Wireless Audio Devices Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71516
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The wireless audio devices market share is expected to increase by USD 82.47 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 17.07%.

This wireless audio devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wireless audio device market segmentation by product (headphones, speaker systems, and others) and geography (North America, APAC, Europe, South America, and MEA). The wireless audio devices market report also offers information on several market vendors, including Apple Inc., Bose Corp., Harman International Industries Inc., Sennheiser electronic GmbH and Co. KG, Sonos Inc., Sony Corp., Sound United LLC, VIZIO Holding Corp. Inc., VOXX International Corp., and Yamaha Corp. among others.

What will the Wireless Audio Devices Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Wireless Audio Devices Market Size for the Forecast Period and Other Important Statistics

 

Wireless Audio Devices Market: Key Drivers and Trends

The convenience of wireless technology is notably driving the wireless audio devices market growth, although factors such as the need for high-speed internet connectivity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wireless audio devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wireless Audio Devices Market Driver

One of the key factors driving growth in the wireless audio devices market is the convenience of wireless technology. The emergence of wireless technology was one of the technological advances in the 21st century. These short-range radio waves help in sharing data such as pictures, music, documents, and videos. It is also used in headphones and speakers to transfer signals, which help in sharing sound from a smart device to a wireless audio device. The abandonment of wireless audio devices such as headphone jack by smartphone manufacturers such as Apple is expected to drive the market. This is likely to increase the requirement for wireless headphones rather than conventional wired headphones. The cord-free feature of wireless audio devices is convenient for users. It offers mobility and a hands-free experience to continue doing any other task without hassles. Noise filtering, long-distance operations, multitasking, high-quality audio, reliability, and multitasking are some of the key features of wireless audio devices that are driving the market.

Key Wireless Audio Devices Market Challenge

The need for high-speed Internet connectivity will be a major challenge for the wireless audio devices market vendors during the forecast period. Smart speakers, which are connected to smart home automation devices, require reliable and high-speed Internet connectivity to function effectively. Though many countries such as South Korea, Japan, and the UK have high-speed Internet infrastructure, several countries such as South Africa lack such network infrastructure, which affects the adoption of smart speakers in such countries. End-users for wireless audio devices rely on Bluetooth or a Wi-Fi plugin to connect their smart audio devices such as headphones and speakers to other devices that are part of home automation systems. To achieve a reliable connection between smart speakers, headphones, and home automation devices, Internet connectivity is required. Poor network coverage results in poor connection, no voice command, and automatic disconnection from Wi-Fi. Users were unable to connect to devices in such instances. Thus, the lack of basic network infrastructure affects the adoption of smart wireless audio devices.

This wireless audio devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Wireless Audio Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Apple Inc.
  • Bose Corp.
  • Harman International Industries Inc.
  • Sennheiser electronic GmbH and Co. KG
  • Sonos Inc.
  • Sony Corp.
  • Sound United LLC
  • VIZIO Holding Corp. Inc.
  • VOXX International Corp.
  • Yamaha Corp.

 

This statistical study of the wireless audio devices market encompasses successful business strategies deployed by the key vendors. The wireless audio devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wireless audio devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wireless Audio Devices Market?

For more insights on the market share of various regions Request for a FREE sample now!

31% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for wireless audio devices in APAC. Market growth in this region will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Wireless Audio Devices Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The wireless audio devices market share growth by the headphone segment will be significant during the forecast period. The growing demand for technologically advanced products is expected to drive the market segment growth during 2022-2026. The proliferation of portable media devices has added to the increase in the demand for headphones. the rapidly growing demand for multimedia and gaming products is also fueling the demand for headphones. Technologically advanced consumers and early adopters prefer to purchase the latest and technologically innovative wireless products. The continuous development of smart and advanced wireless headphones such as sports and fitness headphones will favor market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless audio devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Wireless Audio Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 17.07%

Market growth 2022-2026

$ 82.47 billion

Market structure

Fragmented

YoY growth (%)

13.07

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 31%

Key consumer countries

US, China, UK, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Apple Inc., Bose Corp., Harman International Industries Inc., Sennheiser electronic GmbH and Co. KG, Sonos Inc., Sony Corp., Sound United LLC, VIZIO Holding Corp. Inc., VOXX International Corp., and Yamaha Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Wireless Audio Devices Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wireless audio devices market growth during the next five years
  • Precise estimation of the wireless audio devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wireless audio devices industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wireless audio devices market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Headphones - Market size and forecast 2021-2026
    • Speaker systems - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Apple Inc.
      • Bose Corp.
      • Harman International Industries Inc.
      • Sennheiser electronic GmbH and Co. KG
      • Sonos Inc.
      • Sony Corp.
      • Sound United LLC
      • VIZIO Holding Corp. Inc.
      • VOXX International Corp.
      • Yamaha Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The wireless audio devices market growth will increase by $82475.06 million during 2021-2026.
      The wireless audio devices market is expected to grow at a CAGR of 17.07% during 2021-2026.
      Technavio has segmented the wireless audio devices market by product (Headphones, Speaker systems, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
      Apple Inc., Bose Corp., Harman International Industries Inc., Sennheiser electronic GmbH and Co. KG, Sonos Inc., Sony Corp., Sound United LLC, VIZIO Holding Corp. Inc., VOXX International Corp., Yamaha Corp. are a few of the key vendors in the wireless audio devices market.
      APAC will register the highest growth rate of 30.55% among the other regions. Therefore, the wireless audio devices market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the wireless audio devices market growth are:
      • Convenience of wireless technology
      The wireless audio devices market vendors should focus on grabbing business opportunities from the headphones segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Communication Services
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>