Wireless Audio Market Worth $13.75 Billion by 2018

November 27 2014, 05:00
The total wireless audio device market is expected to reach market revenue of $13.75 billion by 2018, according to a new market research report “Wireless Audio Device Market By Products, Technology and Application - Global Forecast & Analysis 2013 – 2018” published by MarketsandMarkets. ”The wireless audio technology is a revolution in audio experience that will certainly be showing growth in every part of the globe. Industry experts opine that the wireless technology in audio devices will contribute to the growing audio industry, especially in APAC region,” states the report.

In terms of product segments, wireless headphones accounted for the largest market revenue at $1.25 billion, while wireless microphones enjoyed the least market share, in 2012. Moreover, wireless sound bar market is expected to grow at the highest compound annual growth rate (CAGR) from 2013 to 2018. For application segment, commercial application sector accounted for the largest market revenue, while other application sector like automotive and defense enjoyed the least market revenue.

The market report features 70 market data tables with 65 figures spread through 241 pages and in-depth table of contents on Products (Wireless Speakers, Wireless Headphones, Wireless Microphones and Sound-Bars), Technology (Bluetooth, Airplay, Wi-Fi and others) and Application (Home, Consumer, Commercial, Automotive & Defense).

This report presents the future of the global market and industry from both technical and market-oriented perspectives with roadmaps until 2018 and detailed analysis of products and forecasts. The report states the evolution of wireless technology is being driven by increasing expectations for high quality sound, unrestricted mobility and aesthetically appealing products. Audio devices “going wireless” include not only home and consumer applications but also commercial, defense and automotive.

According to the report, in 2012, the Americas - with US commanded for largest market share revenue - was the largest region in terms of market revenue and volume shipment for the wireless audio device market. However, Asia–Pacific, with Japan, Australia and China leading the way, is likely to grow at the highest CAGR.

The report profiles 20 players with a SWOT analysis of key players in the wireless audio device market and portraits the competitive landscape where large numbers of new products have been launched and key partnerships have been announced since 2011. Some of the featured key players in the wireless audio device market include Apple, Inc., Avnera Corp., Bluetooth Sig, Inc., Bose Corp., Boston Acoustics, Csr Plc, Harman International Industries, Logitech International S.A., Sennheiser Electronic Gmbh, Shure, Inc., Sony Corp., Standard Microsystems Corp. (Smsc), Philips, Plantronics, Polk Audio, Vizio, Inc., Voxx International, and Yamaha Corp.
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