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Wireless Audio Device Market by Product (Headphones, True Wireless Hearables/Earbuds, Speaker) Technology (Bluetooth, Wi-Fi, Airplay), Application (Home Audio, Consumer, Professional, Automotive), Functionality and Region - Global Forecast to 2028

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    Report

  • 217 Pages
  • September 2023
  • Region: Global
  • Markets and Markets
  • ID: 5403277
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Asia-Pacific Region is Likely to Grow at the Highest CAGR

The global wireless audio device market was valued at USD 58.5 billion in 2023 to USD 159.3 billion by 2028; it is expected to grow at a CAGR of 22.2% from 2023 to 2028. The expansion of the wireless audio device market is being driven by the increasing utilization of wireless audio devices within households, the global surge in the adoption of wireless headphones, and rising consumer demand for such wireless audio devices.

Key players operating in the Wireless Audio Device Market are Apple Inc (US), HARMAN International (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan). The consumer electronics segment including smartphones, computers, and gaming consoles, utilize wireless audio devices like headphones and headsets. The growing prevalence of technologically advanced smartphones has generated a heightened need for wireless headphones and headsets.

The true wireless hearables/earbuds product is projected to grow at the highest CAGR during the forecast period.

True wireless hearables/earbuds are projected to grow at the highest CAGR during the forecast period. True wireless earbuds deliver a cord-free listening experience, removing the necessity for tangled cables. They also feature a compact and easily portable design, enhancing their suitability for users with active lifestyles. The combination of convenience, technological advancements, versatile capabilities, and user-friendly features has made true wireless earbuds widely accessible and appealing, resulting in their rapid adoption by a global consumer base.

The Bluetooth technology is projected to grow at the highest CAGR during the forecast period.

The Bluetooth technology will likely grow at the highest CAGR during the forecast period. Bluetooth technology serves as a vital component in the Internet of Things (IoT) ecosystem, enabling communication among diverse smart devices, including audio equipment, within smart homes and similar environments.

With ongoing advancements in Bluetooth technology within these domains, it retains its position as the favored wireless communication standard for audio devices, thereby playing a significant role in fueling the expansion of the wireless audio device market.

Asia Pacific region is likely to grow at the highest CAGR.

The Asia-Pacific region, known for its status as the most densely populated in the world, is experiencing a surge in demand for consumer electronics like smartphones and tablets. This surge is a significant driver behind the expansion of the wireless audio device market in this region. Additionally, the increasing prevalence of smart devices is another key factor contributing to the growth of wireless audio devices in Asia Pacific.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type - Tier 1 - 18%, Tier 2 - 22%, Tier 3 - 60%
  • By Designation- C-level Executives - 21%, Manager - 35%, Others - 44%
  • By Region-North America - 45%, Europe - 20%, Asia Pacific - 30%, RoW - 5%

The wireless audio device market is dominated by a few globally established players such as Apple Inc (US), HARMAN International (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan), Masimo (US), Sennheiser electronic GmbH & Co. KG (Germany), VOXX International Corp.(US), VIZIO, Inc. (US), Marshall Group (Sweden). The study includes an in-depth competitive analysis of these key players in the wireless audio device market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the wireless audio device market and forecasts its size by product, technology, functionality, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions- North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the wireless audio device ecosystem.

Key Benefits to Buy the Report:

  • Analysis of Key Drivers (Surge in global demand for Truly Wireless (TWS) earbuds and headphones, Rise in the use of wireless audio devices in the commercial sector, Consumers rising interest in rich video content is pulling demand for wireless compact devices). Restraints (Restrictions on the use of radio frequency spectrum by wireless audio equipment, Restrictions on the use of radio frequency spectrum by wireless audio equipment). Opportunities (Restrictions on the use of radio frequency spectrum by wireless audio equipment, Advent of Bluetooth LE Audio, Increased demand for home theaters and LCDs) and Challenges (Effect of bandwidth constraints, coding delays, and bit errors on audio quality).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the wireless audio device market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the wireless audio device market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the wireless audio device market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Apple Inc (US), HARMAN International (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan) among others in the wireless audio device market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Market Segmentation
1.3.2 Regional Analysis
1.3.3 Years Considered
1.3.4 Inclusions and Exclusions
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
1.9 Impact of Recession

