QYResearch: The global market for WiFi Wireless Speakers is projected to reach US$ 5847.15 million by 2022
Wireless speakers are loudspeakers which receive audio signals using radio frequency (RF) waves rather than over audio cables. The two most popular RF frequencies that support audio transmission to wireless loudspeakers include a variation of WiFi IEEE 802.11 while others depends on Bluetooth to transmit audio data to the receiving speaker.
Wi-Fi is almost as ubiquitous as Bluetooth, but not quite. WiFi is sometimes referred to by its technical label, IEEE 802.11. Most smartphones, tablets and laptops have WiFi onboard. WiFi has a greater range than Bluetooth – perhaps as much as 120 feet indoors, but the actual range may be less.
The growth of the market for WiFi Wireless Speakers can be attributed to the continuous technological innovations in home audio devices and growing consumer demand for high-performance home theater experience owing to increased disposable income. In addition, developments in Wi-Fi speakers, and dedicated speaker docks are expected to increase consumer spending on audio equipment to enhance audio quality. Suppliers and manufacturers of such equipment are increasingly focusing on expanding in the market by making these systems user friendly and visually less intrusive. Also, there is an increasing demand for portable audio equipment, which has the ability to stream high-quality audio content from the Internet. Therefore, the advancements in digital technology, with changing media options from conventional to modern system, are contributing to the growth of the market for WiFi Wireless Speakers.
The North America to hold the largest share of the WiFi Wireless Speakers market in 2017
The WiFi Wireless Speakers market in the North America is likely to be driven by the increase in sale and installation of home entertainment devices. The growing population of music listeners, increasing digital music sales, and popularity of the audio & video entertainment segment are expected to influence the regional market positively over the next decade. The US is at the forefront of installing and buying the upcoming technologies such as home entertainment systems.
According to QYResearch, The global market for WiFi Wireless Speakers is projected to reach US$ 5847.15 million by 2022, driven by the growth prospects for the global speaker market during the forecast period. One of the major factors responsible for the increasing sales of WiFi Wireless Speakers on a global level is the ability of speakers to stream audio content without wires easily. Moreover, wireless speakers do not use any wiring and consume less space when compared to home theater systems. It has been noted that these speakers also offer portability and come in various sizes and designs to suit consumer preference and requirements. Furthermore, a multitude of consumers are drawn to portable devices such as laptops, smartphones, tablets equipped with Wi-Fi connectivity since these devices enable users to stream content wirelessly.
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