 33 TRUE WIRELESS HEARABLES/EARBUDS SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
           TABLE 28 WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD BILLION)
           TABLE 29 WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD BILLION)
           TABLE 30 WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (MILLION UNITS)
           TABLE 31 WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (MILLION UNITS)
    7.2 HEADPHONES 
           7.2.1 INCREASED POPULARITY OF NOISE-CANCELATION FEATURE TO FUEL DEMAND FOR WIRELESS HEADPHONES
                    TABLE 32 HEADPHONES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 33 HEADPHONES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.3 EARPHONES 
           7.3.1 RISING PENETRATION OF SMARTPHONES TO DRIVE MARKET FOR EARPHONES
                    TABLE 34 EARPHONES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 35 EARPHONES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.4 TRUE WIRELESS HEARABLES/EARBUDS 
           7.4.1 ABILITY TO PROVIDE SUPERIOR AUDIO EXPERIENCES ACROSS BROAD SPECTRUM OF ACTIVITIES TO DRIVE DEMAND FOR TRUE WIRELESS HEARABLES
                    TABLE 36 TRUE WIRELESS HEARABLES/EARBUDS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 37 TRUE WIRELESS HEARABLES/EARBUDS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.5 HEADSETS 
           7.5.1 INCREASING DEMAND FOR WIRELESS HANDS-FREE COMMUNICATION TO BOOST ADOPTION OF HEADSETS
                    TABLE 38 HEADSETS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 39 HEADSETS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.6 SPEAKERS 
           7.6.1 CONVENIENCE, PORTABILITY, AND FLEXIBILITY OF SPEAKERS TO CONTRIBUTE TO MARKET GROWTH
                    TABLE 40 SPEAKERS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 41 SPEAKERS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.7 SOUNDBARS 
           7.7.1 COMPATIBILITY WITH TV SETS, SMARTPHONES, AND MUSIC SYSTEMS TO PROPEL DEMAND FOR SOUNDBARS
                    TABLE 42 SOUNDBARS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 43 SOUNDBARS: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.8 MICROPHONES 
           7.8.1 IMPROVEMENTS IN OUTPUT SOUND QUALITY TO LEAD TO HEIGHTENED ADOPTION OF WIRELESS MICROPHONES
                    TABLE 44 MICROPHONES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 45 MICROPHONES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
 
8 WIRELESS AUDIO DEVICE MARKET, BY TECHNOLOGY (Page No. - 90)
    8.1 INTRODUCTION 
           FIGURE 34 BLUETOOTH SEGMENT TO RECORD HIGHEST CAGR FROM 2023 TO 2028
           TABLE 46 WIRELESS AUDIO DEVICE MARKET, BY TECHNOLOGY, 2019–2022 (USD BILLION)
           TABLE 47 WIRELESS AUDIO DEVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD BILLION)
    8.2 BLUETOOTH 
           8.2.1 COST-EFFECTIVENESS AND COMPATIBILITY TO BOOST DEMAND FOR BLUETOOTH-BASED WIRELESS AUDIO DEVICES
    8.3 WI-FI 
           8.3.1 ABILITY TO STREAM HIGH-QUALITY AUDIO CONTENT TO BOOST DEMAND FOR WI-FI
    8.4 BLUETOOTH+WI-FI 
           8.4.1 HIGH-SPEED CONNECTIVITY AND LOW POWER CONSUMPTION TO LEAD TO INCORPORATION OF BLUETOOTH+WI-FI IN WIRELESS AUDIO DEVICES
    8.5 AIRPLAY 
           8.5.1 INCREASED USE OF AIRPLAY FOR WIRELESS STREAMING OF DATA ON APPLE DEVICES TO DRIVE SEGMENTAL LANDSCAPE
    8.6 RADIOFREQUENCY 
           8.6.1 INCREASED ADOPTION OF RADIO FREQUENCY TECHNOLOGY IN PROFESSIONAL AUDIO EQUIPMENT TO DRIVE MARKET
    8.7 OTHERS 
           8.7.1 WIRELESS SPEAKER & AUDIO (WISA)
           8.7.2 KLEERNET
           8.7.3 ALLPLAY
           8.7.4 SKAA
           8.7.5 PLAY-FI
           8.7.6 INFRARED (IR)
 
