Wireless Audio Market share | size, industry analysis and market forecast to 2023 - PowerPoint PPT Presentation

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Wireless Audio Market share | size, industry analysis and market forecast to 2023

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Wireless Audio Device Market share, size, Research Report, identifies new revenue opportunity in Wireless Audio Device system. The report aims at estimating the market size and future growth of the Wireless Audio Device industry based on offering, process, application, vertical, and region. – PowerPoint PPT presentation

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Title: Wireless Audio Market share | size, industry analysis and market forecast to 2023


1
MarketsandMarkets Presents
Wireless Audio Market share size, industry
analysis and market forecast to 2023 The overall
wireless audio market was valued at USD 16.13
billion in 2016 and is expected to reach USD
31.80 billion by 2023, at a CAGR of 10.06
between 2017 and 2023. The major factors driving
the growth of the wireless audio market include
increasing demand for smartphones as a source of
entertainment, consumer preferences for portable
devices, and advancements in wireless
technologies.
2
The competition in the wireless audio market
is high because of the presence of a large number
of players. Some of the key players in the
wireless audio market are Apple Inc. (US),
Samsung Electronics Co., Ltd. (South Korea), Sony
Corporation (Japan), Bose Corporation (US),
Sonos. Inc. (US), DEI Holdings, Inc. (US), Harman
International Industries, Incorporated (US),
Sennheiser electronic GmbH Co. KG (Germany),
VIZIO, Inc.(US), and Voxx International
Corporation (US). Bose Corporation designs,
develops, and markets sound systems. The
company was founded in 1964 and is based in
Massachusetts, US. The company offers its
products and services through retail stores,
authorized dealers, audio integrators, and
consultants in the US. In the wireless audio
market, the company develops sound solutions
designed for numerous applications in space
programs, home audio systems, stadiums,
auditoriums, department stores, restaurants, and
the automotive sector, among others. It provides
automotive sound systems to a wide range of
vehicle manufacturers, including Audi, Cadillac,
Chevrolet, Fiat, and Porsche.
3
With a constant focus on RD in software and
services, Sonos is improving its customers music
experience. The company provides wireless audio
systems, speakers, soundbars, home theaters, and
audio streaming systems. It focuses on developing
innovative products to stay ahead in the
competition. For instance, in March 2017, company
launched PLAYBASE, a wireless home sound system
and the newest speaker in the companys home
theater line-up. PLAYBASE is a thin, powerful
speaker, which can directly fit under the TV.
The latest headsets, available in the market,
are equipped with the latest version of Bluetooth
smart chip. This chip helps in reducing the power
consumption when listening to music and improving
the range and quality of the sound. Also, the
latest smartphones support near field
communication (NFC) connectivity, which enables
pairing of devices with a single tap. With
further developments in the wireless technology,
vendors would enhance their products with better
connectivity and battery life this is likely to
drive the growth of the market for headsets.
Moreover, wireless headsets and microphones keep
the users hands free owing to which, the user
can perform other tasks.
4
The wireless audio market in the Americas is
likely to be driven by the increase in sale and
installation of home entertainment devices. The
growing population of music listeners, increasing
digital music sales, and popularity of the audio
video entertainment segment are expected to
influence the regional market positively over the
next decade. The US is at the forefront of
installing and buying the upcoming technologies
such as wireless speakers and home entertainment
systems. Contact MarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 sales_at_marketsandmarkets.com
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