wireless audio devices market is expected to register a 26.1% CAGR over the forecast period / USD 24.2 Billion by the end of 2024

(AmericaNewsHour via Comtex)

Recent report published by Research Nester titled “Wireless Audio Device Market: Global Demand Analysis & Opportunity Outlook 2024″delivers detailed overview of the global wireless audio devices market in terms of market segmentation by product type, by technology, by application and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global  wireless audio devices market is segmented into product type such as wireless headsets & microphones, wireless speaker systems, sound bars, others (A/V receivers, power amplifiers etc.). Among these segments, wireless headsets & microphones segment is expected to grow at remarkable pace during the forecast period. Increasing penetration of smartphones is a major factor which is fueling the growth of this segment.

The Final Report will cover the impact analysis of COVID-19 on this industry @ https://www.researchnester.com/sample-request-369

Global wireless audio devices market is expected to register a 26.1% CAGR over the forecast period. The global wireless audio device market is projected to reach at a valuation of about USD 24.2 Billion by the end of 2024. The market is expected to witness significant growth during the forecast period owing to a number of factors such as rising disposable income of the consumers and increasing use of in-vehicle infotainment devices.

The consumer segment by application is likely to grow at a remarkable pace during the forecast period. Spiked penetration of smart devices such as smart phones, tablets, smart TVs and others is anticipated to be the dynamic factor behind the growth of this segment in near future.

Increasing utilization of wireless audio speakers in commercial places

Rising applications of wireless audio speakers in commercial sectors such as media and entertainment, education and corporate sectors is envisioned to drive the growth of market at significant pace during the forecast period.   Further, utilization of wireless audio speakers in events such as sport events and others is also fuelling the growth of market.

Rapid technological advancements                   

Wireless audio devices are offering features such as easy and quick audio transmission, wireless operation, and ease of installation. Further, growing technological advancements with wireless audio devices to enhance experience of consumers is likely to foster the growth of global wireless audio device market during the forecast period.

However, high cost associated    wireless audio devices as compared to other audio devices and presence of other alternatives such as wired audio speakers are some of the factors that are likely to inhibit the growth of wireless audio devices market in the near future.        

This report also provides the existing competitive scenario of some of the key players of the global wireless audio devices market which includes company profiling of Koninklijke Philips N.V. , Sony Corporation, Apple Inc., Samsung Electronics, Beats Electronics, Bose Corp., Jawbone, LG Electronics, Harman Kardon and Jabra.

Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-369

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global wireless audio devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester:

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:

AJ Daniel

Email: [email protected]

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

The post wireless audio devices market is expected to register a 26.1% CAGR over the forecast period / USD 24.2 Billion by the end of 2024 appeared first on America News Hour.

comtex tracking