9 WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY (Page No. - 96)
    9.1 INTRODUCTION 
           TABLE 48 WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2019–2022 (USD BILLION)
           FIGURE 35 SMART DEVICES SEGMENT TO EXHIBIT HIGHER CAGR IN WIRELESS AUDIO DEVICE MARKET FROM 2023 TO 2028
           TABLE 49 WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2023–2028 (USD BILLION)
    9.2 SMART DEVICES 
           9.2.1 RISE IN USE OF VOICE ASSISTANTS AND HOME AUTOMATION TO DRIVE MARKET
                    TABLE 50 SMART DEVICES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 51 SMART DEVICES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
    9.3 NON-SMART DEVICES 
           9.3.1 USE OF NON-SMART WIRELESS AUDIO DEVICES FOR AUDIO AMPLIFICATION AND ENHANCEMENT TO DRIVE MARKET
                    TABLE 52 NON-SMART DEVICES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
                    TABLE 53 NON-SMART DEVICES: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
 
10 WIRELESS AUDIO DEVICE MARKET, BY REGION (Page No. - 100)
     10.1 INTRODUCTION 
             FIGURE 36 WIRELESS AUDIO DEVICE MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
             TABLE 54 WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
             TABLE 55 WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
     10.2 NORTH AMERICA 
             FIGURE 37 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET SNAPSHOT
             TABLE 56 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD BILLION)
             TABLE 57 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD BILLION)
             TABLE 58 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
             TABLE 59 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
             TABLE 60 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2019–2022 (USD BILLION)
             TABLE 61 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2023–2028 (USD BILLION)
             TABLE 62 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
             TABLE 63 NORTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.2.1 IMPACT OF RECESSION ON NORTH AMERICA
             10.2.2 US
                        10.2.2.1 Presence of numerous wireless audio device manufacturers to drive market
                                     TABLE 64 US: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD BILLION)
                                     TABLE 65 US: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD BILLION)
             10.2.3 CANADA
                        10.2.3.1 Growing inclination of consumers toward adoption of innovative products to contribute to market growth
                                     TABLE 66 CANADA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 67 CANADA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.2.4 MEXICO
                        10.2.4.1 Increased investments in consumer electronics industry to drive market
                                     TABLE 68 MEXICO: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 69 MEXICO: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
     10.3 EUROPE 
             FIGURE 38 EUROPE: WIRELESS AUDIO DEVICE MARKET SNAPSHOT
             TABLE 70 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD BILLION)
             TABLE 71 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD BILLION)
             TABLE 72 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
             TABLE 73 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
             TABLE 74 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2019–2022 (USD BILLION)
             TABLE 75 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2023–2028 (USD BILLION)
             TABLE 76 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
             TABLE 77 EUROPE: WIRELESS AUDIO DEVICE MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.3.1 IMPACT OF RECESSION ON EUROPE
             10.3.2 UK
                        10.3.2.1 Rising popularity of online music and radio streaming to fuel market growth
                                     TABLE 78 UK: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 79 UK: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.3.3 GERMANY
                        10.3.3.1 Increasing popularity of soundbars and wireless streaming speakers to spur market growth
                                     TABLE 80 GERMANY: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 81 GERMANY: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.3.4 FRANCE
                        10.3.4.1 Growing adoption of wireless audio devices for home entertainment applications to contribute to market growth
                                     TABLE 82 FRANCE: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 83 FRANCE: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.3.5 REST OF EUROPE
                        TABLE 84 REST OF EUROPE: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                        TABLE 85 REST OF EUROPE: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
     10.4 ASIA PACIFIC 
             FIGURE 39 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET SNAPSHOT
             TABLE 86 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD BILLION)
             TABLE 87 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD BILLION)
             TABLE 88 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
