Asia Pacific Wireless Audio Devices Market

Asia Pacific Wireless Audio Devices Market Size, Share & Industry Trends Analysis Report By Functionality, By Application, By Technology (Bluetooth, Wi-Fi, Bluetooth + Wi-Fi, Airplay, and Others), By Product, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-18812 Publication Date: November-2023 Number of Pages: 209
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Market Report Description

The Asia Pacific Wireless Audio Devices Market would witness market growth of 15.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,19,363.0 thousand units, showcasing a growth of 15.4% (2019-2022).

Wireless earbuds designed for fitness enthusiasts offer features like water and sweat resistance, secure fit, and in-ear heart rate monitoring. These devices cater to individuals who want to track their workouts and stay motivated with music or coaching. For audiophiles, high-end wireless audio devices provide an exceptional listening experience, often supporting lossless audio codecs like LDAC. These devices cater to those who demand the highest audio quality without sacrificing the convenience of wireless connectivity. Wireless portable speakers are used for outdoor gatherings, picnics, and parties. They are also essential for public events, where clear and wireless audio is required.

The market is used to transmit and receive various audio signals through wireless technologies, namely, Wi-Fi, Bluetooth, and Airplay, among others. Wireless headphones, microphones, speakers, sound bars, audio systems, radio tuners, and others are various types of audio devices available in the market. The main reasons propelling the market are the growing use of mobile devices, the increasing penetration of infotainment devices, and the expanding uses of these devices in the commercial sector, including contact centers, events, and shows. Concerning the frequency spectrum of audio devices, the government has enforced rigorous regulations.

According to the International Trade Administration, the e-commerce sector in Japan has been expanding consistently, with $163.5 billion in sales in 2018. Many e-commerce platforms in Japan feature user reviews and ratings, which can influence consumer decisions. Positive reviews and high ratings can boost the reputation of these audio devices. Cross-border e-commerce platforms enable Japanese consumers to access a wider range of products globally, including wireless audio devices. All these factors will uplift the regional market’s expansion in coming years.

The China market dominated the Asia Pacific Wireless Audio Devices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $21,248.5 million by 2030. The Japan market is showcasing a CAGR of 14.8% during (2023 - 2030). Additionally, The India market would register a CAGR of 16.3% during (2023 - 2030).

Based on Functionality, the market is segmented into Non-smart Devices, and Smart Devices. Based on Application, the market is segmented into Residential/Individual, Commercial, Automotive, and Others. Based on Technology, the market is segmented into Bluetooth, Wi-Fi, Bluetooth + Wi-Fi, Airplay, and Others. Based on Product, the market is segmented into True Wireless Hearables/Earbuds, Headsets, Speaker Systems, Headphone, Earphone, Soundbars, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Global Wireless Audio Devices Market is Predict to reach $206.3 Billion by 2030, at a CAGR of 15.2%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple Inc., Bose Corporation, GN Store Nord A/S (GN Hearing A/S), Harman International Industries, Inc. (Samsung Electronics Co., Ltd), Logitech International S.A, Olympus Corporation, Sony Corporation, Xiaomi Corporation, Panasonic Holdings Corporation, Shure, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Functionality (Volume, Thousand Units, USD Billion, 2019-2030)

  • Non-smart Devices
  • Smart Devices

By Application (Volume, Thousand Units, USD Billion, 2019-2030)

  • Residential/Individual
  • Commercial
  • Automotive
  • Others

By Technology (Volume, Thousand Units, USD Billion, 2019-2030)

  • Bluetooth
  • Wi-Fi
  • Bluetooth + Wi-Fi
  • Airplay
  • Others

By Product (Volume, Thousand Units, USD Billion, 2019-2030)

  • True Wireless Hearables/Earbuds
  • Headsets
  • Speaker Systems
  • Headphone
  • Earphone
  • Soundbars
  • Others

By Country (Volume, Thousand Units, USD Billion, 2019-2030))

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Apple Inc.
  • Bose Corporation
  • GN Store Nord A/S (GN Hearing A/S)
  • Harman International Industries, Inc. (Samsung Electronics Co., Ltd)
  • Logitech International S.A
  • Olympus Corporation
  • Sony Corporation
  • Xiaomi Corporation
  • Panasonic Holdings Corporation
  • Shure, Inc.
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