|Page (1) of 1 - 06/13/17||email article||print page|
Wireless Audio Market Worth 31.80 Billion USD by 2023
PUNE, India, June 13, 2017 /PRNewswire/ --
The report "Wireless Audio Market by Product (Speaker, Soundbar, Headset, Headphone, Microphone), Technology (Bluetooth, Wi-Fi, Airplay, RF), Application (Home Audio, Consumer, Commercial, Automotive), and Region - Global Forecast to 2023", published by MarketsandMarkets, the wireless audio market is expected to grow from USD 16.13 Billion in 2016 to USD 31.80 Billion by 2023, at a CAGR of 10.06% between 2017 and 2023. Factors such as increasing demand for smartphones as a source of entertainment, consumer preferences for portable devices, and advancements in wireless technologies are driving the growth of the market.
Browse 65 market data Tables and 56 Figures spread through 168 Pages and in-depth TOC on "Wireless Audio Market - Global Forecast to 2023"
Early buyers will receive 10% customization on report
Home audio held the largest size of the wireless audio market in 2016
The growth of the market for home audio applications can be attributed to the continuous technological innovations in home audio devices and growing consumer demand for high-performance home theater experience owing to increased disposable income. In addition, developments in Wi-Fi and Bluetooth speakers, and dedicated speaker docks are expected to increase consumer spending on audio equipment to enhance audio quality. Suppliers and manufacturers of such equipment are increasingly focusing on expanding in the market by making these systems user friendly and visually less intrusive. Also, there is an increasing demand for portable audio equipment, which has the ability to stream high-quality audio content from the Internet. Therefore, the advancements in digital technology, with changing media options from conventional to modern system, are contributing to the growth of the market for home audio applications.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1275
The wireless audio market for headsets to grow at a high rate between 2017 and 2023
The latest headsets, available in the market, are equipped with the latest version of Bluetooth smart chip. This chip helps in reducing the power consumption when listening to music and improving the range and quality of the sound. Also, the latest smartphones support near field communication (NFC) connectivity, which enables pairing of devices with a single tap. With further developments in the wireless technology, vendors would enhance their products with better connectivity and battery life; this is likely to drive the growth of the market for headsets. Moreover, wireless headsets and microphones keep the users' hands free; owing to which, the user can perform other tasks.
The Americas to hold the largest share of the wireless audio market in 2017
The wireless audio market in the Americas is likely to be driven by the increase in sale and installation of home entertainment devices. The growing population of music listeners, increasing digital music sales, and popularity of the audio & video entertainment segment are expected to influence the regional market positively over the next decade. The US is at the forefront of installing and buying the upcoming technologies such as wireless speakers and home entertainment systems.
Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1275
The competition in the wireless audio market is high because of the presence of a large number of players. Some of the key players in the wireless audio market are Apple Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Bose Corporation (US), Sonos. Inc. (US), DEI Holdings, Inc. (US), Harman International Industries, Incorporated (US), Sennheiser electronic GmbH & Co. KG (Germany), VIZIO, Inc.(US), and Voxx International Corporation (US).
Browse Related Reports
HI-FI System Market by Product (Speakers & Sound Bars, Network Media Players, Blu-Ray Players, Dvd Player, Headphones), Device (Dac, Amplifier, Preamplifier, & Receiver), Connectivity Technology, Applications, And Geography - Global Forecast to 2022
Wireless Power Transmission Market by Technology (Induction, Magnetic Resonance), Implementation, Transmitter, and Receiver Application (Smartphones, Electric Vehicles, Wearable Electronics, and Furniture), and Geography - Global Forecast to 2022
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Copyright 2014 PR Newswire. All Rights Reserved
Related Keywords:Home, Internet, Home Theater, Communications, WiFi, Digital Audio, Movies & Music, DVD, Web, DVD Player, Speakers, Smart Phone, Home Networks, Speakers, DVD Audio, DVD Media, DVD Player, Applications, Research, Music, Video, Blogs/videoblogs, Internet/Web, Prosumer/Consumer, Internet,