Wireless Audio Market Scope
Wireless Audio is provision to listen audio sound with the help of the earphones, headset or speakers which are wirelessly connected to the devices like smart phone, laptop, TV sets and this devices provides audio data with the help of the RF waves. Rapid Technological innovations has made this product very user friendly and visually less intrusive. Now-a-days TV sets available in the market comes without in-built speakers, hence audio speakers are gaining attraction even in this sector. Suppliers and manufacturers of the equipment are increasingly focusing on expanding various other benefits to make their product more unique then the competitors and to survive for the large time in such a competitive market. Currently headsets are equipped with the latest version of Bluetooth smart chip to improve its range and quality.
According to AMA, the Global Wireless Audio market is expected to see growth rate of 8.56% and may see market size of USD37.96 Billion by 2026.
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Wireless Audio market throughout the predicted period.
Apple (United States), LG (South Korea), Bose (United States), SAMSUNG (United States), Logitech?Jaybird? (United States), Plantronics (United States), Urbanista Boston (United States), Sony (Japan), Shure (United States), VOXX (United States) and Philips (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sennheiser (Germany), Sonos (United States), Vizio (United States) and Jabra (Denmark).
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 market by Type (Sound Bar and Wireless Speakers, Wireless Headphones& Earphones and Wireless Microphone), by Application (Consumer and Home, Commercial, Automotive and Others) and Region with country level break-up.
On the basis of geography, the market of Wireless Audio 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 Trend
- Headsets are equipped with the latest version of Bluetooth smart chip Advancements in Wireless Technologies to deliver High-Quality Audio
Market Drivers
- Continuous increasing market for Smartphones
- Growing Consumer Preferences for Portable, compact and easy to use Devices
Opportunities
- Increasing applicability in Hospitality and Leisure Sector
- On-Demand Music Streaming Services are growing rapidly
Restraints
- Congestion in Frequency channel due to increasing traffic
- Medium used for data transmission i.e. RF waves are harmful
Key Target Audience
Products manufacturers, Raw material suppliers, Technology, equipment, and solution providers, Private utility players, Government and research organizations and End users (electronic industry, IT industry, automotive industry)