Wireless Audio Device Market is expected to reach $13.75 Billion by 2018

Introduction: Wireless computer accessories are becoming quite popular among youth. Be input devices like mouse, keyboard, pointer or multimedia accessories like projectors and wireless audio devices. Computers are not a stationary household workplace anymore. People prefer to use their PCs simultaneously, in different places and different purposes all without wires. Obviously the wireless streaming of audio and video is the next step through a home wi-fi network. The technology behind any wireless audio device is the same wireless technology in general – a transmitter is connected to a source device (e.g. a computer, tablet, or DVD player) from which information is sent to a receiver on a second device (e.g. an external stereo system, home theatre, or a car stereo).

Current Scenario in Wireless Audio Device Industry: Wireless audio device industry is one of the booming industries in the electronics market. The wireless connectivity to stream and play music is the essence of the wireless audio device industry. Because of the low power consumption, relatively cheap rates & freedom of movement, the demand for such devices is increasing in the domestic as well as commercial sector such as the defense and automotive sector.  The wireless audio device market consists of wireless speakers, sound bars, headphones, and microphones and the various technologies exploited to achieve wireless connectivity are Bluetooth, Airplay, IR & RF, and SkAA.

                                         Source: http://www.audiopro.com/

Wireless Audio Devices Benefits:

1.       No burden of physical wires.

2.       Listening to music at different places.

3.       Available space by doing away with CDs/DVDs.

4.       Avoiding household friction.

5.       Portability and mobility.

Future trends in Wireless Audio Device Industry: According to a new market research report by MarketsandMarkets, the total market is expected to generate revenues of $13.75 billion by 2018, growing at an estimated CAGR of 24.02% from 2013-2018. Tremendous advancement is expected in the use of wireless audio devices in future because of the customers’ ever increasing expectations for high quality sound and unrestricted mobility of audio devices. This report by MarketsandMarkets, describes the market trends, drivers, restraints and opportunities of the wireless audio device market and forecasts the market to 2018, based on product, application, and geography. Bose Corporation (U.S.), Harman International Industries (U.S.), Sennheiser Electronic Gmbh (Germany), Sony Corporation (Japan), Philips (The Netherlands), Voxx International (U.S.), Shure, Inc. (U.S.) Vizio, Inc. (U.S.), Plantronics, Inc. (U.S.) and Polk Audio (U.S.) are some of the key players in the wireless audio device market.

Conclusion: Thrive for electronic devices, which are independent of wires is increasing and wireless audio devices are becoming a rage among people. More and more people are realizing the benefits of the wireless audio devices and opting for setting up a system that can transmit audio wirelessly. There are also various firms that specialize in providing sophisticated integrated wireless audio device systems. Otherwise, simple wireless devices are widely available in the market as well as on the online marketplaces such as eBay, Flipkart etc.