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Wireless Audio Device Market by Product (True Wireless Hearables/Earbuds, Headsets, Earphones), Technology (Bluetooth, Airplay, Wi-Fi), Application (Consumer, Home Audio, Automotive), Functionality (Smart, Non-smart) and Region - Global Forecast to 2029

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    Report

  • 250 Pages
  • August 2024
  • Region: Global
  • Markets and Markets
  • ID: 5403277
Description Jump to:
The Wireless Audio Device Market is projected to reach from USD 56.5 billion in 2024 to USD 70.9 billion by 2029; it is expected to grow at a CAGR of 4.7% from 2024 to 2029. Consumers are becoming increasingly aware of smart gadget features, components, and value propositions. This empowers individuals to make better purchasing judgments. The popularity of smart voice assistants originates from their capacity to improve users' daily lives in a practical and enjoyable manner. Encouragement and social interaction influence user happiness with AI-enabled products. Smart speakers' broad adoption opens up new potential for radio to improve its technological reach and broadcasting, and also to grow into podcasting and in-car audio.

Key players operating in the wireless audio device market are Apple Inc (US), SAMSUNG (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan).

The true wireless hearable/earpods is projected to grow at the highest CAGR during the forecast period.

The market is driven by continuous developments in characteristics such as noise reduction, gesture controls, audio assistance, audio quality, lifespan of batteries, and connection. The potential to create an immersive, three-dimensional listening experience is growing into a popular attribute among consumers when selecting earbuds. The increased popularity of smartphones is boosting the TWS earbuds market, because they are commonly sold as smartphone accessories.

The Bluetooth technology is projected to have the highest growth during the forecast period.

The use of Bluetooth is gaining popularity for various compelling reasons, including its adaptability, efficiency, and ongoing innovation. Bluetooth has proven its position as an important technology in a variety of industries, including audio, healthcare, smart homes, and industrial IoT. The ability to offer wireless communication between devices makes it indispensable for advanced technologies. Bluetooth's low power consumption is one of its most distinguishing characteristics. The efficiency is especially important for battery-powered devices, which may operate for a longer period of time without the need for frequent recharging.

Asia Pacific region is likely to register highest CAGR.

Rapid development in Asia-Pacific countries is contributing to a more independent lifestyle. Consumers want audio solutions that are convenient for their on-the-go activities, such as commuting or working out. Wireless audio devices meet this desire by offering the option of unattached listening. As disposable incomes improve in many Asia-Pacific countries, people are more prepared to invest in technological goods, such as wireless audio devices. Consumers are also drawn to the visual appeal and range of styles available on the market, which allows them to select products that match their unique style.

