United States Wireless Audio Devices Industry Research Report to 2032
ID: MRFR/SEM/11836-US | 100 Pages | Author: MRFR Research Team| December 2023
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ID: MRFR/SEM/11836-US | 100 Pages | Author: MRFR Research Team| December 2023
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US Wireless Audio Devices Industry Highlights & Dynamics
North America stands as the predominant force in the global wireless audio devices market, both in terms of volume and value, a trend expected to persist in the forecasted period. This dominance is primarily attributed to the lower cost of consumer equipment in the region. Furthermore, the burgeoning smart home trend in North America contributes significantly to the growth of the wireless audio device market.Within North America, the United States takes the lead, accounting for a substantial 92.1% market share in 2015. The shipment of wireless audio devices in the U.S., which reached 21.78 million units in 2015, is anticipated to reach 26.41 million units by the end of 2016 and is projected to further escalate to 66.89 million units by 2022, reflecting a robust CAGR of 16.8%.
In terms of revenue, the U.S. also claims the top spot, constituting 91.8% of the market share in 2015. The U.S. wireless audio device market, valued at $5,739.16 million in 2015, is poised to reach $12,629.24 million by 2022, registering a notable CAGR of 11.3%.
The U.S. not only dominates in volume and value within North America but is expected to maintain its leadership throughout the forecasted period. This is attributed to a significant shift among music enthusiasts from physical CDs to digital music files in the country. Audio products, including car audio, portable audio, and home audio, now integrate cloud-based music streaming and playback of downloaded music services. The prevalence of music streaming and storage-enabled smartphones has led to a decline in the sales of MP3 players. Key players in the U.S. wireless audio device market include Bose Corporation, Sony Corporation, Apple Inc., Harman International Industries Incorporated, VIZIO Holdings Inc., Shure Incorporated, VOXX International Corporation, and Sennheiser Electronic GmbH & Company KG.
North America, spearheaded by the United States, commands a dominant position in the global wireless audio devices market, fueled by a combination of cost advantages and the widespread adoption of smart home technologies. The U.S., in particular, remains at the forefront of this market, with substantial growth projected in both shipment volume and revenue. As consumer preferences evolve, with a greater emphasis on digital music formats and smart audio solutions, the wireless audio device market in North America is poised for sustained expansion.
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