May 19, 2017, Tampa, Florida – Global earphones and headphones market is expected to reach USD 15.4 billion by 2024, according to a new research study published by Ameri Research.Integration of several features including Wi-Fi, infrared, and Bluetooth particularly in wireless headphones is a major factor driving market growth.
The industry dynamics are changing rapidly with the trend for affordable and compact earphones/ headphones.Snowballing usage of portable music players, smartphones, and tablets has been and is expected to continue driving the global earphones and headphones market growth significantly over the next few years,
The industryis characterized by innovations and technological advancements resulting in the development of refined noise cancellation features, which is further anticipated to aid the product sales. Rising consumer demand for high fidelity and style coupled with mounting adoption particularly during aworkout is also expected to propel demand.
Click the link below to view the report description: - https://www.ameriresearch.com/product/earphones-headphones-market-to-2024
Key findings from the study: -
- In-ear segment accounted for the majority market share in 2016 and is projected to witness thegrowth of over 6% over the forecast period. Thisis accredited to the budding popularity of tablets, portable music players, laptops, smartphones, and other mobile devices that offer significant compatibility with in-ear headphones
- Wired technology segment held more than 50% of the overall revenue share in 2016 owing to the snowballing adoption of wired earphones and headphones primarily in developing countries including India, Thailand, Brazil, Vietnam, and Singapore
- Music & entertainment held maximum portion of the overall revenue share in 2016 and is expected to witness strong growth over the forecast period owing to the rising demand for audio solutions compatible with portable consumer electronics primarily to listen to music
- Asia Pacific emerged as the dominant region in 2016 capturing more than 35% of the overall revenue share in the same year. Thisis accredited to the growing penetration of smartphones and tablets along with the rising popularity of Western music culture in this region
- Key industry participants includeBeats, Bose Corporation, Panasonic Corporation,JBL Harman, Pioneer Corporation, Skullcandy, Shure Inc., Philips, and Sony Corporation.Major players focus on collaboration and merger as key growth strategy while some focus on investing in R&D to develop innovative products
Market Segmentation
- Earphones & Headphones Market by Product (Revenue, USD Million; Volume, Million Units)
- In-ear
- Over-ear
- Earphones & HeadphonesMarket by Price (Revenue, USD Million; Volume, Million Units)
- Less than 50 USD
- Between 50 to 10 USD
- Above 100 USD
- Earphones & Headphones Market by Technology (Revenue, USD Million; Volume, Million Units)
- Wired
- Active Noise Cancellation (ANC)
- Others
- Wireless
- Active Noise Cancellation (ANC)
- Bluetooth
- NFMI
- Smart Headphones
- Others
- Earphones & Headphones Market by Application (Revenue, USD Million; Volume, Million Units)
- Fitness/Sports
- Gaming
- Virtual Reality
- Music & Entertainment
- Earphones & Headphones Market by Region (Revenue, USD Million; Volume, Million Units)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
- Saudi Arabia
- UAE
Media Contact
Company Name: Ameri Research Inc
Contact Person: Media Relations
Email:Send Email
Phone: 1-813-666-0858
Address:6816 Muncaster Ct, Tampa, FL 33625
City: Tampa
State: FL
Country: United States
Website: https://www.ameriresearch.com/product/earphones-headphones-market-to-2024
