Wireless Audio Device Market by Product (Speaker Systems, Soundbars, Headsets, Headphones, Microphones), Technology (Bluetooth, Wi-Fi, AirPlay), Application (Home Audio, Consumer, Commercial), Functionality, Region - Global Forecast to 2025
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Request Now[164 Pages Report] The wireless audio device market size is projected to grow from USD 57.3 billion in 2020 to USD 134.2 billion by 2025; it is expected to grow at a CAGR of 18.6% from 2020 to 2025. Factors such as surge in the global demand for infotainment devices, rise in use of wireless audio devices in commercial sector, and increased R&D expenditure by OEMs for the development of new and advanced wireless audio devices are fueling the growth of the market.
Among technologies, the Bluetooth+Wi-Fi segment of the wireless audio device market is projected to grow at the highest CAGR in terms of value during the forecast period.
The integration of Wi-Fi and Bluetooth technologies on a single IC leads to the development of cost-effective and compact wireless audio devices. Consumers are demanding uninterrupted connectivity to different devices from their smartphones. Bluetooth, global positioning system (GPS), and Wi-Fi, among other technologies, increase the utility of smartphones by offering them high-speed connectivity. As such, manufacturers are incorporating these connecting technologies in their smartphones to develop compact and cost-effective phones.
The consumer application segment of the wireless audio device market in APAC is projected to grow at the highest CAGR in terms of value during the forecast period.
Wireless audio devices such as headphones and headsets are used in consumer electronics such as smartphones, computers, and gaming consoles. Rising adoption of technologically-advanced smartphones has led to an increased demand for wireless headphones and headsets in APAC. These smartphones can also be used to play music wirelessly through speaker systems and soundbars.
The wireless audio device market in India is projected to grow at the highest CAGR in terms of value during the forecast period.
The consumer electronics sector in India has witnessed substantial growth over the last few years. This sector plays a significant role in the economy of the country and provides employment to a huge part of its population. Rising individual income level, increasing foreign direct investments, and growing government impetus with Make in India initiative have led to the growth of the consumer electronics sector in India, thereby leading to the growth of the wireless audio device market in the country.
Key Market Players
Key players operating in the wireless audio device market are Apple Inc. (US), HARMAN International Industries Inc. (US), Bose Corporation (US), Sonos Inc. (US), Sony Corporation (Japan), DEI Holdings, Inc. (US), Sennheiser Electronic GmbH & Co. KG (Germany), VIZIO, Inc. (US), VOXX International Corporation (US), Plantronics Inc. (US), Ossic Corporation (US), Phazon (Canada), Trόsound Audio (US), Jam (US), Earin (Sweden), Human (US), Bragi (Germany), Jaybird (US), Devialet (France), and Dali A/S (Denmark).
APPLE INC. (US)
With several new players entering the wireless earbuds market space, Apple has launched its next-generation AirPods with additional functionalities such as noise cancellation and water resistance. These new launches have successfully marked the first time when Apple has segmented its AirPods line in a significant way. The growing focus of the company on integrating sensors with wearables such as watches and wrist-worn devices has led to the development of devices that can be placed near the ears of users as the blood flow signal from ears is strong. These devices placed near the ears of users make it easy to track their heart rate. With hand-worn wearables already garnering a lot of attention, smart hearables could be the next step in wearable technology. Apple is likely to embrace this shift through its earbuds, which are expected to act as both audio players and fitness trackers with advanced features. These earbuds are also expected to be able to track the distance run and the calories burned by wearers, as well as focus on their well-being.
HARMAN INTERNATIONAL INDUSTRIES, INC. (US)
HARMAN International Industries, Inc. has adopted the strategy of owning several consumer-facing audio brands over time that have managed to build their own identity and position in the marketplace. A recent example that perfectly reflects the ability of the company to understand the audio requirements of its consumers is the launch of an all-new lifestyle audio device brandInfinity by HARMAN tuned for the market in India. The company can add more functionalities, such as the adaptive sound functionality, to its products. Contrary to the noise cancellation feature, the adaptive sound functionality feature drowns noise in the external environment to automatically adjust the volume as users move from a quiet room to a noisy subway station. The feature helps save the trouble of manually increasing or decreasing volume.
