Wireless Audio Devices Market ? Survey on Emerging Opportunities

Posted by RASHMI on April 4th, 2019

Wireless audio devices use audio technologies such as Wi-Fi, Bluetooth, Airplay, and WiSA to play the music sourced from a computer or other portable devices. These devices are commonly available in the form of Bluetooth speakers, Wi-Fi multiroom speakers, and sound bars.

The increasing inclination towards streaming services such as Pandora, Deezer, and Spotify is driving the global wireless audio devices market. The widening base of youth population is positively impacting the growth of the market. 

The growing popularity of wireless technology enabled products is providing a significant boost to the global demand for wireless audio devices. These devices are being increasingly acknowledged for their compact design and convenience offered by them. The spiraling demand for infotainment in the automotive industry is augmenting the growth of the global wireless audio devices market. In addition, the increasing implementation of the Internet of Things (IoT) in automobiles and is working in favor of the market. 

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The rising penetration of smartphones, tablets, and other smart devices with inbuilt high-tech players is also adversely affecting the sales of dedicated MP3. However, the hospitality and leisure industries are likely to provide a fertile ground for the growth of the market. Furthermore, rapid advancements in wireless audio technologies are unfolding ample growth opportunities for the market.