Earphone and Headphone Market Research Report - Forecast till 2030

Earphone and Headphone Market Research Report: by Type (Wired Headphones and Earphones, Wireless Headphones and Earphones) by Application (Fitness/Sports, Gaming & Virtual Reality, Media & Entertainment, Corporate, Others) and by Region - Forecast till 2030

ID: MRFR/SEM/6159-CR | February 2020 | Region: Bric | 123 Pages         

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Earphone and Headphone Market

Earphone and Headphone Market is expecting a good growth rate of 11.20% and it is projected to reach USD 62.24 billion during the ongoing forecast period 2022 -2030

Segmentation
By type Wireless Headphones and Earphones Wired Headphones and Earphones
By Application Corporate Gaming & Virtual Reality Fitness/Sports Media & Entertainment Others
By Region North America Europe Asia-Pacific and Rest of the World (RoW)
Key Players
Companies Profiled   Apple Inc (US)    Sony Corporation (Japan)    Sennheiser Electronic GmbH & Co. KG (Germany)    Bose Corporation (US)    Skullcandy Inc. (US)    AIAIAI ApS (Denmark)    AKG Acoustics GmbH (Austria)    Audio-Technica Corporation (Japan)    beyerdynamic GmbH & Co. KG (Germany)    Creative Technology Ltd (Singapore)    Denon Electronics (USA)    LLC (US)    Grado Labs Inc. (US)    House of Marley    LLC (US)    and Jays AB (Sweden)
Drivers
Market Driving Forces   The increasing disposable income. Rising ownership rate of tablets    smartphones    and mp3 players.
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Earphone and Headphone Market Size and Overview


Globally, the size of Earphone and Headphone Market has predicted a CAGR of 11.20%, estimated to reach USD 62.24 Billion by 2030 driven by The rise in the advancement of technology and the easy adoption and acceptance of smart devices are the main factors operating the market growth.The Earphone and Headphone Market popularity has been showing various positive traits on its way during the ongoing estimated period of 2020-2030. The high sales rate of consumer electronic devices worldwide due to their distribution in residential and commercial infrastructures generates several opportunities for market growth. Wireless technology has become budget-friendly and is replacing the need for physical cabling. The producers have improved the wireless technology and are now offering wireless headsets with excellent audio quality, promoting the overall market growth.


The coronavirus outbreak has significantly affected the expansion of the earphones & headphones market. The pandemic has forced all the government organizations to implement strict lockdown regulations and travel restrictions, breaking the logistics, supply chain & production capabilities, which affected the overall sales. Moreover, the shutdown of retail stores has also affected the revenue generation of the companies.


The increasing usage of Over the top platforms, such as Netflix, Amazon Prime, and Disney Hotstar, for entertainment, supports the market growth. The implementation of travel restrictions has changed consumer interest toward online binge platforms to watch web series, movies, and talk shows. The growing OTT sector supports the usage of earphones & headphones among people.


COVID 19 Analysis


The pandemic has brought along various struggles for most of the manufacturing and production units. The absence of manpower and logistics is majorly disrupting the supply chain mechanism of the market. The pandemic has invited temporary and permanent lockdowns which have pushed the companies to opt for the work-from-home scenario. Owing to these, the employees are investing in buying earphones and headphones for better audio and visual experience.


The key players of Earphone and Headphone Market are investing in the research and development departments that will help the players to cater to the demand of a larger audience. The aim is to develop and launch innovative products with excellent features to meet the advancements on a large scale.


Market Dynamics


Drivers


In the pandemic year of 2020, there were as many as 490-million-unit shipments across the globe. The same trends are expected to follow and hence, there is a steep rise in the number of people who are using portable and smartphone devices. Also, rising access to quality video and music content is one of the factors that will lead to a rapid expansion in the music and similar industry. Portable devices offer excellent sound quality and also help in boosting the audio and quality experience during the forecast period that ends in 2028.


Opportunities


There have been various technological advancements surfacing and are being well-adopted by the key market players. They are investing in the development of a good quality of wireless headphones and also alter the size so that it can seamlessly fit in the human ear and does not cause pain and irritation after long hours of use. These developments have positive growth opportunities for the Earphone and Headphone Market during the ongoing forecast period of 2020-2030.


Technology Analysis


To introduce quality gadgets and improvise the living standards and way of people, the Earphone and Headphone Market players are offering aid, assistance, and quality in the form of the earphone and headphone market trends. The rise in disposable income of people is supporting this trend and helping it gain momentum during the ongoing forecast period that ends in 2028. The nano-chip technology also has posed excellent market inputs available for the target audience across the globe.


Study Objectives



  • To consider the viewpoints laid by the experts and leaders of the global market and predict the CAGR rate of growth and market figures based on the market dynamics during the forecast period of 2020-2030

  • To study the scope of the Earphone and Headphone Market by understanding the revenue potential possessed by the market segments across various global regions where the market operations are currently operational during the period.