2 Research Methodology
2.1 Introduction
Figure 2 Wireless Audio Device Market: Research Design
2.2 Research Data
Figure 3 Primary and Secondary Research
2.2.1 Secondary Data
2.2.1.1 Secondary Sources
2.2.1.2 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Breakdown of Primary Interviews
2.2.2.2 Key Data from Primary Sources
2.2.2.3 Key Industry Insights
2.2.2.4 Primary Sources
2.3 Factor Analysis
Figure 4 Market Size Estimation Methodology: Approach 1 - Top-Down (Supply Side): Revenues Generated by Companies from Sales of Wireless Audio Devices
2.3.1 Wireless Audio Device Market Size Estimation: Demand-Side Analysis
Figure 5 Market Size Estimation Methodology: Demand-Side Analysis
2.4 Market Size Estimation
Figure 6 Market Size Estimation Methodology: Supply-Side Analysis
2.4.1 Bottom-Up Approach
2.4.1.1 Approach to Estimate Market Size Using Bottom-Up Analysis
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
2.4.2.1 Approach to Estimate Market Size Using Top-Down Analysis (Supply Side)
Figure 8 Market Size Estimation Methodology: Top-Down Approach
2.5 Market Breakdown & Data Triangulation
Figure 9 Data Triangulation
2.6 Research Assumptions
2.6.1 Assumptions
2.6.2 Parameters Considered to Analyze the Impact of Recession on the Wireless Audio Device Market
2.7 Research Limitations
2.8 Risk Assessment
Table 1 Wireless Audio Device Market: Risk Assessment

3 Executive Summary
Figure 10 Wireless Audio Device Market, 2019-2028
Figure 11 Consumer Segment to Hold Largest Size of Wireless Audio Device Market in 2028
Figure 12 Bluetooth Segment to Register Highest CAGR in Wireless Audio Device Market from 2023 to 2028
Figure 13 Asia-Pacific Held Largest Share of Wireless Audio Device Market in 2022

4 Premium Insights
4.1 Attractive Opportunities for Players in Wireless Audio Device Market
Figure 14 Increasing Consumer Preference for Wireless Audio Devices to Drive Market
4.2 Wireless Audio Device Market, by Product
Figure 15 True Wireless Hearables/Earbuds Segment to Exhibit Highest CAGR in Wireless Audio Device Market from 2023 to 2028
4.3 Wireless Audio Device Market, by Functionality
Figure 16 Smart Devices Segment to Account for Larger Market Share from 2023 to 2028
4.4 Wireless Audio Device Market, by Technology and Application
Figure 17 Bluetooth Technology and Consumer Application to Capture Largest Market Shares in 2023
4.5 Wireless Audio Device Market, by Region
Figure 18 Wireless Audio Device Market in Asia-Pacific to Register Highest CAGR from 2023 to 2028

