Market Analysis
Market Research Future (MRFR) presumes the global Wireless
Audio Market to reach USD 70 billion at a CAGR of 17% from 2016-2027 (forecast
period).
Wireless audio devices are widely utilized in commercial
sectors such as media and entertainment, education, and business for a variety
of applications such as conferences, meetings, sports events, news
broadcasting, and auctions. Wireless devices such as speaker systems, wireless
microphones, and headphones are widely used in the market. This is a crucial
factor driving the growth of the Wireless
Audio Device Market.
Consumer demand for mobility services has increased over the
years due to the need for efficient connectivity and easy access to information
and resources. Individuals are becoming more aware of mobility solutions such
as cloud services, the BYOD trend, mobile devices, wireless services, and
others. The use of wireless audio devices has increased due to advanced
characteristics such as portability, ease of management, and remote access for
audio communication. Wireless audio devices enhance the consumer experience by
providing simple and quick audio transmission, wireless operation, and the
convenience of installation. As a result, rising consumer demand for mobile
services is likely to enhance the market for wireless audio devices.
Key Players
Sony Corporation (Japan), Koninklijke Philips N.V.
(Netherlands), LG Electronics (South Korea), Sonos Inc.
(U.S.), Bose Corporation (U.S.), Vizio Holdings Inc. (U.S.), Sennheiser
Electronic Gmbh & Company Kg (Germany), Apple Inc. (U.S.), Voxx
International Corporation (U.S.), Samsung Electronics Co. Ltd
(South Korea).
Get Sample of Report
@ https://www.marketresearchfuture.com/sample_request/802
COVID-19 Impact on the Worldwide Wireless Audio
Device Market
Wireless audio systems utilize wireless platforms that include
Bluetooth, radio frequency, infrared, airplay, SKAA, and Wi-Fi for streaming
music from audio enabled devices to wireless output systems. The global spread
of COVID-19 has resulted in lockdowns that have caused people to remain at
home. The growing number of people who choose to stay at home has increased the
use of audio devices for entertainment. Individuals' confinement to their
houses has proven to be responsible for boosting demand for video streaming platforms
like Amazon Prime, Netflix, and Hotstar. During the lockdown, the increasing
trend of live video streaming and video content consumption over the internet
has increased the demand for audio devices. Furthermore, the need for audio
products has grown as a result of remote working, remote learning, and home
workouts.
The COVID-19 pandemic, on the other hand, has had a
significant impact on the market for wireless audio devices. The global
proliferation of COVID-19 has had a significant impact on the consumer
electronics business. Precautionary measures implemented by governments
throughout the world have resulted in a temporary halt in business and the
production of consumer electronics such as smartphones and tablets. The global
lockdown has affected sales of technologically advanced smartphones, as well as
demand for wireless audio products like as wireless headsets and headphones.
Product sales were also impacted by decreased manufacture of wireless audio
devices. As China is a hub for raw materials and finished goods used in the
manufacture of electronic products, the market has also been impacted by
disrupted supply chains and halted exports.
Market Segmentation
The global wireless audio device industry has been divided
into products, technology, and end-user.
By product, the worldwide Audio Devices Market has been
segmented into wireless speaker systems, wireless headsets, soundbars, and wireless
microphones, among others.
By technology, the worldwide wireless audio market has been
segmented into Bluetooth, Wi-Fi, Airplay, and others.
By end-user, the worldwide wireless audio device market has
been segmented into commercial, electronics, telecommunication, automotive,
security & defense, and others.
Get complete Report @
https://www.marketresearchfuture.com/reports/wireless-audio-devices-market-802
Regional Analysis
Region-wise, the worldwide wireless audio device
market has been segmented into North America, Europe, Asia Pacific, and the
rest of the world.
The global wireless audio devices market is dominated by North
America, followed by the Asia Pacific and Europe. The availability of low-cost
consumer devices, as well as the growing popularity of smartphones, are driving
the expansion of the North American market for wireless audio devices. The
North American market for wireless audio devices is led by the United States,
which is expected to grow by more than 16% between 2015 and 2027.
About
Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various
industries through our Cooked Research Report (CRR), Half-Cooked Research
Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and
Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
No comments:
Post a Comment