Wireless Audio Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Wireless Audio Device Trends and Forecast

The future of the global wireless audio device market looks promising with opportunities in the residential/individual, commercial, and automotive markets. The global wireless audio device market is expected to reach an estimated $106.4 billion by 2030 with a CAGR of 15.2% from 2024 to 2030. The major drivers for this market are increasing consumer interest in a variety of entertainment and information systems, as well as, extensive adoption of bluetooth 5.0 technology and seamless Wi-Fi connectivity with a wide array of smart devices, enhancing overall sound quality.

A more than 150-page report is developed to help in your business decisions.

Wireless Audio Device by Segment

The study includes a forecast for the global wireless audio device by functionality, product, technology, application, and region.

Wireless Audio Device Market by Functionality [Shipment Analysis by Value from 2018 to 2030]:

• Smart Devices
• Non-smart Devices

Wireless Audio Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Earphones
• Headphones
• True Wireless Hearables/Earbuds
• Speaker Systems
• Soundbars
• Headsets
• Microphones

Wireless Audio Device Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Bluetooth
• Wi-Fi
• Bluetooth+Wi-Fi
• Airplay
• Others

Wireless Audio Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential/Individual
• Commercial
• Automotive
• Others
• Others

Wireless Audio Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• The Rest of the World

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wireless audio device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wireless audio device companies profiled in this report include-

• Apple
• Samsung Electronics
• Logitech International
• Sennheiser Electronic
• Sony
• Zound Industries
• Sonos
• Panasonic

Wireless Audio Device Market Insights

Lucintel forecasts that bluetooth is expected to witness highest growth over the forecast period due to manufacturers are taking steps to improve the performance of wireless audio devices with bluetooth technology, which is widely used in consumer electronics.

Within this market, residential/individual will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Wireless Audio Device Market

Market Size Estimates: Wireless audio device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wireless audio device market by various segments, such as by functionality, product, technology, application and region in terms of ($B).

Regional Analysis: Wireless audio device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different , functionality, product, technology, application, and regions for the wireless audio device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wireless audio device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the wireless audio device market size?

Answer: The global wireless audio device market is expected to reach an estimated $106.4 billion by 2030.

Q.2 What is the growth forecast for wireless audio device market?

Answer: The global wireless audio device market is expected to grow with a CAGR of 15.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the wireless audio device market?

Answer: The major drivers for this market are increasing consumer interest in a variety of entertainment and information systems, as well as, extensive adoption of bluetooth 5.0 technology and seamless Wi-Fi connectivity with a wide array of smart devices, enhancing overall sound quality.

Q4. What are the major segments for wireless audio device market?

Answer: The future of the global wireless audio device market looks promising with opportunities in the residential/individual, commercial, and automotive markets.

Q5. Who are the key Wireless Audio Device Market companies?

Answer: Some of the key wireless audio device companies are as follows:

• Apple
• Samsung Electronics
• Logitech International
• Sennheiser Electronic
• Sony
• Zound Industries
• Sonos
• Panasonic

Q6. Which wireless audio device market segment will be the largest in future?

Answer: Lucintel forecasts that bluetooth is expected to witness highest growth over the forecast period due to manufacturers are taking steps to improve the performance of wireless audio devices with bluetooth technology, which is widely used in consumer electronics.

Q7. In wireless audio device market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the wireless audio device market by functionality (smart devices, and non-smart devices), product (earphones, headphones, true wireless hearables/earbuds, speaker systems, soundbars, headsets, and microphones), technology (bluetooth, wi-fi, bluetooth+wi-fi, airplay, and others), application (residential/individual, commercial, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?