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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.
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.
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.