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%, Directors - 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), SAMSUNG (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan), Masimo (US), Sennheiser electronic SE & Co. KG (Germany), VOXX International Corp.(US), VIZIO, Inc. (US), Marshall Group AB (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, application, functionality, 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 demand for truly wireless (TWS) earbuds and headphones, Adoption of wireless audio devices in commercial sector, Rising need for Bluetooth and portable speakers). Restraints (Restrictive radio frequency spectrum in audio equipment, Hearing impairment from prolonged use of headphones and earbuds, Interference caused by wireless audio devices in functioning of implanted medical devices). Opportunities (Gaining popularity among health and fitness sector, Advent of Bluetooth LE Audio, Integration of smart home assistants and home theaters) and Challenges (Compromising audio quality due to bandwidth constraints, coding delays, and errors).
  • 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 solutions, 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), SAMSUNG (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 & Regions Covered
1.3.2 Years Considered
1.3.3 Inclusions and Exclusions
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Introduction
2.2 Research Data
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
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.1.1 Approach to Estimate Market Size Using Bottom-Up Analysis
2.4.2 Top-Down Approach
2.4.2.1 Approach to Estimate Market Size Using Top-Down Approach (Supply Side)
2.5 Market Breakdown & Data Triangulation
2.6 Research Assumptions
2.6.1 Assumptions
2.7 Research Limitations
2.8 Risk Assessment
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Wireless Audio Device Market
4.2 Wireless Audio Device Market, by Application
4.3 Wireless Audio Device Market, by Technology
4.4 Wireless Audio Device Market, by Product
4.5 Wireless Audio Device Market, by Functionality
4.6 Wireless Audio Device Market in Asia-Pacific, by Application and Functionality
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Elevating Demand for True Wireless Earbuds and Headphones
5.2.1.2 Rising Adoption of Wireless Audio Devices in Commercial Sector
5.2.1.3 Increasing Use of Bluetooth and Portable Speakers
5.2.2 Restraints
5.2.2.1 Restrictive Radio Frequency Spectrum in Audio Equipment
5.2.2.2 Hearing Impairment from Prolonged Use of Headphones and Earbuds
5.2.2.3 Disruption in Operation of Implanted Medical Devices due to Interference from Wireless Audio Devices
5.2.3 Opportunities
5.2.3.1 Popularity of Wireless Audio Devices in Health and Fitness Sector
5.2.3.2 Advent of Bluetooth Le Audio
5.2.3.3 Integration of Smart Home Assistants and Home Theaters
5.2.4 Challenges
5.2.4.1 Compromised Audio Quality due to Bandwidth Constraints, Coding Delays, and Errors
5.3 Value Chain Analysis
5.4 Ecosystem Analysis
5.5 Investment and Funding Scenario
5.6 Pricing Analysis
5.6.1 Average Selling Price Trend of Key Players, by Product
5.6.2 Average Selling Price Trend of Wireless Audio Devices, by Region
5.7 Trends/Disruptions Impacting Customer Business
5.8 Technology Analysis
5.8.1 Key Technologies
5.8.1.1 Bluetooth
5.8.1.2 Wi-Fi
5.8.2 Contemporary Technologies
5.8.2.1 Active Voice Cancellation (Avc)
5.8.2.2 Near Field Communication (Nfc)
5.8.3 Adjacent Technologies
5.8.3.1 Augmented Reality (Ar) and Virtual Reality (Vr)
5.8.3.2 Smart Home Integration
5.9 Porter's Five Forces Analysis
5.9.1 Threat of New Entrants
5.9.2 Threat of Substitutes
5.9.3 Bargaining Power of Suppliers
5.9.4 Bargaining Power of Buyers
5.9.5 Intensity of Competitive Rivalry
5.10 Key Stakeholders and Buying Criteria
5.10.1 Key Stakeholders in Buying Process
5.10.2 Buying Criteria
5.11 Case Study Analysis
5.11.1 Rowkin, Inc. (US) Integrates Bluetooth 5.0 Technology in Its Earbuds for Quick Pairing and Enhanced Audio Quality
5.11.2 Timekettle Technology Introduces AI-Powered Translator Earbuds for Seamless Multilingual Communication
5.11.3 Wiseer Enables Intuitive Music Controls Using Neural Interface Technology
5.12 Trade Analysis
5.12.1 Import Scenario (HS Code 851830)
5.12.2 Export Scenario (HS Code 851830)
5.13 Patent Analysis
5.14 Key Conferences and Events
5.15 Regulatory Landscape
5.15.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.15.2 Standards
5.15.2.1 Iso/Iec 18000-6:2010
5.15.2.2 Iso 14915-1:2002
5.16 Impact of AI/Gen AI on Wireless Audio Device Market
5.16.1 Integration of AI into Wireless Audio Devices: Use Cases
5.16.1.1 Sony Wh-100Xm4
