Saudi Arabia Wireless Audio Devices Market Size & Outlook
The wireless audio devices market in Saudi Arabia is expected to reach a projected revenue of US$ 7,959.8 million by 2030. A compound annual growth rate of 12.8% is expected of Saudi Arabia wireless audio devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,415.6
Forecast, 2030 (US$M)
$7,959.8
CAGR, 2024 - 2030
12.8%
Report Coverage
Saudi Arabia
Saudi Arabia wireless audio devices market, 2018-2030 (US$M)
Related Markets
Saudi Arabia wireless audio devices market highlights
- The Saudi Arabia wireless audio devices market generated a revenue of USD 3,415.6 million in 2023 and is expected to reach USD 7,959.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, true wireless hearables/earbuds was the largest revenue generating product in 2023.
- True Wireless Hearables/Earbuds is the most lucrative product segment registering the fastest growth during the forecast period.
Wireless audio devices market data book summary
| Market revenue in 2023 | USD 3,415.6 million |
| Market revenue in 2030 | USD 7,959.8 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | True wireless hearables/earbuds |
| Fastest growing segment | True Wireless Hearables/Earbuds |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 3.2% of the global wireless audio devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia wireless audio devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,828.5 million by 2030.
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Wireless Audio Devices Market Scope
Wireless audio devices market segmentation & scope
Earphone
Headphone
True Wireless Hearables/Earbuds
Speaker Systems
Soundbars
Headsets
Microphones
Wireless Audio Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia wireless audio devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Wireless Audio Devices Market Outlook Share, 2023 & 2030 (US$M)
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