The Wireless Audio Device Market size was valued at USD 48.2 billion in 2022 and is expected to grow to USD 168.09 billion by 2030 and grow at a CAGR of 16.9 % over the forecast period of 2023-2030.
A system that provides connectivity, practicality, adaptability, and expandability is a wireless audio device. Five different categories of such devices—headphones/headsets, earphones, microphones, speaker systems/soundbars, and others (power amplifiers)—have been taken into account in this market assessment. Wireless technologies including Bluetooth, Wi-Fi, airplay, and others are used by these gadgets (SKAA).
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These devices can be attached to gaming consoles, laptops, desktop computers, and cell phones. Radiofrequency, Bluetooth, infrared, airplay, SKAA, and Wi-Fi are just a few of the wireless platforms that wireless audio systems use to transmit music from audio-enabled devices to wireless output systems. They are used to stream media in real-time from audio-capable devices to output systems. Additionally, these gadgets give customers more connectivity, adaptability, and convenience. They are therefore extensively utilized in the business, consumer, automotive, and defense sectors.
Drivers
The commercial sector is using wireless audio equipment more and more.
For a variety of uses, including conferences, meetings, sporting events, news broadcasts, and auctions, among others, wireless audio devices are frequently utilized in the business sectors of media & entertainment, education, and corporate. Wireless items including wireless speaker systems, headphones, and microphones are abundant on the market. This has a big impact on how the market for wireless audio devices is developing.
Restrains
Radiofrequency (RF) Spectrum Restrictions to Slow Market Growth
Wireless electromagnetic signals used for communication are known as radio frequencies (RF). 3 kHz to 300 GHz are possible frequency ranges. The radio frequency devices in electrical and electronic items that can release radio frequency energy through conduction, radiation, or other ways are governed by the Federal Communications Commission (FCC). These goods have the potential to interfere with radio services operating in the 9 kHz to 3 GHz frequency range. Manufacturers must abide by the FCC's equipment authorization regulations in order to maintain their companies. Due to their simplicity and adaptable usefulness, these gadgets are being used in healthcare quickly.
Opportunities
Growing research and development efforts by prominent players.
Increasing the demand of people towards wireless communication devices.
Challenges
Difficulties with health and wireless audio devices
High cost of manufacturing wireless audio devices.
Issues in providing standard-quality audio.
Due to the pandemic, industries are switching to digital solutions to expand market opportunities.
The COVID-19 epidemic has complicated and disrupted many aspects of global commercial operations. Businesses thrived on maintaining their operations and revenues at whatever costs. Manufacturers and suppliers had more reason for fear due to the lower demand for consumer gadgets as a result of lockdown procedures.
Lockdown measures caused movie theatres to close, makers and distributors of motion pictures found it difficult to release fresh material, and the suspension of live musical performances slowed the market's rate of expansion.
Impact of Russia Ukraine War
The conflict between Russia and Ukraine has had a significant impact on various industries, including the wireless audio device market. The instability in the region has caused disruptions in the supply chain, leading to delays in the production and distribution of these devices. Furthermore, the economic sanctions imposed on Russia by the international community have resulted in a decrease in demand for wireless audio devices in the Russian market. This has had a ripple effect on manufacturers and suppliers, who have had to adjust their production and distribution strategies to compensate for the loss of revenue. Despite these challenges, some companies have managed to adapt and even thrive in this difficult environment. By diversifying their supply chains and exploring new markets, they have been able to maintain their position in the wireless audio device market. In conclusion, the Russia-Ukraine war has had a significant impact on the wireless audio device industry. However, with resilience and adaptability, companies can overcome these challenges and continue to provide high-quality products to consumers around the world.
