Wireless Audio Market Growth Forecast at 23.2% CAGR to 2020

Apr 28, 2016, 22:00 ET from RnR Market Research

PUNE, India, April 29, 2016 /PRNewswire/ --

The growth of wireless audio market is mainly driven by smartphones, rise in the adoption of portable devices and is expected to reach $54.07 billion by 2022; at a CAGR of 23.2% between 2016 and 2022 with the segment of consumer application is forecast to rise at a highest CAGR during the forecast period.

Complete report on global wireless audio market spread across 152 pages, profiling 10 companies and supported with 70 tables and 57 figures is now available at http://www.rnrmarketresearch.com/wireless-audio-market-by-product-soundbar-speaker-headphones-headset-technology-bluetooth-wi-fi-sonos-airplay-application-home-audio-consumer-automotive-commercial-and-geography-global-forecast-to-2022-market-report.html .

There is an increasing demand for wireless audio products such as wireless headsets, headphones, speakers, and sound bars because of 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.

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.

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (34%), Tier 2 (40%) and Tier 3 (26%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (32%), Director Level (28%) and others (40%) from various key organizations operating in the global wireless audio market. The primary interviews were conducted worldwide covering regions such as Americas (40%), Europe (30%), APAC (20%) and RoW (10%).

The various key market players profiled in the report such as Apple Inc. (U.S.), Bose Corporation (U.S.), Sonos, Inc. (U.S.), DEIHoldings Inc. (U.S.), Harman International Industries, Incorporated (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sennheiser Electronic GmbH & Co. KG (Germany), Sony Corporation (Japan), Vizio, Inc. (U.S.) and Voxx International Corporation (U.S.). Order a copy of Wireless Audio Market by Product (Soundbar, Speaker, Headphones, Headset), Technology (Bluetooth, Wi-Fi, Sonos, AirPlay), Application (Home Audio, Consumer, Automotive, Commercial) and Geography - Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=538701 .

From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the wireless audio market; high-growth regions; and market drivers, restraints, and opportunities.

On a related note, another research on Audio Communication Monitoring Market Global Forecast to 2020 says, the market to grow from USD 795.4 Million in 2015 to USD 2,145.3 Million in 2020, at a CAGR of 21.9% during the forecast period. The report analyzes the growth rate and penetration of the audio communication monitoring market across all the regions. North America is expected to be the biggest market in terms of revenue contribution, while APAC is expected to experience increased market traction, during the forecast period. Companies like Nice Systems (Israel), Cisco Systems (U.S.), IBM (U.S.), Nectar Services Corp (U.S.), and Nexidia, Inc. (U.S.) have been profiled in this 128 pages research report available at http://www.rnrmarketresearch.com/audio-communication-monitoring-market-by-solution-service-reporting-analytics-call-recording-software-quality-analysis-audio-loudness-metering-monitoring-solution-professional-service-support-maintenance-global-forecast-to-20-market-report.html .

Explore more reports on the Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .

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