Wireless Audio Device Market | Exactitude Consultancy Reports

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Wireless Audio Device Market by Product (Earphones, Headphones, True Wireless Hearables/Earbuds, Speaker Systems, Soundbars, Headsets, Microphones) Technology (Bluetooth, Wi-Fi, Bluetooth + Wi-Fi, Airplay, Others) Application (Home Audio, Commercial, Consumer, Automotive, Others) by Region Global Trends and Forecast from 2022 to 2029

The global wireless audio device market size was valued at USD 38.13 billion in 2020, and projected to reach USD 151.78 billion by 2029, with a CAGR of 16.59% from 2022 to 2029.

Segment Analysis
With a market share of around 55%, wireless speakers represent the biggest subset of the wireless audio device industry. This market sector consists of wirelessly-connected portable speakers, smart speakers, and home audio speakers for use with other audio players, laptops, and other wireless audio sources. The most common kind, which generates around 75% of the segment’s sales, is portable speakers. The rising use of wireless speakers among visitors is one of the key elements that is favorably affecting the segment’s growth.

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