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Wireless Audio Device Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Surge in Demand for Truly Wireless (Tws) Earbuds and Headphones
Table 2 Global Shipment of Tws Devices in 2021 and 2022
5.2.1.2 Rise in Use of Wireless Audio Devices in Commercial Sector
5.2.1.3 Rising Need for Uninterrupted, Immersive, and Individualized Audio Experience
Figure 20 Drivers and Their Impact on Wireless Audio Device Market
5.2.2 Restraints
5.2.2.1 Restrictions on Use of Radiofrequency Spectrum in Wireless Audio Equipment
5.2.2.2 Hearing Impairment Resulting from Continuous and Prolonged Exposure to Audio Devices
5.2.2.3 Interference Caused by Wireless Audio Devices in Functioning of Implanted Medical Devices
Figure 21 Restraints and Their Impact on Wireless Audio Device Market
5.2.3 Opportunities
5.2.3.1 Shifting Focus of Wireless Audio Device Manufacturers Toward Development of Smart Audio Devices
5.2.3.2 Development of Alexa-Compatible Wireless Headphones to Remotely Control Home Appliances Through Voice Commands
5.2.3.3 Advent of Bluetooth Le Audio
5.2.3.4 Increased Demand for Home Theaters and Liquid Crystal Displays (Lcds)
Figure 22 Opportunities and Their Impact on Wireless Audio Device Market
5.2.4 Challenges
5.2.4.1 Effect of Bandwidth Constraints, Coding Delays, and Bit Errors on Audio Quality
Figure 23 Challenges and Their Impact on Wireless Audio Device Market
5.3 Supply Chain Analysis
Figure 24 Wireless Audio Device Market: Supply Chain Analysis
5.4 Ecosystem Mapping
Figure 25 Wireless Audio Device Market: Ecosystem
Table 3 Wireless Audio Device Market: Role of Key Players in Ecosystem
5.5 Average Selling Price Trend Analysis
Figure 26 Asp Trends for Wireless Headphones, Earphones, True Wireless Hearables/Earbuds, and Headsets, 2019-2028
5.6 Trends/Disruptions Impacting Customer Business
Figure 27 Revenue Shifts and New Revenue Pockets for Players in Wireless Audio Device Market
5.7 Technology Analysis
5.7.1 Next Generation of Bluetooth Audio
5.7.2 Implementation of AI Technology in Wireless Systems to Facilitate Noise Cancellation
5.7.3 Development of Truly Wireless (Tws) Earbuds and Headphones
5.8 Porter's Five Forces Analysis
Table 4 Wireless Audio Device Market: Porter's Five Forces Analysis
Figure 28 Porter's Five Forces Analysis
5.8.1 Threat of New Entrants
5.8.2 Threat of Substitutes
5.8.3 Bargaining Power of Suppliers
5.8.4 Bargaining Power of Buyers
5.8.5 Intensity of Competitive Rivalry
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in the Buying Process
Figure 29 Influence of Stakeholders on the Buying Process for Top 3 Applications
Table 5 Influence of Stakeholders on the Buying Process for Top 3 Applications (%)
5.9.2 Buying Criteria
Figure 30 Key Buying Criteria for Major Applications
Table 6 Key Buying Criteria, by Application
5.10 Case Study Analysis
5.10.1 Bose Corporation's Noise-Canceling Headphones Make Air Travel Better with Unmatched In-Flight Entertainment
5.10.2 Forever Living Products Japan Overcomes Wireless Microphone Challenges with Speechline Digital Wireless System Offered by Sennheiser
5.11 Trade Analysis
5.11.1 Import Scenario
Table 7 Import Data for Products Covered Under HS Code 851830, by Country, 2018-2022 (USD Million)
5.11.2 Export Scenario
Table 8 Export Data for Products Covered Under HS Code 851830, by Country, 2018-2022 (USD Million)
5.12 Patent Analysis
Table 9 List of Patents Pertaining to Wireless Audio Device Market, 2021-2023
Figure 31 Number of Patents Granted for Wireless Audio Devices from 2012 to 2022
5.13 Key Conferences and Events, 2023-2024
Table 10 Wireless Audio Device Market: Detailed List of Conferences and Events
5.14 Tariffs and Regulatory Landscape
5.14.1 Standards
5.14.1.1 Federal Communications Commission (Fcc)
5.14.1.2 International Organization for Standardization (ISO)
5.14.2 Tariffs
Table 11 Tariffs for HS Code 851830-Compliant Products Exported by Germany (2022)
Table 12 Tariffs for HS Code 851830-Compliant Products Exported by China (2022)
5.14.3 Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations

6 Wireless Audio Device Market, by Application
6.1 Introduction
Figure 32 Consumer Segment to Register Highest CAGR in Wireless Audio Device Market During Forecast Period
Table 16 Wireless Audio Device Market, by Application, 2019-2022 (USD Billion)
Table 17 Wireless Audio Device Market, by Application, 2023-2028 (USD Billion)
6.2 Home Audio
6.2.1 Increased Use of Wireless Audio Devices for In-Home Applications to Fuel Market Growth
Table 18 Home Audio: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 19 Home Audio: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
6.3 Professional
6.3.1 Increasing Demand for High-End Wireless Audio Devices from Various Industries to Augment Market Growth
Table 20 Professional: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 21 Professional: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
6.4 Consumer
6.4.1 Rise in Adoption of Technologically Advanced Smartphones to Drive Market
Table 22 Consumer: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 23 Consumer: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
6.5 Automotive
6.5.1 Focus on Enhancing In-Car Entertainment and Communication Experiences to Boost Adoption of Wireless Audio Devices
Table 24 Automotive: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 25 Automotive: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
6.6 Others
Table 26 Others: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 27 Others: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)

