global Earphones & Headphones market size is expected to be worth around US$ 126.6 billion by 2028, according to a new report by Vision Research Reports.
The global Earphones & Headphones market size was valued at US$ 25.2 billion in 2020 and is anticipated to grow at a CAGR of 20.2% during forecast period 2021 to 2028.
Rising adoption of smartphones, tablets, and other handheld electronic devices, coupled with increasing popularity of online music streaming, is anticipated to power the market growth over the forecast period. Rising consumer inclination towards technology and trendy products is expected to pave the way for innovative designs and advanced features. For example, the has witnessed a surge in sales with the launch of true wireless earbuds. Additionally, rising consumer inclination towards noise distortion features and technological advancements pertaining to noise cancellation is expected to fuel the market growth.
Increasing demand for products equipped with advanced features at an affordable cost has enabled various manufacturers to focus more on innovation and product differentiation. Owing to this trend and the need to gain a competitive edge in the market, manufacturers are engaged in establishing various R&D centers and expanding their technical expertise. Therefore, just driving sales no longer remains the strategy to thrive in the market since manufacturers have realized the potential of building technologically advanced products and investing in innovation to gain market share.
In terms of revenue, earphones dominated the market with a share of 53.01% in 2019. This is attributed 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.
In terms of revenue, the 50 to 100 USD segment dominated the market with a share of 39.1% in 2019. This is attributed to the technological developments in this segment, which are primarily driven by growing consumer demand for style and high fidelity. Additionally, short product replacement cycle results in positive impact on the earphone and headphone adoption. Rising demand for enhanced sound quality experience, coupled with economic volatility associated with these devices, is driving the adoption of 50 to 100 USD earphones and headphones.
In terms of revenue, the wireless segment dominated the market with a share of 76.1% in 2019. This is attributed to the introduction of true wireless earbuds and technological advancements in Bluetooth connectivity of wireless devices. Wireless earbuds were first introduced by a company named Bragi, based in Munich, Germany. Meanwhile, the launch of AirPods from Apple, Inc. in 2016, shifted the momentum entirely from wired products to wireless products. Besides, local players like boAt, Zebronics India Pvt. Ltd., Xiaomi, Boult Audio, GoNoise, and Portronics, and MiVi are engaged in offering wireless earphones at lower prices, which is further expected to drive the segment.
In terms of revenue, the music and entertainment segment dominated the market with a share of 41.5% in 2019. This is attributed to the rising adoption of earphones and headphones for casual music listening, usage by audiophiles, and listening and creating sound effects in the music and entertainment industry. The virtual reality application segment is expected to witness significant growth over the forecast period owing to the growing adoption of earphones and headphones across the education, construction, business, and armed forces sectors primarily for training purposes. For example, in armed forces, the headphones are generally used along with simulators to provide realistic sound experience during training.
In terms of revenue, Asia Pacific dominated the market with a share of 29.6% in 2019. This is attributed to high penetration of smartphones and rising disposable income in the region. Furthermore, various key business players are investing significantly in China owing to the emergence of low-cost technology and availability of cheap labor in the region. However, 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.
Harman International Industries, Incorporated
Sennheiser Electronics GmbH & Co. KG
GN Store Nord A/S
Less than 50 USD
Between 50 to 100 USD
Above 100 USD
Music & Entertainment
Middle East & Africa
The Earphones & Headphones market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Earphones & Headphones market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Earphones & Headphones market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Earphones & Headphones market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Earphones & Headphones market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Earphones & Headphones capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Earphones & Headphones by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Earphones & Headphones market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Earphones & Headphones market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Earphones & Headphones market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Earphones & Headphones industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Earphones & Headphones market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Earphones & Headphones market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Earphones & Headphones market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Earphones & Headphones market. These factors have benefited the growth of the global market for Earphones & Headphones. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Earphones & Headphones. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Earphones & Headphones are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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