             TABLE 89 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
             TABLE 90 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2019–2022 (USD BILLION)
             TABLE 91 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET BY FUNCTIONALITY, 2023–2028 (USD BILLION)
             TABLE 92 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY COUNTRY, 2019–2022 (USD BILLION)
             TABLE 93 ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.4.1 IMPACT OF RECESSION ON ASIA PACIFIC
             10.4.2 CHINA
                        10.4.2.1 Increasing presence of international wireless speaker manufacturers to support market growth
                                     TABLE 94 CHINA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD BILLION)
                                     TABLE 95 CHINA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD BILLION)
             10.4.3 JAPAN
                        10.4.3.1 Surging demand for consumer electronics equipped with wireless audio devices to boost market
                                     TABLE 96 JAPAN: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 97 JAPAN: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.4.4 SOUTH KOREA
                        10.4.4.1 Increasing focus of consumer electronics industry on developing wireless audio products to foster market growth
                                     TABLE 98 SOUTH KOREA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 99 SOUTH KOREA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.4.5 INDIA
                        10.4.5.1 Increasing disposable income to boost adoption of wireless audio devices
                                     TABLE 100 INDIA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 101 INDIA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.4.6 REST OF ASIA PACIFIC
                        TABLE 102 REST OF ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                        TABLE 103 REST OF ASIA PACIFIC: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
     10.5 REST OF THE WORLD (ROW) 
             TABLE 104 ROW: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
             TABLE 105 ROW: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             TABLE 106 ROW: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
             TABLE 107 ROW: WIRELESS AUDIO DEVICE MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
             TABLE 108 ROW: WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2019–2022 (USD BILLION)
             TABLE 109 ROW: WIRELESS AUDIO DEVICE MARKET, BY FUNCTIONALITY, 2023–2028 (USD BILLION)
             TABLE 110 ROW: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2019–2022 (USD BILLION)
             TABLE 111 ROW: WIRELESS AUDIO DEVICE MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.5.1 IMPACT OF RECESSION ON ROW
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Adoption of emerging technologies to favor market growth
                                     TABLE 112 SOUTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 113 SOUTH AMERICA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             10.5.3 MIDDLE EAST & AFRICA
                        10.5.3.1 Surging demand for wireless headphones and speakers to fuel market growth
                                     TABLE 114 MIDDLE EAST & AFRICA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                                     TABLE 115 MIDDLE EAST & AFRICA: WIRELESS AUDIO DEVICE MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 134)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 116 OVERVIEW OF STRATEGIES ADOPTED BY TOP 5 WIRELESS AUDIO DEVICE MANUFACTURERS FROM 2020 TO 2023
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC STRATEGIES
     11.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 117 WIRELESS AUDIO DEVICE MARKET: DEGREE OF COMPETITION, 2022
     11.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 
             FIGURE 40 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN WIRELESS AUDIO DEVICE MARKET, 2018–2022
     11.5 EVALUATION MATRIX FOR MAJOR PLAYERS, 2022 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 41 WIRELESS AUDIO DEVICE MARKET: EVALUATION MATRIX FOR KEY COMPANIES, 2022
     11.6 COMPANY FOOTPRINT 
             TABLE 118 OVERALL COMPANY FOOTPRINT
             TABLE 119 COMPANY OFFERING FOOTPRINT
             TABLE 120 COMPANY APPLICATION FOOTPRINT
             TABLE 121 COMPANY REGION FOOTPRINT
     11.7 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 42 WIRELESS AUDIO DEVICE MARKET: EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022
             11.7.5 COMPETITIVE BENCHMARKING
                        TABLE 122 WIRELESS AUDIO DEVICE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 123 WIRELESS AUDIO DEVICE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (OFFERING FOOTPRINT)
                        TABLE 124 WIRELESS AUDIO DEVICE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (APPLICATION FOOTPRINT)
                        TABLE 125 WIRELESS AUDIO DEVICE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (REGION FOOTPRINT)
     11.8 COMPETITIVE SCENARIOS AND TRENDS 
             11.8.1 PRODUCT LAUNCHES
                        TABLE 126 PRODUCT LAUNCHES, JANUARY 2020–JULY 2023
             11.8.2 DEALS
                        TABLE 127 DEALS, JANUARY 2020–JULY 2023
             11.8.3 OTHERS
                        TABLE 128 OTHERS, JANUARY 2020–JULY 2023
 
