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Pulished Date August, 2021
ID: 12060
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Wireless Audio Device Market segmentation by By Product (Earphones, Headphones, True Wireless Hearables/Earbuds, Speaker Systems, Soundbars, Headsets and Microphones), By Technology (Bluetooth, Wi-Fi, Bluetooth+Wi-Fi, Airplay and Others), By Application( Home Audio, Commerical, Consumer, Automotive and Others), By Functionality (Smart Devices and Non-smart Devices)- Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: August, 2021
ID: 12060
Pages: 175

Wireless Audio Device Market Size & Growth Analysis (2021-2026)

The global wireless audio device market revenue is expected to reach USD 153.3 billion by 2026, growing at a CAGR of 17.1% during the forecast period from USD 69.6 billion in 2021. Increasing prevalence for the use of wireless technologies is levelling up the demand of the wireless audio device market.

Wireless audio devices transfers audio from one device to another device without the help of wires. Radio frequency (RF) was usually used for these devices to transfer the audio. In few systems, electromagnetic waves are also used. Wireless audio devices is playing an significant role in the semi-conductor and electronic devices. The wireless technology helped these devices to transmit and receive signals. Some of the wireless technologies are Wi-Fi, Bluetooth, and AirPlay.

Recent Developments:

  • In December 2020, Apple brought magic of Airpods that is innovative wireless headphones.
  • In January 2021, Harman Kardon added Harman Kardon Onyx Studio into the list. This company is receving continues awards for the Onyx series that is building the portfolio.
  • In January 2021, Bose released the new Bose Sport Open Earbuds. These earbuds are combined with the Bose OpenAudio Technology and designed in manner such that the ear buds do not cover the ear.
  • In March 2021, Sonos Roam was introduced by Sonos that is manufactured to deliver great sound at home and on any adventure. This device can be easily connected through Wi-Fi and can shift to Bluetooth automatically when it is on.
  • In April 2021, X-series range of speakers featured with the Sony’s innovative X-balanced speaker units was launched by Sony.

Drivers and Restraints of Wireless Audio Device Market:

Drivers: 

Rise in the research and development activities by original equipment manufacturer is a major factor driving the demand of the wireless audio device market. Increasing number of smart phone users across the world is surging the growth rate of the market tremendously. Rising disposable income in developed and developing countries is also escalating the wireless audio device market. In commercial sector, the demand for the wireless technologies is going high day by day that is flourishing the growth rate of the market. Adoption of advanced technologies in every industry and growing prevalence for the Wi-Fi connectivity everywhere is propelling the market demand. On-going demand to launch new technological devices in favor to the end user at minimum prices is greatly influencing the growth rate of the wireless audio device market. Consumers interests towards the interior designing and growing demand for the installation of home theatres and LCDs along with the wireless technology are merely lavishing the demand of the market.

Growing support from the private organizations to manufacture innovative devices in electronic is accelerating the growth rate of the market.

Wireless audio device market trends are the focus on delivering the best devices for the people by improving the quality of the output and the consumer prominence for the wireless audio devices rather than wired audio devices.

Restraints:

However, fluctuations in the prices of the raw materials is levelling up the prices of the end products that is slowly hindering the demand of the wireless audio device market. In addition, growing risk with the continuous use of these wireless audio devices among few people is hampering the growth rate of this market. Complex regulatory systems by government authorities is also a factor that is ascribed to degrade the demand of the wireless audio devices market. Bit errors and delay in delivering quality audio through wireless audio devices are additionally limiting the demand of the market.

Wireless Audio Device Market Segmentation:

By Product

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

Headphones segment is holding the highest shares of the market with the rising demand from the consumers. Earphones segment is next in leading the largest shares of the market. Owing to rising expenditure on the smart phones and tablets is elevating the demand of the market.

By Technology

  • Bluetooth
  • Airplay
  • Bluetooth+Wi-Fi
  • Wi-Fi
  • Others

Bluetooth segment is with the largest shares of the market whereas Wi-Fi segment is expected to hit the highest CAGR in the coming years.

By Application

  • Home Audio
  • Commerical
  • Consumer
  • Automotive
  • Others

Home audio segment is likely to hold the largest shares of the market during the forecast period.

By Functionality

  • Non-smart Devices
  • Smart Devices

Smart devices is gaining traction over the shares of the market. Launch of various devices with advanced technologies is promoting the demand of this segment.

Automotive Powertrain Market Region wise analysis:

North America is leading with the dominant shares of the market by owing to increasing economy and rising expenditure on the electronic goods. Increasing sales of the infotainment devices like laptop, smartphones and others is leveraging the growth rate of the market in this region. Now a day, people are giving more priority to use wireless devices that can be easily connected via Wi-Fi and Bluetooth to stream music that is escalating the demand of the market. Europe is next in leading the dominant shares of the market. Increasing number of people using electronic goods is anticipated to lavish the demand of the wireless audio devices market in this region. Also, there is an increasing demand for the wireless audio device from the defense sector that is straightly fueling the market growth.

