Global Wireless Audio Devices Market By Type (Bluetooth Speakers, Wireless Multiroom Audio Systems, Sound Bars and Others), By Technology (Bluetooth, Wi-Fi, Airplay and Others), By Application (Commercial, Consumer, Automotive and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Market Overview

The global wireless audio devices market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 18.2% during the forecast period (2023-2030).

Connectivity, extensibility, adaptability and convenience are all features of a wireless audio system. Music can be streamed from audio-enabled devices to wireless output systems via wireless platforms like Bluetooth, radio frequency, infrared, Wi-Fi, SKAA and airplay. Wireless technology is a key factor in developing semiconductors and electrical gadgets.

Scope

Dynamics

The growing demand for smartphones

Numerous audio solution providers are releasing new models and features in the wireless audio devices market at competitive prices in response to consumers' growing demand for audio-based devices. The proliferation of wireless audio devices is anticipated to be fueled by a high demand for WSNs (wireless sensor networks) across numerous industries. The adoption of smart home automation systems is predicted to increase demand for smart speakers, which may use voice assistants to monitor and manage connected devices. The market for wireless audio devices is anticipated to rise due to these causes.

The rising penetration of infotainment devices

The demand for mobile accessories has grown recently as infotainment devices such as TVs, PCs, mobile phones, laptops, tablets and in-vehicle entertainment devices have become more widely used. One of the key aspects triggering the market growth for wireless audio devices is the infotainment devices market's explosive rise.

Segment Analysis

The global wireless audio devices market is segmented based on type, technology, application and region.

The technological advancements in Bluetooth 

Throughout the forecast, the bluetooth category is expected to dominate the market. The use of Bluetooth is a widely recognized standard. The fact that it works with practically every gadget is the main factor in the technology's superior performance over other products on the market. One such technological development was the arrival of Qualcomm aptX and Bluetooth 4.0, which significantly improved the speaker's audio quality and increased acceptance. Compared to other wireless audio transmission systems, Bluetooth uses less energy.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

The growing adoption of mobile banking and cashless payments in Asia-Pacific

The demand for various wireless microphone-related products in Asia-Pacific has increased due to the auto industry's increasing automation. These products are used in driver assistance systems, controllers, power-integrated devices, telematics and positioning systems. Both driverless and electric vehicles frequently employ these parts. Consequently, rising demand for electric vehicles is expected to promote product acceptance over the forecast period.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include Apple Inc. (Beats), Bose Corporation, Harman International Industries (JBL), LG Electronics, Philips Electronics, Samsung, Sennheiser Electronic GmbH & Co., Sonos Inc., Sony Corporation and Vizio, Inc.

COVID-19 Impact Analysis

By Type

• Bluetooth Speakers 
• Wireless Multiroom Audio Systems
• Sound-bars
• Others

By Technology

• Bluetooth 
• Wi-Fi
• Others

By Application

• Automotive 
• Consumer
• Commercial
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On August 2022, Sony India introduced the HT-S400, a 2.1ch soundbar with a wireless subwoofer. According to the manufacturer, the S-Force PRO Front Surround technology produces 330W of overall power and crisp communication. It has a characteristic rectangular X-Balanced Speaker Unit that maximizes the diaphragm as part of the front speakers.
• On August 2022, the 2.1ch soundbar with a wireless subwoofer, the HT-S400, was introduced by Sony India. According to the manufacturer, the S-Force PRO Front Surround technology produces 330W of overall power and crisp communication. It has a characteristic rectangular X-Balanced Speaker Unit that maximizes the diaphragm as part of the front speakers. The device improves vocal clarity and reduces distortion by maintaining sound pressure and reducing driver excursion.
• On November 2022, the Swedish company Defunc and Salora International unveiled true wireless stereo (TWS) earbuds, earpods and multi-room smart Wi-Fi home speaker solutions. Defunc unveiled five distinct earbud types in India and two various-sized Wi-Fi home speakers. Two color options for the Wi-Fi home speakers are grey and black. 

The global wireless audio devices market report would provide approximately 61 tables, 5 figures and 205 Pages.

Suggestions for Related Report 

• Global Wireless Mouse Market
• Global Wireless Microphones Market
• Global Wireless Charging Market

Trending Topics

3D Audio Market

Digital Audio Workstation Market

Wireless Microphones Market