Wireless Audio Devices Market | Significant Growth in the Market for Sound bars

1. Wireless Audio Devices Market Opportunity Analysis and Industry Forecast, 2016-2023 Significant Growth in the Market for Sound bars Global Opportunity Analysis and Industry Forecast, 2014-2022

2. Introduction Global Wireless Audio Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $38,807.5 million by 2022, registering a CAGR of 24.4% during the period 2016-2022. Wireless speaker systems segment is expected to dominate the market throughout 2014 - 2022. North America is expected to be the leading region in the market during the forecast period. Wireless audio devices have emerged as an ideal alternative to traditional wired audio devices, owing to their portability, convenience, cost-effectiveness, efficiency, and flexibility. Increasing penetration of infotainment devices, such as mobile phones, laptops, tablets, automobile infotainment devices, coupled with increasing demand for mobility services drive the market growth. Wireless Audio Devices Market

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4. Overview The Global Wireless audio devices market are used to transmit and receive various audio signals through wireless technologies, namely, Wi-Fi, Bluetooth, and AirPlay, among others. Wireless headphones, microphones, speakers, sound bars, and audio systems, radio tuners, and others are various types of wireless audio devices available in the market. Increasing penetration of infotainment devices, rising adoption of mobile devices, and increasing applications of wireless audio devices in the commercial sector including, events, shows, call centers, and others are the key driving factors of the market. Stringent government regulations have been imposed regarding the frequency range of audio devices. In addition, use of these devices at more than 85 decibels (dB) for 8 hours or more could adversely affect hearing ability of users. Wireless Audio Devices Market

5. Top Impacting Factors Wireless Audio Devices Market

6. Top Impacting Factors Increasing penetration of infotainment devices : The penetration of infotainment devices such as televisions, PCs, mobile phones, laptops, tablets, and in-vehicle infotainment devices has increased in the recent years Growing need for mobility services: The demand for mobility services among consumers for seamless connectivity and ease accessibility of information and resources has increased in the recent years. Increasing applications of wireless audio devices in commercial sector: Wireless audio devices are widely used in commercial sectors, such as media & entertainment, education, and corporate for various purposes including conferences, meetings, sport events, news broadcasting, and auctions among others. Wireless Audio Devices Market

7. Key Findings In 2015, wireless speaker systems segment dominated the overall wireless audio devices market in terms of revenue, and is projected to grow at a CAGR of 23.5% during the forecast period. Airplay technology segment is expected to grow at a remarkable CAGR of 26.6% from 2016 to 2022. Sound bars segment is projected to grow at the highest CAGR of 28.2% during the forecast period. Consumer segment is projected to generate the highest revenue in the market during the forecast period. In 2015, North America generated the highest revenue among all regions in thewireless audio devices market. Wireless Audio Devices Market

8. Key Players Apple, Inc., Bose Corporation, Harman International Industries, Incorporated, Sony Corporation, and Shure Incorporated among others are some of the prominent players in the market. Market players have focused on technological advancement of products and acquisitions for expansion in the market. For instance, in May 2016, Apple, Inc., a leading player in the industry, introduced wireless EarPods in the wireless headphones segment to expand its customer base and increase product offerings in wireless technology. Wireless Audio Devices Market

9. Key Segments • BY PRODUCT • Wireless Headsets & Microphones • Wireless Speaker Systems • Sound Bars • Others (A/V Receivers, Power Amplifiers, and Radio Tuners) • BY TECHNOLOGY • Bluetooth • Wi-Fi • Airplay • Others (Sonos and SKAA) • BY PRODUCT • Commercial • Consumer • Automotive • Others (Defense & Security) Wireless Audio Devices Market

10. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 Wireless Audio Devices Market

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