5.16.1.2 Airpods Pro by Apple
5.16.1.3 Noise Cancelling Headphones 700 by Bose
5.16.1.4 the Dash Pro by Bragi
6 Wireless Audio Device Market, by Product
6.1 Introduction
6.2 Headphones
6.2.1 Incorporation of Advanced Noise-Isolating Features to Fuel Demand for Wireless Headphones
6.3 Earphones
6.3.1 Asia-Pacific to be Largest Market for Wireless Audio Device in Earphones Segment
6.4 True Wireless Hearables/Earbuds
6.4.1 Airplay and Bluetooth Technologies to Drive Growth of True Wireless Hearables/Earbuds
6.5 Speakers
6.5.1 Rising Demand for Portable Wireless Audio Solutions to Drive Market
6.6 Soundbars
6.6.1 Demand for Soundbars Growing due to Their Compatibility With Tv Sets, Smartphones, and Music Systems
7 Wireless Audio Device Market, by Technology
7.1 Introduction
7.2 Bluetooth
7.2.1 Offers Good Sound Quality and Lower Latency
7.3 Wi-Fi
7.3.1 Capability to Seamlessly Stream Same Audio Among Multiple Devices to Drive Demand
7.4 Airplay
7.4.1 Integration of Airplay with Apple Devices to Ensure User-Friendly Experience to Support Market Growth
7.5 Radio Frequency
7.5.1 Radio Frequency Technology Critical for Live Performances and Gaming Applications due to Its Lower Latency
7.6 Other Technologies
7.6.1 Wireless Speaker & Audio (Wisa)
7.6.2 Kleernet
7.6.3 Allplay
7.6.4 Skaa
7.6.5 Play-Fi
7.6.6 Infrared (Ir)
8 Wireless Audio Device Market, by Functionality
8.1 Introduction
8.2 Smart Devices
8.2.1 Integration of Voice Assistants into Wireless Home Audio Devices to Drive Market
8.3 Non-Smart Devices
8.3.1 Durability and Affordability Driving Demand for Non-Smart Wireless Audio Devices
9 Wireless Audio Device Market, by Application
9.1 Introduction
9.2 Home Audio
9.2.1 Reduced Floor Space with Compact Designs to Fuel Market Growth
9.3 Professional
9.3.1 Enhanced Remote Work Efficiency with Noise-Cancelling Technology to Drive Market Growth
9.4 Consumer
9.4.1 Increasing Adoption of Bluetooth + Wi-Fi Technology to Drive Market
9.5 Automotive
9.5.1 Incorporation of Fully Wireless Audio Devices and in-Car Infotainment Systems in Luxury Vehicles to Drive Market
9.6 Other Applications
10 Wireless Audio Device Market, by Region
10.1 Introduction
10.2 North America
10.2.1 Macroeconomic Outlook for North America
10.2.2 US
10.2.2.1 Rising Popularity of Online Streaming Services to Drive Demand
10.2.3 Canada
10.2.3.1 Adoption of Innovative Products to Support Market Growth
10.2.4 Mexico
10.2.4.1 Huge Investments in E-Commerce and Retail Channels to Drive Market
10.3 Europe
10.3.1 Macroeconomic Outlook for Europe
10.3.2 UK
10.3.2.1 Growing Popularity of Online Music and Radio Streaming to Fuel Market Growth
10.3.3 Germany
10.3.3.1 Increased Adoption of Soundbars and Wireless Portable Speakers to Drive Demand
10.3.4 France
10.3.4.1 Adoption of Voice Assistants for Smart Home Applications to Contribute to Market Growth
10.3.5 Rest of Europe
10.4 Asia-Pacific
10.4.1 Macroeconomic Outlook for Asia-Pacific
10.4.2 China
10.4.2.1 Strong Manufacturing Sector to Fuel Market Growth
10.4.3 Japan
10.4.3.1 Surging Demand for Consumer Electronics Equipped With Wireless Audio Devices to Boost Market
10.4.4 South Korea
10.4.4.1 Increasing Focus on Developing Wireless Audio Products to Foster Market Growth
10.4.5 India
10.4.5.1 True Wireless Hearables/Earbuds Segment to Register Highest CAGR During Forecast Period
10.4.6 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
10.5.1 Macroeconomic Outlook for RoW
10.5.2 South America
10.5.2.1 Adoption of Emerging Technologies to Support Market Growth
10.5.3 Middle East & Africa
10.5.3.1 Rising Demand for Wireless Headphones and Wireless Speakers to Fuel Market Growth
11 Competitive Landscape
11.1 Overview
11.2 Key Strategies/Right to Win
11.3 Market Share Analysis
11.4 Revenue Analysis
11.5 Company Valuation and Financial Metrics
11.6 Brand/Product Comparison
11.7 Company Evaluation Matrix: Key Players, 2023
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
11.7.5 Company Footprint: Key Players, 2023
11.7.5.1 Company Footprint
11.7.5.2 Product Footprint
11.7.5.3 Application Footprint
11.7.5.4 Region Footprint
11.8 Startups/Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix, 2023
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Blocks
11.8.5 Competitive Benchmarking
11.8.5.1 Detailed List of Key Startups/SMEs
11.8.5.2 Competitive Benchmarking of Key Startups/SMEs
11.9 Competitive Scenario and Trends
11.9.1 Product Launches
11.9.2 Deals
12 Company Profiles
12.1 Key Players
12.1.1 Apple Inc.
12.1.1.1 Business Overview
12.1.1.2 Products/Solutions/Services Offered
12.1.1.3 Recent Developments
12.1.1.3.1 Product Launches/Developments
12.1.1.4 Analyst's View
12.1.1.4.1 Key Strengths