7 Wireless Audio Device Market, by Product
7.1 Introduction
Figure 33 True Wireless Hearables/Earbuds Segment to Register Highest CAGR from 2023 to 2028
Table 28 Wireless Audio Device Market, by Product, 2019-2022 (USD Billion)
Table 29 Wireless Audio Device Market, by Product, 2023-2028 (USD Billion)
Table 30 Wireless Audio Device Market, by Product, 2019-2022 (Million Units)
Table 31 Wireless Audio Device Market, by Product, 2023-2028 (Million Units)
7.2 Headphones
7.2.1 Increased Popularity of Noise-Cancelation Feature to Fuel Demand for Wireless Headphones
Table 32 Headphones: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 33 Headphones: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
7.3 Earphones
7.3.1 Rising Penetration of Smartphones to Drive Market for Earphones
Table 34 Earphones: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 35 Earphones: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
7.4 True Wireless Hearables/Earbuds
7.4.1 Ability to Provide Superior Audio Experiences Across Broad Spectrum of Activities to Drive Demand for True Wireless Hearables
Table 36 True Wireless Hearables/Earbuds: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 37 True Wireless Hearables/Earbuds: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
7.5 Headsets
7.5.1 Increasing Demand for Wireless Hands-Free Communication to Boost Adoption of Headsets
Table 38 Headsets: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 39 Headsets: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
7.6 Speakers
7.6.1 Convenience, Portability, and Flexibility of Speakers to Contribute to Market Growth
Table 40 Speakers: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 41 Speakers: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
7.7 Soundbars
7.7.1 Compatibility with TV sets, Smartphones, and Music Systems to Propel Demand for Soundbars
Table 42 Soundbars: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 43 Soundbars: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
7.8 Microphones
7.8.1 Improvements in Output Sound Quality to Lead to Heightened Adoption of Wireless Microphones
Table 44 Microphones: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 45 Microphones: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)

8 Wireless Audio Device Market, by Technology
8.1 Introduction
Figure 34 Bluetooth Segment to Record Highest CAGR from 2023 to 2028
Table 46 Wireless Audio Device Market, by Technology, 2019-2022 (USD Billion)
Table 47 Wireless Audio Device Market, by Technology, 2023-2028 (USD Billion)
8.2 Bluetooth
8.2.1 Cost-Effectiveness and Compatibility to Boost Demand for Bluetooth-based Wireless Audio Devices
8.3 Wi-Fi
8.3.1 Ability to Stream High-Quality Audio Content to Boost Demand for Wi-Fi
8.4 Bluetooth+Wi-Fi
8.4.1 High-Speed Connectivity and Low Power Consumption to Lead to Incorporation of Bluetooth+Wi-Fi in Wireless Audio Devices
8.5 Airplay
8.5.1 Increased Use of Airplay for Wireless Streaming of Data on Apple Devices to Drive Segmental Landscape
8.6 Radiofrequency
8.6.1 Increased Adoption of Radio Frequency Technology in Professional Audio Equipment to Drive Market
8.7 Others
8.7.1 Wireless Speaker & Audio (Wisa)
8.7.2 Kleernet
8.7.3 Allplay
8.7.4 Skaa
8.7.5 Play-Fi
8.7.6 Infrared (Ir)

9 Wireless Audio Device Market, by Functionality
9.1 Introduction
Table 48 Wireless Audio Device Market, by Functionality, 2019-2022 (USD Billion)
Figure 35 Smart Devices Segment to Exhibit Higher CAGR in Wireless Audio Device Market from 2023 to 2028
Table 49 Wireless Audio Device Market, by Functionality, 2023-2028 (USD Billion)
9.2 Smart Devices
9.2.1 Rise in Use of Voice Assistants and Home Automation to Drive Market
Table 50 Smart Devices: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 51 Smart Devices: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
9.3 Non-Smart Devices
9.3.1 Use of Non-Smart Wireless Audio Devices for Audio Amplification and Enhancement to Drive Market
Table 52 Non-Smart Devices: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 53 Non-Smart Devices: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)

