CHICAGO, Aug. 5, 2024 /PRNewswire/ -- The Wireless Audio Device Market is projected to reach from USD 56.5 billion in 2024 to USD 70.9 billion by 2029; it is expected to grow at a CAGR of 4.7% from 2024 to 2029 according to a new report by MarketsandMarkets™. The upsurge is driven by rising demand for portable and high-quality audio solutions across multiple industries, such as personal entertainment, professional audio, and smart home applications.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1275

Browse in-depth TOC on "Wireless Audio Device Market"

160 – Tables
60 – Figures
230 – Pages

Wireless Audio Device Market Report Scope:

By Product: True Wireless Hearables/EarPods is projected to grow at the highest CAGR during the forecast period.

Bluetooth technology has evolved rapidly, resulting in smaller, more efficient, and cost-effective true wireless stereo (TWS) earphones. These developments enable characteristics such as noise cancellation, echo reduction, and increased battery life, which makes them more desirable to consumers. Consumers seek easy audio solutions that improve efficiency and fun when working from home or exercising. The compatibility of earbuds with smartphones and other electronics provides seamless interaction, which is especially appealing to tech-savvy people.

By Technology: Bluetooth technology to account for the highest CAGR during the forecast period.

Bluetooth technology is becoming increasingly popular in wireless audio devices for a variety of reasons. Bluetooth connections eliminate the need for unwieldy cords, allowing headphones, speakers, and earbuds to move about more easily. Furthermore, newer Bluetooth versions provide longer range and more robust connections, decreasing dropouts and interference even in high-density wireless situations. Bluetooth technology includes unique features such as multipoint connectivity, which allows users to connect to many devices at the same time and provides seamless transitions between audio sources.

By Application: The consumer application is projected to register the highest CAGR during the forecast period.

The consumer market is experiencing an increase in demand for Bluetooth wireless headphones and earbuds intended for personal usage. Individuals can engage in a variety of activities, such as workouts, commutes, and everyday routines, without being limited by physical connections. The consumer application segment is gaining market share due to rising demand for home entertainment systems, shifting consumer preferences, the growing popularity of wireless headphones and earbuds, widespread adoption of smartphones and portable devices, and the expansion of smart homes and multi-room audio systems.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1275

By Region: Asia Pacific to hold larger wireless audio device industry share in 2023.

The Asia Pacific region has large numbers of people and a fast-growing middle class, which fuels significant demand for sophisticated audio solutions such as wireless headphones, earbuds, and speakers. The growing use of wireless audio devices in business settings such as call centers, events, and exhibitions is driving market expansion in Asia Pacific. The increasing ubiquity of smartphones and other smart gadgets that operate as audio sources, adding to the growing need for wireless audio devices in Asia Pacific.

The major players in the wireless audio device companies include Apple Inc (US), SAMSUNG (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1275

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Smart Speaker Market by IVA (Alexa, Google Assistant, Siri, DuerOS, Ali Genie), Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone) and Software), Application, and Region - Global Forecast to 2025

Audio Amplifier Market by Channel Type (Mono, Two, Four, Six), Device (Smartphones, Television Sets, Desktops & Laptops, Home Audio Systems, Professional Audio Systems, Automotive Infotainment Systems), End-user Industry, Region - Global Forecast to 2024

Wireless Power Transmission Market by Technology (Induction, Magnetic Resonance), Implementation, Transmitter, and Receiver Application (Smartphones, Electric Vehicles, Wearable Electronics, and Furniture) and Geography - Global Forecast to 2022

Hi-Fi System Market by System (Product, Device), Connectivity Technology (Wired, Wireless (Bluetooth, Wi-Fi, Airplay, Others)), Application (Residential, Automotive, Commercial, Others), and Geography - Global Forecast to 2025

Smart Home Market by Product (Lighting Controls, Smart Speaker, Entertainment, Smart Kitchen, HVAC Controls, Security & Access Controls), Offering (Behavioural, Proactive), Sales Channel, Installation Type and Region - Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/wireless-audio-device-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/wireless-audio-device.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wireless-audio-device-market-worth-70-9-billion-by-2029---exclusive-report-by-marketsandmarkets-302214154.html