Wireless Audio Devices Market to grow by USD 57,887.46 million from 2022 to 2027|Apple Inc., Bose Corp., Earin AB and more to emerge as key market players- Technavio

NEW YORK, July 11, 2023 /PRNewswire/ -- The wireless audio devices market size is set to grow by USD 57,887.46 million from 2022 to 2027 and register a CAGR of 19.77%, according to Technavio's latest market research report estimates. To help businesses improve their market position, the wireless audio devices market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Apple Inc., Bose Corp., Earin AB, FKA Distributing Co. LLC, GN Store Nord AS, LG Electronics Inc., Masimo Corp., PHAZON, Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Sonos Inc., Sony Group Corp., TruSound Audio, VIZIO Holding Corp. Inc., VOXX International Corp., Xiaomi Inc, Yamaha Corp., and Zound Industries International AB. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View Sample Report

Vendor Offerings

• Apple Inc. - The company offers wireless audio devices such as airpods pro and airpods with magsafe charging case.
• Bose Corp. - The company offers wireless audio devices such as quietcomfort 35 wireless headphones II and bose quietcomfort earbuds.
• Earin AB - The company offers wireless audio devices such as earbuds.

The report also covers the following areas:

• Wireless Audio Devices Market size
• Wireless Audio Devices Market Trends
• Wireless Audio Devices Market industry analysis

Wireless Audio Devices Market 2023-2027: Segmentation

• Product 
• Speaker Systems
• Headphones
• Others
• Application 
• Residential
• Commercial
• Automotive
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East And Africa

The market share growth by the speaker systems segment will be significant during the forecast period. The significant attraction of the speaker system is they have an enhanced aesthetic appeal and numerous applications. The increased penetration of wireless speakers among tourists is one of the important factors that is positively impacting the growth of the segment. Among tourists, the demand for wireless speaker systems is increasing, particularly for the younger generation. Furthermore, the other significant factors propelling the growth of the segment are the rising use of wireless speakers by tourists, the increasing adoption of smart home devices and smart home automation, and the emergence of voice assistants and smart wireless speakers. Voice-activated smart speakers can listen, record, and respond to the user's commands. For instance, Alexa, Google Assistant, and Siri can perform tasks, such as turning off the TV and turning on the lights. 

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

The increased focus on product aesthetics and features is a new trend shaping the market. The wireless audio market has developed in various dimensions in terms of product aesthetics, size, and features over the years. Also, vendors are coming up with new advanced technologies to track health parameters. Furthermore, when it comes to audio devices, companies are also offering customized products to retain customers and grow their business. Noise-cancellation headphones are becoming so popular in the market as they can always emphasize measuring, comparing, and responding to external noise. In addition, the emergence of nanochip technology has upgraded the development of wireless audio devices that can fit into human ears. For instance, Apple AirPods is a product that has contributed immensely to the miniaturization of wireless audio devices. Therefore such advancements are expected to drive the wireless audio devices market during the forecast period.

Wireless Audio Devices Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist wireless audio devices market growth during the next five years
• Estimation of the wireless audio devices market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the wireless audio devices market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wireless audio devices market vendors

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The earphone and headphone market is estimated to grow at a CAGR of 9.84% between 2022 and 2027. The size of the market is forecast to increase by USD 20,720.41 million. This report extensively covers market segmentation by type (in-ear, on-ear, and over-ear), technology (wired, wireless, and TWS), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The technological advancements for product enrichment are notably driving the earphone and headphone market growth. 

The headphones market share is expected to increase by USD 30.2 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.12%. This report extensively covers the headphones market segmentation by product (non-smart headphones and smart headphones), technology (wired headphones and wireless headphones), type (in-ear headphones, over-ear headphones, and on-ear headphones), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The increasing penetration of smart devices is one of the key factors driving the headphones market growth. 

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global wireless audio devices market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global wireless audio devices market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Speaker systems - Market size and forecast 2022-2027
• Exhibit 34: Chart on Speaker systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Speaker systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Speaker systems - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Speaker systems - Year-over-year growth 2022-2027 (%)

• 6.4 Headphones - Market size and forecast 2022-2027
• Exhibit 38: Chart on Headphones - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Headphones - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Headphones - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Headphones - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Residential - Market size and forecast 2022-2027
• Exhibit 51: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial - Market size and forecast 2022-2027
• Exhibit 55: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.5 Automotive - Market size and forecast 2022-2027
• Exhibit 59: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 63: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Apple Inc. 
• Exhibit 116: Apple Inc. - Overview
• Exhibit 117: Apple Inc. - Business segments
• Exhibit 118: Apple Inc. - Key news
• Exhibit 119: Apple Inc. - Key offerings
• Exhibit 120: Apple Inc. - Segment focus

