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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1574196

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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1574196

Wireless Audio Devices Market - Forecasts from 2024 to 2029

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PAGES: 127 Pages
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The wireless audio devices market is expected to grow at a CAGR of 17.28%, reaching a market size of US$113.226 billion in 2029 from US$51.022 billion in 2024.

The advancement of technology, increasing use of mobile phones, tablets, and other portable devices, and changing customer expectations and lifestyles have compelled industry players to develop new high-tech wireless audio devices that can provide seamless connectivity and enhance user convenience. Consequently, this increased online communication between people, including family members, is fostering growth in the market for wire-free sound gadgets.

Further, streaming services are popular among consumers, which has changed how people listen to audio content. At this moment, wireless earbuds and headphones allow for the choice of high-quality music, depending on personal preferences. For example, Sony Corporation launched WF-C700N as a pair of truly wireless earphones that provide comfort and stability in April 2023. These headphones have noise cancellation that enables users to hear softer sounds while still being conscious about what happens around them. In addition, these particular headphones include Adaptive Sound Control (ASC), which can serve a proper level of sound modification whenever necessary through activity.

Wireless Audio Devices Market Drivers:

  • Rising use of artificial intelligence is anticipated to increase the market demand of wireless audio devices

The newest models use artificial intelligence (AI) to improve the user experience when listening to music. AI-enabled earbuds enable users to filter out sounds that interfere with their audio experience and identify the essential sounds. For example, the Mobi TWS earbuds offer intelligent and thorough noise cancellation by combining AI algorithms with hybrid Active Noise Cancellation (ANC) technology. Three microphones are mixed per earbud by the feedforward microphone found in the next-generation hybrid ANC. This invention used an AI algorithm that could distinguish between more than 6,000 sounds to replace the standard hybrid ANC program. On the other hand, AI-driven adaptation is used by smart audio devices to automatically adjust the transparency or noise cancellation mode settings in response to real-time sound analysis

Wireless Audio Devices Market Geographical Outlook

  • North America is witnessing exponential growth during the forecast period

The increase in the North American market is driven by increasing demand for quality audio among consumers, changing lifestyles, and technological innovations in the area. The North American region has always been the center for technological innovation globally; technological powerhouses such as Microsoft and Apple are found here. It is this region that remains, on the other hand, the first one to uptake all new forms of wireless communication, such as Wi-Fi, Bluetooth, or proprietary codes in terms of sound systems. Due to their high income levels and being more conversant with technology, people here are always looking for a way to connect with their smart homes, enabling them to enjoy entertainment systems effortlessly while remaining comfortable.

Reasons for buying this report:-

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2029
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Wireless Audio Devices market is segmented and analyzed as follows:

By Technology

  • Bluetooth
  • Wi-Fi
  • Airplay
  • Others

By Product

  • Headsets and Microphones
  • Soundbars
  • Speaker System
  • Others

By Application

  • Automotive
  • Consumer
  • Commercial
  • Others

By Geography

  • North America
  • U.S
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • UK
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
Product Code: KSI061610246

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. Market Overview
  • 1.2. Market Definition
  • 1.3. Scope of the Study
  • 1.4. Market Segmentation
  • 1.5. Currency
  • 1.6. Assumptions
  • 1.7. Base and Forecast Years Timeline
  • 1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY

  • 2.1. Research Design
  • 2.2. Research Processes

3. EXECUTIVE SUMMARY

  • 3.1. Key Findings
  • 3.2. CXO Perspective

4. MARKET DYNAMICS

  • 4.1. Market Drivers
  • 4.2. Market Restraints
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers
    • 4.3.2. Bargaining Power of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Competitive Rivalry in the Industry
  • 4.4. Industry Value Chain Analysis
  • 4.5. Analyst View

5. WIRELESS AUDIO DEVICES MARKET BY TECHNOLOGY

  • 5.1. Introduction
  • 5.2. Bluetooth
  • 5.3. Wi-Fi
  • 5.4. Airplay
  • 5.5. Others

6. WIRELESS AUDIO DEVICES MARKET BY PRODUCT

  • 6.1. Introduction
  • 6.2. Headsets and Microphones
  • 6.3. Soundbars
  • 6.4. Speaker System
  • 6.5. Others

7. WIRELESS AUDIO DEVICES MARKET BY APPLICATION

  • 7.1. Introduction
  • 7.2. Automotive
  • 7.3. Consumer
  • 7.4. Commercial
  • 7.5. Others

8. WIRELESS AUDIO DEVICES MARKET BY GEOGRAPHY

  • 8.1. Introduction
  • 8.2. North America
    • 8.2.1. By Technology
    • 8.2.2. By Product
    • 8.2.3. By Application
    • 8.2.4. By Country
      • 8.2.4.1. USA
      • 8.2.4.2. Canada
      • 8.2.4.3. Mexico
  • 8.3. South America
    • 8.3.1. By Technology
    • 8.3.2. By Product
    • 8.3.3. By Application
    • 8.3.4. By Country
      • 8.3.4.1. Brazil
      • 8.3.4.2. Argentina
      • 8.3.4.3. Others
  • 8.4. Europe
    • 8.4.1. By Technology
    • 8.4.2. By Product
    • 8.4.3. By Application
    • 8.4.4. By Country
      • 8.4.4.1. Germany
      • 8.4.4.2. France
      • 8.4.4.3. UK
      • 8.4.4.4. Others
  • 8.5. Middle East and Africa
    • 8.5.1. By Technology
    • 8.5.2. By Product
    • 8.5.3. By Application
    • 8.5.4. By Country
      • 8.5.4.1. Saudi Arabia
      • 8.5.4.2. UAE
      • 8.5.4.3. Others
  • 8.6. Asia Pacific
    • 8.6.1. By Technology
    • 8.6.2. By Product
    • 8.6.3. By Application
    • 8.6.4. By Country
      • 8.6.4.1. China
      • 8.6.4.2. Japan
      • 8.6.4.3. India
      • 8.6.4.4. South Korea
      • 8.6.4.5. Taiwan
      • 8.6.4.6. Thailand
      • 8.6.4.7. Indonesia
      • 8.6.4.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

  • 9.1. Major Players and Strategy Analysis
  • 9.2. Market Share Analysis
  • 9.3. Mergers, Acquisitions, Agreements, and Collaborations
  • 9.4. Competitive Dashboard

10. COMPANY PROFILES

  • 10.1. VOXX International Corp.
  • 10.2. Sony Corporation
  • 10.3. bOAt-Lifestyle
  • 10.4. Samsung Electronics Co. Ltd. (Harman International)
  • 10.5. Bose Corporation
  • 10.6. Sonos, Inc.
  • 10.7. Apple Inc
  • 10.8. Vizio Inc.
  • 10.9. Sennheiser Electronic GmbH & Co. KG
  • 10.10. Plantronics, Inc.
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