Wireless Audio Market Growth Forecast at 23.2% CAGR to 2020

PUNE, India -- The growth of wireless audio market is mainly driven by smartphones, rise in the adoption of portable devices and is expected to reach $54.07 billion by 2022; at a CAGR of 23.2% between 2016 and 2022 with the segment of consumer application is forecast to rise at a highest CAGR during the forecast period.

There is an increasing demand for wireless audio products such as wireless headsets, headphones, speakers, and sound bars because of the growth of the market for smartphones, which are used as a source of entertainment, rise in the adoption of portable devices, high expenditure on R&D for wireless audio technology by OEMs, advancements in technologies, and growing demand for infotainment services.

The growth of the consumer application is majorly driven by the rapid growth of the markets for smartphones, computers, and tablets. Most of the smartphones, tablets, and computers in the market are equipped with inbuilt Bluetooth and Wi-Fi connectivity; thus, it's very convenient for the users of smartphones, tablets, and computers to play music using wireless audio products.

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (34%), Tier 2 (40%) and Tier 3 (26%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (32%), Director Level (28%) and others (40%) from various key organizations operating in the global wireless audio market. The primary interviews were conducted worldwide covering regions such as Americas (40%), Europe (30%), APAC (20%) and RoW (10%).

The various key market players profiled in the report such as Apple Inc. (U.S.), Bose Corporation (U.S.), Sonos, Inc. (U.S.), DEIHoldings Inc. (U.S.), Harman International Industries, Incorporated (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sennheiser Electronic GmbH & Co. KG (Germany), Sony Corporation (Japan), Vizio, Inc. (U.S.) and Voxx International Corporation (U.S.).

From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the wireless audio market; high-growth regions; and market drivers, restraints, and opportunities.

Complete report on global wireless audio market spread across 152 pages, profiling 10 companies and supported with 70 tables and 57 figures is now available at http://www.rnrmarketresearch.com/wireless-audio-market-by-product-soundbar-speaker-headphones-headset-technology-bluetooth-wi-fi-sonos-airplay-application-home-audio-consumer-automotive-commercial-and-geography-global-forecast-to-2022-market-report.html  

Order a copy of Wireless Audio Market by Product (Soundbar, Speaker, Headphones, Headset), Technology (Bluetooth, Wi-Fi, Sonos, AirPlay), Application (Home Audio, Consumer, Automotive, Commercial) and Geography - Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=538701

Ritesh Tiwari
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013
Maharashtra, India.
Tel: +1-888-391-5441
[email protected]

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