12.1.1.4.2 Strategic Choices
12.1.1.4.3 Weaknesses and Competitive Threats
12.1.2 Harman International (Subsidiary of Samsung Electronics)
12.1.2.1 Business Overview
12.1.2.2 Products/Solutions/Services Offered
12.1.2.3 Recent Developments
12.1.2.3.1 Product Launches/Developments
12.1.2.3.2 Deals
12.1.2.4 Analyst's View
12.1.2.4.1 Key Strengths
12.1.2.4.2 Strategic Choices
12.1.2.4.3 Weaknesses and Competitive Threats
12.1.3 Xiaomi
12.1.3.1 Business Overview
12.1.3.2 Products/Solutions/Services Offered
12.1.3.3 Recent Developments
12.1.3.3.1 Product Launches/Developments
12.1.3.4 Analyst's View
12.1.3.4.1 Key Strengths
12.1.3.4.2 Strategic Choices
12.1.3.4.3 Weaknesses and Competitive Threats
12.1.4 Sony Corporation
12.1.4.1 Business Overview
12.1.4.2 Products/Solutions/Services Offered
12.1.4.3 Recent Developments
12.1.4.3.1 Product Launches/Developments
12.1.4.4 Analyst's View
12.1.4.4.1 Key Strengths
12.1.4.4.2 Strategic Choices
12.1.4.4.3 Weaknesses and Competitive Threats
12.1.5 Imagine Marketing Limited
12.1.5.1 Business Overview
12.1.5.2 Products/Solutions/Services Offered
12.1.5.3 Recent Developments
12.1.5.3.1 Product Launches/Developments
12.1.5.4 Analyst's View
12.1.5.4.1 Key Strengths
12.1.5.4.2 Strategic Choices
12.1.5.4.3 Weaknesses and Competitive Threats
12.1.6 Bose Corporation
12.1.6.1 Business Overview
12.1.6.2 Products/Solutions/Services Offered
12.1.6.3 Recent Developments
12.1.6.3.1 Product Launches/Developments
12.1.6.3.2 Deals
12.1.6.4 Analyst's View
12.1.6.4.1 Key Strengths
12.1.6.4.2 Strategic Choices
12.1.6.4.3 Weaknesses and Competitive Threats
12.1.7 Sonos, Inc.
12.1.7.1 Business Overview
12.1.7.2 Products/Solutions/Services Offered
12.1.7.3 Recent Developments
12.1.7.3.1 Product Launches/Developments
12.1.7.3.2 Deals
12.1.7.4 Analyst's View
12.1.7.4.1 Key Strengths
12.1.7.4.2 Strategic Choices
12.1.7.4.3 Weaknesses and Competitive Threats
12.1.8 Masimo
12.1.8.1 Business Overview
12.1.8.2 Products/Solutions/Services Offered
12.1.8.3 Recent Developments
12.1.8.3.1 Product Launches/Developments
12.1.8.3.2 Deals
12.1.9 Sennheiser Electronic SE & Co. KG
12.1.9.1 Business Overview
12.1.9.2 Products/Solutions/Services Offered
12.1.9.3 Recent Developments
12.1.9.3.1 Product Launches/Developments
12.1.9.3.2 Deals
12.1.10 Vizio, Inc.
12.1.10.1 Business Overview
12.1.10.2 Products/Solutions/Services Offered
12.1.10.3 Recent Developments
12.1.10.3.1 Product Launches/Developments
12.1.10.3.2 Deals
12.1.11 Voxx International Corp.
12.1.11.1 Business Overview
12.1.11.2 Products/Solutions/Services Offered
12.1.11.3 Recent Developments
12.1.11.3.1 Product Launches/Developments
12.1.11.3.2 Deals
12.1.12 Marshall Group Ab
12.1.12.1 Business Overview
12.1.12.2 Products/Solutions/Services Offered
12.1.12.3 Recent Developments
12.1.12.3.1 Product Launches/Developments
12.2 Other Players
12.2.1 Yamaha Corporation
12.2.2 Lg Electronics
12.2.3 Bang & Olufsen
12.2.4 Gn Store Nord a/S
12.2.5 Plantronics, Inc.
12.2.6 Shure
12.2.7 Dali
12.2.8 Jaybird
12.2.9 Anker Innovations
12.2.10 Razer Inc.
12.2.11 Hp Development Company, L.P.
12.2.12 Edifier
12.2.13 Nothing Technology Limited
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: the Subscription Portal
13.4 Customization Options
List of Tables
Table 1 Wireless Audio Device Market: Risk Assessment
Table 2 Global Shipment of True Wireless Hearables/Earbuds/Tws, 2021-2022
Table 3 Wireless Audio Device Market: Role of Companies in Ecosystem
Table 4 Average Selling Price of Wireless Audio Devices Offered by Key Players, 2020-2023 (USD)
Table 5 Average Selling Price of Wireless Audio Devices, 2020-2023 (USD)
Table 6 Wireless Audio Device Market: Porter's Five Forces Analysis
Table 7 Influence of Stakeholders on Buying Process, by Application (%)
Table 8 Key Buying Criteria for Applications
Table 9 List of Major Patents
Table 10 Key Conferences and Events, 2024-2025
Table 11 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 15 Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 16 Wireless Audio Device Market, by Product, 2020-2023 (Million Units)
Table 17 Wireless Audio Device Market, by Product, 2024-2029 (Million Units)
Table 18 Headphones: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 19 Headphones: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 20 Earphones: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 21 Earphones: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 22 True Wireless Hearables/Earbuds: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 23 True Wireless Hearables/Earbuds: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 24 Speakers: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 25 Speakers: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 26 Soundbars: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 27 Soundbars: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 28 Wireless Audio Device Market, by Technology, 2020-2023 (USD Million)