10 Wireless Audio Device Market, by Region
10.1 Introduction
Figure 36 Wireless Audio Device Market in Asia-Pacific to Register Highest CAGR from 2023 to 2028
Table 54 Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 55 Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
10.2 North America
Figure 37 North America: Wireless Audio Device Market Snapshot
Table 56 North America: Wireless Audio Device Market, by Product, 2019-2022 (USD Billion)
Table 57 North America: Wireless Audio Device Market, by Product, 2023-2028 (USD Billion)
Table 58 North America: Wireless Audio Device Market, by Application, 2019-2022 (USD Billion)
Table 59 North America: Wireless Audio Device Market, by Application, 2023-2028 (USD Billion)
Table 60 North America: Wireless Audio Device Market, by Functionality, 2019-2022 (USD Billion)
Table 61 North America: Wireless Audio Device Market, by Functionality, 2023-2028 (USD Billion)
Table 62 North America: Wireless Audio Device Market, by Country, 2019-2022 (USD Billion)
Table 63 North America: Wireless Audio Device Market, by Country, 2023-2028 (USD Billion)
10.2.1 Impact of Recession on North America
10.2.2 US
10.2.2.1 Presence of Numerous Wireless Audio Device Manufacturers to Drive Market
Table 64 US: Wireless Audio Device Market, by Product, 2019-2022 (USD Billion)
Table 65 US: Wireless Audio Device Market, by Product, 2023-2028 (USD Billion)
10.2.3 Canada
10.2.3.1 Growing Inclination of Consumers Toward Adoption of Innovative Products to Contribute to Market Growth
Table 66 Canada: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 67 Canada: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.2.4 Mexico
10.2.4.1 Increased Investments in Consumer Electronics Industry to Drive Market
Table 68 Mexico: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 69 Mexico: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.3 Europe
Figure 38 Europe: Wireless Audio Device Market Snapshot
Table 70 Europe: Wireless Audio Device Market, by Product, 2019-2022 (USD Billion)
Table 71 Europe: Wireless Audio Device Market, by Product, 2023-2028 (USD Billion)
Table 72 Europe: Wireless Audio Device Market, by Application, 2019-2022 (USD Billion)
Table 73 Europe: Wireless Audio Device Market, by Application, 2023-2028 (USD Billion)
Table 74 Europe: Wireless Audio Device Market, by Functionality, 2019-2022 (USD Billion)
Table 75 Europe: Wireless Audio Device Market, by Functionality, 2023-2028 (USD Billion)
Table 76 Europe: Wireless Audio Device Market, by Country, 2019-2022 (USD Billion)
Table 77 Europe: Wireless Audio Device Market, by Country, 2023-2028 (USD Billion)
10.3.1 Impact of Recession on Europe
10.3.2 UK
10.3.2.1 Rising Popularity of Online Music and Radio Streaming to Fuel Market Growth
Table 78 UK: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 79 UK: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.3.3 Germany
10.3.3.1 Increasing Popularity of Soundbars and Wireless Streaming Speakers to Spur Market Growth
Table 80 Germany: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 81 Germany: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.3.4 France
10.3.4.1 Growing Adoption of Wireless Audio Devices for Home Entertainment Applications to Contribute to Market Growth
Table 82 France: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 83 France: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.3.5 Rest of Europe
Table 84 Rest of Europe: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 85 Rest of Europe: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.4 Asia-Pacific
Figure 39 Asia-Pacific: Wireless Audio Device Market Snapshot
Table 86 Asia-Pacific: Wireless Audio Device Market, by Product, 2019-2022 (USD Billion)
Table 87 Asia-Pacific: Wireless Audio Device Market, by Product, 2023-2028 (USD Billion)
Table 88 Asia-Pacific: Wireless Audio Device Market, by Application, 2019-2022 (USD Billion)
Table 89 Asia-Pacific: Wireless Audio Device Market, by Application, 2023-2028 (USD Billion)
Table 90 Asia-Pacific: Wireless Audio Device Market, by Functionality, 2019-2022 (USD Billion)
Table 91 Asia-Pacific: Wireless Audio Device Market by Functionality, 2023-2028 (USD Billion)
Table 92 Asia-Pacific: Wireless Audio Device Market, by Country, 2019-2022 (USD Billion)
Table 93 Asia-Pacific: Wireless Audio Device Market, by Country, 2023-2028 (USD Billion)
10.4.1 Impact of Recession on Asia-Pacific
10.4.2 China
10.4.2.1 Increasing Presence of International Wireless Speaker Manufacturers to Support Market Growth
Table 94 China: Wireless Audio Device Market, by Product, 2019-2022 (USD Billion)
Table 95 China: Wireless Audio Device Market, by Product, 2023-2028 (USD Billion)
10.4.3 Japan
10.4.3.1 Surging Demand for Consumer Electronics Equipped with Wireless Audio Devices to Boost Market
Table 96 Japan: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 97 Japan: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.4.4 South Korea
10.4.4.1 Increasing Focus of Consumer Electronics Industry on Developing Wireless Audio Products to Foster Market Growth
Table 98 South Korea: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 99 South Korea: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.4.5 India
10.4.5.1 Increasing Disposable Income to Boost Adoption of Wireless Audio Devices
Table 100 India: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 101 India: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.4.6 Rest of Asia-Pacific
Table 102 Rest of Asia-Pacific: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 103 Rest of Asia-Pacific: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.5 Rest of the World (RoW)
Table 104 RoW: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 105 RoW: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
Table 106 RoW: Wireless Audio Device Market, by Application, 2019-2022 (USD Billion)
Table 107 RoW: Wireless Audio Device Market, by Application, 2023-2028 (USD Billion)
Table 108 RoW: Wireless Audio Device Market, by Functionality, 2019-2022 (USD Billion)
Table 109 RoW: Wireless Audio Device Market, by Functionality, 2023-2028 (USD Billion)
Table 110 RoW: Wireless Audio Device Market, by Region, 2019-2022 (USD Billion)
Table 111 RoW: Wireless Audio Device Market, by Region, 2023-2028 (USD Billion)
10.5.1 Impact of Recession on RoW
10.5.2 South America
10.5.2.1 Adoption of Emerging Technologies to Favor Market Growth
Table 112 South America: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 113 South America: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)
10.5.3 Middle East & Africa
10.5.3.1 Surging Demand for Wireless Headphones and Speakers to Fuel Market Growth
Table 114 Middle East & Africa: Wireless Audio Device Market, by Product, 2019-2022 (USD Million)
Table 115 Middle East & Africa: Wireless Audio Device Market, by Product, 2023-2028 (USD Million)

