The market for wireless audio device is expected to grow at a CAGR 18.60% during the forecast period 2021-2026. This market is primarily driven by the growth of this market include the growth of smartphone market, increasing popularity of wireless technology, high expenditure on R&D for wireless audio technology, advancements in technologies, and the growing demand of infotainment services.
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The Americas accounted for the largest share in wireless audio market. The products based on advanced wireless technologies (such as Bluetooth, AirPlay, and Wi-Fi) and high disposable incomes of consumers are expected to boost sales of wireless audio devices in this region.
Key market players inlcude Apple Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan), Voxx International Corporation (U.S.), Harman International Industries, Incorporated (U.S.), Bose Corporation (U.S.), Sonos, Inc. (U.S.), Dei Holdings Inc. (U.S.), Sennheiser Electronic GmbH & Co. KG (Germany) and Vizio, Inc. (U.S.).
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