Asia Pacific is anticipated to have the highest CAGR in the near future. Increasing population and rising demand for the advanced electronic goods in urban areas are bolstering the growth rate of the wireless audio device market. In addition, emergence of e-commerce is enhancing the demand of this market to the extent.

Latin America is ascribed to have the significant growth opportunities by promoting the new devices through digital advertisements.

Middle East & Africa is likely to have steady growth rate during the forecast period 2021-2026.

Key Players of Wireless Audio Device Market: 

  • Apple (US)
  • Bose Corporation (US)
  • Sony Corporation (Japan)
  • Harman International Industries (South Korea)
  • Sonos (US)
  • SoundUnited (US)
  • Sennheiser (Germany)
  • Vizio (US)
  • VOXX International (US)
  • Zound Industries (Sweden)

The impact of COVID-19 on Wireless Audio Device market:-

The sudden outburst of the COVID 19 pandemic has brought many changes in the finance across the world. The wireless audio device market was badly hit with the pandemic. The lockdown restrictions imposed by government to curb the transmission of the novel coronavirus has reduced the market shares. In the first half of 2020, all the companies were completely shut down. Later government released some guidelines setting relaxations for the companies from last months of 2020. Hence, the sales started to rise for the consumer electronic goods all over the world. The wireless audio devices market is set to have the dominant growth opportunities as expected.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Wireless Audio Device Market, By Type                

                    6.1.1 Headphones   

                    6.1.2 Earphones     

                    6.1.3 True Wireless Hearables/Earbuds  

                    6.1.4 Soundbars     

                    6.1.5 Headsets       

                    6.1.6 Speaker Systems      

                    6.1.7 Microphones  

                    6.1.8 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.9 Y-o-Y Growth Rate Analysis         

                    6.1.10 Market Attractiveness Index       

          6.2 Wireless Audio Device Market, By Application                 

                    6.2.1 Home Audio  

                    6.2.2 Commerical   

                    6.2.3 Consumer      

                    6.2.4  Automotive   

                    6.2.5 Others 

                    6.2.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 Wireless Audio Device Market, By technology                 

                    6.3.1 Bluetooth       

                    6.3.2 Airplay 

                    6.3.3 Bluetooth+Wi-Fi       

                    6.3.4 Wi-Fi   

                    6.3.5 Others 

                    6.3.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.7 Y-o-Y Growth Rate Analysis         

                    6.3.8 Market Attractiveness Index         

          6.4 Wireless Audio Device Market, By Functionality               

                    6.4.1 Non-smart Devices  

                    6.4.2 Smart Devices

                    6.4.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2021 - 2026)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By technology

                    7.2.5 By Functionality        

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By technology

                    7.3.5 By Functionality        

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By technology

                    7.4.5 By Functionality        

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By technology

                    7.5.5 By Functionality        

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By technology

                    7.6.5 By Functionality        

8. Key Player Analysis                           

          8.1 Apple (US)                  

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Bose Corporation (US)           

          8.3 Sony Corporation (Japan)                 

          8.4 Harman International Industries (South Korea)               

          8.5 Sonos (US)                  

          8.6 SoundUnited (US)                  

          8.7 Sennheiser (Germany)           

          8.8 Vizio (US)         

          8.9 VOXX International (US)                  

          8.10 Zound Industries (Sweden)            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Wireless Audio Device Market By Region, From 2021-2026 ( USD Billion )
  2. Global Wireless Audio Device Market By Product, From 2021-2026 ( USD Billion )
  3. Global Headphones Market By Region, From 2021-2026 ( USD Billion )
  4. Global Earphones Market By Region, From 2021-2026 ( USD Billion )
  5. Global True Wireless Hearables/Earbuds Market By Region, From 2021-2026 ( USD Billion )
  6. Global Soundbars Market By Region, From 2021-2026 ( USD Billion )
  7. Global Headsets Market By Region, From 2021-2026 ( USD Billion )
  8. Global Speaker Systems Market By Region, From 2021-2026 ( USD Billion )
  9. Global Microphones Market By Region, From 2021-2026 ( USD Billion )
  10. Global Wireless Audio Device Market By Application, From 2021-2026 ( USD Billion )
  11. Global Home Audio Market By Region, From 2021-2026 ( USD Billion )
  12. Global Commerical Market By Region, From 2021-2026 ( USD Billion )
  13. Global Consumer Market By Region, From 2021-2026 ( USD Billion )
  14. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  15. Global Others Market By Region, From 2021-2026 ( USD Billion )
  16. Global Wireless Audio Device Market By Technology, From 2021-2026 ( USD Billion )
  17. Global Bluetooth Market By Region, From 2021-2026 ( USD Billion )
  18. Global Airplay Market By Region, From 2021-2026 ( USD Billion )
  19. Global Bluetooth+Wi-Fi Market By Region, From 2021-2026 ( USD Billion )
  20. Global Wi-Fi Market By Region, From 2021-2026 ( USD Billion )
  21. Global Others Market By Region, From 2021-2026 ( USD Billion )
  22. Global Wireless Audio Device Market By Functionality, From 2021-2026 ( USD Billion )

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