Earphones And Headphones Market
Earphones and Headphones Market Forecasts to 2028 – Global Analysis By Product (Earphones, Headphones), Technology (Wired, Wireless), Application (Gaming, Music & Entertainment) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $34.70 BN |
|
Projected Year Value (2028) |
US $135.64 BN |
|
CAGR (2021 - 2028) |
21.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Earphones and Headphones Market is accounted for $34.70 billion in 2021 and is expected to reach $135.64 billion by 2028 growing at a CAGR of 21.5% during the forecast period. The earphones and headphones are electronic audio gadgets that serve the purpose of enhancing the listening experience with the introduction of the active noise cancellation method. These gadgets are a pair of small loudspeakers, with electroacoustic transducers; convert electrical signals into sound. It is capable of connecting in the wired and wireless form, to the source signal. There are a variety of headphones and earphones available, with ease and comfortability to wear.
Market Dynamics:
Driver:
Rising mobile device penetration
The adoption of mobile devices, especially tablets and smartphones has increased significantly in countries such as India, Indonesia, Brazil, and China. This adoption is due to increasing internet penetration and the rising popularity of online music mobile streaming in these countries. Moreover, the rising trend of e-banking, mobile shopping, BOYD is boosting the adoption of smartphones and tablets and thereby driving the growth of the market.
Restraint:
Absence of standardization
Lack of standardization in technology and components used for manufacturing headphones and earphones, especially by medium- and small-size companies is another factor hindering the market growth. Furthermore, inadequate standards in the market lead to high product and price differentiation, which in turn, is expected to hamper the global earphone and headphone market growth in the near future.
Opportunity:
Growing demand for wireless headphones and earphones
Consumers more and more prefer wireless headphones and earphones, due to the sophistication and ease of use provided by these products. Key companies in the market are focused on manufacturing trendy and innovative wireless headphones and earphones to cater to rising demand from fashion-conscious consumers. Furthermore, technological advancements have led to the development of lightweight and compact earphones and headphones. Manufacturers are incorporating advanced features such as Wi-Fi, Bluetooth, and SKAA in wireless headphones and earphones for an increasing number of tech-savvy consumers.
Threat:
Rising threat of piracy and counterfeit products
Piracy and counterfeiting of products are a major threat to market growth. The materials used in the production of these earphones and headphones are of substandard quality with low quality and durability. However, pirated products are offered at a fraction of the price of original products and hence are majorly preferred in emerging economies such as India and China. Thus, the presence, of counterfeit products is expected to restrain the growth of the global earphone and headphone market during the forecast period.
The wireless segment is expected to have the highest CAGR during the forecast period
The wireless segment is growing at the highest CAGR in the market. This is attributed to the introduction of true wireless earbuds and technological advancements in the BlueTooth connectivity of wireless devices. Meanwhile, the launch of AirPods from Apple, Inc., shifted the momentum entirely from wired products to wireless products. Besides, local players like boAt, Zebronics India Pvt. Ltd., Xiaomi, Boult Audio, GoNoise, Portronics, and MiVi are engaged in offering wireless earphones at lower prices, which is further expected to drive the segment.
The earphones segment is expected to be the largest during the forecast period
The earphones segment is expected to be the largest share due to the comfort in hearing music, low cost, and compact size. The lightweight design and portability of earphones make them a preferred choice for fitness and sports enthusiasts. Additionally, earphones provide good passive isolation from external sound, which translates into an immersive music listening experience for the user and is expected to drive the segment.
Region with largest share:
North America is projected to hold the largest share in the market due to the high technology penetration. Companies in this region are focused on investing in R&D and continuous innovation in product development. Furthermore, the presence of major industry players in the region, such as Apple Inc., Bose Corporation, GN Store Nord A/S, Harman International Industries, Incorporated, and Sennheiser GmbH & Co., KG, is expected to drive the market in this region.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR due to the high penetration of smartphones and rising disposable income. Furthermore, various key business players are investing significantly in China due to the emergence of low-cost technology and the availability of cheap labor in the region. However, the increasing availability of counterfeit products designed and manufactured, especially in India, has enabled various key players to establish their manufacturing facilities in the region, thereby resulting in market growth.
Key players in the market:
Some of the key players profiled in the Earphones and Headphones Market include Alclair Audio, Inc., Apple, Inc., Beats Electronics LLC, Bose Corporation, GN Store Nord A/S, Grado Labs, Harman International Industries, Incorporated, JVC Kenwood Corporation , Koninklijke Philips N.V., Logitech International S.A., Panasonic Corporation, Pioneer Corporation, Plantronics, Inc., Sennheiser Electronic GmbH & Co. KG, Shenzen Cannice Technology Co. Ltd., Shure Incorporated, Skullcandy, Inc., Sony Corporation, Ultimate Ears, LLC, and Zebronics India Pvt. Ltd.
Key developments:
In January 2020: Harman International Industries, Inc. introduced new AKG K361-BT and K371-BT professional studio headphones with Bluetooth connectivity.
In September 2018: Plantronics Pty. Limited introduced a range of five wireless headsets across its BackBeat Go and BackBeat FIT lines in Australia.
In September 2018: Beats Electronics LLC announced its merchandising and marketing partnership with the National Basketball Association (NBA). Through this partnership, Beats by Dre aims to be the official and the only wireless speaker, headphone, and audio partner for NBA.
In September 2018: Skullcandy, Inc. announced the launch of a new wireless headphone known as Riff Wireless. Riff Wireless headphone is lightweight, includes a bendable band, and is equipped with Bluetooth and Rapid Charge technology.
