Global Sound Bar Wireless Audio Device Market – Industry Trends and Forecast to 2029

Sound Bar Wireless Audio Device Market Analysis and Size

The growing technology of wireless audio device products with diverse applications, such as consumer, commercial, automotive, and others, are also major factors driving the wireless audio device market's growth. Furthermore, the increasing demand for smartphones as a source of entertainment, consumer preferences for portable devices, and advancements in wireless technologies are driving growth in this market.

Data Bridge Market Research analyses that the sound bar wireless audio device market was valued at USD 69.21 billion in 2021 and is expected to reach the value of USD 251.46 billion by 2029, at a CAGR of 17.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Sound Bar Wireless Audio Device Market Scope and Segmentation

Market Definition

Wireless audio devices that are commonly used include wireless headphones, microphones, speakers, sound bars, audio systems, radio tuners, and other wireless audio equipment. These accessories are compatible with smartphones, laptops, desktop computers, and gaming consoles. Wireless audio systems use wireless platforms such as radiofrequency, Bluetooth, infrared, airplay, SKAA, and Wi-Fi to stream music from audio-enabled devices to wireless output systems. They are used to stream media in real time from audio-enabled devices to output systems. These devices also improve users' connectivity, flexibility, and convenience. As a result, they're common in the commercial, consumer, automotive, and defence industries.

Drivers

• High adoption of wireless technologies among consumers

Due to the convenience provided, particularly in terms of portability, adoption of wireless technology-enabled solutions or products has increased rapidly in recent years. Wireless technologies such as Bluetooth, WI-Fi, WiSA, and Airplay are currently used for audio transmission between devices. Wireless connectivity technology provides numerous benefits, including mobility, ease of installation, lower costs, and user support. In addition, many audio devices, such as earbuds, are transitioning to dual-mode operation. All of these benefits boost wireless connectivity technology's market appeal.

• High penetration of smart devices around the world

Smart device penetration, such as smartphones, tablets, laptops, streaming media players, and other devices, is expected to drive demand for wireless earphones and wireless stereo headphones. Smartphone adoption has increased significantly in recent years, as smartphones have become an essential part of daily life and phone capabilities and new services continue to evolve. OnePlus, for instance, is focusing on wireless connected devices and introducing new smartphones which are only connected with wireless earphone devices. During the forecast period, this is expected to drive the the sound bar wireless audio device market share.

Opportunities

• Usability in day to day activities

The growing trend of using wireless headphones while exercising, driving, or doing other activities, as well as increased investments in R&D, are opportunities for the global sound bar wireless audio device market.

Restraints

• High cost and low profit

The device's range of connectivity is a growing issue in the sound bar wireless audio device market. In addition, there is a significant difference in the market today between wired and wireless earphones. Many tech enthusiasts believe that the price difference will deter many potential buyers.

This sound bar wireless audio device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sound bar wireless audio device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Sound Bar Wireless Audio Device Market

Lockdowns in major and most countries around the world, combined with diseases, have effectively shut down many industries for several months. That way, the actual effects of the disease on the sound bar wireless audio device market can be understood. Wireless headphones are a high-end accessory. The majority of consumers are interested in this device. Since the covid-19 has disrupted supply channels, social distancing has reduced the workforce. It has also reduced market demand because people in several countries have reduced their per capita expenditure. In such a case, the pandemic has had an impact on the sound bar wireless audio device market. However, markets began to normalise soon after the lockdowns were lifted. As a result, the prospect of tremendous growth in the near future remains promising.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In April 2022 OnePlus launched OnePlus Buds N to expand its product portfolio. The OnePlus Buds N features a flat stem. The device is available in two colours: white and black, and the earbuds have 12.4mm dynamic drivers that provide ultra-clear sound.
• On January 19, 2022 Noise expanded its audio portfolio, with the release of a new Bluetooth-enabled gaming neckband. The Noise Combat wireless headphones are equipped with ENC (Environmental Noise Cancellation) technology.
• On December 1, 2021 Imagine Marketing Limited (boAt) released its new Bluetooth earphones, the Boat Rockerz 330 Pro. This is the first pair of Bluetooth neckband earphones that claim to provide 60 hours of music playback on a single charge.

Global Sound Bar Wireless Audio Device Market Scope

The sound bar wireless audio device market is segmented on the basis of technology, functionality and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Smart Devices
• Non-Smart Devices

Applications

• Home Audio
• Commercial
• Consumer
• Automotive
• Other

Functionality

• Bluetooth
• Wi-Fi
• Bluetooth Wi-Fi
• AirPlay
• Radio Frequency
• Others

Sound Bar Wireless Audio Device Market Regional Analysis/Insights

The sound bar wireless audio device market is analysed and market size insights and trends are provided by country, technology, functionality and application as referenced above.

The countries covered in the sound bar wireless audio device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The global sound bar wireless audio device market was dominated by North America. The North American market is being propelled by an increase in smartphone users as well as technological advancements in wireless earphones. This market is expected to grow rapidly in order to meet consumers' implicit needs. In comparison to the total population, the United States had approximately 72% of smartphone users. This is expected to open up new opportunities for manufacturers in the North American sound bar wireless audio device market.

The sound bar wireless audio device market in China and Japan is expected to expand at the highest rate as smartphone penetration rises. India and China lead the global smartphone rankings, with 60% and 44% of the total population, respectively.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Sound Bar Wireless Audio Device Market Share Analysis

The sound bar wireless audio device market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sound bar wireless audio device market.

Some of the major players operating in the sound bar wireless audio device market are:

• Apple Inc. (U.S.)
• HARMAN International. (U.S.)
• Koninklijke Philips N.V., (Netherlands)
• Skullcandy.eu (U.S.)
• Motorola Mobility LLC. (U.S.)
• SAMSUNG (South Korea)
• Bose Corporation (U.S.)
• Sony Electronics Corporation (Japan)
• Xiaomi (China)
• Audio-Technica Corporation (Japan)
• Dell Inc. (U.S.)
• GN Store Nord A/S (Denmark)
• Koss Corporation (U.S.)
• Logitech. (Switzerland)
• Microsoft (U.S.)
• Plantronics, Inc. (U.S.)
• Sennheiser electronic GmbH & Co. KG (Germany)
• ClearOne Inc. (U.S.)

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