Wireless Audio Devices Market: Increasing Penetration of Smart Phones and Internet is Favoring Market Growth - TMR

13 Dec 2018

ALBANY, New York, December 13, 2018 /PRNewswire/ --

The global wireless audio devices market is anticipated to experience a strong demand growth during the forecast period 2016 - 2024, owing to the increasing demand for tablets and smartphones all across the world. Players in the market are focusing on expanding their customer reach by providing better customer services. Players in the market are spending hefty amount behind research and development activities in order to produce more efficient products and expand their product portfolios. This is anticipated to lure more customers. Well established players are opting for strategic partnerships such as mergers and acquisitions. These plans are expected to help players to expand their customer base in the coming years. Some of the major players in the market are Sony Corporation, Samsung Electronics Co. Ltd., Bose Corporation, Google, and UE (Logitech).

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7358

According to recent study done by Transparency Market Research, the global wireless audio devices market is prognosticated to expand at a robust CAGR of 1.5% of CAGR during the assessed period. The market which was worth at US$9.04 bn in 2014 is expected to be valued at US$10.12 bn by the end of the tenure period. On the basis of product the market is segregated into Wi-Fi multiroom speaker, sound bars, and Bluetooth speaker. Of these, Bluetooth speaker held the majority of the share owing to its portability. Bluetooth speakers have gained immense popularity as it can be carried anywhere and can play music without power source. On the basis of region, Europe and the U.S. are likely to dominate due to the presence of major players and rapid adoption of new technology. Significant contribution from the U.S. is likely to give extra boost to North America.

Get a Discount on this Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=7358

Ability to Access Huge Volumes of Personal Music Library Anywhere is Fostering Market  

One of the major reasons helping the market to push in forward direction is the significant behavioral shift among consumers. Growing disdain towards wired sound system has compelled audio device maker to focus on wireless audio devices. Increasing penetration of the internet has changed the way people listen to music. Ongoing trend of listening music online is foreseen to accelerate market growth. Wireless audio device provides access to enormous personal libraries of music for listeners to listen at home or on the go. Apart from these, recent innovations in the wireless audio technology is likely to bode well with market growth. Enhanced audio performance of a wireless audio device is another factor that is playing a pivotal role in lifting the market.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7358

Stellar Growth in the Automotive Industry to Boost Market Growth 

Impressive growth of the automotive industry is another reason that is fostering market growth. Rise in disposable income all across the world and change in lifestyle have aided the automotive industry to reach new heights. This is directly having a positive influence on the wireless audio devices market. Growing demand for infotainment in the automotive has increased considerably in the recent past. Another reason that has made the automotive industry as a major end user of the wireless audio device market is the high adoption of Internet of Things. Integration of IoT in automobiles is substituting knobs and buttons used for controlling audio devices with Bluettoth connectivity.

The information presented in this review is based on a TMR report, titled "Wireless Audio Devices Market (Product - Bluetooth Speakers, Sound Bars, and Wi-Fi Multiroom Speakers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.

Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/wireless-audio-devices-market.htm  

The report has segmented the global wireless audio devices market as:

Global Wireless Audio Devices market, by Product Type 

  • Bluetooth Speaker
  • Sound Bars
  • Wi-Fi Multiroom Speaker

Global Wireless Audio Devices market, by Region 

  • The U.S.
  • Europe
  • Rest of World (RoW)

Browse More IT & Telecom Market Research Reports

Popular Research Reports by TMR: 

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: https://www.transparencymarketresearch.com 
Research Blog: https://tmrblog.com/

SOURCE Transparency Market Research

Related Vendors