Prices Covered:
• Less Than 50 USD
• Between 50 to 100 USD
• Above 100 USD
Products Covered:
• Earphones
• Headphones
Technologies Covered:
• Wired
• Wireless
• True Wireless
Features Covered:
• Smart
• Non-Smart
Noise Attenuations Covered:
• Active Noise Cancellation (ANC)
• Passive Noise Cancellation
Distribution Channels Covered:
• Online
• Offline
Applications Covered:
• Fitness/Sports
• Gaming
• Music & Entertainment
• Virtual Reality
• Personal
• Corporate
• Media
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Earphones and Headphones Market, By Price
5.1 Introduction
5.2 Less Than 50 USD
5.3 Between 50 to 100 USD
5.4 Above 100 USD
6 Global Earphones and Headphones Market, By Product
6.1 Introduction
6.2 Earphones
6.3 Headphones
7 Global Earphones and Headphones Market, By Technology
7.1 Introduction
7.2 Wired
7.3 Wireless
7.3.1 Bluetooth
7.3.2 Near Field Magnetic Induction (NFMI)
7.3.3 Smart Headphones
7.4 True Wireless
8 Global Earphones and Headphones Market, By Features
8.1 Introduction
8.2 Smart
8.3 Non-Smart
9 Global Earphones and Headphones Market, By Noise Attenuation
9.1 Introduction
9.2 Active Noise Cancellation (ANC)
9.3 Passive Noise Cancellation
10 Global Earphones and Headphones Market, By Distribution Channel
10.1 Introduction
10.2 Online
10.3 Offline
11 Global Earphones and Headphones Market, By Application
11.1 Introduction
11.2 Fitness/Sports
11.3 Gaming
11.4 Music & Entertainment
11.5 Virtual Reality
11.6 Personal
11.7 Corporate
11.8 Media
12 Global Earphones and Headphones Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Alclair Audio, Inc.
14.2 Apple, Inc.
14.3 Beats Electronics LLC
14.4 Bose Corporation
14.5 GN Store Nord A/S
14.6 Grado Labs
14.7 Harman International Industries, Incorporated
14.8 JVC Kenwood Corporation
14.9 Koninklijke Philips N.V.
14.10 Logitech International S.A.
14.11 Panasonic Corporation
14.12 Pioneer Corporation
14.13 Plantronics, Inc.
14.14 Sennheiser Electronic GmbH & Co. KG
14.15 Shenzen Cannice Technology Co. Ltd.
14.16 Shure Incorporated
14.17 Skullcandy, Inc.
14.18 Sony Corporation
14.19 Ultimate Ears, LLC
14.20 Zebronics India Pvt. Ltd.
List of Tables
1 Global Earphones and Headphones Market Outlook, By Region (2019-2028) ($MN)
2 Global Earphones and Headphones Market Outlook, By Price (2019-2028) ($MN)
3 Global Earphones and Headphones Market Outlook, By Less Than 50 USD (2019-2028) ($MN)
4 Global Earphones and Headphones Market Outlook, By Between 50 to 100 USD (2019-2028) ($MN)
5 Global Earphones and Headphones Market Outlook, By Above 100 USD (2019-2028) ($MN)
6 Global Earphones and Headphones Market Outlook, By Product (2019-2028) ($MN)
7 Global Earphones and Headphones Market Outlook, By Earphones (2019-2028) ($MN)
8 Global Earphones and Headphones Market Outlook, By Headphones (2019-2028) ($MN)
9 Global Earphones and Headphones Market Outlook, By Technology (2019-2028) ($MN)
10 Global Earphones and Headphones Market Outlook, By Wired (2019-2028) ($MN)
11 Global Earphones and Headphones Market Outlook, By Wireless (2019-2028) ($MN)
12 Global Earphones and Headphones Market Outlook, By Bluetooth (2019-2028) ($MN)
13 Global Earphones and Headphones Market Outlook, By Near Field Magnetic Induction (NFMI) (2019-2028) ($MN)
14 Global Earphones and Headphones Market Outlook, By Smart Headphones (2019-2028) ($MN)
15 Global Earphones and Headphones Market Outlook, By True Wireless (2019-2028) ($MN)
16 Global Earphones and Headphones Market Outlook, By Features (2019-2028) ($MN)
17 Global Earphones and Headphones Market Outlook, By Smart (2019-2028) ($MN)
18 Global Earphones and Headphones Market Outlook, By Non-Smart (2019-2028) ($MN)
19 Global Earphones and Headphones Market Outlook, By Noise Attenuation (2019-2028) ($MN)
20 Global Earphones and Headphones Market Outlook, By Active Noise Cancellation (ANC) (2019-2028) ($MN)
21 Global Earphones and Headphones Market Outlook, By Passive Noise Cancellation (2019-2028) ($MN)
22 Global Earphones and Headphones Market Outlook, By Distribution Channel (2019-2028) ($MN)
23 Global Earphones and Headphones Market Outlook, By Online (2019-2028) ($MN)
24 Global Earphones and Headphones Market Outlook, By Offline (2019-2028) ($MN)
25 Global Earphones and Headphones Market Outlook, By Application (2019-2028) ($MN)
26 Global Earphones and Headphones Market Outlook, By Fitness/Sports (2019-2028) ($MN)
27 Global Earphones and Headphones Market Outlook, By Gaming (2019-2028) ($MN)
28 Global Earphones and Headphones Market Outlook, By Music & Entertainment (2019-2028) ($MN)
29 Global Earphones and Headphones Market Outlook, By Virtual Reality (2019-2028) ($MN)
30 Global Earphones and Headphones Market Outlook, By Personal (2019-2028) ($MN)
31 Global Earphones and Headphones Market Outlook, By Corporate (2019-2028) ($MN)
32 Global Earphones and Headphones Market Outlook, By Media (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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