• 12.4 Bose Corp. 
• Exhibit 121: Bose Corp. - Overview
• Exhibit 122: Bose Corp. - Product / Service
• Exhibit 123: Bose Corp. - Key news
• Exhibit 124: Bose Corp. - Key offerings

• 12.5 Earin AB 
• Exhibit 125: Earin AB - Overview
• Exhibit 126: Earin AB - Product / Service
• Exhibit 127: Earin AB - Key offerings

• 12.6 LG Electronics Inc. 
• Exhibit 128: LG Electronics Inc. - Overview
• Exhibit 129: LG Electronics Inc. - Business segments
• Exhibit 130: LG Electronics Inc. - Key news
• Exhibit 131: LG Electronics Inc. - Key offerings
• Exhibit 132: LG Electronics Inc. - Segment focus

• 12.7 Masimo Corp. 
• Exhibit 133: Masimo Corp. - Overview
• Exhibit 134: Masimo Corp. - Product / Service
• Exhibit 135: Masimo Corp. - Key news
• Exhibit 136: Masimo Corp. - Key offerings

• 12.8 Plantronics Inc. 
• Exhibit 137: Plantronics Inc. - Overview
• Exhibit 138: Plantronics Inc. - Business segments
• Exhibit 139: Plantronics Inc. - Key offerings
• Exhibit 140: Plantronics Inc. - Segment focus

• 12.9 Samsung Electronics Co. Ltd. 
• Exhibit 141: Samsung Electronics Co. Ltd. - Overview
• Exhibit 142: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 143: Samsung Electronics Co. Ltd. - Key news
• Exhibit 144: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 145: Samsung Electronics Co. Ltd. - Segment focus

• 12.10 Sennheiser Electronic GmbH and Co. KG
• Exhibit 146: Sennheiser Electronic GmbH and Co. KG - Overview
• Exhibit 147: Sennheiser Electronic GmbH and Co. KG - Business segments
• Exhibit 148: Sennheiser Electronic GmbH and Co. KG - Key news
• Exhibit 149: Sennheiser Electronic GmbH and Co. KG - Key offerings
• Exhibit 150: Sennheiser Electronic GmbH and Co. KG - Segment focus

• 12.11 Shure Inc. 
• Exhibit 151: Shure Inc. - Overview
• Exhibit 152: Shure Inc. - Product / Service
• Exhibit 153: Shure Inc. - Key offerings

• 12.12 Sonos Inc. 
• Exhibit 154: Sonos Inc. - Overview
• Exhibit 155: Sonos Inc. - Product / Service
• Exhibit 156: Sonos Inc. - Key offerings

• 12.13 Sony Group Corp. 
• Exhibit 157: Sony Group Corp. - Overview
• Exhibit 158: Sony Group Corp. - Business segments
• Exhibit 159: Sony Group Corp. - Key offerings
• Exhibit 160: Sony Group Corp. - Segment focus

• 12.14 TruSound Audio 
• Exhibit 161: TruSound Audio - Overview
• Exhibit 162: TruSound Audio - Product / Service
• Exhibit 163: TruSound Audio - Key offerings

• 12.15 VIZIO Holding Corp. Inc. 
• Exhibit 164: VIZIO Holding Corp. Inc. - Overview
• Exhibit 165: VIZIO Holding Corp. Inc. - Product / Service
• Exhibit 166: VIZIO Holding Corp. Inc. - Key offerings

• 12.16 VOXX International Corp. 
• Exhibit 167: VOXX International Corp. - Overview
• Exhibit 168: VOXX International Corp. - Business segments
• Exhibit 169: VOXX International Corp. - Key offerings
• Exhibit 170: VOXX International Corp. - Segment focus

• 12.17 Yamaha Corp. 
• Exhibit 171: Yamaha Corp. - Overview
• Exhibit 172: Yamaha Corp. - Business segments
• Exhibit 173: Yamaha Corp. - Key offerings
• Exhibit 174: Yamaha Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 175: Inclusions checklist
• Exhibit 176: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 177: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 178: Research methodology
• Exhibit 179: Validation techniques employed for market sizing
• Exhibit 180: Information sources

• 13.5 List of abbreviations 
• Exhibit 181: List of abbreviations

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