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Wireless Audio Device Market Size

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

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Wireless Audio Device Market Size

Wireless Audio Device Market size was valued at USD 65.6 billion in 2023 and is anticipated to grow at a CAGR of over 20% between 2024 and 2032. Wireless audio devices are electronic gadgets that transmit and receive audio signals without the need for physical cables. These devices use technologies, such as Bluetooth, Wi-Fi, or other wireless protocols, to connect to audio sources including smartphones, tablets, or computers.

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The common examples include wireless headphones, earbuds, speakers, and soundbars, offering convenience and flexibility for users to enjoy audio content without being tethered to their devices. The rising popularity of Truly Wireless Stereo (TWS) earbuds and headphones has been a significant factor driving the market growth. Consumers are increasingly drawn to the convenience & portability of TWS devices, which offer a cable-free experience. With advancements in battery life, sound quality, and additional features such as active noise cancellation, TWS earbuds have captured a substantial market share and are slated to continue driving the market size.

Wireless Audio Device Market Report Attributes
Report Attribute	Details
Base Year:	2023
Wireless Audio Device Market Size in 2023:	USD 65.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	20%
2032 Value Projection:	USD 400 Billion
Historical Data for:	2018 – 2023
No. of Pages:	220
Tables, Charts & Figures:	326
Segments covered:	Product, Technology, Functionality, and Application
Growth Drivers:	Rising popularity of TWS earbuds & headphones Growing demand for wireless audio devices in the commercial sector The rising consumer interest in rich video content Increased demand for home theaters and LCDs Rising demand for wireless audio devices for use in remote work operations
Pitfalls & Challenges:	Interoperability and compatibility Audio quality and latency

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For instance, in January 2021, JBL launched the tour headphone series, which was designed for business professionals. This series includes two headphone models: the JBL tour one over-ear noise canceling headphones and the JBL Tour Pro+ TWS in-ear headphones. In addition to adaptive noise cancelation, both models come equipped with the JBL Pro Sound, the Adaptive Ambient Aware, and TalkThru technology.

Interoperability and compatibility issues hinder the wireless audio device market growth. Users expect seamless connections between the devices created by different manufacturers, but the varying wireless standards and protocols can lead to connectivity problems. This can discourage consumers from investing in wireless audio products, leading to customer frustration. Manufacturers must address these challenges to ensure that their products work seamlessly with a wide range of devices and platforms, improving the overall user experience and market demand.

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.