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Wireless Audio Market by Product, Technology, Application And Region - Global Forecast to 2023

Wireless Audio Market: Global Forecast until 2023

  • June 2017
  • 169 pages
  • ID: 5226973
In this report:
The market for Bluetooth for commercial applications registered the highest shipment of ##.## million units in 2016, which is expected to reach ##.## million units by 2023, growing at the highest CAGR of ##.##% during the forecast period.
The market for AirPlay for automotive applications is expected to register a shipment of ##.## million units by 2023, growing at the highest CAGR of ##.##% during the forecast period.

Summary

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The wireless audio market to grow at a CAGR (Compound annual growth rate) of ~10.1 percent between 2017 and 2023

The wireless audio market is forecasted to grow from ~$16.1B in 2016 to ~$31.8B by 2023, at a compound annual growth rate (CAGR) of ~10.1 percent between 2017 and 2023. The key factors driving the rise of the wireless audio market contain smartphones as a source of entertainment, consumer preferences for portable devices, and advancements in wireless technologies. Nevertheless, compliance issues in operating frequency, and negative health effects on children and other user groups are the main factors restraining the increase of the wireless audio market

The Bluetooth technology to hold the biggest size of the wireless audio market by 2023

The wireless audio market for Bluetooth will witness a significant rise in the next years, with initiatives underway for a higher throughput, more ubiquitous usage, and links with Wi-Fi and ultra-wideband broadcast technologies. Additionally, the Bluetooth technology makes it easy for advanced electronics devices to interact with one another without relying on traditional wired connection

Wireless audio market in Asia-Pac to grow at an important rate between 2017 and 2023

The wireless audio market APAC area is likely to grow at an important rate between 2017 and 2023. The industry for consumer electronics, including smartphones, tablets, and wireless audio devices, in Asia-Pacific is growing quickly with a high rate of development in most of the countries in this zone. Moreover, factor including growing urbanization, individuals' acceptance for the developments established on innovative technologies, and rising popularity of streaming music services are contributing to the increase of the wireless audio market in this area.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main industry people. The breakup of the profile of primary members taking part has been provided below:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite executives - 35.0 percent, Directors - 25.0 percent, and Others - 40.0 percent

• By Area: North Americas - 45.0 percent, EU - 17.0 percent, Asia-Pac - 30.0 percent, and rest of the world - 8.0 percent

The report profiles the top actors in the wireless audio market, along with providing their respective market ranking study. Prominent players including Bose Corporation, Sonos. Incorporated, Harman International Sectors, Incorporated, Apple Inc., and Sony Corporation have been described in this industry report.

Segment Research

• The wireless audio market, by product, includes speaker systems, soundbars (active and passive soundbars), headsets (traditional headsets and wireless earbuds), headphones, and microphones.

• The wireless audio market, by technology, includes Bluetooth, Wi-Fi, Radio Frequency, Bluetooth +Wi-Fi, and AirPlay.

• The wireless audio market, by application, comprises home audio, client (smartphones, laptops/computers, gaming consoles) commercial, and automotive

• The geographic review has been done with regard to-the Americas, Europe (EU), Asia Pacific (APAC), and Rest of the globe

Reasons to Buy This Report:

From an insight prospect, this market research has emphasized several levels of analysis - industry, market ranking review of top actors, value chain study; company descriptions that discuss basic views on the competitive landscape, coming out and high-growth segments of the wireless audio market, high-growth areas, and market dynamics including drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on wireless audio products provided by the top actors in the wireless audio market

• Market development: Highlighted information about lucrative emerging markets-the report examines the sector for wireless audio across localities

• industry diversification: Complete information about recent products, untapped areas, and recent evolutions, in the global wireless audio market

• opposing assessment: In-depth assessment of market ranking review, strategies, products, and key players in the wireless audio market

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