ID: MRFR/SEM/6159-CR | February 2020 | Region: Bric | 123 pages
The Earphone and Headphone Market demand has been addressing various positive attributes on its way during the ongoing forecast period of 2017-2023. Owing to the trends, technological advancements, and rising demand, the Earphone and Headphone Market is expecting a good growth rate of 11% during the ongoing forecast period. Earphones can be understood as a set of small speakers that can help in listening to sound from various sources like computers, music players, and other similar electronic devices. Headphones can be considered as a bigger version of the earphones and are attached with the help of a band and can be placed over the head to wear and ensure comfortable use and wear. Both the earphones and headphones are in great trend. But the latest advancements and transitions in the market are small and do not require wires to be connected. Instead, these can directly be placed in the ear and are known as earbuds. The products have their ability in wired and wireless products that help in targeting a larger customer base and provide various aids in the form of listening to music, videos, audios, answering calls. Also, these can be integrated with hearing aids and help people who are suffering from similar medical conditions like loss of hearing ability and contracting similar disorders. The use of these products helps in enhancing the overall hearing experience with any of these products that is either earphones or headphones.
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.
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.
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 2017-2023.
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.
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:
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.
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.
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.
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.
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:
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.
|Market Size||Significant Value|
|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||
Frequently Asked Questions (FAQ) :
The global market is predicted to expand at a rate of 9% in the years to come.
The APAC market is expected to progress at a rate of 10.89% 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.