Scope of the Report
|
Report Metric |
Details |
|
Market Size Available for Years |
20172025 |
|
Base Year |
2019 |
|
Forecast Period |
20202025 |
|
Forecast Units |
Value (USD Million/Billion) and Volume (Million Units and Thousand Units) |
|
Segments Covered |
Product, Technology, Functionality, Application, and Region |
|
Regions Covered |
Americas, APAC, Europe, and RoW |
|
Companies Covered |
Apple Inc. (US), HARMAN International Industries Inc. (US), Bose Corporation (US), Sonos Inc. (US), Sony Corporation (Japan), DEI Holdings, Inc. (US), Sennheiser Electronic GmbH & Co. KG (Germany), VIZIO, Inc. (US), VOXX International Corporation (US), Plantronics Inc. (US), Ossic Corporation (US), Phazon (Canada),Trόsound Audio (US), Jam (US), Earin (Sweden), Human (US), Bragi (Germany), Jaybird (US), Devialet (France), and Dali A/S (Denmark) |
This research report categorizes the wireless audio device market based on product, application, technology, functionality, and region.
Wireless Audio Device Market, by Product:
- Headphones
- Headsets
- Speaker Systems
- Soundbars
- Microphones
- Others (Audio/Video (A/V) Controllers, A/V Receivers, Power Amplifiers, Radio Tuners, and Dedicated Speaker Docks)
Wireless Audio Device Market, by Application
- Home Audio
- Commercial
- Consumer
- Automotive
- Others (Security & Defense, Industrial, and Medical)
Wireless Audio Device Market, by Technology
- Smart Devices
- Non-smart Devices
Wireless Audio Device Market, by Functionality
- Bluetooth
- Wi-Fi
- Bluetooth+Wi-Fi
- AirPlay
- Radio Frequency
- Others (AllPlay, Wireless Speaker & Audio (WiSA), SKAA, Play-Fi, KleerNet, and Infrared (IR))
Wireless Audio Device Market, by Region
- Americas
- Europe
- APAC
- RoW
Key Questions Addressed by the Report
- Where will all these developments take the wireless audio device industry in the mid- and long-term?
- What will be the upcoming applications for wireless audio devices?
- What are the drivers, restraints, opportunities, and challenges impacting the growth of the market across the world?
- Which wireless audio devices are expected to witness an increased demand in the mid- and long-term?
- Which region is expected to witness significant demand for wireless audio devices in the coming years?
Frequently Asked Questions (FAQ):
Where will all these developments take the industry in the long term?
What are the drivers for the Wireless Audio market?
Which segment provides the most opportunity for growth?
Who are the leading vendors operating in this market?
