Wireless Audio Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022
Albany, NY -- (SBWIRE) -- 02/08/2016 -- Transparency Market Research announces the release of a market study on the global wireless audio devices market for the 2015-2022 period. The report, titled "Wireless Audio Devices Market (Product: Wireless Speaker Systems, Wireless Soundbars, Wireless Headphone, and Wireless Microphone; Technology: Bluetooth and Wi-Fi; Application: Commercial, Personal, Others (Automotive and Defense) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022", is available for sale on the company website.
Transparency Market Research announces the release of a market study on the global wireless audio devices market for the 2015-2022 period. According to the report, the said market will expand at a phenomenal 24.2% CAGR from 2015 to 2022 to reach a valuation of US$38.52 bn by 2022. The market's valuation was US$6.92 bn in 2014.
Browse the full Wireless Audio Devices Market report at http://www.transparencymarketresearch.com/wireless-audio-devices-market.html
In present times, the increasing use of smartphones for entertainment is one of the major factors driving the global wireless audio devices market. In addition, the increasing demand for portable devices, wherein young consumers are habituated to persistently switching between tablets, smartphones, and multimedia devices is supporting the growth of this market.
An increasing number of wireless technologies such as Wi-Fi and Bluetooth that are used in wireless audio devices such as soundbars and wireless speakers is propelling the wireless audio devices market as well. Bluetooth technology is suitable for a range of devices such as media players, robotic systems, smartphones, laptops, and console gaming equipment for audio streaming between devices.
The report divides the global wireless audio devices market into the regional segments of North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. In 2014, North America stood as the largest contributor with a share of 29% in the global market. Europe and Asia Pacific were other key contributors to the global market in the same year.
In the coming years, the demand for wireless audio devices will grow considerably in Latin America and the Middle East and Africa regions. Presently, Brazil is the largest market for wireless audio devices in Latin America.
Wireless speaker systems, wireless headphones, wireless soundbars, and wireless microphones are the segments of the market based on product. In 2014, the wireless headphone segment was ahead of all, accounting for more than one-fourth of the global market. In developing economies, increasing purchasing power has been a major reason for increased purchase of wireless headphones. Other features such as Bluetooth connectivity, compactness, longer battery life, and noise cancellation technology are stimulating the demand for wireless headphones.
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On the competitive front, some of the world's leading electronic manufactures have a presence in the global market for wireless audio devices. The high growth potential of this market has attracted these top players to participate in the business of wireless audio devices. In the bid to develop the most advanced products compatible with hi-tech communication systems, these manufacturers are focused on overcoming the shortcomings of predecessor products, the integration of noise cancellation technology being one of them.
Bose Corporation, Apple Inc., Sennheiser Electronic, GmbH, Harman International, Sony Corporation, and Koninkiljke Philips N.V., among others, are the major companies that have a presence in the global market for wireless audio devices.
The market has been segmented as follows:
Wireless Audio Devices Market, by Product
Wireless Speaker Systems
Wireless Audio Devices Market, by Technology
Wireless Audio Devices Market, by Application
Others (Automotive and Defense)
Wireless Audio Devices Market, by Geography
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East and Africa (MEA)
Rest of MEA
Rest of Latin America
About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.