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Global Wireless Audio Device Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Wireless Audio Device

The report focuses on the favorable Global “Wireless Audio Device market” and its expanding nature. The Wireless Audio Device market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The wireless audio device market is expected to register a CAGR of 17.22 % during the forecast period 2019 – 2024. The consumers are swiftly evolving by integrating wireless connectivity across a host of devices such as sound bars, microphone, headphones, speaker docks, and home theatre in box systems which are providing a paradigm shift in the wireless audio device market.
  • – The major drivers of the wireless audio device market are increasing requirement for mobility, high expenditure on semiconductor for wireless devices and advancement in technologies and introduction of innovative devices.
  • – The growing technological propagation and amalgamation of wireless audio device products with a vast range of applications such as consumer, commercial, automotive and others are also the major factors driving the growth of the Wireless Audio Device Market.
  • – Moreover, growth of this market is propelled by the increasing demand for smartphones as a source of entertainment, consumer preferences for portable devices, and advancements in wireless technologies.
  • – However, issues related to frequency compliance and health are some of the factors challenging the growth of the market.

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    Key Manufacturers

  • Apple Inc.
  • Bose Corporation
  • DEI Holdings Inc.
  • Harman International Inc.
  • Koninklijke Philips N.V.
  • Sennheiser Electronic GMBH & Co. KG
  • Shure Incorporated
  • Sony Corporation
  • Vizio
  • Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Wireless Audio Device market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Wireless Audio Device market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Wireless Audio Device market have also been involved in the study.

    Scope of the Report:

  • A wireless audio system offers connectivity, expandability, flexibility, and convenience. Wireless audio devices use wireless platforms, such as Bluetooth, radio frequency, infrared, Wi-Fi, SKAA, and airplay for streaming music from audio-enabled devices to wireless output systems.
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    TOC of Wireless Audio Device Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Wireless Audio Device market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Wireless Audio Device Market Report Covered:

    • The report analyses how Wireless Audio Device market will grow in the future.
    • Analyzing various perspectives of the Wireless Audio Device market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Wireless Audio Device market shares and policies employed by the major market players.
    • Competitive landscape including the Wireless Audio Device market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Wireless Audio Device market players

    Key Market Trends:

    Bluetooth Technology to lead the Wireless Audio Device Market

    – Bluetooth technology is a universally accepted standard and is compatible with almost every device, which stands as the primary reason behind the technology outperforming other technologies in the market.
    – One such technological advancement was the introduction of Qualcomm aptX and Bluetooth 4.0, which has bought out a significant change in the speaker’s sound quality, bolstering its adoption. Bluetooth consumes less power, as compared to other wireless audio transmission technologies.
    – This factor has made Bluetooth technology a preferred choice in smartphones, for wireless audio transmission. In addition, market incumbents, such as HTC, Samsung, and OnePlus have been identified to incorporate Bluetooth 5.0 technology into their smartphones, further increasing its adoption

    Asia-Pacific to be the Fastest Growing Market

    – Owing to the well-established consumer electronics market, Asia-Pacific has a major share of the market. Growing populations of middle-class consumers in evolving economies like China, India, and Japan are the main driving force behind the market growth.
    – For instance, in China owing to the vast availability of resources and cheap labor, various multinational companies have also set up their manufacturing plants, thus making the country an ideal destination for multi-million investments in the field of wireless audio devices.
    – Moreover, China is poised to be a leader, in terms of the volume of smartphones, with a 37% share, by 2018. with its adaption to technology and increasing usage of smartphone is also strengthening its smartphone market share. This emphasizes the importance and growing demand for wireless audio devices in China as well as India.

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    Study objectives of Wireless Audio Device Market Report:

    • To provide a detailed analysis of the market structure along with the Wireless Audio Device market forecast of various segments and sub-segments of the Wireless Audio Device market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Wireless Audio Device market trends that influence the global Wireless Audio Device market

    Detailed TOC of Wireless Audio Device Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Mobility Requirements
    4.4 Market Restraints
    4.4.1 Issues Related With Operating Frequency Compliance
    4.5 Technology Snapshot
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Bargaining Power of Suppliers
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Threat of New Entrants
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Technology
    5.1.1 Bluetooth
    5.1.2 Airplay
    5.1.3 Wi-Fi
    5.1.4 Other Technologies
    5.2 By Product
    5.2.1 Sound Bars
    5.2.2 Wireless Speakers
    5.2.3 Wirerless Headsets & Microphones
    5.2.4 Other Products
    5.3 By Application
    5.3.1 Consumer
    5.3.2 Commercial
    5.3.3 Automotive
    5.3.4 Other Applications
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2 Europe
    5.4.2.1 United Kingdom
    5.4.2.2 Germany
    5.4.2.3 France
    5.4.2.4 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Rest of Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Apple Inc.
    6.1.2 Bose Corporation
    6.1.3 DEI Holdings Inc.
    6.1.4 Harman International Inc.
    6.1.5 Koninklijke Philips N.V.
    6.1.6 Sennheiser Electronic GMBH & Co. KG
    6.1.7 Shure Incorporated
    6.1.8 Sony Corporation
    6.1.9 Vizio, Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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