GLOBAL WIRELESS AUDIO DEVICES MARKET By Product (Speakers, Headphones, Soundbars, & Microphones) and Application (Commercial, Consumer, Military & Defense, Automotive, & Others) Analysis & Forecast, From 2016 To 2022
Wireless audio devices are gaining popularity over wired audio devices due to several advantages offered by wireless audio devices over wired audio devices. Some of the advantages of wireless devices over wired devices are cost saving due to wire replacement; vulnerability of wireless devices to temporary interferences, noise and fading; increased mobility, and enhanced efficiency for an increase in number of users connected to the same device. The global Wireless Audio Device market is estimated to witness a growth at a CAGR of 16.6% over the period 2016 to 2022. This growth is expected due to increasing consumer application and increasing opportunities for the wireless audio devices in the hospitality and leisure sector.
The U.S. generated the maximum amount of revenue in the year 2015 in the global wireless audio device industry among all the regions; whereas, China has the maximum potential to grow in the forecast period. If the industry has the prospects of growing with the same pace, it will cross $33,177.0 million in total market value by the end of forecast period 2022.
The industry analysis section has examined the impact of the five major forces and value chain analysis to understand the overall attractiveness of the industry. The most often used strategy for developing a better hold on to the market has been through product launches, followed by mergers & acquisitions. Moreover, the company profile section includes highlights of significant information about the key companies involved along with their financial positions key strategies, & developmental activities of recent years. Some of the key players involved in this market are Sony Corporation, Bose Corporation, Sennheiser, Sonos, Harman, Apple Inc., and Samsung.
The report is a compilation of different segments of Global Wireless Audio Device Market including market breakdown by products, applications, technology, and includes Porter’s five forces analysis and market dynamics. The report also discusses in detail about the key participants involved in the industry.
The report answers the following questions about the Global Wireless Audio Device Market:
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