Global Wireless Audio Devices Industry was valued at USD 17.6 Billion in the year 2017. Global Wireless Audio Devices Industry is further estimated to grow at a CAGR of 11.5% from 2019 to reach USD 41.21 Billion by the year 2025. North America region holds the highest Industry share in 2017 and the Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At the country level, the U.S is projected to grow strongly in the coming years.
Major market players in Wireless Audio Devices Industry are Sony Corp., Sennheiser Electronic GmbH & Co. KG, Apple Inc., Bose Corp., Koninklijke Philips N.V., DEI Holdings Inc., LG Electronics, Vizio Inc., Harman International (JBL) and brief overview of 11 companies is also provided in the report. Rising research and development expenses to cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Wireless Audio Devices Industry:
Rising adoption of smartphones
Improving wireless technologies
May cause negative health issue
Rising demand in live music streaming
Threats from substitute
The Global Wireless Audio Devices Industry is segmented on the basis of product type, application, technology and region. The major shares of the Industry come from Wireless Speaker System, by product in Global Wireless Audio Devices Industry. On the other hand, Bluetooth speakers, by application for this Industry is expected to grow at highest CAGR during the year 2019-2025.
Wireless Audio Devices Industry Segmentation:
• Radio Frequency
By Product Type
• Sound Bars
• Wireless Headsets & Microphones
• Wireless Speaker Systems
• North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East & Africa