ID: MRFR/SEM/3156-HCR | February 2021 | Region: Global | 100 pages
A wireless headphone is an earpiece audio device that enables wireless connection with the source of the sound system. These earphones generally use Bluetooth, NFC, or Wi-Fi for connectivity with other devices. By outer looks, wireless headphones can be of many types, forms, and shapes. They are much more flexible, lightweight, and easy to use than other kinds of headphones. The wireless earphone market share is increasing in several countries and regions of the world. Consumers from different backgrounds are getting interested in the product.
The global business environment has been brutally disrupted by the emergence of the COVID-19 pandemic. The lockdowns in major and most countries in the world followed by the diseases have completely shut down many industries for several months. It is important to assess the impacts of the lockdowns in different industries. That way it is possible to understand the actual effects of the disease on the earphones & headphones market. Wireless headphones are a luxury and premium accessory. This gadget is an item of desire for the majority of consumers.
Since the covid-19 has disrupted the supply channels, reduced the workforce due to social distancing. Also, it has lowered the market demand because people have decreased their per capita expenditure in several countries. In such a situation, the wireless headphones market has been impacted by the pandemic. But soon after the lockdowns are over, markets have started to normalize. So, the hope for tremendous growth in the coming future surely persists.
Wireless Earphone Market Dynamics:
One of the primary market engagers for wireless earphones is the diverse pattern of the consumer base. The different consumers have different demands and requirements for the product. Hopefully, the advancements in technology have enabled premium quality wired earphones to go wireless. There are plenty of benefits of using these headphones that credit for the market growth itself. Wireless earphones for android, IOS, and different operating system devices make them flexible and easy to use.
A large section of the consumers uses wireless headphones during workouts in the gym, walking, or running, etc. Health-conscious people are a major driving force for the market because wireless headphones are designed for flexible outdoor usage. Wireless earphone Bluetooth connectivity option helps on-the-go music lovers stay tuned with their favorite playlist while they are outside. Apart from that, audiophiles, musicians, programmers, gamers, etc are potential driving forces for the market.
The coming of virtual reality (VR) technology in the gaming, music, movie categories has increased the demand for a dedicated surround sound system that supports the VR technology. These technological aspects are inviting more opportunities for the Bluetooth headphones market.
Premium wireless headphones have a growing popularity in the market. A major problem in the market right now is the presence of several counterfeit products in several parts of the world. The true wireless earphone market share faces a lot of trouble due to the fake products. It is the same problem that movie makers face in the case of piracy. When people get to use forged and counterfeit products at a very cheap price, the market growth for the premium products gets hampered.
The cheap variants do not go through any quality control test or standardization. Which discourages the average buyers to go for this product. For instance, the Earphone market in India is enormous. There are premium brands in the market as well as duplicated products. Average buyers get confused because these counterfeits try to make the same packaging. That way consumers get betrayed.
Also, there is a huge difference between wired and wireless earphones in the market at present. Many tech-enthusiasts opine that the price difference is troublesome to many potential buyers. The wireless earphone market trends suggest that the affordability of the products has to increase to sustain in the global market.
According to the latest headphones industry statistics, the Asiatic region is responsible for more than 60% of internet users in the world. Although, the technologically advanced developed countries bag more than 30% of the global revenue for the wireless headphones market. But due to the large population, the Asian market is estimated to grow at a CAGR of 6% for the same forecast period.
But the popularity, availability, discount offers, and convenience of online shopping beat everything else. Also, the advancements in the gaming and entertainment industry contribute to the global wireless earphones market share.
The wireless headphones market is divided into various kinds of products based on different utility and applications. The reason for the difference in the products is caused by the different kinds of consumers and their different needs. The wireless earphone market segmentation can be classified based on components, technology, sale channels, applications, region, etc.
Wireless Earphone Market By component segmentation:
Wireless Earphone Market By technology segmentation:
Wireless Earphone Market By sale-channel headphone market segmentation:
Wireless Earphone Market By application market segmentation:
Wireless Earphone Market By region segmentation:
Wireless Earphone Market Regional Analysis:
Technologically advanced nations are way ahead in the race of wireless earphone market size. North American countries like the US, Canada, Mexico hold the largest market share in the world for wireless earphones. Constant innovation in the technological aspects, new technology, and high-income citizens are the most important growth factors for the market.
Although, the recent wireless earphone market trends suggest that the growth in the Asia Pacific region is phenomenal too. Several market statistics indicate that populated countries like China and India are turning out to be a new potential market for the brands.
Wireless Earphone Market Competitive Landscape:
There is tough competition between top brands in the world.
The major key players in the global market are:
Wireless Earphone Market Recent Developments:
Wireless Earphone Market Report Overview:
This report discusses the wireless earphone market price, applications, segmentation, size, etc.
Wireless Earphone Market Report Time:
Wireless Earphone Market Report Demographic:
Frequently Asked Questions (FAQ) :
The global wireless earphone market valuation can touch USD 2.61 billion by 2023.
The global wireless earphone market can display a CAGR of 6% from 2017 to 2023.
North America can dominate the global wireless earphone market by 2023.
The global wireless earphone market is driven by sales of smartphones, PCs, and other electronic devices for consuming content.
Apple Inc., Rowkin LLC, Samsung Group, Philips N.V, Shure Incorporated, Jabra, Motorola, Inc., Skullcandy Inc., Zebronics India Pvt. Ltd, Leaf Ear, and Harman International Industries are key players of the global wireless earphone market.