The global wireless audio devices market has been witnessing steady growth over the last few years on account of growing implementation of wireless devices in various sectors and the increasing demand for consumer electronics.

Increasing penetration of wireless devices in the commercial sector is one of the major driving factors for wireless audio device market. For instance, wireless microphones are widely used in sports events. The media and entertainment market has been growing rapidly in the Asia-Pacific region, which in turn is boosting the demand for wireless microphones. These microphones are widely used in various events such as Olympics, World Cup, Commonwealth, and others. Wireless speakers are widely used in residential buildings, majorly due to the increasing demand for sophisticated speakers, high-end home theatre systems, and home automation solutions.

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The global wireless audio device market is estimated to grow from USD 12.5 Billion in 2016 to USD 70.4 Billion by 2027, growing at a CAGR of 17% during the forecast period.
Objective Study of Wireless Audio Device Market:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global wireless audio device market.
• To provide insights about factors affecting the market growth.
• To analyze the global wireless audio device market based on tools such as Porter’s Five Forces Analysis.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, Asia, and Rest of the World (ROW) and their countries.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by type, service provider and region.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global wireless audio device market.

Segments
For the purpose of this study, Market Research Future has segmented the market of wireless audio device into type, service provider and region.
Product
• Wireless Speaker System
• Wireless Headsets
• Sound Bar
• Wireless Microphones
Technology
• Bluetooth
• Wi-Fi
• Airplay
• Others
End-User
• Commercial
• Electronics
• Telecommunications
• Automotive
• Security & Defiance
Key Region
• North-America
• Europe
• Asia-Pacific
• RoW

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Key Players
Sony Corporation (Japan)
Bose Corporation (U.S.)
Sennheiser Electronic Gmbh & Company Kg (Germany)
LG Electronics (South Korea)
Sonos, Inc. (U.S.)
Koninklijke Philips N.V. (Netherlands)
More.

Key Findings
• The global wireless audio device market is expected to reach USD 70 billion by 2027, growing with approximately 17% CAGR during forecast period, 2016-2027.
• By Product, Wireless speaker systems are dominating the market and has generated USD 4.48 billion in 2016, whereas, Sound bar is expected to grow with fastest growing 21.37 % CAGR.
• By Technology, Bluetooth technology is dominating the market and is expected to generate value of USD 36.46 billion by 2027, growing with 18.95% CAGR.
• North America is expected to dominate the wireless audio device market, throughout the forecast period.

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