LAMEA Wireless Audio Devices Market

LAMEA 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-18814 Publication Date: November-2023 Number of Pages: 205
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Market Report Description

The Latin America, Middle East and Africa Wireless Audio Devices Market would witness market growth of 17.4% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 58,954.0 thousand units, showcasing a growth of 19.6% (2023-2030).

The penetration of infotainment devices such as televisions, PCs, mobile phones, laptops, tablets, and in-vehicle infotainment devices has increased in recent years, thereby increasing the need for mobile accessories. Consumer demand for mobility services for seamless connectivity and simple access to information and resources has surged recently. Individuals are increasingly adopting mobility solutions, including cloud services, the bring-your-own-device (BYOD) trend, mobile devices, and wireless services. The increased prevalence of these devices can be attributed to their sophisticated attributes, which include portability, user-friendly management, and remote accessibility for audio communication. By providing effortless and rapid audio transmission, wireless operation, and easy installation, these devices improve the customer experience. The market is anticipated to be propelled by the rising consumer demand for mobile services.

In the corporate world, these audio devices are crucial in telecommunication and conferencing. Wireless Bluetooth headsets and speakerphones enable professionals to make calls and participate in video conferences without the hassle of cords, offering greater flexibility and convenience. The healthcare sector has also witnessed the integration of wireless audio technology in the form of wireless hearing aids. These devices provide hearing-impaired individuals with improved sound quality and connectivity to other devices, such as smartphones and televisions. Wireless audio technology has made its way into the automotive industry, with Bluetooth connectivity being a standard feature in many modern vehicles. Drivers can connect their smartphones to the car's audio system, enabling hands-free calls and music streaming.

Podcasts and audiobooks have gained traction in South Africa, prompting users to seek comfortable and portable audio solutions to enjoy spoken content. South African users often require noise isolation and cancellation features to enjoy audio content in busy urban environments, making wireless headphones with these capabilities highly sought after. In South Africa, many wireless audio devices allow users to connect to multiple devices simultaneously, providing flexibility for various audio sources, including smartphones, tablets, and laptops. The factors mentioned above will drive the regional market growth.

The Brazil market dominated the LAMEA Wireless Audio Devices Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,348.9 million by 2030. The Argentina market is registering a CAGR of 18% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 17% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Wireless Audio Devices Market is Projected to reach USD 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))

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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