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Wireless Audio Device Market Analysis

  • Report ID: GMI7834
  • Published Date: Jan 2024
  • Report Format: PDF

Wireless Audio Device Market Analysis

Based on application, the market is segmented into residential/individual, commercial, automotive, government, and others. The automotive segment is projected to witness highest CAGR of over 20% during forecast period.

 

  • The automotive industry is increasingly being intertwined with the wireless audio device industry. Many modern vehicles come equipped with Bluetooth connectivity and wireless audio systems, enabling drivers and passengers to stream music, make hands-free calls, and access navigation instructions. The demand for seamless integration between in-car infotainment systems and personal wireless audio devices is driving innovations & partnerships, creating a more connected & enjoyable driving experience.
     
Wireless Audio Device Market Share, By Functionality, 2023

Based on functionality, the market is divided into smart devices and non-smart devices. The smart devices segment held over 60% of the wireless audio device market share in 2023 and is estimated to register a CAGR of over 20% through 2032.

 

  • Smart devices and wireless audio devices are closely connected through enhanced functionality. Wireless headphones and earbuds are often integrated with smartphones & tablets, allowing users to control music playback, answer calls, and access voice assistants via touch or voice commands. Smart features, such as noise cancelation, adaptive sound profiles, and seamless pairing, are increasingly becoming common in wireless audio devices, thereby enhancing the user experience and aligning with the broader trend of smart technology integration into consumer electronics.

 

U.S. Wireless Audio Device Market Size, 2021-2032, (USD Billion)

North America wireless audio device market accounting for 30% of the revenue share in 2023, due to the high consumer demand for premium audio products along with a strong presence of key companies. North America also leads in technology adoptions & innovations, with a focus on trends such as TWS earbuds and noise-cancelling headphones. The region's competitive landscape and consumer preferences are driving innovations, making North America a dynamic & growing hub for the market.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of wireless audio device reached USD 75.6 billion in 2023 and is set to expand at over 20% CAGR between 2024 and 2032, owing to the rising popularity of truly wireless stereo (TWS) earbuds and headphones among consumers due to their convenience & portability.

The smart devices segment held more than 60% of the market share in 2023 and is projected to record over 20% growth rate through 2032, due to the proliferation of smart features, such as noise cancelation, adaptive sound profiles, and seamless pairing.

North America was over 30% of the market share in 2023 and is estimated to exhibit robust growth through 2032, attributed to the high consumer demand for premium audio products along with the strong presence of key market players in the region.

Some of the top wireless audio device companies are Apple Inc., HARMAN International, Bose Corporation, Sonos, Inc., Sony Corporation, Masimo, and Sennheiser Electronic GmbH & Co. KG.

Wireless Audio Device Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 326
  • Countries covered: 20
  • Pages: 220
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