1 / 4

Wireless Audio Market share | size, industry analysis and market forecast to 2023

Wireless Audio Device Market share, size, Research Report, identifies new revenue opportunity in Wireless Audio Device system. The report aims at estimating the market size and future growth of the Wireless Audio Device industry based on offering, process, application, vertical, and region.

marketreports
Download Presentation

Wireless Audio Market share | size, industry analysis and market forecast to 2023

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MarketsandMarkets Presents Wireless Audio Market share | size, industry analysis and market forecast to 2023 The overall wireless audio market was valued at USD 16.13 billion in 2016 and is expected to reach USD 31.80 billion by 2023, at a CAGR of 10.06% between 2017 and 2023. The major factors driving the growth of the wireless audio market include increasing demand for smartphones as a source of entertainment, consumer preferences for portable devices, and advancements in wireless technologies.

  2. The competition in the wireless audio market is high because of the presence of a large number of players. Some of the key players in the wireless audio market are Apple Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Bose Corporation (US), Sonos. Inc. (US), DEI Holdings, Inc. (US), Harman International Industries, Incorporated (US), Sennheiser electronic GmbH & Co. KG (Germany), VIZIO, Inc.(US), and Voxx International Corporation (US). Bose Corporation designs, develops, and markets sound systems. The company was founded in 1964 and is based in Massachusetts, US. The company offers its products and services through retail stores, authorized dealers, audio integrators, and consultants in the US. In the wireless audio market, the company develops sound solutions designed for numerous applications in space programs, home audio systems, stadiums, auditoriums, department stores, restaurants, and the automotive sector, among others. It provides automotive sound systems to a wide range of vehicle manufacturers, including Audi, Cadillac, Chevrolet, Fiat, and Porsche.

  3. With a constant focus on R&D in software and services, Sonos is improving its customers’ music experience. The company provides wireless audio systems, speakers, soundbars, home theaters, and audio streaming systems. It focuses on developing innovative products to stay ahead in the competition. For instance, in March 2017, company launched PLAYBASE, a wireless home sound system and the newest speaker in the company’s home theater line-up. PLAYBASE is a thin, powerful speaker, which can directly fit under the TV. The latest headsets, available in the market, are equipped with the latest version of Bluetooth smart chip. This chip helps in reducing the power consumption when listening to music and improving the range and quality of the sound. Also, the latest smartphones support near field communication (NFC) connectivity, which enables pairing of devices with a single tap. With further developments in the wireless technology, vendors would enhance their products with better connectivity and battery life; this is likely to drive the growth of the market for headsets. Moreover, wireless headsets and microphones keep the users’ hands free; owing to which, the user can perform other tasks.

  4. The wireless audio market in the Americas is likely to be driven by the increase in sale and installation of home entertainment devices. The growing population of music listeners, increasing digital music sales, and popularity of the audio & video entertainment segment are expected to influence the regional market positively over the next decade. The US is at the forefront of installing and buying the upcoming technologies such as wireless speakers and home entertainment systems. Contact:MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

More Related