Wireless audio refers to the technology and systems used to transmit and receive audio signals without the need for physical cables or wires. It allows for the transmission of sound from a source, such as a smartphone, computer, or audio player, to wireless speakers, headphones, or other audio devices. The market for wireless audio devices was valued at USD 93.94 billion in 2022, and from 2023 to 2030, it is projected to expand at a CAGR of 14.9%.
The wireless audio market refers to the industry and marketplace that involves the production, sale, and distribution of products and technologies related to wireless audio systems and devices. This market encompasses a wide range of products designed to transmit and receive audio signals without the need for physical cables. These products include wireless speakers, headphones, earbuds, soundbars, home audio systems, and various other audio accessories.
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Overview of the segment
Market segments for wireless audio devices are created based on the product type, technology, application, and geography. The product type sector consists of radio tuners, power amplifiers, A/V controllers, wireless speaker systems, sound bars, and wireless headsets & microphones. The market is divided based on technology into Bluetooth, Wi-Fi, AirPlay, and additional categories, including SKAA and Sonos. Commercial, consumer, automotive, and other application categories, including defense and security, are included in the application segment. According to region, which covers North America, Europe, Asia-Pacific, and LAMEA, the market for wireless audio devices is examined.
Key Market Players
- SAMSUNG
- Sennheiser electronic GmbH& Co. KG
- Sony Corporation
- Xiaomi
- Panasonic Corporation
- Imagine Marketing Limited (Boat)
- Plantronics, Inc.
- Apple Inc.
- Bose Corporation
- HARMAN International
Outlook & Recent Development
The Philips TAS2505B Portable Bluetooth wireless speaker was unveiled in India in November 2022 by TPV Technology. Multi-color LEDs and an IPX7 rating are features of the portable Bluetooth speaker. Its advertised wireless range is 20 meters. The maker claims that a single charge can last up to 10 hours of amusement, and that 2.5 hours will be needed for full control. Using the built-in microphone, you can answer calls; the music will stop when you do.
The wireless audio market has experienced substantial growth in recent years, driven by factors such as consumer demand for convenience, advancements in wireless technologies, and the proliferation of mobile devices. Manufacturers continually develop and innovate wireless audio products to meet the evolving needs and preferences of consumers. This market is highly competitive, with numerous companies vying for market share, ranging from well-established electronics giants to startups focusing on niche wireless audio solutions.
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