The Wireless Audio Device Market is projected to reach from USD 56.5 billion in 2024 to USD 70.9 billion by 2029; it is expected to grow at a CAGR of 4.7% from 2024 to 2029. The market for wireless audio devices is rapidly expanding due to a variety of causes, including technological advancement, changing consumer tastes, and an increased need for convenience and mobility.
Apple Inc (US), SAMSUNG (South Korea), Bose Corporation (US), Sonos, Inc. (US), Sony Corporation (Japan), Masimo (US), Sennheiser electronic SE & Co. KG (Germany), VOXX International Corp.(US), VIZIO, Inc. (US), Marshall Group AB (Sweden), GN Store Nord A/S (Denmark), Plantronics, Inc.(US), Xiaomi (China), Bang & Olufsen (Denmark), Yamaha Corporation (Japan), LG Electronics (South Korea) Imagine Marketing Limited (India), Shure (US), DALI (Denmark), Jaybird (US), Anker Innovations (China), Razer Inc. (US), HP Development Company, L.P. (US), Edifier (China) and Nothing Technology Limited (England) are some of the key players in the Wireless Audio Device Market. Product launches and developments have been the most dominating strategy adopted by the key players from 2020 to 2023 to help them broaden their customer base.
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Major Wireless Audio Device companies include:
Apple Inc.d
Apple Inc. leads the global industry in the development of electronic devices, covering areas such as mobile communication, media gadgets, personal computing, and digital music players. The company's extensive range of products includes the iPhone, iPad, Mac, iPod, Apple Watch, and Apple TV. Additionally, Apple offers a variety of software, accessories, networking solutions, third-party digital content, applications, and services. Key software offerings from Apple include iOS, macOS, watchOS, tvOS, iCloud, and Apple Pay. Apple's products and services reach a global audience through several channels, including physical retail stores, online platforms, a dedicated sales team, and partnerships with cellular carriers, wholesalers, retailers, and value-added resellers. The company also provides services like advertising, AppleCare, cloud services, digital content, and payment services.
Bose Corporation
Bose Corporation, an American manufacturer known for its audio equipment, was founded by Amar Bose in 1964 and is headquartered in Framingham, Massachusetts. The company focuses on engineering, designing, developing, researching, marketing, and retailing sound systems with the aim of creating technologies that offer genuine benefits to customers. Over the decades, Bose has introduced numerous innovations that have impacted various industries and transformed audio categories. Bose's products are recognized for their influence on how people listen to music, whether at home, in vehicles, on the go, or in public spaces. Their latest noise-cancelling headphones feature audio augmented reality platforms and a 4-microphone system that enhances voice clarity while reducing background noise.
Sony Corporation
Sony Corporation engages in the development, design, production, and sale of a wide range of electronic equipment, instruments, and devices for consumer, professional, and industrial markets. This includes network services, game hardware and software, televisions, audio and video recorders and players, cameras, mobile phones, and image sensors. The company also develops, produces, and distributes recorded music, manages and licenses song lyrics and music, and produces and distributes animation titles and game applications based on these titles. Additionally, Sony is involved in the production, acquisition, and distribution of motion pictures and television programming, as well as the operation of television and digital networks. Furthermore, Sony offers various financial services, including life and non-life insurance through its Japanese subsidiaries and banking services through a Japanese internet-based bank.
Sonos, Inc.
Sonos, Inc. is an American developer and manufacturer of audio products; the company is best known for its multi-room audio products. It was founded in 2002 and is headquartered in Santa Barbara, California. Sonos is a leading company in sound experiences. As the pioneer of multi-room wireless home audio, Sonos enhances the listening experience by providing access to beloved content and offering flexible control options. Renowned for its exceptional sound quality, elegant design, user-friendliness, and open platform, Sonos ensures a wide range of audio content is accessible to all.
Related Reports:
Wireless Audio Device Market by Product (True Wireless Hearables/Earbuds, Headsets, Earphones), Technology (Bluetooth, Airplay, Wi-Fi), Application (Consumer, Home Audio, Automotive), Functionality (Smart, Non-smart) and Region - Global Forecast to 2029
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