Impact of the ongoing recession
The global economic recession has had a significant impact on the wireless audio device industry. As consumers tighten their belts and cut back on discretionary spending, sales of these devices have been affected. However, the impact has not been uniform across all segments of the market. One of the most significant effects of the recession has been a shift in consumer preferences toward lower-priced products. This has led to increased competition among manufacturers, with many companies introducing new, more affordable models to capture market share. As a result, the market for wireless audio devices has become more crowded, making it more challenging for companies to differentiate themselves and maintain profitability. Another impact of the recession has been a slowdown in innovation. With less money available for research and development, companies have been forced to focus on improving existing products rather than developing new ones. This has led to a lack of new features and technologies, which could limit the growth of the industry in the long term.
by Device
Earphones
Headphones & Headsets
Speaker Systems & Soundbars
Microphones
Others
by Functionality
Smart Devices
Non-smart Devices
by Technology
Bluetooth
Wi-Fi
Bluetooth+Wi-Fi
Airplay
Others
by Application
Home Audio
Commercial
Consumer
Automotive
Others
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The market in North America is expanding as a result of consumers in this region's increasing use of wireless audio streaming devices such as headphones, earbuds, and smart speakers. The world's largest music market and home to many musicians in North America. The value of the recorded music market in the United States, according to the International Federation of the Phonographic Industry (IFPI), is one-third of the market worldwide. The market participants in the US are mostly concentrating on creating technologically sophisticated wireless microphones.
In Asia Pacific, the forecast period is anticipated to have the greatest CAGR. Market participants in the area are concentrating on growing their geographic reach by providing cutting-edge wireless audio equipment to customers in developing countries.
The market's major companies are concentrating on spending money on R&D projects to provide technologically sophisticated and reasonably priced products for the area.
In the regional analysis study of the regions of North America, Europe, Asia Pacific middle east, and Africa.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players in the market are Samsung Electronics Co., Ltd., Apple Inc., Logitech International., Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sonos, Inc., Sony Group Corporation, Shure Incorporated, Zound Industries International AB, Bose Corporation, Koninklijke Philips N.V., Voxx International Corporation, Vizio Holdings Inc. and others in the final report.
Sony Group Corporation-Company Financial Analysis
Recent Developments:
In May 2022, Zound Industries International A.B. released the Willen and Emberton II Bluetooth speakers. The Marshall brand of the audio collection now includes it. More than 15 hours of listening time are provided by these dust- and water-resistant speakers on a single charge. In Stack Mode, Marshall Willen and Emberton II speakers can be connected.
In April 2022, Sonos, Inc. bought Dutch-based Mayht Holding BV, a manufacturer of audio transducers. The advancement in transducer technology made by Mayht allowed Sonos Inc. to diversify its line of wireless audio products.
| Report Attributes | Details |
| Market Size in 2022 | US$ 48.2 Bn |
| Market Size by 2030 | US$ 168.09 Bn |
| CAGR | CAGR of 16.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Functionality (Smart Devices, Non-smart Devices) • By Technology (Bluetooth, Wi-Fi, Bluetooth + Wi-Fi, Airplay, Others) • By Application (Home Audio, Commercial, Consumer, Automotive, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Samsung Electronics Co., Ltd., Apple Inc., Logitech International., Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sonos, Inc., Sony Group Corporation, Shure Incorporated, Zound Industries International AB, Bose Corporation, Koninklijke Philips N.V., Voxx International Corporation, Vizio Holdings Inc. |
| Key Drivers | • The commercial sector is using wireless audio equipment more and more. |
| Market Opportunities | • Growing research and development efforts by prominent players. • Increasing the demand of people towards wireless communication devices. |
Ans: The Wireless Audio Device Market size was valued at USD 48.2 BN in 2022.
Ans: The Wireless Audio Device Market isto grow at a CAGR of 16.9% over the forecast period 2023-2030.
The major worldwide key players in the Wireless Audio Device Market are Samsung Electronics Co., Ltd., Apple Inc., Logitech International., Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sonos, Inc., Sony Group Corporation, Shure Incorporated, Zound Industries International AB.
The forecast period for the Wireless Audio Device Market is 2022-2030.