11 Competitive Landscape
11.1 Overview
11.2 Strategies Adopted by Key Players
Table 116 Overview of Strategies Adopted by Top 5 Wireless Audio Device Manufacturers from 2020 to 2023
11.2.1 Product Portfolio
11.2.2 Regional Focus
11.2.3 Manufacturing Footprint
11.2.4 Organic/Inorganic Strategies
11.3 Market Share Analysis, 2022
Table 117 Wireless Audio Device Market: Degree of Competition, 2022
11.4 Revenue Analysis of Top 5 Market Players
Figure 40 5-Year Revenue Analysis of Top 5 Players in Wireless Audio Device Market, 2018-2022
11.5 Evaluation Matrix for Major Players, 2022
11.5.1 Stars
11.5.2 Emerging Leaders
11.5.3 Pervasive Players
11.5.4 Participants
Figure 41 Wireless Audio Device Market: Evaluation Matrix for Key Companies, 2022
11.6 Company Footprint
Table 118 Overall Company Footprint
Table 119 Company Offering Footprint
Table 120 Company Application Footprint
Table 121 Company Region Footprint
11.7 Evaluation Matrix for Startups/Small and Medium-Sized Enterprises (SMEs), 2022
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
Figure 42 Wireless Audio Device Market: Evaluation Matrix for Startups/Small and Medium-Sized Enterprises (SMEs), 2022
11.7.5 Competitive Benchmarking
Table 122 Wireless Audio Device Market: Detailed List of Key Startups/SMEs
Table 123 Wireless Audio Device Market: Competitive Benchmarking of Key Startups/SMEs (Offering Footprint)
Table 124 Wireless Audio Device Market: Competitive Benchmarking of Key Startups/SMEs (Application Footprint)
Table 125 Wireless Audio Device Market: Competitive Benchmarking of Key Startups/SMEs (Region Footprint)
11.8 Competitive Scenarios and Trends
11.8.1 Product Launches
Table 126 Product Launches, January 2020-July 2023
11.8.2 Deals
Table 127 Deals, January 2020-July 2023
11.8.3 Others
Table 128 Others, January 2020-July 2023