Table 29 Wireless Audio Device Market, by Technology, 2024-2029 (USD Million)
Table 30 Wireless Audio Device Market, by Functionality, 2020-2023 (USD Million)
Table 31 Wireless Audio Device Market, by Functionality, 2024-2029 (USD Million)
Table 32 Smart Devices: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 33 Smart Devices: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 34 Non-Smart Devices: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 35 Non-Smart Devices: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 36 Wireless Audio Device Market, by Application, 2020-2023 (USD Million)
Table 37 Wireless Audio Device Market, by Application, 2024-2029 (USD Million)
Table 38 Home Audio: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 39 Home Audio: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 40 Professional: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 41 Professional: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 42 Consumer: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 43 Consumer: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 44 Automotive: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 45 Automotive: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 46 Other Applications: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 47 Other Applications: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 48 Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 49 Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 50 North America: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 51 North America: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 52 North America: Wireless Audio Device Market, by Application, 2020-2023 (USD Million)
Table 53 North America: Wireless Audio Device Market, by Application, 2024-2029 (USD Million)
Table 54 North America: Wireless Audio Device Market, by Functionality, 2020-2023 (USD Million)
Table 55 North America: Wireless Audio Device Market, by Functionality, 2024-2029 (USD Million)
Table 56 North America: Wireless Audio Device Market, by Country, 2020-2023 (USD Million)
Table 57 North America: Wireless Audio Device Market, by Country, 2024-2029 (USD Million)
Table 58 US: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 59 US: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 60 Canada: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 61 Canada: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 62 Mexico: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 63 Mexico: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 64 Europe: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 65 Europe: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 66 Europe: Wireless Audio Device Market, by Application, 2020-2023 (USD Million)
Table 67 Europe: Wireless Audio Device Market, by Application, 2024-2029 (USD Million)
Table 68 Europe: Wireless Audio Device Market, by Functionality, 2020-2023 (USD Million)
Table 69 Europe: Wireless Audio Device Market, by Functionality, 2024-2029 (USD Million)
Table 70 Europe: Wireless Audio Device Market, by Country, 2020-2023 (USD Million)
Table 71 Europe: Wireless Audio Device Market, by Country, 2024-2029 (USD Million)
Table 72 UK: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 73 UK: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 74 Germany: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 75 Germany: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 76 France: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 77 France: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 78 Rest of Europe: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 79 Rest of Europe: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 80 Asia-Pacific: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 81 Asia-Pacific: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 82 Asia-Pacific: Wireless Audio Device Market, by Application, 2020-2023 (USD Million)
Table 83 Asia-Pacific: Wireless Audio Device Market, by Application, 2024-2029 (USD Million)
Table 84 Asia-Pacific: Wireless Audio Device Market, by Functionality, 2020-2023 (USD Million)
Table 85 Asia-Pacific: Wireless Audio Device Market, by Functionality, 2024-2029 (USD Million)
Table 86 Asia-Pacific: Wireless Audio Device Market, by Country, 2020-2023 (USD Million)
Table 87 Asia-Pacific: Wireless Audio Device Market, by Country, 2024-2029 (USD Million)
