The Global Wireless Audio Market is Expected to Grow at a CAGR of 18% by 2026

According to a new market report published by Lucintel, the future of the wireless audio market looks promising with opportunities in the home audio, commercial, consumer, automotive, and other industries. The global wireless audio market is expected to grow with a CAGR of 18% from 2021 to 2026. The major drivers for this market are increasing R&D expenditure by OEMs for the development of new and advanced wireless audio devices, growth in the infotainment device market, and increasing consumer preference for wireless audio devices in the commercial and residential sectors.

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In this market, bluetooth, Wi-Fi, bluetooth+Wi-Fi, airplay, and radio frequency based wireless audio products are used in a wide range of industries. Bluetooth+Wi-Fi functionality based wireless devices are expected to witness the highest growth over the forecast period due to growing consumer demand for cost-effective and compact wireless audio devices.

Within the wireless audio market, consumers will remain the largest end use segment during the forecast period due to increasing demand for smartphones. Smartphones enabled with bluetooth+WiFi are among the most used technologies by common users.

Asia Pacific will remain the largest region during the forecast period due to increasing consumer demand and rising number of smartphone users. 

Apple Inc., HARMAN International Industries Inc., Bose Corporation, Sonos Inc., Sony Corporation, DEI Holdings, Inc., Sennheiser Electronic GmbH & Co. KG, VIZIO, Inc., VOXX International Corporation, and Plantronics Inc. are among the major wireless audio manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global wireless audio market by product, technology, functionality, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Wireless Audio Market 2021-2026: Market Size, Trends and Growth Analysis”.  This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global wireless audio market by product, technology, functionality, application, and region as follows:

By Product Type [$M shipment analysis for 2015–2026]:

Headphones

Headsets

Speaker Systems

Soundbars

Microphones

Others

 

By Technology [$M shipment analysis for 2015–2026]:

Smart Devices

Non-Smart Devices

 

By Functionality [$M shipment analysis for 2015–2026]:

Bluetooth

Wi-Fi

Bluetooth+Wi-Fi

AirPlay

Radio Frequency

Others

 

By Application [$M shipment analysis for 2015–2026]:

Home Audio

Commercial

Consumer

Automotive

Others

 

By Region [$M shipment analysis for 2015–2026]:

North America

United States

Canada

Mexico

 

Europe

Germany

United Kingdom

France

Italy

 

Asia Pacific

China

Japan

India

South Korea

 

The Rest of the World

 

This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.