Ans: The commercial sector is using wireless audio equipment more and more.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Russia-Ukraine War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Wireless Audio Device Market Segmentation, by Device
8.1 Earphones
8.2 Headphones & Headsets
8.3 Speaker Systems & Soundbars
8.4 Microphones
8.5 Others
9. Wireless Audio Device Market Segmentation, by Functionality
9.1 Smart Devices
9.2 Non-smart Devices
10. Wireless Audio Device Market Segmentation, by Technology
10.1 Bluetooth
10.2 Wi-Fi
10.3 Bluetooth+Wi-Fi
10.4 Airplay
10.5 Others
11. Wireless Audio Device Market Segmentation, by Application
11.1 Home Audio
11.2 Commercial
11.3 Consumer
11.4 Automotive
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Wireless Audio Device Market by Country
12.2.2 North America Wireless Audio Device Market by Device
12.2.3 North America Wireless Audio Device Market by Functionality
12.2.4 North America Wireless Audio Device Market by Technology
12.2.5 North America Wireless Audio Device Market by Application
12.2.6 USA
12.2.6.1 USA Wireless Audio Device Market by Device
12.2.6.2 USA Wireless Audio Device Market by Functionality
12.2.6.3 USA Wireless Audio Device Market by Technology
12.2.6.4 USA Wireless Audio Device Market by Application
12.2.7 Canada
12.2.7.1 Canada Wireless Audio Device Market by Device
12.2.7.2 Canada Wireless Audio Device Market by Functionality
12.2.7.3 Canada Wireless Audio Device Market by Technology
12.2.7.4 Canada Wireless Audio Device Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Wireless Audio Device Market by Device
12.2.8.2 Mexico Wireless Audio Device Market by Functionality
12.2.8.3 Mexico Wireless Audio Device Market by Technology
12.2.8.4 Mexico Wireless Audio Device Market by Application
12.3 Europe
12.3.1 Europe Wireless Audio Device Market by Country
12.3.2 Europe Wireless Audio Device Market by Device
12.3.3 Europe Wireless Audio Device Market by Functionality
12.3.4 Europe Wireless Audio Device Market by Technology
12.3.5 Europe Wireless Audio Device Market by Application
12.3.6 Germany
12.3.6.1 Germany Wireless Audio Device Market by Device
12.3.6.2 Germany Wireless Audio Device Market by Functionality
12.3.6.3 Germany Wireless Audio Device Market by Technology
12.3.6.4 Germany Wireless Audio Device Market by Application
12.3.7 UK
12.3.7.1 UK Wireless Audio Device Market by Device
12.3.7.2 UK Wireless Audio Device Market by Functionality
12.3.7.3 UK Wireless Audio Device Market by Technology
12.3.7.4 UK Wireless Audio Device Market by Application
12.3.8 France
12.3.8.1 France Wireless Audio Device Market by Device
12.3.8.2 France Wireless Audio Device Market by Functionality
12.3.8.3 France Wireless Audio Device Market by Technology
12.3.8.4 France Wireless Audio Device Market by Application
12.3.9 Italy
12.3.9.1 Italy Wireless Audio Device Market by Device
12.3.9.2 Italy Wireless Audio Device Market by Functionality
12.3.9.3 Italy Wireless Audio Device Market by Technology
12.3.9.4 Italy Wireless Audio Device Market by Application
12.3.10 Spain
12.3.10.1 Spain Wireless Audio Device Market by Device
12.3.10.2 Spain Wireless Audio Device Market by Functionality
12.3.10.3 Spain Wireless Audio Device Market by Technology
12.3.10.4 Spain Wireless Audio Device Market by Application
12.3.11 The Netherlands
12.3.11.1 Netherlands Wireless Audio Device Market by Device
12.3.11.2 Netherlands Wireless Audio Device Market by Functionality
12.3.11.3 Netherlands Wireless Audio Device Market by Technology
12.3.11.4 Netherlands Wireless Audio Device Market by Application
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Wireless Audio Device Market by Device
12.3.12.2 Rest of Europe Wireless Audio Device Market by Functionality
12.3.12.3 Rest of Europe Wireless Audio Device Market by Technology
12.3.12.4 Rest of Europe Wireless Audio Device Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Wireless Audio Device Market by Country
12.4.2 Asia Pacific Wireless Audio Device Market by Device
12.4.3 Asia Pacific Wireless Audio Device Market by Functionality
12.4.4Asia Pacific Wireless Audio Device Market by Technology
12.4.5Asia Pacific Wireless Audio Device Market by Application
12.4.6 Japan
12.4.6.1 Japan Wireless Audio Device Market by Device
12.4.6.2 Japan Wireless Audio Device Market by Functionality
12.4.6.3 Japan Wireless Audio Device Market by Technology
12.4.6.4 Japan Wireless Audio Device Market by Application
12.4.7 South Korea
12.4.7.1 South Korea Wireless Audio Device Market by Device
12.4.7.2 South Korea Wireless Audio Device Market by Functionality