12 COMPANY PROFILES (Page No. - 159)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*  
     12.1 KEY PLAYERS 
             12.1.1 APPLE INC.
                        TABLE 129 APPLE INC.: COMPANY OVERVIEW
                        FIGURE 43 APPLE INC.: COMPANY SNAPSHOT
                        TABLE 130 APPLE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 131 APPLE INC.: PRODUCT LAUNCHES/DEVELOPMENTS
             12.1.2 SAMSUNG (HARMAN INTERNATIONAL)
                        TABLE 132 HARMAN INTERNATIONAL: COMPANY OVERVIEW
                        FIGURE 44 HARMAN INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 133 HARMAN INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 134 HARMAN INTERNATIONAL: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 135 HARMAN INTERNATIONAL: DEALS
             12.1.3 BOSE CORPORATION
                        TABLE 136 BOSE CORPORATION: COMPANY OVERVIEW
                        TABLE 137 BOSE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 138 BOSE CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 139 BOSE CORPORATION: DEALS
             12.1.4 SONOS, INC.
                        TABLE 140 SONOS, INC.: COMPANY OVERVIEW
                        FIGURE 45 SONOS, INC.: COMPANY SNAPSHOT
                        TABLE 141 SONOS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 142 SONOS, INC.: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 143 SONOS, INC.: DEALS
                        TABLE 144 SONOS, INC.: OTHERS
             12.1.5 SONY CORPORATION
                        TABLE 145 SONY CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 SONY CORPORATION: COMPANY SNAPSHOT
                        TABLE 146 SONY CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 SONY CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
             12.1.6 MASIMO
                        TABLE 148 MASIMO: COMPANY OVERVIEW
                        FIGURE 47 MASIMO: COMPANY SNAPSHOT
                        TABLE 149 MASIMO: PRODUCTS/SOLUTION/SERVICES OFFERED
                        TABLE 150 MASIMO: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 151 MASIMO: OTHERS
             12.1.7 SENNHEISER ELECTRONIC GMBH & CO. KG
                        TABLE 152 SENNHEISER ELECTRONIC GMBH & CO. KG: COMPANY OVERVIEW
                        TABLE 153 SENNHEISER ELECTRONIC GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 154 SENNHEISER ELECTRONIC GMBH & CO. KG: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 155 SENNHEISER ELECTRONIC GMBH & CO. KG: DEALS
             12.1.8 VIZIO, INC.
                        TABLE 156 VIZIO, INC.: COMPANY OVERVIEW
                        FIGURE 48 VIZIO, INC.: COMPANY SNAPSHOT
                        TABLE 157 VIZIO, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 158 VIZIO, INC.: PRODUCT LAUNCHES/DEVELOPMENTS
             12.1.9 VOXX INTERNATIONAL CORP.
                        TABLE 159 VOXX INTERNATIONAL CORP.: COMPANY OVERVIEW
                        FIGURE 49 VOXX INTERNATIONAL CORP.: COMPANY SNAPSHOT
                        TABLE 160 VOXX INTERNATIONAL CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 161 VOXX INTERNATIONAL CORP.: PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 162 VOXX INTERNATIONAL CORP.: DEALS
             12.1.10 MARSHALL GROUP (ZOUND INDUSTRIES)
                        TABLE 163 MARSHALL GROUP (ZOUND INDUSTRIES): COMPANY OVERVIEW
                        FIGURE 50 MARSHALL GROUP (ZOUND INDUSTRIES): COMPANY SNAPSHOT
                        TABLE 164 MARSHALL GROUP (ZOUND INDUSTRIES): PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.  
     12.2 OTHER PLAYERS 
             12.2.1 YAMAHA CORPORATION
             12.2.2 LG ELECTRONICS
             12.2.3 IMAGINE MARKETING LIMITED (BOAT LIFESTYLE)
             12.2.4 XIAOMI
             12.2.5 BANG & OLUFSEN
             12.2.6 GN STORE NORD A/S
             12.2.7 PLANTRONICS, INC.
             12.2.8 SHURE
             12.2.9 DALI
             12.2.10 JAYBIRD
 
13 APPENDIX (Page No. - 210)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

 

 

The study involved four major activities in estimating the size of the wireless audio device market. Exhaustive secondary research has been conducted to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering wireless audio devices have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.

