Wireless speakers are majorly being adopted from past few years, allowing users to stream audio from a various devices to speakers using a wireless connection. Recently, along with developments in Bluetooth specification and the standardization of A2DP (Advanced Audio Distribution Profile), there has been a significant rise in popularity of Bluetooth speakers.
Market Dynamics:
Increase in demand of the infotainment devices such as mobile phones, laptops, computers, sound bars, and advantages associated with wireless audio devices such as portability, remote accessibility, and compatibility with most of the infotainment devices, are boosting the demand of wireless audio devices, globally. In addition, increasing technological propagation of wireless audio products for a range of applications such as consumer, commercial, and automotive, are few factors that are boosting the adoption of wireless audio devices.
For instance, according to Coherent Market Insights analysis in year 2016, the total number of shipments for laptops globally was around 155 million, which got increased up to 220 million in year 2020, and it is expected that by the year 2025 globally the total number of laptops shipments will be increased up to 270 million, which is expected to increase adoption wireless audio devices over the forecast period.
Wireless audio devices need to comply with various emission regulations set by the various regulatory bodies across the globe, furthermore, several negative impacts on children such as hearing loss or headache, owing to usage of wireless audio device for a longer period of time, is expected to hamper the growth of wireless audio devices over the forecast period.
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