What are the opportunities for new market entrants?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Inclusion
1.3.2 Exclusion
1.4 Markets Covered
1.4.1 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Introduction
2.2 Research Data
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Key Industry Insights
2.2.2.3 Breakdown of Primary Interviews
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 34)
4.1 Attractive Opportunities in Wireless Audio Device Market
4.2 Market, By Technology
4.3 Market, By Product
4.4 Market, By Application
4.5 Geographical Snapshot of Market, 20202025
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Surge in Global Demand for Infotainment Devices
5.2.1.2 Rise in Use of Wireless Audio Devices in Commercial Sector
5.2.1.3 Increased R&D Expenditure By OEMs for Development of New and Advanced Wireless Audio Devices
5.2.2 Restraints
5.2.2.1 Restrictions on Use of Radio Frequency Spectrum By Wireless Audio Equipment
5.2.2.2 Health Issues Resulting From Prolonged Use of Audio Devices
5.2.2.2.1 Hearing Impairment Resulting From Continuous and Prolonged Exposure to Audio
5.2.2.2.2 Interference Caused By Wireless Audio Devices in Functioning of Implanted Medical Devices
5.2.3 Opportunities
5.2.3.1 Moving Beyond the Era of Using Headphones for Audio Only
5.2.3.1.1 Tracking Health and Fitness of Wearers
5.2.3.1.2 Controlling Electrical Appliances in Connected Homes
5.2.3.2 Increased Demand for Home Theaters and Lcds
5.2.4 Challenges
5.2.4.1 Effect of Bandwidth Constraints, Coding Delays, and Bit Errors on Audio Quality
6 Wireless Audio Device Market, By Product (Page No. - 44)
6.1 Introduction
6.2 Headphones
6.2.1 Increased Popularity of Wireless Headphones Fueling Growth of This Segment of Market
6.3 Headsets
6.3.1 In-Built Microphones in Headsets Allow Users to Multi-Task By Providing Them Hands-Free Talk-Time
6.4 Speaker Systems
6.4.1 Increased Demand for Wireless Speaker Systems to Meet Specific Requirements of Specific Applications
6.5 Soundbars
6.5.1 Compatibility of Wireless Soundbars With TV Sets, Smartphones, Music Systems, Etc. Leading to Their Popularity
6.6 Microphones
6.6.1 Continuous Technological Advancements and Improvements in Output Sound Quality of Wireless Microphones Fueling Their Popularity Globally
6.7 Others
7 Wireless Audio Device Market, By Technology (Page No. - 59)
7.1 Introduction
7.2 Bluetooth
7.2.1 Cost-Effectiveness and Compatibility Offered By Bluetooth Technology Leading to Increased Global Demand for Wireless Audio Devices Equipped With This Technology
7.3 Wi-Fi
7.3.1 Secure Operations Carried Out By Wi-Fi-Enabled Audio Devices Leading to Rise in Use of This Technology Globally
7.4 Bluetooth+Wi-Fi
7.4.1 Integration of Wi-Fi and Bluetooth Technologies on Single Ic to Lead to Development of Cost-Effective and Compact Wireless Audio Devices
7.5 Airplay
7.5.1 Increased Use of Airplay Technology for Wireless Streaming of Data on Devices Supported By Apple
7.6 Radio Frequency
7.6.1 Increased Adoption of Radio Frequency Technology in Wireless Audio Devices to Transmit High-Quality Audio Over A Long Distance
7.7 Others
7.7.1 WiSA (Wireless Speaker & Audio)
7.7.2 KleerNet
7.7.3 AllPlay
7.7.4 SKAA
7.7.5 Play-Fi
7.7.6 Infrared (IR)
8 Wireless Audio Device Market, By Functionality (Page No. - 70)
8.1 Introduction
8.2 Smart Devices
8.2.1 Rise in Use of Smart Wireless Audio Devices to Track Health and Fitness of Users By Recording and Saving Information Related to Their Workouts
8.3 Non-Smart Devices
8.3.1 Use of Non-Smart Wireless Audio Devices for Audio Amplification and Enhancement
9 Wireless Audio Device Market, By Application (Page No. - 73)
9.1 Introduction
9.2 Home Audio
9.2.1 Increased Use of Wireless Audio Devices for In-Home Applications Fueling Growth of Market
9.3 Commercial
9.3.1 Preference for Wireless Audio Devices in Commercial Applications Contributing to Growth of Market
9.4 Consumer
9.4.1 Rise in Adoption of Technologically-Advanced Smartphones By Consumers Fueling Growth of Market
9.5 Automotive
9.5.1 Increased Demand for Wireless Audio Devices in Luxury Automobiles to Spur Growth of Market for Automotive
9.6 Others
10 Geographic Analysis (Page No. - 93)
10.1 Introduction
10.2 Americas
10.2.1 US
10.2.1.1 Presence of Majority of Manufacturers of Wireless Audio Devices in US Fueling Growth of Market in Country
10.2.2 Canada
10.2.2.1 Preference of Canadian Population to Adopt Innovative Products Contributing to Growth of Market in Country
10.2.3 Mexico
10.2.3.1 Increased Investments in the Consumer Electronics Industry of Mexico Contributing to Growth of Market in Country
10.2.4 South America
10.3 Europe
10.3.1 UK
10.3.1.1 Willingness of Users to Invest in Wireless Audio Devices to Fuel Growth of Market in UK
10.3.2 Germany
10.3.2.1 Popularity of Soundbars and Wireless Streaming Speakers in Germany to Spur Growth of Market in Country
10.3.3 France
10.3.3.1 Rise in Demand for Wireless Audio Devices for Home Entertainment Applications Contributing to Growth of Market in France
10.3.4 Rest of Europe
10.4 Asia Pacific (APAC)
10.4.1 China
10.4.1.1 Increased Number of International Manufacturers of Wireless Speakers in China Fueling Growth of Market in Country