Secondary research has been conducted mainly to obtain critical information about the market’s value chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both demand- and technology-oriented perspectives. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the wireless audio device market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: North America, Europe, Asia Pacific, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Wireless Audio Device Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the Wireless Audio Device Market.

  • Identifying end users that are either using or are expected to use wireless audio devices.
  • Analyzing major providers of wireless audio devices and original equipment manufacturers (OEMs) as well as studying their portfolios and understanding different technologies used.
  • Analyzing historical and current data pertaining to the market, in terms of volume, for each product segment of the wireless audio devices market.
  • Analyzing the average selling price of wireless audio devices based on different technologies used in different products.
  • Arriving at the market estimates by analyzing the revenue of companies and then combining these figures to arrive at the market size.
  • Studying various paid and unpaid sources, such as annual reports, press releases, white papers, and databases, to gather the required information. 
  • Tracking the ongoing developments and identifying the upcoming ones in the market that include investments, research and development activities, product launches, collaborations, and partnerships undertaken, as well as forecasting the market based on these developments and other critical parameters.
  • Carrying out multiple discussions with the key opinion leaders to understand the wireless audio device technologies and related raw materials, as well as products designed and developed to analyze the break-up of the scope of work carried out by the key companies' manufacturing panels.
  • Verifying and cross-checking the estimate at every level through discussions with key opinion leaders such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts in MarketsandMarkets.

Wireless Audio Device Market Size, and Bottom-up approach

The top-down approach has been used to estimate and validate the total size of the Wireless Audio Device Market.

  • Focusing on top-line investments and expenditures being made in the ecosystems of various end users.
  • Calculating the market size considering revenues generated by major players through the cost of the wireless audio device systems.
  • Segmenting each application of wireless audio device in each region and deriving the global market size based on region.
  • Acquiring and analyzing information related to revenues generated by players through their key product offerings.
  • Conducting multiple on-field discussions with key opinion leaders involved in the development of various wireless audio device offerings.
  • Estimating the geographic split using secondary sources based on various factors, such as the number of players in a specific country and region and the types of wireless audio device technology used in home audio, consumer, professional and automotive.

Wireless Audio Device Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the wireless audio device market through the process explained, the total market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. The market has also been validated using the top-down and bottom-up approaches.

Market Definition

A wireless audio device refers to an instrument or a device that uses wireless technology to transmit or receive audio signals through wireless technologies such as Bluetooth, radiofrequency, and Wi-Fi. The wireless audio devices such as wireless speakers, soundbars, headphones, earphones, microphones, and headsets in the consumer electronics sector implement these technologies.

Key Stakeholders

  • Brand Product Manufacturers/Original Equipment Manufacturers (OEMs)/Original Device Manufacturers (ODMs)
  • Wireless Audio Device System Manufacturers
  • Semiconductor Component Suppliers/Foundries
  • Wireless Audio Device Material and Component Suppliers
  • Manufacturing Equipment Suppliers
  • System Integrators
  • Technology/IP Developers
  • Consulting and Market Research Service Providers
  • Wireless Audio Devices and Material-related Associations, Organizations, Forums, and Alliances
  • Venture Capitalists and Startups
  • Research and Educational Institutes
  • Distributors and Resellers
  • End Users

Report Objectives

  • To define, describe, and forecast the wireless audio device market based on technology, functionality, application, and region in terms of value
  • To describe and forecast the market size for product of wireless audio device market, in terms of value and volume
  • To forecast the market size, in terms of value and volume, for various segments with regard to
    four main regions — North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the value chain pertaining to the wireless audio device ecosystem, along with the average selling prices of different types of wireless audio device
  • To strategically analyze the ecosystem, Porter’s five forces, technology analysis, tariffs and regulations, patent analysis, trade analysis, key conferences and events, and case studies pertaining to the market under study
  • To analyze the micromarkets1 with respect to industry trends, prospects, and contribution to the total market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market and provide a detailed competitive landscape for market leaders
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies2
  • To analyze strategic developments such as new product launches, collaborations, contracts, expansion and partnerships undertaken by the leading players in the wireless audio device market

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Sep, 2023
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