Global Earphones & Headphones Industry
New Study On “Global Earphones & Headphones Market Share, Supply, Analysis and Forecast to 2025” Added to Wise Guy Reports Database
An increase in the number of mobile devices such as Earphones and headphones providing access to video and music content are gaining popularity in the industry. The global earphones and headphones market are estimated to reach values of more than $36 billion by 2024, growing at CAGR of around 13% during 2018-2024. Top five manufacturers, Beats, Bose, Sennheiser, Sony, and Skullcandy accounts for two-thirds of the world market share in terms of value and 50% share in terms of market volume.
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Many headphones come with the noise cancellation feature that helps block intrusive noises from outside. They also act as an auditory insulation and keep the noise created by the headphones within the earmuffs. With the growing demand for premium quality earphones and headphones from audiophiles, the market players are coming up with innovative devices. Therefore, report analysts believe that the market for these audio devices will increase over the forecast period.
Different types of headphones are available to suit varied customer requirements. Sports headphones are apt for fitness freaks who prefer to workout with the music on. These headphones are water-resistant and mostly wireless. Biometric headphones are good for monitoring the heart rate. They analyze the information from the wearer’s ears and record the workout. Compared to headphones, earphones are compact and easy to carry around. They have a small earpiece that fits inside the ear and offers brilliant sound quality. They are ideal for use while working out, running, traveling, hiking, and more. Earphones can be easily connected to mobile phones and music players and used for calls and music. They are convenient to use while on the go.
The launch of many smart and technologically-advanced devices with HD and Blu-ray sound format, 3D surround sound, noise cancelation feature, and more is boosting the global market for headphones and earphones.
The global market for earphones and headphones is divided into types, feature, technology, and applications.
Based on types, the market is divided into in-ear, on-ear and over-ear types of market.
The market is split into Wired, Wireless and True Wireless basis technology.
By feature, the market is segmented into Smart and Non-Smart market.
Based on applications, the market is divided into music and entertainment, sports and fitness, and gaming and virtual reality.
In this report, the five main regions considered for analyzing the global market of earphones and headphones are North America (The United States, Canada and Mexico), Europe (UK, Germany, France, Spain, Italy, and Russia), Asia-Pacific (Japan, China, India, South Korea, Australia and Southeast Asia), Central and South America (Columbia, Argentina, Brazil, and rest of the region), and the Middle East and Africa (Turkey, Saudi Arabia, Nigeria, Egypt, UAE, and South Africa).
Europe is the largest market for earphones and headphones, while North America takes the second spot. According to report analysts, the presence of many global and local vendors in Asia-Pacific will increase the demand for wireless and in-ear headphones in the region. Middle East and Africa will also experience a surge in the demand for noise-canceling headphones and earphones.
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