10.4.2 Japan
10.4.2.1 Rise in Demand for Consumer Electronics Equipped With Wireless Audio Devices to Boost Growth of Market in Japan
10.4.3 South Korea
10.4.3.1 Increased Focus of South Korea-Based Companies to Develop Their Wireless Audio Category of Products
10.4.4 India
10.4.4.1 Government Impetus in the Form Initiatives Such as Make in India Fueling Demand for Consumer Durables in India
10.4.5 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East
10.5.1.1 Surge in Demand for Wireless Headphones and Wireless Speakers to Fuel Growth of Market in Middle East
10.5.2 Africa
10.5.2.1 South Africa Holds Significant Share of the Consumer Electronics Market in Africa
11 Competitive Landscape (Page No. - 110)
11.1 Introduction
11.2 Market Ranking Analysis: Market
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Dynamic Differentiators
11.3.3 Innovators
11.3.4 Emerging Companies
11.4 Strength of Product Portfolio
11.5 Business Strategy Excellence
11.6 Competitive Situations and Trends
11.6.1 Product Launches and Developments
11.6.2 Partnerships
12 Company Profiles (Page No. - 124)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 Key Players
12.1.1 Apple Inc.
12.1.2 HARMAN International Industries, Inc.
12.1.3 Bose Corporation
12.1.4 Sonos, Inc.
12.1.5 Sony Corporation
12.1.6 DEI Holdings, Inc.
12.1.7 Sennheiser Electronic GmbH & Co. Kg
12.1.8 VIZIO, Inc.
12.1.9 VOXX International Corporation
12.1.10 Plantronics, Inc.
12.2 Other Players
12.2.1 Ossic Corporation
12.2.2 Phazon
12.2.3 Trόsound Audio
12.2.4 Jam
12.2.5 Earin
12.2.6 Human Inc.
12.2.7 Bragi
12.2.8 Jaybird
12.2.9 Devialet
12.2.10 Dali A/S
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12.3 Right to Win
13 Appendix (Page No. - 157)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (98 Tables)
Table 1 Wireless Audio Device Market, By Product, 20172025 (USD Billion)
Table 2 Market, By Product, 20172025 (Million Units)
Table 3 Wireless Headphones Market, By Technology, 20172025 (USD Million)
Table 4 Wireless Headphones Market, By Technology, 20172025 (Million Units)
Table 5 Wireless Headphones Market, By Region, 20172025 (USD Billion)
Table 6 Wireless Headphones Market, By Region, 20172025 (Million Units)
Table 7 Wireless Headsets Market, By Technology, 20172025 (USD Million)
Table 8 Wireless Headsets Market, By Technology, 20172025 (Million Units)
Table 9 Wireless Headsets Market, By Region, 20172025 (USD Billion)
Table 10 Wireless Headsets Market, By Region, 20172025 (Million Units)
Table 11 Wireless Speaker Systems Market, By Technology, 20172025 (USD Million)
Table 12 Wireless Speaker Systems Market, By Technology, 20172025 (Million Units)
Table 13 Wireless Speaker Systems Market, By Region, 20172025 (USD Billion)
Table 14 Wireless Speaker Systems Market, By Region, 20172025 (Million Units)
Table 15 Wireless Soundbars Market, By Technology, 20172025 (USD Million)
Table 16 Wireless Soundbars Market, By Technology, 20172025 (Thousand Units)
Table 17 Wireless Soundbars Market, By Region, 20172025 (USD Billion)
Table 18 Wireless Soundbars Market, By Region, 20172025 (Million Units)
Table 19 Other Wireless Products Market, By Technology, 20172025 (USD Million)
Table 20 Other Wireless Products Market, By Technology, 20172025 (Thousand Units)
Table 21 Other Wireless Products Market, By Region, 20172025 (USD Million)
Table 22 Other Wireless Products Market, By Region, 20172025 (Million Units)
Table 23 Market, By Technology, 20172025 (USD Billion)
Table 24 Market, By Technology, 20172025 (Million Units)
Table 25 Bluetooth Technology-Based Wireless Audio Device , By Application, 20172025 (USD Billion)
