Wireless Audio Devices Market Scope
Wireless audio devices function to send and receive various audio signals through wireless technologies, such as Wi-Fi, Bluetooth, and AirPlay. Different type of wireless audio devices are available in the market which includes headphones, microphones, speakers, sound bars, and audio systems, radio tuners, and others. The range of transmission is determined by the type of radios that is being used, and things that can affect the transmission of radio waves. The signal may be transmitted directly from the transmitter to the receiver (as with Bluetooth) or through another device such as router.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wireless Audio Devices market throughout the predicted period.
Bowers & Wilkins (United Kingdom), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan), DEI Holdings Inc. (United States), Voxx International Corporation (United States), Apple Inc. (United States), Bose Corporation (United States), Sennheiser Electronic GmbH & Co. KG (Germany), Vizio, Inc. (United States), Shure Incorporated (United States), Koninklijke Philips N.V. (Netherlands), Sonos, Inc. (United States) and VIZIO, Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Wireless Audio Devices market by Type (Speaker, Headphones, Headsets, Microphones and Others), by Application (Home Audio, Consumer Electronics [Smartphones, Laptops/Computers], Automotive, Commercial and Others) and Region with country level break-up.
On the basis of geography, the market of Wireless Audio Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On Nov 20, 2019 - Sonos, Inc. has announced the acquisition of Snips SAS (“Snips”), an AI voice platform for connected devices that provides private-by-design voice technology. The acquisition will bring a talented group of employees and strategic IP to Sonos to make the voice experience on Sonos even better.
On August 22, 2019 - Bose announced the Bose Portable Home Speaker, an ultra-versatile, compact speaker that combines the convenience of battery power, the simplicity of Bluetooth, and the ease of voice control in a modern new design. The new Portable speaker also delivers improved 360-degree sound, deeper bass than any other portable smart speaker its size, and weighs a mere 2.3 pounds, from room to room, outside and around the home, and when you leave. The Bose Portable Home Speaker is available in Triple Black and Luxe Silver on September 19, 2019.
Market Trend
- Advancements in Wireless Technologies
Market Drivers
- Rising Demand for Smartphones as a Source of Entertainment
- Growing Consumer Preferences for Portable, compact and easy to use Devices
Opportunities
- Increasing Use of Wireless Audio Devices in the Entertainment Sector
- Increasing Demand for On-Demand Music Streaming Services
Restraints
- Compliance Matters in Operating Frequency
- Negative Health Effects on Children and Other User Groups
Key Target Audience
Manufacturers of Wireless Audio Devices, Suppliers of Wireless Audio Devices, Wholesalers, Distributors and Retailers of Wireless Audio Devices, Automotive Industry, Electronic Industry and Governmental Bodies