Wireless Audio Devices Market to See Robust Growth through 2027, Predicts MRFR in Its New Research Study Available at MarketPulishers.com31 Jul 2017 • by Natalie Aster
LONDON – The world’s market for wireless audio devices has been keeping to a steady growth trend during the past few years owing to the increasing implementation of wireless devises in different sectors along with the escalating demand for consumer electronics. The enhancing penetration of wireless devices in the commercial sector is one of the key growth engines of the wireless audio device market.
Today, consumer electronics is a profitable industry that is constantly increasing as companies introduce novel products and technologies for wireless audio devices. The rising population number, enhancing consumer preference for wireless accessories and remarkable technological advances are propelling growth in the consumer electronics sector.
Globally, the wireless audio device market is projected to increase from USD 12.5 billion in 2016 to reach USD 70.4 billion by 2027, witnessing robust growth at a 17% CAGR.
On the basis of products, the wireless speaker systems grab the biggest chunk of the overall wireless audio device market; as of 2016, this sector generated appr. USD 4.48 billion. Meantime, the sound bar sector is predicted to exhibit the highest growth rates through 2027.
The cutting-edge research study “Global Wireless Audio Device Market Research Report- Forecast 2027” prepared by Market Research Future (MRFR) comprises a detailed, unbiased analysis of the market landscape, dynamics and top trends; highlights the major factors shaping this market as well as identifies the key growth threats and opportunities. Besides, this report includes Porter’s Five Forces analysis, presents an insightful overview of the main market segments based on products, geography, technologies. Moreover, offers strategic profiling of the leading players, discusses the competitive pressures, reviews the recent industry developments and gives a future outlook through 2027.
Follow to the MRFR page at MarketPublishers.com to find many other research reports elaborated by this company.