Wireless Audio Devices Market | Significant Growth in the Market for Sound bars

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Opportunity Analysis and Industry Forecast,
2016-2023
Wireless Audio Devices Market
Significant Growth in the Market for Sound bars
Global Opportunity Analysis and Industry
Forecast, 2014-2022
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Global Wireless Audio Devices Market Report,
published by Allied Market Research, forecasts
that the global market is expected to garner
38,807.5 million by 2022, registering a CAGR of
24.4 during the period 2016-2022. Wireless
speaker systems segment is expected to dominate
the market throughout 2014 - 2022. North
America is expected to be the leading region in
the market during the forecast period. Wireless
audio devices have emerged as an ideal
alternative to traditional wired audio devices,
owing to their portability, convenience,
cost-effectiveness, efficiency, and flexibility.
Increasing penetration of infotainment devices,
such as mobile phones, laptops, tablets,
automobile infotainment devices, coupled with
increasing demand for mobility services drive the
market growth.
Introduction
Wireless Audio Devices Market
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Wireless Audio Devices Market
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The Global Wireless audio devices market are
used to transmit and receive various audio
signals through wireless technologies, namely,
Wi-Fi, Bluetooth, and AirPlay, among others.
Wireless headphones, microphones, speakers,
sound bars, and audio systems, radio tuners, and
others are various types of wireless audio
devices available in the market. Increasing
penetration of infotainment devices, rising
adoption of mobile devices, and increasing
applications of wireless audio devices in the
commercial sector including, events, shows, call
centers, and others are the key driving factors
of the market. Stringent government regulations
have been imposed regarding the frequency range
of audio devices. In addition, use of these
devices at more than 85 decibels (dB) for 8 hours
or more could adversely affect hearing ability of
users.
Overview
Wireless Audio Devices Market
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Top Impacting Factors
Wireless Audio Devices Market
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Increasing penetration of infotainment devices
The penetration of infotainment devices such
as televisions, PCs, mobile phones, laptops,
tablets, and in-vehicle infotainment devices has
increased in the recent years Growing need for
mobility services The demand for mobility
services among consumers for seamless
connectivity and ease accessibility of
information and resources has increased in the
recent years. Increasing applications of
wireless audio devices in commercial
sector Wireless audio devices are widely used
in commercial sectors, such as media
entertainment, education, and corporate for
various purposes including conferences, meetings,
sport events, news broadcasting, and auctions
among others.
Top Impacting Factors
Wireless Audio Devices Market
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In 2015, wireless speaker systems segment
dominated the overall wireless audio devices
market in terms of revenue, and is projected to
grow at a CAGR of 23.5 during the forecast
period. Airplay technology segment is expected
to grow at a remarkable CAGR of 26.6 from 2016
to 2022. Sound bars segment is projected to grow
at the highest CAGR of 28.2 during the forecast
period. Consumer segment is projected to
generate the highest revenue in the market during
the forecast period. In 2015, North America
generated the highest revenue among all regions
in thewireless audio devices market.
Key Findings 
Wireless Audio Devices Market
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Apple, Inc., Bose Corporation, Harman
International Industries, Incorporated, Sony
Corporation, and Shure Incorporated among others
are some of the prominent players in the market.
Market players have focused on technological
advancement of products and acquisitions for
expansion in the market. For instance, in May
2016, Apple, Inc., a leading player in the
industry, introduced wireless EarPods in the
wireless headphones segment to expand its
customer base and increase product offerings in
wireless technology.
Key Players
Wireless Audio Devices Market
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• BY PRODUCT
• Wireless Headsets Microphones
• Wireless Speaker Systems
• Sound Bars
• Others (A/V Receivers, Power Amplifiers, and
  Radio Tuners)
• BY TECHNOLOGY
• Bluetooth
• Wi-Fi
• Airplay
• Others (Sonos and SKAA)
• BY PRODUCT
• Commercial
• Consumer
• Automotive
• Others (Defense Security)

Key Segments
Wireless Audio Devices Market
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About Allied Market Research Allied Market
Research (AMR) is a full-service market research
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LLP based in Portland, Oregon. Allied Market
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Wireless Audio Devices Market
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