DUBLIN--(BUSINESS WIRE)--The "Wireless Audio - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Wireless Audio Market to Reach $37.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Wireless Audio estimated at US$20.9 Billion in the year 2020, is projected to reach a revised size of US$37.4 Billion by 2027, growing at a CAGR of 8.7% over the analysis period 2020-2027.
Home Audio, one of the segments analyzed in the report, is projected to record a 9.5% CAGR and reach US$16.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 7.9% CAGR for the next 7-year period.
The U. S. Market is Estimated at $5.7 Billion, While China is Forecast to Grow at 11.7% CAGR
The Wireless Audio market in the U.S. is estimated at US$5.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR.
Consumer Segment to Record 8.6% CAGR
In the global Consumer segment, USA, Canada, Japan, China and Europe will drive the 8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3 Billion in the year 2020 will reach a projected size of US$5.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.3 Billion by the year 2027, while Latin America will expand at a 10% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Apple, Inc.
- DEI Holdings, Inc.
- Harman International Industries, Inc.
- Koninklijke Philips NV
- Sony Corporation
- VOXX International Corporation
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Wireless Audio Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- Wireless Audio Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
- Wireless Audio Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
- Wireless Audio Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
- Home Audio (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
- Home Audio (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
- Home Audio (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
- Commercial (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
- Commercial (Application) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
- Commercial (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
- Consumer (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
- Consumer (Application) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
- Consumer (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
- Automotive (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
- Automotive (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
- Automotive (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
- Other Applications (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
- Other Applications (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
- Other Applications (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
- Market Facts & Figures
- Wireless Audio Market Share (in %) by Company: 2019 & 2025
- Market Analytics
- Wireless Audio Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
- Wireless Audio Historic Demand Patterns by Application in US$ Million for 2012-2019
- Wireless Audio Market Share Breakdown by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
- Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/8jytwj
