18/02/2014

Wireless Audio Device Market worth $13.75 Billion by 2018

Wireless Audio Device Market is expected to generate revenues of $13.75 billion by 2018, growing at an estimated CAGR of 24.02% from 2013-2018

According to a new market research report "Wireless Audio Device Market By Products (Speakers, Headphones, Sound-Bars & Microphones),Technology (Bluetooth, Airplay, SKAA, & Wi-Fi), Application (Home, Consumer, Commercial, Automotive & Defense) - Global Forecast & Analysis 2013 – 2018

Wireless audio technology are the paradigm of an audio integrated circuit solution that is embedded in speakers, sound-bars, headphones and microphones enabling them to output high-definition surround sound wirelessly using technologies like Bluetooth, RF & IR, Airplay and SKAA. Wireless audio devices are gaining widespread traction all across the globe.

This increasing demand for wireless audio devices presents immense opportunities for players all across the value chain.Wired systems are arduous to use and complicated to setup that require stringing wires connecting audio output devices to the audio compatible devices like smart-phones, touch pads, TVs, and so on. This complexity is one of the major reasons for consumer’s preference for wireless audio systems.

This report presents the future of the global market and industry from both technical and market-oriented perspectives with techno-market oriented road maps till 2018. This report describes the market trends, drivers, restraints and opportunities of the wireless audio device market and forecasts the market to 2018, based on product, application, and geography.

The report presents a detailed analysis of the product market and forecasts the growth for each one of them. The report covers regions such as Americas, Europe, Asia-Pacific, and ROW (Rest of the World). In 2012,Americas was the largest region in terms of market revenue and volume shipment for the wireless audio device market. APAC, Europe, and ROW are also promising markets, with China, India, Germany, and Africa provides an impetus to the growth.

Market by Product

The wireless audio device market by products is segmented into wireless streaming speakers, wireless head-phones, wireless enabled sound bars and wireless microphones. Quantitative data for market revenue and volume shipment for each of the segments are given in the report. Each of the product section mentioned above is further segmented on the basis of geography as Americas, Europe, APAC and ROW. Thus, the report also covers the regional analysis and product forecasts in critical regional pockets.

Market by Technology 

The wireless audio device market by technology discusses different technologies that are required to provide wireless solutions. The technologies discussed include Bluetooth, Radio frequency, Infra-Red, SKAA, Wi-Fi and Airplay. The section provides a detailed market share analysis for the technology market.

Market by Application 

The application market has been covered on the basis of following segments–home audio application, consumer audio application, commercial audio application that covers the hospitality areas like events, hotels and contact centers and other applications covers automotive and defense area. Furthermore, these applications are sub divided on the basis of the products. Both quantitative and qualitative data are given for each sub segment, along with the mapping of each application area to technology.

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