12 Company Profiles
Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View
12.1 Key Players
12.1.1 Apple Inc.
Table 129 Apple Inc.: Company Overview
Figure 43 Apple Inc.: Company Snapshot
Table 130 Apple Inc.: Products/Solutions/Services Offered
Table 131 Apple Inc.: Product Launches/Developments
12.1.2 Samsung (Harman International)
Table 132 Harman International: Company Overview
Figure 44 Harman International: Company Snapshot
Table 133 Harman International: Products/Solutions/Services Offered
Table 134 Harman International: Product Launches/Developments
Table 135 Harman International: Deals
12.1.3 Bose Corporation
Table 136 Bose Corporation: Company Overview
Table 137 Bose Corporation: Products/Solutions/Services Offered
Table 138 Bose Corporation: Product Launches/Developments
Table 139 Bose Corporation: Deals
12.1.4 Sonos, Inc.
Table 140 Sonos, Inc.: Company Overview
Figure 45 Sonos, Inc.: Company Snapshot
Table 141 Sonos, Inc.: Products/Solutions/Services Offered
Table 142 Sonos, Inc.: Product Launches/Developments
Table 143 Sonos, Inc.: Deals
Table 144 Sonos, Inc.: Others
12.1.5 Sony Corporation
Table 145 Sony Corporation: Company Overview
Figure 46 Sony Corporation: Company Snapshot
Table 146 Sony Corporation: Products/Solutions/Services Offered
Table 147 Sony Corporation: Product Launches/Developments
12.1.6 Masimo
Table 148 Masimo: Company Overview
Figure 47 Masimo: Company Snapshot
Table 149 Masimo: Products/Solution/Services Offered
Table 150 Masimo: Product Launches/Developments
Table 151 Masimo: Others
12.1.7 Sennheiser Electronic GmbH & Co. KG
Table 152 Sennheiser Electronic GmbH & Co. KG: Company Overview
Table 153 Sennheiser Electronic GmbH & Co. KG: Products/Solutions/Services Offered
Table 154 Sennheiser Electronic GmbH & Co. KG: Product Launches/Developments
Table 155 Sennheiser Electronic GmbH & Co. KG: Deals
12.1.8 Vizio, Inc.
Table 156 Vizio, Inc.: Company Overview
Figure 48 Vizio, Inc.: Company Snapshot
Table 157 Vizio, Inc.: Products/Solutions/Services Offered
Table 158 Vizio, Inc.: Product Launches/Developments
12.1.9 Voxx International Corp.
Table 159 Voxx International Corp.: Company Overview
Figure 49 Voxx International Corp.: Company Snapshot
Table 160 Voxx International Corp.: Products/Solutions/Services Offered
Table 161 Voxx International Corp.: Product Launches/Developments
Table 162 Voxx International Corp.: Deals
12.1.10 Marshall Group (Zound Industries)
Table 163 Marshall Group (Zound Industries): Company Overview
Figure 50 Marshall Group (Zound Industries): Company Snapshot
Table 164 Marshall Group (Zound Industries): Products/Solutions/Services Offered
Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
12.2 Other Players
12.2.1 Yamaha Corporation
12.2.2 Lg Electronics
12.2.3 Imagine Marketing Limited (Boat Lifestyle)
12.2.4 Xiaomi
12.2.5 Bang & Olufsen
12.2.6 Gn Store Nord A/S
12.2.7 Plantronics, Inc.
12.2.8 Shure
12.2.9 Dali
12.2.10 Jaybird

13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Executive Summary

Companies Mentioned

  • Apple Inc.
  • Bang & Olufsen
  • Bose Corporation
  • Dali
  • Gn Store Nord A/S
  • Imagine Marketing Limited (Boat Lifestyle)
  • Jaybird
  • Lg Electronics
  • Marshall Group (Zound Industries)
  • Masimo
  • Plantronics, Inc.
  • Samsung (Harman International)
  • Sennheiser Electronic GmbH & Co. KG
  • Shure
  • Sonos, Inc.
  • Sony Corporation
  • Vizio, Inc.
  • Voxx International Corp.
  • Xiaomi
  • Yamaha Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages217
PublishedSeptember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 58.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 159.3 Billion
Compound Annual Growth Rate22.2%
Regions CoveredGlobal
No. of Companies Mentioned20

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