Wireless Audio Devices Market - Commercial Sector Is the Most Dominant Application Segment

The global wireless audio devices market, valued at US$ 6.92 Bn in 2014, is expected to grow at a CAGR of 24.2% during the period from 2015 to 2022. Wireless audio devices comprises audio playback devices including wireless speaker system, wireless soundbars, wireless headphone and wireless microphones.


Albany, NY -- (SBWIRE) -- 03/31/2016 -- A wireless audio device uses wireless technology such as Bluetooth and Wi-Fi for audio playback. The increasing demand of smartphone as a source of entertainment is the major factor driving the demand for wireless audio devices, globally. The persistent rise in adoption of other portable devices such as tablets and multimedia devices is spurring the growth of wireless audio devices market across the globe. The rising applications of wireless soundbars is anticipated to raise the market revenue of wireless audio devices market over the next few years.

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This research report provides a detailed analysis of trends in the wireless audio devices market. The report also includes an extensive analysis of the industry drivers, restraints, opportunities, and challenges. The market study provides comprehensive assessment of vendor strategies to attain success in the business. It segregates the market based on products across different geographies, such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. For each of these geographies, drivers, restraints, and opportunities have been analyzed and have been provided in the report. The market research study analyzes the wireless audio devices market on the global, regional, and national levels.

The research report estimates the wireless audio devices market terms of revenue (US$ billion) for the years 2013 and 2014, and provides a market forecast for the period from 2015 to 2022. Moreover, market estimates have been evaluated keeping in mind different environmental, technological, social, economic, and legal factors.

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Key players have also been profiled on the basis of financial overview, company overview, segmentation, business strategies, and key developments in the wireless audio devices market. Bose Corporation, Harman International, Sennheiser Electronic GmbH, Sony Corporation, Apple, Inc. Koninklijke Philips N.V., DEI Holdings, VOXX International, Polk Audio and Vizio Inc. The research report also explains market positioning of the key players in the ecosystem of the wireless audio devices market.

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The global wireless audio devices market is segmented on the basis of product, technology, applications and geography. Based on the product type, the wireless audio devices market can be categorized into wireless speaker systems, wireless soundbars, wireless headphones and wireless microphones. Based on the technology, the wireless audio devices market can be categorized into Bluetooth and Wi-Fi technology. On the basis of applications, the wireless audio devices market can be segmented into commercial, personal and others (automotive and defence). The market size and forecast in terms of revenue (US$ Bn) for each of these segments have been provided for the period 2013 to 2022, considering 2013 and 2014 as the base years. The report also provides compounded annual growth rate (CAGR) for each segment for forecast period 2015 to 2022.

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