Press Releases

The global wireless audio devices market is anticipated to have significant growth i.e. 17.3% CAGR during the forecast period 2023-2030. The growth of semiconductors and electronic gadgets has been aided by wireless technology.  The demand for sound bars, microphones, speakers, and headphones has skyrocketed, boosting the market dramatically. The market is being driven by growing penetration of infotainment devices, rising usage of mobile devices for seamless connectivity and easy accessibility of information and resources, and burgeoning applications of wireless audio devices in the commercial sector, such as events, exhibitions, contact centers, and others. Depending on the design, modern wireless audio devices can be powered by batteries or power connections. They provide flexibility, connectivity, ease, and expandability, as well as the ability to operate in the 520–1800 MHz vacant spectrum. Smartphone and tablet penetration is expanding rapidly due to changing consumer choices and behavioral trends. The shift in media attention to streaming services like Spotify, Deezer, and Pandora has propelled the wireless audio business to new heights. Music fans can enjoy a wide personal library of tunes via wireless audio devices at home or anywhere.

In June 2022, VOXX International Corporation, a renowned global player in automotive and consumer technology, made an exciting announcement. Its subsidiary, Premium Audio Company, LLC, joined forces with Sharp Corporation to establish a joint venture aimed at acquiring select assets from Onkyo Home Entertainment Corporation's audio/video business. The transaction, valued at $30.8 million, involved the assumption of certain liabilities and future commission payments to Onkyo. Under the joint venture, Premium Audio Company will have a controlling stake of approximately 75%, while Sharp will hold around 25%.

The wireless audio industry has faced substantial challenges due to the outbreak of the COVID-19 pandemic. The consumer electronics market, which includes wireless audio devices like headsets and headphones, experienced significant disruptions as governments implemented strict lockdown measures. The temporary suspension of production for consumer electronics products, such as smartphones and tablets, directly impacted the demand for wireless audio devices. However, the shift towards remote work and homeschooling has emerged as key factors driving the development and growth of the wireless audio device market.

Despite the initial setbacks caused by the pandemic, the formation of the joint venture between Premium Audio Company and Sharp signifies a strategic move to tap into the potential of the wireless audio industry. As the work-from-home culture and remote learning continue to influence consumer behaviors, there is an opportunity for the market to recover and thrive. The collaboration between VOXX International Corporation's subsidiary and Sharp demonstrates a commitment to capitalize on these evolving trends and enhance their presence in the wireless audio device market.

Browse 63 market data Tables and 40 Figures spread through 220 Pages and in-depth TOC on " Wireless Audio Device Market by Product (Headphones, Earphones, Speaker Systems, Headsets, Microphones, Soundbars, True Wireless Hearables/ Earbuds, and Others), by Technology (Smart Devices and Non-Smart Devices), by Functionality (AirPlay, Bluetooth, Wi-Fi, Bluetooth + Wi-Fi, Radio Frequency, and Others), by Application (Commercial, Consumer, Home Audio, Automotive, and Others), and Region - Global Forecast to 2030"

By product, the true wireless hearables is anticipated to have a high CAGR during the forecast period.

On the basis of product, the global wireless audio devices market is segmented into headphones, earphones, speaker systems, headsets, microphones, soundbars, true wireless hearables/ earbuds, and others. The true wireless hearables or earbuds are anticipated to have a high CAGR during the forecast period 2023-2030 due to the increased demand in the consumer segment and increased penetration of smartphones. Apple, SAMSUNG, Sony Corporation, and Bose Corporation are some of the industry players in the true wireless hearable category.

Global Wireless Audio Device Market Segmentation Analysis

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“APAC is anticipated to have a high CAGR in the wireless audio device industry during 2023-2030.”

APAC is anticipated to grow at a high CAGR during the forecast period 2023-2030 owing to the rising population, increased purchasing power parity of consumers, and surging adoption of innovative audio-related technologies. Furthermore, MNCs are setting up manufacturing plants in the APAC region owing to the extensive availability of raw materials and cheap labor, resulting in the growth of the wireless audio industry.

Some of the major players in the global Wireless Audio Device market include Apple Inc., SONY ELECTRONICS INC., HARMAN International, Sonos, Inc., Bose Corporation, Qualcomm Technologies, Inc., VOXX International Corp., Shure, Sound United, and Koninklijke Philips N.V.

Scope of the Report

Global Wireless Audio Device Market Coverage

Product Insight and Forecast 2018-2030

• Headphones
• Earphones
• Speaker Systems
• Headsets
• Microphones
• Soundbars
• True Wireless Hearables/ Earbuds
• Others

Technology Insight and Forecast 2018-2030

• Smart Devices
• Non-Smart Devices

Functionality Insight and Forecast 2018-2030

• AirPlay
• Bluetooth
• Wi-Fi
• Bluetooth + Wi-Fi
• Radio Frequency
• Others

Application Insight and Forecast 2018-2030

• Commercial
• Consumer
• Home Audio
• Automotive
• Others

Geographical Segmentation

Wireless Audio Device Market by Region

North America

• By Product
• By Technology
• By Functionality
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Product
• By Technology
• By Functionality
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Product
• By Technology
• By Functionality
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Product
• By Technology
• By Functionality
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries