Sound bars is the fastest segment in terms of CAGR of the Wireless Audio Devices Market 2016 – 2024

The growing penetration of tablets and smartphones, combined with an ongoing shift in consumer media consumption preferences toward those wireless audio devices and streaming services such as Spotify, Pandora, and Deezer, are collectively driving a behavioral shift in people listening to music inside and outside their homes. The shift from playing physical CDs to playing digital music files is well entrenched in the home and portable audio industries. Home, portable, and even car audio products have embraced the playback of downloaded music and the streaming of cloud-based music services. Other new digital music sources include satellite radio and HD Radio. Wireless audio devices sales are driven by slim one-piece amplified sound bars, wireless multi-room audio systems, and other networked-audio products. New wireless multi-room audio systems use smartphones and tablets as controllers to send music via Wi-Fi from PCs, smartphones, and tablets to tabletop speakers throughout the house.

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Key factors driving the growth of the global wireless audio devices market include rising adoption of wireless connectivity technologies and growing demand for infotainment and regulatory requirements from the automotive industry. Other regional driving factors include flexible audio streaming capacity, rising disposable income, and product bundling.

In 2015, BT speakers wireless audio devices was the largest segment by product type in terms of market revenue, accounting for 66.1% of total revenue despite growing at a moderate CAGR. The segment is expected to remain dominant throughout the forecast period as sales of portable Bluetooth speakers are surging because they play music wirelessly from any Bluetooth-equipped smartphone, tablet, or laptop. Sound bars is the fastest segment in terms of CAGR of the global wireless audio devices market. Sleek-looking, simple-to-install sound bars improve the sound of thin flat-panel TVs, often simulate surround sound, and play music in the home.

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The U.S. is the largest market revenue contributor in the global wireless audio devices market in 2015, accounting for 41.9% of the overall market. Also, wireless audio device sales are driven by slim one-piece amplified sound bars, wireless multi-room audio systems, and other networked-audio products, including Bluetooth portable speakers. High-resolution home and portable audio products reproduce downloaded lossless music files with better-than-CD sound quality.

Some of the major industry players profiled in the study are Bose Corporation, Ultimate Ears (UE, Logitech), Vizio Inc., Beats (Apple, Inc.),Harman International (JBL), Sony Corporation, Sonos, Samsung Electronics, LG Electronics, Philips.

Table of Content

1. Preface

2. Executive Summary

3. Global Wireless Audio Devices Market Analysis, 2014 – 2024 (US$ Mn and Mn Units)

4. The U.S. Wireless Audio Devices Market Analysis, 2014 – 2024 (US$ Mn and Mn Units)

5. Europe Wireless Audio Devices Market Analysis, 2014 – 2024 (US$ Mn and Mn Units)

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