Europe Wireless Audio Devices Market

Europe 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-18813 Publication Date: November-2023 Number of Pages: 205
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Market Report Description

The Europe Wireless Audio Devices Market would witness market growth of 14.6% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 64,983.4 thousand units, showcasing a growth of 14.7% (2019-2022).

A wireless audio device is a system that offers connectivity, convenience, flexibility, and expandability. The primary driver of wireless audio device adoption is the unparalleled convenience they offer. Wireless headphones and earbuds allow users to listen to their favourite audio content without being tethered to their devices. This freedom of movement has resonated with consumers, making these audio devices a preferred choice. The widespread use of smartphones, which often lack traditional headphone jacks, has accelerated the demand for these devices. As smartphone manufacturers phased out the 3.5mm headphone jack in favour of Bluetooth connectivity, consumers compelled to adopt wireless options.

Wireless audio technology has come a long way in terms of audio quality. Bluetooth codecs, such as aptX and AAC, have significantly enhanced the fidelity of wireless audio transmission, making it comparable to wired connections. This improvement in sound quality has made these devices more attractive to audiophiles. With the proliferation of online media and e-commerce platforms, consumers are increasingly aware of the latest trends and products in the market. Reviews, recommendations, and user experiences shared on the internet have played a pivotal role in driving awareness and adoption.

In Spain, smartphones are used for work-related tasks, and these audio devices are valuable for virtual meetings, webinars, and productivity applications, ensuring clear communication and concentration. The gaming community in Spain is growing, and wireless gaming headsets and audio accessories are in demand among gamers who use smartphones for gaming and communication. Spain has a significant population of audiophiles and music enthusiasts who appreciate high-quality audio experiences delivered by premium wireless audio devices. Due to these aspects, the market will expand across the Europe region in the upcoming years.

The Germany market dominated the Europe Wireless Audio Devices Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,280.9 million by 2030. The UK market is experiencing a CAGR of 13.6% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 15.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Wireless Audio Devices Market will Hit $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))

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

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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