Wireless audio devices market worth USD33m by 2022

Research and Markets has released the addition of the “Global Wireless Audio Devices Market Analysis & Forecast, From 2016 To 2022” report to their offering, estimating that the global wireless audio devices market will reach a value of USD33.177 million by 2022, the company said.

The wireless audio device market is expected to grow at a significant rate during the forecasted period between 2016 and 2022 due to the growing leisure and hospitality sector and increasing use of wireless devices in consumer applications. Increasing acceptance of smart phones as a source of entertainment among the consumers, advancements in wireless technologies and rising expenditure on semiconductor for wireless devices are some of the factors driving the growth of wireless audio device market.

The ongoing changes in the industry has led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global wireless audio device market through the forecast period. The market numbers plays an important role in the industry, following which a proper market sizing & estimation by products (sound bars, wireless headsets, wireless microphones and wireless speaker systems), by applications (consumer application, commercial application, automotive, and security and defense), by technology (Airplay, Bluetooth, wi-fi, and others) and by geographical location has been undertaken for the industry.