Table 26 Bluetooth Technology-Based Wireless Audio Device , By Application, 20172025 (Million Units)
Table 27 Wi-Fi Technology-Based Wireless Audio Device , By Application, 20172025 (USD Million)
Table 28 Wi-Fi Technology-Based Wireless Audio Device , By Application, 20172025 (Million Units)
Table 29 Bluetooth+Wi-Fi Technology-Based Wireless Audio Device , By Application, 20172025 (USD Million)
Table 30 Bluetooth+Wi-Fi Technology-Based Wireless Audio Device , By Application, 20172025 (Thousand Units)
Table 31 Airplay Technology-Based Wireless Audio Device , By Application, 20172025 (USD Million)
Table 32 Airplay Technology-Based Wireless Audio Device , By Application, 20172025 (Thousand Units)
Table 33 Other Technology-Based Wireless Audio Device , By Application, 20172025 (USD Million)
Table 34 Other Technology-Based Wireless Audio Device , By Application, 20172025 (Million Units)
Table 35 Market, By Functionality, 20172025 (USD Billion)
Table 36 Market, By Application, 20172025 (USD Billion)
Table 37 Market, By Application, 20172025 (Million Units)
Table 38 Market for Home Audio, By Technology, 20172025 (USD Million)
Table 39 Market for Home Audio, By Technology, 20172025 (Thousand Units)
Table 40 Market for Home Audio, By Region, 20172025 (USD Billion)
Table 41 Market for Home Audio, By Region, 20172025 (Million Units)
Table 42 Market in Americas for Home Audio, By Geography, 20172025 (USD Million)
Table 43 Market in Americas for Home Audio, By Geography, 20172025 (Million Units)
Table 44 Market in Europe for Home Audio, By Country, 20172025 (USD Million)
Table 45 Market in Europe for Home Audio, By Country, 20172025 (Million Units)
Table 46 Market in APAC for Home Audio, By Country, 20172025 (USD Million)
Table 47 Market in APAC for Home Audio, By Country, 20172025 (Million Units)
Table 48 Market for Commercial, By Technology, 20172025 (USD Million)
Table 49 Market for Commercial, By Technology, 20172025 (Thousand Units)
Table 50 Market for Commercial, By Region, 20172025 (USD Billion)
Table 51 Market for Commercial, By Region, 20172025 (Million Units)
Table 52 Market in Americas for Commercial, By Geography, 20172025 (USD Billion)
Table 53 Market in Americas for Commercial, By Geography, 20172025 (Million Units)
Table 54 Market in Europe for Commercial, By Country, 20172025 (USD Billion)
Table 55 Market in Europe for Commercial, By Country, 20172025 (Million Units)
Table 56 Market in APAC for Commercial, By Country, 20172025 (USD Million)
Table 57 Market in APAC for Commercial, By Country, 20172025 (Million Units)
Table 58 Market in RoW for Commercial, By Region, 20172025 (USD Billion)
Table 59 Wireless Audio Device Market in RoW for Commercial, By Region, 20172025 (Million Units)
Table 60 Market for Consumer, By Technology, 20172025 (USD Million)
Table 61 Market for Consumer, By Technology, 20172025 (Thousand Units)
Table 62 Market for Consumer, By Region, 20172025 (USD Billion)
Table 63 Market for Consumer, By Region, 20172025 (Million Units)
Table 64 Market in Americas for Consumer, By Geography, 20172025 (USD Million)
Table 65 Market in Americas for Consumer, By Geography, 20172025 (Million Units)
Table 66 Market in Europe for Consumer, By Country, 20172025 (USD Billion)
Table 67 Market in Europe for Consumer, By Country, 20172025 (Million Units)
Table 68 Market in APAC for Consumer, By Country, 20172025 (USD Billion)
Table 69 Market in APAC for Consumer, By Country, 20172025 (Million Units)
Table 70 Market in RoW for Consumer, By Region, 20172025 (USD Billion)