  • To analyze the future of the Earphone and Headphone Market and study the key strategies for growth adopted by the prominent market players in the form of the recent developments undertaken during the forecast period that ends in 2030.


Segment Overview


The Earphone and Headphone Market report helps in providing an insight into the revenue potential of the market segments. The Earphone and Headphone Market segments have the potential to make a difference to the final market valuation by the end of the forecast period in 2028. The Earphone and Headphone Market has been segmented based on the following:


Product Type


Based on the devices, availability of resources, and technology, the global market deals in products like the wired headphones and earphones, alongside wireless headphones and earphones, amongst others.


Application


The application of both earphones and headphones is more common amongst applications like the corporate sector, fitness and sports, gaming and virtual reality, reality, media and entertainment sector, and online coaching institutes and centers amongst others.


Features


The technological advancement and its availability in various global regions are impacting their distribution and use amongst the key market players. Hence, they offer products that are a combination of various features like noise cancellation power, and water resistance amongst others as demanded by the target audience across the global regions.


Regional Analysis


Based on the regions and the availability of various market segments, the Earphone and Headphone Market statistics show that the global market is currently functional in regions like North America, the APAC region, the European nations, the Middle East, and Africa, the South American region. During the previous forecast period that ended in 2019, the European and North American markets-maintained dominance over the global market operations. A similar trend is expected in the ongoing forecast period of 2017-2023. The main reason behind the prevalence of such a trend for such a long period is that there is a significant and very high rate of the adoption of technology in domestic markets like the USA and Canada. Also, during the current period, the APAC region is expecting a good expansion rate as the disposable income of people is rising in this region which is pushing the Indian and Chinese customers to demand a good quality of daily-use electronics like earphones and headphones.


Competitive Landscape


The prominent players of the Earphone and Headphone Market have a major role to play in helping both the domestic and the global market thrive for improvements and expansion during the forecast period on a global scale. The Earphone and Headphone Market players are as follows:



  • Bose Corporation

  • Bowers & Wilkins

  • Samsung Group

  • Koninklijke Philips N.V.

  • Xiaomi Corporation

  • Zound Industries (Marshall)

  • Motorola, Inc.

  • Sennheiser electronic GmbH & Co.

  • Pakushve Marketing, LLC (BOAT)

  • Skullcandy Inc.

  • Sony Corporation of America

  • Harman International Industries (JBL)


Recent Developments


2021

  • Adidas's premium sportswear manufacturer has collaborated with Zound Industries, an audio technology developer. The main focus behind this collaboration was to launch wireless audio product ranges like the neck-band design earphones alongside the over-the-head earphones. These have many positive features for the global market during the estimated period.


Intended Audience



  • Corporate professionals

  • Students

  • Athletes

  • Potential market investors

  • Earphone manufacturers

  • Headphone manufacturers

  • Public sector

  • Government entities and public sector

  • Research firms

  • Product development institutions


Report Overview


The Earphone and Headphone Market report helps in giving an in-depth insight into the market operations during the forecast period. The report helps the investors in making better investment decisions depending on the performance of the segments across various global regions. The Earphone and Headphone Market report provides a fair understanding of the functioning of the key market players and their way of adding value to the life of the target audience through their recent developments during the forecast period.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 62.24 Billion
  CAGR   11.2%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Apple Inc (US), Sony Corporation (Japan), Sennheiser Electronic GmbH & Co. KG (Germany), Bose Corporation (US), Skullcandy Inc. (US), AIAIAI ApS (Denmark), AKG Acoustics GmbH (Austria), Audio-Technica Corporation (Japan), beyerdynamic GmbH & Co. KG (Germany), Creative Technology Ltd (Singapore), Denon Electronics (USA), LLC (US), Grado Labs Inc. (US), House of Marley, LLC (US), and Jays AB (Sweden)
  Key Market Opportunities   The population growth around the world and increasing demand of earphone and headphone market based services and products.
  Key Market Drivers

  • The increasing disposable income.
  • Rising ownership rate of tablets, smartphones, and mp3 players.


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    Frequently Asked Questions (FAQ) :

    The earphone and Headphone Market predicts a CAGR of 11.20%, estimated to reach USD 62.24 billion during the ongoing guess period from 2022 to 2030

    The APAC market is expected to progress at a rate of 11.2% during the review period.

    Wired earphones and headphones, as well as wireless earphones and headphones, are the type-dependent segments in the market.

    North America is expected to retain its dominance in the coming years.

    Wired headphones and earphones are far more superior than wireless headphones and earphones, with respect to pricing, battery life as well as audio/sound quality.

    Asia Pacific is one of the top manufacturing hubs in the world, with several multinational companies planting high-volume production facilities in countries like Indonesia, Australia and Singapore. These countries are also experiencing substantial developments in wireless technologies, which further benefits the regional market.

    High cost of wireless headphones and earphones is the top market restraint outlined in the report.