Market for Wireless Audio Worth USD 54.07 Billion by 2022 - Rise in the Adoption of Portable Devices - Research and Markets

DUBLIN, May 11, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Wireless Audio Market - Global Forecast to 2022" report to their offering.

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The market for wireless audio is expected to reach USD 54.07 Billion by 2022, at a CAGR of 23.2% between 2016 and 2022. This market is primarily driven by the growth of the market for smartphones, which are used as a source of entertainment, rise in the adoption of portable devices, high expenditure on R&D for wireless audio technology by OEMs, advancements in technologies, and growing demand for infotainment services.

In 2015, the wireless audio market was dominated by the speaker systems. The main benefit offered by the wireless speaker systems is that there are no wires connecting the speakers to the sound system; hence, there is no need for users to worry about tripping over wires that are connected to the speaker system.

Moreover, wireless headsets and microphones keep the user's both hands free due to which the user can perform other tasks. The market for headsets is expected to grow at the highest rate during the forecast period. The rising demand for smartphones as a source of entertainment is the major factor that is driving the market for headsets.

The growth of the consumer application is majorly driven by the rapid growth of the markets for smartphones, computers, and tablets. Most of the smartphones, tablets, and computers in the market are equipped with inbuilt Bluetooth and Wi-Fi connectivity; thus, it's very convenient for the users of smartphones, tablets, and computers to play music using wireless audio products.

The Americas accounted for the largest share, in terms of value as well as volume, of the wireless audio market in 2015. In the Americas region, the U.S is at the forefront of commercializing new technologies. The APAC market is expected to grow at the highest CAGR during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Analysis

7 Market, By Product

8 Market, By Technology

9 Market, By Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

Companies Mentioned:

• Apple Inc.
• Bose Corporation
• DEI Holdings, Inc.
• Harman International Industries, Incorporated
• Samsung Electronics Co., Ltd.
• Sennheiser Electronic GmbH & Co. Kg
• Sonos, Inc.
• Sony Corporation
• VOXX International Corporation
• Vizio, Inc.

For more information visit http://www.researchandmarkets.com/research/7b8b2s/wireless_audio

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SOURCE Research and Markets