Global Wireless Audio Market Witness and Outstanding Growth by 2025 | Ozone Market Reports

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The Global Wireless Audio Market was valued at USD 16.23 billion in 2016 and is projected to reach USD 38.65 billion by 2025, growing at a CAGR of 10.12% from 2017 to 2025. 

Wireless Audio uses a radio-frequency transmitter to convey an audio signal to a radio receiver Wireless audio lets users avoid physical cables in order to transmit audio from a smartphone to a speaker. Benefits of wireless audio include – helps you to get rid of wires, streaming video to comfortable places, portability and mobility, low bandwidth requirement, low battery consumption, and lossless transmission of sound.

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Market Dynamics:
1. Market Drivers
1.1 Increasing demand for portable devices
1.2 Technological advancements in wireless solutions
1.3 Rising demand for smartphones as a source of entertainment
1.4 Rise in on-demand music streaming services
1.5 Growing usage of wireless audio devices in the hospitality and leisure sector
2. Market Restraints
2.1 Requirement of high quality audio
2.2 Negative health effects on users

Market Segmentation:
The Global Wireless Audio Market is segmented on the technology, product, application, and region.

1. Technology:
1.1 Bluetooth + WiFi
1.2 AirPlay
1.3 Radio Frequency
1.4 Bluetooth
1.5 Wi-Fi 

2. By Product:
2.1 Microphones
2.2 Speaker Systems
2.3 Soundbars
2.4 Headphones
2.5 Headsets 

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3. By Application:
3.1 Automotive
3.2 Home Audio
3.3 Commercial
3.4 Consumer 
3.4.1 Laptops/Computers
3.4.2 Gaming Consoles
3.4.3 Smartphones
3.5 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America) 
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Samsung Electronics Co., Ltd. 
2. Voxx International Corporation 
3. Bose Corporation 
4. DEI Holdings, Inc. 
5. Vizio, Inc.
6. Sennheiser Electronic GmbH & Co. Kg 
7. Apple Inc. 
8. Sony Corporation 
9. Harman International Industries, Incorporated 
10. Sonos, Inc. 
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Ozone Market Reports is a research-based consulting firm specializing in getting research inputs and using them appropriately in the marketing planning process. In saying this, we are trying to convey that we always attempt to interpret the research data from the viewpoint of recommending action priorities - both short-term and long-term. To this end, we have put together a team that understands not only research techniques, but also branding concepts in depth. We believe our people are our clients' biggest assets hence we do our best to recruit multi-skilled individuals, and then give them an environment where they can think and ideate freely.
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