Wireless Audio Device Market

Report Synopsis

Persistence Market Research offers 4-year trend analysis for 2013 to 2017 and 8-year forecast for Wireless Audio Devices market between 2018 and 2026. In terms of value, market is expected to register a CAGR of 8.4% during forecast period. This study demonstrates the market dynamics and trends globally across seven regions North America, Latin America, Europe, SEA and Other Asia Pacific, China, Japan and Middle East and Africa which influence the current nature and future status of the Wireless Audio Devices market over the forecast period.

Report Description

This research report provides detailed analysis of Wireless Audio Devices market and offers insights on the various factors driving popularity of these systems. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. Global Wireless Audio Devices Market is categorized on the basis of technology, distribution channel, product type, end user and region. On the basis of technology, the market is segmented into Bluetooth, Wi-Fi and others. On the basis of distribution channel, the market is segmented into organized retail, unorganized retail, and online/e-Commerce.  On the basis of product type, the market is segmented into earphones and headphones, portable speakers and others. On the basis of end user, the market is segmented into residential and commercial.

The report starts with an overview of the global Wireless Audio Devices market in terms of value. In addition, this section includes analysis of factors, opportunity analysis and technology trends which are influencing the Wireless Audio Devices market. Impact analysis of key growth drivers and restraints, based on the weighted average model and PMR analysis and recommendation is included in this report to facilitate clients with crystal clear decision-making insights.

In the segmentation by technology, Bluetooth segment accounted for highest market share 68.6% in 2017. In the segmentation by distribution channel, online/e-Commerce segment is anticipated to register a CAGR of 9.3% during the forecast period.  In the segmentation by product type, portable speakers segment is anticipated to register a CAGR of 10.3% during the forecast period. Portable speakers Segment had a market share of 39.3% in the year 2017. In the segmentation by end user, residential segment is anticipated to register a CAGR of 8.9% during the forecast period. Residential Segment had a market share of 77.4% in the year 2017.

A detailed analysis has been provided for every segment in terms of market size analysis for Wireless Audio Devices across the different regions. The section provides a detailed analysis covering key drivers, restraints and trends and key regulations in the region. This section also highlights market presence (intensity map) for key representative market participants.

The next section highlights detailed analysis on of Wireless Audio Devices market across various countries in the region. It provides a market outlook for 2018–2026 and sets the forecast within the context of the Wireless Audio Devices including latest technological developments as well as service offerings in the market. This study discusses key trends within countries contributing to growth of the market, as well as analyses degree at which drivers are influencing this market in each region. Key regions and countries assessed in this report include North America, Latin America, Europe, SEA and Other Asia Pacific, China, Japan and Middle East and Africa.

This report evaluates historical trends, present scenario and the growth prospects of the Wireless Audio Devices market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year and provide data for the trailing 12 months.

To calculate global Wireless Audio Devices market size, we have considered country wise adoption rate of Wireless Audio Devices across different verticals. Further, we have also analysed the revenue contribution from Wireless Audio Devices players.  The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the Wireless Audio Devices market will develop in the future. Given the characteristics of the market, we triangulated the outcome of different types of analyses, based on adoption trends.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market.

As previously highlighted, the global Wireless Audio Devices market is split into a number of  segments. This detailed level of information is important for identification of various key trends of the global Wireless Audio Devices market.

In the final section of the report, we include a competitive landscape to provide clients with a dashboard view, based on categories of provider in the value chain, presence in Wireless Audio Devices portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in Wireless Audio Devices value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the Wireless Audio Devices market space. Key competitors in Wireless Audio Devices market are: Harman International Industries, Bose Corporation, Beats Electronics, Sony Corporation, JVCKENWOOD Corporation, Xmi Pte. Ltd., Samsung Electronics, Logitech International S.A, LG Electronics, Inc., Yamaha Corporation, Panasonic Corporation, and Sound United.

Market Segmentation

• By Technology
  • Bluetooth
  • Wi-Fi
  • Others
• By Distribution Channel
  • Organized Retail
  • Unorganized Retail
  • Online/e-commerce
• By Product Type
  • Earphones & Headphones
  • Portable Speakers
  • Others (Multi-room Speakers, etc.)
• By End User
  • Residential
  • Commercial
• By Region
  • North America
  • Latin America
  • Europe
  • SEA and Other Asia Pacific
  • Japan
  • China
  • Middle East & Africa

Key Regions

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
  • Russia
  • Rest of Europe
• SEA and Other APAC
  • India
  • Taiwan
  • Singapore
  • Australia and New Zealand
  • Rest of SEA & other APAC
• China
  • Mainland China
  • Hong Kong
• Japan
• MEA
  • GCC
  • North Africa
  • South Africa
  • Turkey
  • Rest of MEA

Wireless Audio Devices are mainly used for entertainment propose through audio streaming. There are mainly three types of Wireless Audio Devices namely earphones and headphones, portable speakers, and other (Multi-room Speakers etc.). Wireless headphones and earphones include over-the-ear, behind-the-ear, in-ear, and other wearing options. These include Bluetooth-enabled and noise-cancelling headphones. Portable speakers are audio speakers which run on batteries, and can be easily carried and transported by the user. Other devices are the speakers with wireless connectivity, which can be paired with other smart devices such as computers and mobile devices. Sound bars, wireless home theaters, and speakers receive digital audio streams from the host device, which decode, decompress, and amplify the audio through built-in speakers.

The global Wireless Audio Devices Market to expand at a CAGR of 8.4% during the forecast period. Demand for Wireless Audio Devices is expected to be driven by increase in wireless connectivity, shift in consumer media consumption preferences and growing penetration of smartphones, tablets, and smart watches.

Global Wireless Audio Devices Market is categorized on the basis of technology, distribution channel, product type, end user and region. On the basis of technology, the market is segmented into Bluetooth, Wi-Fi and others. Bluetooth segment accounted for highest market share 68.6% in 2017. On the basis of distribution channel, the market is segmented into organized retail, unorganized retail, and online/e-Commerce. Online/e-Commerce segment is anticipated to register a CAGR of 9.3% during the forecast period.  On the basis of product type, the market is segmented into earphones and headphones, portable speakers and others. Portable speakers segment is anticipated to register a CAGR of 10.3% during the forecast period. Portable speakers Segment had a market share of 39.3% in the year 2017. On the basis of end user, the market is segmented into residential and commercial. Residential segment is anticipated to register a CAGR of 8.9% during the forecast period. Residential Segment had a market share of 77.4% in the year 2017.

Among the regions, North America accounted for the largest market share in 2017 owing to high number of local players and technological advancements in the region. Also, demand for Wireless Audio Devices is increasing in the markets in MEA and China.

Some of the top companies identified across the Wireless Audio Devices Market are: Harman International Industries, Bose Corporation, Beats Electronics, Sony Corporation, JVCKENWOOD Corporation, Xmi Pte. Ltd., Samsung Electronics, Logitech International S.A, LG Electronics, Inc., Yamaha Corporation, Panasonic Corporation, and Sound United.

Company Profiles

• Harman International Industries
• Panasonic Corporation
• Sound United
• Xmi Pte. Ltd.
• Beats Electronics
• Bose Corporation
• Yamaha Corporation
• Sony Corporation
• JVCKENWOOD Corporation
• Logitech International S.A
• LG Electronics Inc.
• Samsung Electronics
• Others.