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Wireless Audio Market Share, Trend & Growth Forecast to 2026

The wireless audio market is dynamic and rapidly growing due to rise in demand for Bluetooth or Wi-Fi-enabled microphones, sound-bars, headphones, and speakers among consumers. Moreover, high expenditure of OEMs operating in the semiconductor industry for wireless devices is bolstering market demand.

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Wireless Audio Market Share, Trend & Growth Forecast to 2026

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  1. Wireless Audio Market Trends, Analysis & Forecast,2026 The wireless audio market is dynamic and rapidly growing due to rise in demand for Bluetooth or Wi-Fi-enabled microphones, sound-bars, headphones, and speakers among consumers. Moreover, high expenditure of OEMs operating in the semiconductor industry for wireless devices is bolstering market demand. The paradigm shift from wired audio systems to wireless audio systems offers enhanced features such as improvement in audio quality, noise cancellation, and portability to consumers. Changing consumer preferences toward digital audio, noise cancellation, comfortable wearing styles, enhanced audio quality, and advantages of analog RF transmission are burgeoning wireless audio market growth. Growing consumer applications equipped with these devices have opened up new avenues in the industry. The wireless audio market players are focusing on strategic product developments, which cater to specific application requirements. For instance, in January 2019, Bose announced the launch of Bose Portable Home Speaker, a compact speaker that collaborates the convenience of battery power, ease of voice control, and simplicity of Bluetooth in an innovative design. The wireless portable device delivers deeper bass and improved 360-degree sound. It works built-in with Amazon’s Alexa and Google Assistant both to access weather, playlists, news, podcasts, and smart home devices. The smart audio device is Wi-Fi & Bluetooth enabled and runs on battery power. The commercial & special application segment held a significant wireless audio market share in 2019 due to the increasing demand for wireless infotainment devices across the automotive sector. Key market players are focusing on the provision of innovative products to the automotive sector, which will help them hold a significant market share in the industry. Key market players are bringing innovation in these devices to cater to specific consumer needs. For instance, in September 2019, Plantronics, Inc. announced the next-generation of Savi wireless headsets. The device will deliver improved noise cancellation and offer several wearing styles to users. Additionally, it provides multiple device connectivity and office mobility. Stringent government regulations related to noise emissions and noise regulations are hindering market growth. Additionally, negative health effects on children and adults are restraining market growth. 1 | P a g e

  2. The North America region held the largest market share in the wireless audio industry due to the presence of prominent market players, tech-savvy young generation, high disposable income, and growing use of wireless audio devices across several enterprises. The increasing spending capabilities, proliferation of smartphones, and growing inclination toward mobility devices across Asia Pacific are propelling market demand. Market players are focusing on strategic alliances with other market players to bring innovations in products. For instance, in January 2020, Dirac, a Swedish audio technology company that specializes in digital audio optimization, announced a collaboration with NXP Semiconductors, a global semiconductor manufacturer, to integrate Dirac’s digital audio platform with NXP i.MX 8M family of chipsets. This will help OEMs to enable their devices with an immersive, adaptive, and maximized sound across their complete range of products. About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Connect with us: Facebook|Google+ | LinkedIn | Twitter 2 | P a g e

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