Table 88 China: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 89 China: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 90 Japan: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 91 Japan: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 92 South Korea: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 93 South Korea: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 94 India: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 95 India: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 96 Rest of Asia-Pacific: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 97 Rest of Asia-Pacific: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 98 RoW: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 99 RoW: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 100 RoW: Wireless Audio Device Market, by Application, 2020-2023 (USD Million)
Table 101 RoW: Wireless Audio Device Market, by Application, 2024-2029 (USD Million)
Table 102 RoW: Wireless Audio Device Market, by Functionality, 2020-2023 (USD Million)
Table 103 RoW: Wireless Audio Device Market, by Functionality, 2024-2029 (USD Million)
Table 104 RoW: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 105 RoW: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 106 South America: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 107 South America: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 108 Middle East & Africa: Wireless Audio Device Market, by Region, 2020-2023 (USD Million)
Table 109 Middle East & Africa: Wireless Audio Device Market, by Region, 2024-2029 (USD Million)
Table 110 Middle East & Africa: Wireless Audio Device Market, by Product, 2020-2023 (USD Million)
Table 111 Middle East & Africa: Wireless Audio Device Market, by Product, 2024-2029 (USD Million)
Table 112 Wireless Audio Device Market: Overview of Strategies Adopted by Key Players, January 2020-June 2024
Table 113 Wireless Audio Device Market: Degree of Competition, 2023
Table 114 Wireless Audio Device Market: Product Footprint
Table 115 Wireless Audio Device Market: Application Footprint
Table 116 Wireless Audio Device Market: Region Footprint
Table 117 Wireless Audio Device Market: Detailed List of Key Startups/SMEs
Table 118 Wireless Audio Device Market: Competitive Benchmarking of Key Startups/SMEs
Table 119 Wireless Audio Market: Product Launches, January 2020-June 2024
Table 120 Wireless Audio Device Market: Deals, January 2020-June 2024
Table 121 Apple Inc.: Company Overview
Table 122 Apple Inc.: Products/Solutions/Services Offered
Table 123 Apple Inc.: Product Launches/Developments
Table 124 Harman International (Subsidiary of Samsung Electronics): Company Overview
Table 125 Harman International (Subsidiary of Samsung Electronics): Products/Solutions/Services Offered
Table 126 Harman International (Subsidiary of Samsung Electronics): Product Launches/Developments
Table 127 Harman International (Subsidiary of Samsung Electronics): Deals
Table 128 Xiaomi: Company Overview
Table 129 Xiaomi: Products/Solutions/Services Offered
Table 130 Xiaomi: Product Launches/Developments
Table 131 Sony Corporation: Company Overview
Table 132 Sony Corporation: Products/Solutions/Services Offered
Table 133 Sony Corporation: Product Launches/Developments
Table 134 Imagine Marketing Limited: Company Overview
Table 135 Imagine Marketing Limited: Products/Solutions/Services Offered
Table 136 Imagine Marketing Limited: Product Launches/Developments
Table 137 Bose Corporation: Company Overview
Table 138 Bose Corporation: Products/Solutions/Services Offered
Table 139 Bose Corporation: Product Launches/Developments
Table 140 Bose Corporation: Deals
Table 141 Sonos, Inc.: Company Overview
Table 142 Sonos, Inc.: Products/Solutions/Services Offered
Table 143 Sonos, Inc.: Product Launches/Developments
Table 144 Sonos, Inc.: Deals
Table 145 Masimo: Company Overview
Table 146 Masimo: Products/Solutions/Services Offered
Table 147 Masimo: Product Launches/Developments
Table 148 Masimo: Deals
Table 149 Sennheiser Electronic SE & Co. KG: Company Overview
Table 150 Sennheiser Electronic SE & Co. KG: Products/Solutions/Services Offered
Table 151 Sennheiser Electronic SE & Co. KG: Product Launches/Developments
Table 152 Sennheiser Electronic SE & Co. KG: Deals
Table 153 Vizio, Inc.: Company Overview
Table 154 Vizio, Inc.: Products/Solutions/Services Offered
Table 155 Vizio, Inc.: Product Launches/Developments
Table 156 Vizio, Inc.: Deals
Table 157 Voxx International Corp.: Company Overview
Table 158 Voxx International Corp.: Products/Solutions/Services Offered
Table 159 Voxx International Corp.: Product Launches/Developments
Table 160 Voxx International Corp.: Deals
Table 161 Marshall Group Ab: Company Overview
