Wireless Audio Market Growth to Be Spurred by Rising Demand for Mobile Devices, Says M&M in Its Cutting-Edge Study Published at MarketPublishers.com11 May 2016 • by Natalie Aster
LONDON – Driven by the rising demand for smartphones and, at the same time, for wireless audio products like speakers, headsets, soundbars and headphones, the global market for wireless audio products is likely to surpass USD 54 billion by 2020, registering a 23.2% CAGR from 2016 till 2022. Furthermore, growth in this market is expected to be driven by rising adoption of various portable devices, ongoing technological advancements, high expenditures on R&D for wireless audio technology by OEMs as well as increasing demand for infotainment services.
Consumer application sector is predicted to see the highest CAR through 2020, driven majorly by upsurge in markets for computers, tablets and smartphones. Wireless audio products are extremely popular nowadays due to the convenience they provide to the users of mobile devices.
Regionally, Americas dominated the global market for wireless audio products in 2015, accounting for a share of around 40%. Meanwhile, the APAC market is anticipated to grow at the highest CAGR through 2020.
Insightful report “Wireless Audio Market” worked out by MarketsandMarkets casts light on the current scenario in the worldwide market for wireless audio products. It delves deep into the main industry performance aspects, reviews the recent development, discusses the key technologies, contains data on research & development activities and new product launches in the wireless audio market. Moreover, trustworthy information on the leading market players is included in this research report. In addition, the study limelights the market growth driving and restraining forces, pinpoints challenges and opportunities. The report offers a detailed market segmentation analysis on the basis of product, technology and application. An in-depth analysis of the market performance (historical and present) and also a future outlook up to 2022 are comprised in the report.
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