LONDON, Jan. 24, 2017 /PRNewswire/ — The LAMEA Wireless Audio Devices Market is expected to reach $2.4 billion by 2022, growing at a CAGR of 28.6% during 2016 -2022.
Wireless audio devices are widely adopted within the commercial sectors such as media & entertainment, education, and in corporate setup for various purposes such as conferences, meetings, sport events, news broadcasting, and auctions among others. Wireless devices such as wireless microphones, speaker systems, and headphones are largely used devices today, and it is a major responsible for the growth of the wireless audio device market.
The Commercial market dominated the LAMEA Wireless Audio Devices Market in 2015, and would grow at a CAGR of 26.2% during the forecast period. The Consumer market is expected to attain a market size of $641.8 million by 2022. However, Automotive market is expected to grow at CAGR of 31.5% during 2016-2022.
The report highlights the adoption of Wireless Audio Devices market in LAMEA (Latin America, Middle East and Africa). Based on the Product, the Wireless Audio Devices Market is segmented into Wireless Headsets & Microphones, Wireless Speaker Systems, Sound bars and Other segments. Based on the Technology, the market is bifurcated into Bluetooth, Wi-Fi, AirPlay and other segments. According to the Application, the Wireless Audio Devices Market is segmented into Commercial, Consumer, Automotive and Other segments. The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA.
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