Table 162 Marshall Group Ab: Products/Solutions/Services Offered
Table 163 Marshall Group Ab: Product Launches/Developments
List of Figures
Figure 1 Wireless Audio Device Market Segmentation
Figure 2 Wireless Audio Device Market: Research Design
Figure 3 Primary and Secondary Research
Figure 4 Wireless Audio Device Market Size Estimation Methodology: Top-Down Approach (Supply Side) - Revenues Generated by Companies from Sales of Wireless Audio Device
Figure 5 Market Size Estimation Methodology: Supply-Side Analysis
Figure 6 Market Size Estimation Methodology: Demand-Side Analysis
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation: Wireless Audio Device Market
Figure 10 Wireless Audio Device Market: Global Snapshot
Figure 11 Bluetooth to Account for Largest Market Share During Forecast Period
Figure 12 Smart Segment to Account for Larger Market Share During Forecast Period
Figure 13 True Wireless Hearables/Earbuds Segment to Dominate Market During Forecast Period
Figure 14 Consumer Segment to be Largest Application of Wireless Audio Device During Forecast Period
Figure 15 Asia-Pacific to Dominate Wireless Audio Device Market During Forecast Period
Figure 16 Growing Number of Smartphones and True Wireless Hearables/Earbuds to Drive Market Growth
Figure 17 Consumer Application to Account for Largest Market Share During Forecast Period
Figure 18 Bluetooth Segment to Dominate Market During Forecast Period
Figure 19 True Wireless Hearables/Earbuds Segment to Account for Largest Market Share During Forecast Period
Figure 20 Smart Devices to Account for Larger Market Share During Forecast Period
Figure 21 Consumer to be Largest Application of Wireless Audio Device in Asia-Pacific
Figure 22 Wireless Audio Device Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Impact of Drivers on Wireless Audio Device Market
Figure 24 Impact of Restraints on Wireless Audio Device Market
Figure 25 Impact of Opportunities on Wireless Audio Device Market
Figure 26 Impact of Challenges on Wireless Audio Device Market
Figure 27 Wireless Audio Device Market: Value Chain Analysis
Figure 28 Wireless Audio Device Market: Ecosystem Analysis
Figure 29 Investment and Funding Scenario, 2018-2024
Figure 30 Average Selling Price Trend of Wireless Audio Devices Offered by Key Players
Figure 31 Average Selling Price Trend of True Wireless Hearables/Earbuds, by Region, 2020-2023
Figure 32 Average Selling Price Trend of Headphones, by Region, 2020-2023
Figure 33 Trends and Disruptions Influencing Customer Business
Figure 34 Wireless Audio Device Market: Impact Analysis of Porter's Five Forces
Figure 35 Porter's Five Forces Analysis: Wireless Audio Device Market
Figure 36 Influence of Stakeholders on Buying Process, by Application
Figure 37 Key Buying Criteria for Applications
Figure 38 Import Data for HS Code 851830-Compliant Products, by Country, 2019-2023
Figure 39 Export Data for HS Code 851830-Compliant Products, by Country, 2019-2023
Figure 40 Patents Applied and Granted, 2013-2023
Figure 41 Impact of AI/Gen AI on Wireless Audio Device Market
Figure 42 True Wireless Hearables/Earbuds Segment to Register Highest CAGR During Forecast Period
Figure 43 Bluetooth Segment to Dominate Market During Forecast Period
Figure 44 Smart Devices Segment to Exhibit Higher CAGR in Wireless Audio Device Market During Forecast Period
Figure 45 Consumer Segment to Account for Largest Market Share During Forecast Period
Figure 46 India to Register Highest CAGR in Wireless Audio Device Market During Forecast Period
Figure 47 North America: Wireless Audio Device Market Snapshot
Figure 48 Europe: Wireless Audio Device Market Snapshot
Figure 49 Asia-Pacific: Wireless Audio Device Market Snapshot
Figure 50 Wireless Audio Device Market Share Analysis, 2023
Figure 51 Revenue Analysis of Key Players in Wireless Audio Device Market, 2020-2023
Figure 52 Wireless Audio Device Market: Company Valuation
Figure 53 Wireless Audio Device Market: Financial Metrics (EV/EBITDA)
Figure 54 Wireless Audio Device Market: Brand/Product Comparison
Figure 55 Wireless Audio Device Market: Company Evaluation Matrix (Key Players), 2023
Figure 56 Wireless Audio Device Market: Company Footprint
Figure 57 Wireless Audio Device Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 58 Apple Inc.: Company Snapshot
Figure 59 Harman International (Subsidiary of Samsung Electronics): Company Snapshot
Figure 60 Xiaomi: Company Snapshot
Figure 61 Sony Corporation: Company Snapshot
Figure 62 Sonos, Inc.: Company Snapshot
Figure 63 Masimo: Company Snapshot
Figure 64 Vizio, Inc.: Company Snapshot
Figure 65 Voxx International Corp.: Company Snapshot
Figure 66 Marshall Group Ab: Company Snapshot

