Wednesday, March 18, 2015

Booming Progression for the Wireless Speaker Systems

There has been a wide demand for mobile devices in recent years going in parallel to our changes adopted in our lifestyle. Due to this there has been great changes in consumer habits in terms of using media communication with growing demand for audio devices which are connected wirelessly. It is also rapidly changing the home audio requirements. As per the Compound Annual Growth Rate data the growth rate for wireless audio products is expected to raise by nearly 66 million units in 2018, according to IHS Technology. Huge demand is going to be for wireless speakers, soundbars and connected AV receivers. Check the below graph.

Total wirelessly-connected home audio device shipments
                                Source: IHS Technology, 2015
The connected soundbars and wireless speakers market have already shown great demand with huge growth, not in the home audio but also in consumer electronics market.

There has been a major diversion seen in the consumer media consumption preferences with much more growth and penetration seen there for tablets and also smartphones. With the introduction of the streaming services such as Spotify, Pandora, and many others there is off course great shift in the way people listen to music either inside or outside their homes. It offers much convenience to the consumers which helps them to play music straight from their mobile device on the wireless speakers in either a single room or across multiple rooms within the house. With such a significant growth in the music playing demands there has been strong global growth in Bluetooth or Wi-Fi speakers from past few years.

It’s not only that wireless speaker category is in much demand but there is major rapid growth in other multi-room speaker systems which are connected in a network. All famous brands like HEOS by Denon, LG, Samsung, etc. have already made a great entry into the market, with products or platforms which have been designed to just take a leap forward and meet growing user demands.

The old traditional audio system concept is obviously becoming obsolete day by day. It is for sure that after few years, audio systems which are connected wirelessly will extract the need for traditional wired audio systems. In upcoming years when anybody will think about home audio then wireless multi-room  systems will definitely be the first thing that will come to their mind.

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