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Wireless Audio Device Market Share

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

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Wireless Audio Device Market Share

The players operating in the wireless audio device industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. The strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, as well as customer retentions. These companies are also heavily investing in research & development to introduce innovative and technologically advanced solutions in the market.

Wireless Audio Device Market Companies

Some of the major companies operating in the wireless audio device industry are mentioned below:

Apple Inc.
HARMAN International
Bose Corporation
Sonos, Inc.
Sony Corporation
Masimo
Sennheiser Electronic GmbH & Co. KG

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.