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Wireless Audio Market Worth 54.07 Billion USD by 2022PUNE, India, April 26, 2016 /PRNewswire/ -- According to the new market research report "Wireless Audio Market by Product (Soundbar, Speaker, Headphones, Headset), Technology (Bluetooth, Wi-Fi, Sonos, AirPlay), Application (Home Audio, Consumer, Automotive, Commercial) and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to be worth USD 54.07 Billion by 2022, at a CAGR of 23.2% between 2016 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 70 market data Tables and 57 Figures spread through 152 Pages and in-depth TOC on "Wireless Audio Market".
Early buyers will receive 10% customization on this report. The growth of this market is majorly driven by the growth of the market for smartphones, which are used as a source of entertainment, rise in the adoption of portable devices, high expenditure on R&D for wireless audio technology by OEMs, advancements in technologies, and growing demand for infotainment services. In 2015, speaker systems held the largest market size The main benefit offered by the wireless speaker systems is that there are no wires connecting the speakers to the sound system; hence, there is no need for users to worry about tripping over wires that are connected to the speaker system. Moreover, wireless headsets and microphones keep the user's both hands free due to which the user can perform other tasks. Bluetooth technology is expected to dominate the wireless audio market during the forecast period: Audio streaming through Bluetooth has become the major trend in the wireless audio device market. The wireless audio devices with Bluetooth technology are expected to witness a significant demand in the near future for a higher throughput, more ubiquitous usage, and linking with the Wi-Fi and ultra-wideband (UWB) broadcast technologies. The Americas accounted for the largest share of the wireless audio market in 2015 The Americas accounted for the largest share of the wireless audio market in terms of value as well as volume in 201. In the Americas region, the U.S is at the forefront of commercializing new technologies. The APAC market is expected to grow at the highest CAGR during the forecast period. The APAC, being the most populated region in the world, market for consumer electronics including smartphones, tablets, and wireless audio devices is increasing rapidly because most of the countries in this region are growing at a higher rate. MarketsandMarkets covers the Wireless Audio Market segments on the basis of product: headphones, headsets, speaker systems, soundbars, others; technology: Bluetooth, WI-Fi, AirPlay, sonos, others; application: home audio, consumer, commercial, automotive, others; and geography. A detailed analysis of the regional markets has been done to provide insights of the potential future business opportunities in different regions. Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1275 The key players in this market include, Apple Inc. (U.S.), Bose Corporation (U.S.), Sonos, Inc. (U.S.), Dei Holdings Inc. (U.S.), Harman International Industries, Incorporated (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sennheiser Electronic GmbH & Co. KG (Germany), Sony Corporation (Japan), Vizio, Inc. (U.S.), and Voxx International Corporation (U.S.). Browse Related Reports Wireless Power Transmission Market by Technology (Induction & Magnetic Resonance), Implementation, Receiver & Transmitter Application (Smartphones, Wearable Electronics, Electric Vehicles, & Furniture), and Region - Global Trend & Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/wireless-power-market-168050212.html In-Building Wireless Market by System Components (Antennas, Cabling, DAS, Repeaters, Small Cells), Business Models (Carrier, Enterprise, Host), Building Size (Large & Medium, Small), Building Type, End Users, & Regions - Global Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/in-building-wireless-market-5365177.html
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. Contact: Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets SOURCE MarketsandMarkets 
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