Companies Mentioned

  • Apple Inc.
  • Harman International (Subsidiary of Samsung Electronics)
  • Xiaomi
  • Sony Corporation
  • Imagine Marketing Limited
  • Bose Corporation
  • Sonos, Inc.
  • Masimo
  • Sennheiser Electronic SE & Co. KG
  • Vizio, Inc.
  • Voxx International Corp.
  • Marshall Group Ab
  • Yamaha Corporation
  • Lg Electronics
  • Bang & Olufsen
  • Gn Store Nord a/S
  • Plantronics, Inc.
  • Shure
  • Dali
  • Jaybird
  • Anker Innovations
  • Razer Inc.
  • Hp Development Company, L.P.
  • Edifier
  • Nothing Technology Limited

Methodology

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Table Information

Report AttributeDetails
No. of Pages250
PublishedAugust 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 56.5 Billion
Forecasted Market Value ( USD ) by 2029 $ 70.9 Billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Wireless Audio System Market

The Wireless Audio System market is a subset of the Audio Equipment market, which includes products such as speakers, amplifiers, and microphones. Wireless Audio Systems are designed to provide users with a convenient and reliable way to listen to audio without the need for cables or wires. These systems typically use Bluetooth or Wi-Fi technology to transmit audio signals from a source device to a receiver. Wireless Audio Systems are becoming increasingly popular due to their portability and ease of use. They are often used in home entertainment systems, as well as in professional audio applications such as live sound reinforcement and recording. Some of the major companies in the Wireless Audio System market include Bose, Sennheiser, Sony, JBL, and Beats. These companies offer a wide range of products, from consumer-grade speakers to professional-grade audio systems. Other companies in the market include Marshall, Klipsch, and Denon. Show Less Read more

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