Latin America Wireless Audio Devices Market Size & Outlook
The wireless audio devices market in Latin America is expected to reach a projected revenue of US$ 34,201.5 million by 2030. A compound annual growth rate of 15.8% is expected of Latin America wireless audio devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$12,273.6
Forecast, 2030 (US$M)
$34,201.5
CAGR, 2024 - 2030
15.8%
Report Coverage
Latin America
Latin America wireless audio devices market, 2018-2030 (US$M)
Related Markets
Latin America wireless audio devices market highlights
- The Latin America wireless audio devices market generated a revenue of USD 12,273.6 million in 2023.
- The market is expected to grow at a CAGR of 15.8% from 2024 to 2030.
- In terms of segment, true wireless hearables/earbuds was the largest revenue generating product in 2023.
- Earphone is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 12,273.6 million |
| Market revenue in 2030 | USD 34,201.5 million |
| Growth rate | 15.8% (CAGR from 2023 to 2030) |
| Largest segment | True wireless hearables/earbuds |
| Fastest growing segment | Earphone |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earphone, Headphone, True Wireless Hearables/Earbuds, Speaker Systems, Soundbars, Headsets, Microphones |
| Key market players worldwide | Apple Inc, Bose Corporation, GN Store Nord A/S, Harman International, Logitech International SA, Samsung Electronics Co Ltd, Skullcandy, Siemens AG, Sony Group Corp, Xiaomi Corp Class B, Sonoscape Medical, Panasonic Holdings Corp, Shure, Plantronics, boAt |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.4% of the global wireless audio devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 82,647.8 million by 2030.
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Wireless Audio Devices Market Scope
Wireless audio devices market segmentation & scope
Wireless Audio Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America wireless audio devices market size, by country, 2018-2030 (US$M)
Latin America Wireless Audio Devices Market Outlook Share, 2023 & 2030 (US$M)
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