(MENAFN- Ameliorate Digital Consultancy)
Latest Study on Industrial Growth of Wireless Audio Device market 2023-2029. A detailed study accumulated to offer current insights about important features of the Wireless Audio Device Market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, value chain optimization, price, and other substantial factors. While emphasizing the key driving and restraining forces for this industry, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading corporations involved in the industry including their corporate overview, financial summary, growth rate, available market and SWOT analysis.
“The global wireless audio device market size was valued at USD 40.58 billion in 2022. The market is projected to grow from USD 47.37 billion in 2023 to USD 143.41 billion by 2029, exhibiting a CAGR of 17.1% during the forecast period.”
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Most Prominent Players in the Market are: Apple(Beats), SAMSUNG(Harman), Google, Amazon, Sonos, Bose, Shure, Sennheiser, Sony, GN(Jabra/Vxi), LG, Plantronics, Philips, VOXX, Alibaba, YAMAHA, Xiaomi
This report segments the Wireless Audio Device Market on the basis of Types are :
Sound Bar and Wireless Speakers
Wireless Headphones& Earphones
Wireless Microphone
Others
On the basis of application , the Wireless Audio Device Market is segmented into:
Consumer and Home
Commercial
Automotive
Other Applications
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Wireless Audio Device Market various segments and emerging territory.
Regional Analysis:
For comprehensive understanding of market dynamics, Wireless Audio Device Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed based on the market research findings of key countries in these regions to understand the market on a macro level.
DRIVING FACTORS
With the advent of wireless technologies, such as Bluetooth and Wi-Fi, consumers are shifting to wireless audio devices. This gradual shift has increased demand for earbuds and headphones. Moreover, simple functionality, reliable audio quality, and compact structure of these devices are some of the factors driving the market.
According to a report by Bluetooth SIG, Inc., 152 million earbuds were sold in 2020 and are expected to reach 521 million shipments globally by 2025.
Companies worldwide, including key players, are incorporating strategies to launch products comprehending the consumer shifts. For instance,
In March 2022, Technics, a Panasonic brand, launched true wireless earbuds models EAH-AZ40 and EAH-AZ60, catering to consumers' work-from-anywhere lifestyle and reliable for video conferences and calls. The earbuds feature Dual Hybrid Noise Canceling and JustMyVoice technologies, which actively capture and detect the voice while isolating surrounding noise.
RESTRAINING FACTORS
Radio frequencies (RF) refer to wireless electromagnetic signals used for communication. The frequencies can range from 3kHz to 300 GHz. The Federal Communications Commission (FCC) regulates the radio frequency devices in electrical and electronic products capable of releasing radio frequency energy through conduction, radiation, or other means. Such products can cause disturbance to radio services functioning in the frequency range of 9 kHz to 3000 GHz. These devices are subject to the FCC's equipment authorization rules, and manufacturers must comply for the continuity of their businesses. These devices are used rapidly in healthcare due to their ease and versatile functionality. For instance,
In 2022, the enlargement and production of LE Audio are being finalized by Bluetooth SIG to help manufacture Bluetooth hearing aids. Individuals with hearing loss can avail of all Bluetooth wireless audio-related benefits.
Several international organizations and the U.S. government agencies work supportively to monitor research on the health effects caused by RF exposure. Thus, such restrictions can hamper the wireless audio device market growth.
KEY INDUSTRY PLAYERS
October 2021: Audiotonix Group acquired Sound Devices LLC to expand its scale of wireless microphone systems. Sound Devices LLC is a U.S.-based audio company specializing in RF wireless technology. This acquisition expanded Audiotonix's professional solutions in audio environments.
May 2020: Q5X, an audio transmitter company, partnered with major players in wireless audio devices, including Shure Incorporated. This partnership brought Shure Inc.'s Axient Digital wireless transmitter system and Q5X platform together, streamlining functions in activities of theater, sports, and reality television shows. The system comprises a bodypack transmitter, handheld wireless microphone, and digital wireless receiver.
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Important Highlights of the report:
This research report reveals this business overview, product overview, market share, demand and supply ratio, supply chain analysis, and import/export details The industry report captivates different approaches and procedures endorsed by the market key players to make crucial business decisions The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed Porter's five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies
Strategic Points Covered in Table of Content of Global Wireless Audio Device Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Wireless Audio Device Market
Chapter 2: Exclusive Summary and the basic information of the Wireless Audio Device Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Technical Assessment Software
Chapter 4: Presenting the Wireless Audio Device Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2017-2021
Chapter 6: Evaluating the leading industrialists of the Wireless Audio Device Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2029)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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Firm Profiling Detailed profiling of key market Companies (as much as 3 Companies) SWOT evaluation of key market Companies (as much as 3 companies)
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