Table 71 Market in RoW for Consumer, By Region, 20172025 (Million Units)
Table 72 Market for Automotive, By Technology, 20172025 (USD Million)
Table 73 Market for Automotive, By Technology, 20172025 (Thousand Units)
Table 74 Market for Automotive, By Region, 20172025 (USD Million)
Table 75 Market for Automotive, By Region, 20172025 (Million Units)
Table 76 Market for Other Applications, By Technology, 20172025 (USD Million)
Table 77 Market for Other Applications, By Technology, 20172025 (Thousand Units)
Table 78 Market for Other Applications, By Region, 20172025 (USD Million)
Table 79 Market for Other Applications, By Region, 20172025 (Million Units)
Table 80 Market, By Region, 20172025 (USD Billion)
Table 81 Market, By Region, 20172025 (Million Units)
Table 82 Market in Americas, By Geography, 20172025 (USD Billion)
Table 83 Market in Americas, By Geography, 20172025 (Million Units)
Table 84 Market in Americas, By Product, 20172025 (USD Billion)
Table 85 Market in Americas, By Product, 20172025 (Million Units)
Table 86 Market in Europe, By Country, 20172025 (USD Billion)
Table 87 Market in Europe, By Country, 20172025 (Million Units)
Table 88 Market in Europe, By Product, 20172025 (USD Billion)
Table 89 Market in Europe, By Product, 20172025 (Million Units)
Table 90 Market in APAC, By Country, 20172025 (USD Billion)
Table 91 Market in APAC, By Product, 20172025 (USD Billion)
Table 92 Market in APAC, By Product, 20172025 (Million Units)
Table 93 Market in RoW, By Region, 20172025 (USD Billion)
Table 94 Market in RoW, By Region, 20172025 (Million Units)
Table 95 Market in RoW, By Product, 20172025 (USD Million)
Table 96 Market in RoW, By Product, 20172025 (Thousand Units)
Table 97 Product Launches and Developments, 20172019
Table 98 Partnerships, 20172018
List of Figures(36 Figures)
Figure 1 Wireless Audio Device Market Segmentation
Figure 2 Research Flow
Figure 3 Market: Research Design
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Headsets Segment Projected to Hold the Largest Size of Market in 2025 in Terms of Value
Figure 8 Consumer Segment of Market Projected to Grow at the Highest CAGR From 2020 to 2025 in Terms of Value
Figure 9 Bluetooth + Wi-Fi Segment of Market Projected to Grow at the Highest CAGR From 2020 to 2025 in Terms of Value
Figure 10 Americas Held the Largest Share of Market in 2019 in Terms of Value
Figure 11 Market to Witness Lucrative Growth Opportunities From 2020 to 2025
Figure 12 Bluetooth Segment Held the Largest Share of Market in 2019 in Terms of Value
Figure 13 Headsets Segment of Market Projected to Grow at the Highest CAGR From 2020 to 2025 in Terms of Value
Figure 14 Consumer Segment Projected to Hold the Largest Share of Market in 2025 in Terms of Value
Figure 15 Market in India Projected to Grow at the Highest Rate From 2020 to 2025 in Terms of Value
Figure 16 Wireless Audio Device Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Market Drivers and Their Impact
Figure 18 Market, By Product
Figure 19 Headsets Segment of Market Projected to Grow at the Highest CAGR From 2020 to 2025
Figure 20 Market, By Technology
Figure 21 Bluetooth+Wi-Fi Segment Projected to Grow at the Highest Rate From 2020 to 2025
Figure 22 Radio Frequency Technology-Based Wireless Audio Device , By Application, 20172025 (USD Billion & Million Units)
Figure 23 Market, By Application
Figure 24 Market in APAC Projected to Grow at the Highest CAGR From 2020 to 2025
Figure 25 Market Snapshot
Figure 26 Market in Europe Snapshot
Figure 27 Market in Asia Pacific Snapshot
Figure 28 Key Growth Strategies Adopted By Top Companies From 2017 to 2019
