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Wireless Audio Device Market Trends

Report ID: GMI7834
Published Date: Jan 2024
Report Format: PDF

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Wireless Audio Device Market Trends

The wireless audio device industry caters to various applications including personal entertainment, gaming, professional audio, and communication. Consumers use wireless headphones, earbuds, and speakers for music, movies, and gaming. Professionals rely on wireless headsets for remote work and virtual meetings. The market also supports fitness & health tracking, enabling the integration of devices with the smart home and Internet of Things (IoT) ecosystems for convenience and accessibility.

One prominent trend is the rise of Truly Wireless Stereo (TWS) earbuds, which have gained immense popularity for their cable-free & ultra-portable design. These devices often come equipped with advanced features such as noise cancelation, thereby catering to the demand for convenience & high-quality audio. Enhanced audio quality is another key trend, with manufacturers continually improving sound profiles with the help of better drivers and supporting advanced audio codecs.

Smart features are also on the rise, with wireless audio devices increasingly integrating voice assistants, touch controls, and sensors for the automatic play/pause functionality. This aligns with the broader adoption of smart technology. The expansion of 5G networks has also played a key role in offering more robust and stable connections for wireless audio devices, thereby benefiting both streaming & low-latency applications.

The rise in remote work and virtual meetings has also spurred the demand for wireless headsets & headphones designed for professional uses. Also, there is a rising need for customization options, ranging from aesthetics to sound profiles, to cater to individual preferences. With intense competition in the market, innovations, price wars, and a wide array of consumer choices continue to drive the wireless audio device industry forward, thereby promising an exciting future landscape.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of wireless audio device reached USD 75.6 billion in 2023 and is set to expand at over 20% CAGR between 2024 and 2032, owing to the rising popularity of truly wireless stereo (TWS) earbuds and headphones among consumers due to their convenience & portability.

The smart devices segment held more than 60% of the market share in 2023 and is projected to record over 20% growth rate through 2032, due to the proliferation of smart features, such as noise cancelation, adaptive sound profiles, and seamless pairing.

North America was over 30% of the market share in 2023 and is estimated to exhibit robust growth through 2032, attributed to the high consumer demand for premium audio products along with the strong presence of key market players in the region.

Some of the top wireless audio device companies are Apple Inc., HARMAN International, Bose Corporation, Sonos, Inc., Sony Corporation, Masimo, and Sennheiser Electronic GmbH & Co. KG.