12.4.7.3 South Korea Wireless Audio Device Market by Technology
12.4.7.4 South Korea Wireless Audio Device Market by Application
12.4.8 China
12.4.8.1 China Wireless Audio Device Market by Device
12.4.8.2 China Wireless Audio Device Market by Functionality
12.4.8.3 China Wireless Audio Device Market by Technology
12.4.8.4 China Wireless Audio Device Market by Application
12.4.9 India
12.4.9.1 India Wireless Audio Device Market by Device
12.4.9.2 India Wireless Audio Device Market by Functionality
12.4.9.3 India Wireless Audio Device Market by Technology
12.4.9.4 India Wireless Audio Device Market by Application
12.4.11 Australia
12.4.10.1 Australia Wireless Audio Device Market by Device
12.4.10.2 Australia Wireless Audio Device Market by Functionality
12.4.10.3 Australia Wireless Audio Device Market by Technology
12.4.10.4 Australia Wireless Audio Device Market by Application
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Wireless Audio Device Market by Device
12.4.11.2 APAC Wireless Audio Device Market by Functionality
12.4.11.3 APAC Wireless Audio Device Market by Technology
12.4.11.4 APAC Wireless Audio Device Market by Application
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Wireless Audio Device Market by Country
12.5.2 The Middle East & Africa Wireless Audio Device Market by Device
12.5.3 The Middle East & Africa Wireless Audio Device Market by Functionality
12.5.4The Middle East & Africa Wireless Audio Device Market by Technology
12.5.5 The Middle East & Africa Wireless Audio Device Market by Application
12.5.6 Israel
12.5.6.1 Israel Wireless Audio Device Market by Device
12.5.6.2 Israel Wireless Audio Device Market by Functionality
12.5.6.3 Israel Wireless Audio Device Market by Technology
12.5.6.4 Israel Wireless Audio Device Market by Application
12.5.7 UAE
12.5.7.1 UAE Wireless Audio Device Market by Device
12.5.7.2 UAE Wireless Audio Device Market by Functionality
12.5.7.3 UAE Wireless Audio Device Market by Technology
12.5.7.4 UAE Wireless Audio Device Market by Application
12.5.8South Africa
12.5.8.1 South Africa Wireless Audio Device Market by Device
12.5.8.2 South Africa Wireless Audio Device Market by Functionality
12.5.8.3 South Africa Wireless Audio Device Market by Technology
12.5.8.4 South Africa Wireless Audio Device Market by Application
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Wireless Audio Device Market by Device
12.5.9.2 Rest of Middle East & Asia Wireless Audio Device Market by Functionality
12.5.9.3 Rest of Middle East & Asia Wireless Audio Device Market by Technology
12.5.9.4 Rest of Middle East & Asia Wireless Audio Device Market by Application
12.6 Latin America
12.6.1 Latin America Wireless Audio Device Market by Country
12.6.2 Latin America Wireless Audio Device Market by Device
12.6.3 Latin America Wireless Audio Device Market by Functionality
12.6.4 Latin America Wireless Audio Device Market by Technology
12.6.5 Latin America Wireless Audio Device Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Wireless Audio Device Market by Device
12.6.6.2 Brazil Africa Wireless Audio Device Market by Functionality
12.6.6.3 Brazil Wireless Audio Device Market by Technology
12.6.6.4 Brazil Wireless Audio Device Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Wireless Audio Device Market by Device
12.6.7.2 Argentina Wireless Audio Device Market by Functionality
12.6.7.3 Argentina Wireless Audio Device Market by Technology
12.6.7.4 Argentina Wireless Audio Device Market by Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Wireless Audio Device Market by Device
12.6.8.2 Rest of Latin America Wireless Audio Device Market by Functionality
12.6.8.3 Rest of Latin America Wireless Audio Device Market by Technology
12.6.8.4Rest of Latin America Wireless Audio Device Market by Application
13. Company Profile
13.1 Samsung Electronics Co., Ltd.
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Apple Inc.
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Logitech International.
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Panasonic Corporation.
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Sennheiser Electronic GmbH & Co. KG.
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Sonos, Inc.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Sony Group Corporation.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Shure Incorporated.
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 International AB.
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Vizio Holdings Inc.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. USE Cases and Best Practices
16. Conclusion
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