Figure 29 Market Ranking of Top 5 Players in Market, 2019
Figure 30 Market (Global) Competitive Leadership Mapping, 2019
Figure 31 Apple Inc.: Company Snapshot
Figure 32 HARMAN International Industries, Inc.: Company Snapshot
Figure 33 Sony Corporation: Company Snapshot
Figure 34 Sennheiser Electronic GmbH & Co. Kg: Company Snapshot
Figure 35 VOXX International Corporation: Company Snapshot
Figure 36 Plantronics Inc.: Company Snapshot
The study involves 4 major activities to estimate the size of the wireless audio device market from 2020 to 2025. Exhaustive secondary research has been conducted to collect information about the market, its peer markets, and its parent market. It was followed by primary research that has been carried out to validate these findings, assumptions, and sizing with industry experts across the value chain of the wireless audio devices. Both top-down and bottom-up approaches have been employed to estimate the overall size of the market. It has been followed by the market breakdown and data triangulation methods to estimate the sizes of different segments and subsegments of the wireless audio device market.
Secondary Research
In the secondary research process, secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to for the identification and collection of information for this study on the wireless audio device market. The other secondary sources used during the study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; gold-standard and silver-standard websites; regulatory bodies; trade directories; and databases.
Primary Research
The wireless audio device market comprises stakeholders such as raw material suppliers, end product manufacturers, and regulatory organizations. The supply-side segmentation of the market includes functionality, technology, and product, while the demand-side segmentation includes application and region. Primary sources from both supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the overall size of the wireless audio device market. These approaches have been used extensively to estimate the sizes of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and markets have been identified through extensive secondary research
- The supply chain of the wireless audio device industry and the market size, in terms of value, have been determined through primary and secondary research
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall size of the wireless audio device market through the market estimation process explained above, 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 of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the wireless audio device market based on product, technology, functionality, application, and region
- To forecast the market size, in terms of value and volume, for various segments with regard to 4 main regions the Americas, Europe, Asia Pacific (APAC), and the 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 analyze the micromarkets 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 wireless audio device market and provide a detailed competitive landscape for the market leaders
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies
- To analyze strategic developments such as new product launches and developments 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:
Company Information
- Detailed analysis and profiling of additional market players.
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Wireless Audio Device Market
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Growth opportunities and latent adjacency in Wireless Audio Device Market