New York City, 16 January 2019: The Report “Earphones and Headphones Market [By Product
(Earphones, Headphones); By Technology (Wired, Wireless) By Distribution
Channel (In-Store, Online); By Price Range (Below USD 50, USD 50-100, Above USD
100); By End-User (Call Centers, Aviation, Gaming, Music & Entertainment,
Fitness, Others); By Region]: Market size & Forecast, 2017 – 2026”According to a new report published by Polaris
Market Research the earphones and headphones market is anticipated to reach
over USD 16,563 million by 2026. In 2017, earphones dominated the global
market, in terms of revenue. Asia-Pacific is expected to be the leading
contributor to the global market revenue during the forecast period.
The increasing demand of wireless earphones and headphones
drives the growth of this market. Increasing penetration of smartphones coupled
with declining prices of mobile devices further accelerates the market growth.
In addition, the per capita income of consumers has increased considerably,
which has resulted in enhanced lifestyle and higher standards of living. Rise
in the number of streaming services such as Spotify, Pandora, and Deezer,
enhance the music experience for consumers, thereby supporting the growth of
headphones and earphones.
There has been an adoption of earphones
and headphones across the globe owing to the increase in penetration of smart
phones. Growth in sales of smartphones coupled with the increasing need for
mobility services has significantly increased the demand for earphones and
headphones. The major players in the market have developed advanced wireless
headphones and earphones to cater to the growing requirements of consumers and
their changing preferences. Additionally, the demand for earphones and
headphones has increased in the global market owing to features such as high-definition
sound quality, portability, flexibility, and ease of connectivity.
Browse Research Report On Earphones
and Headphones Market Analysis : https://www.polarismarketresearch.com/industry-analysis/earphones-and-headphones-market/
A significant growth in demand for
wireless earphones and headphones has been registered over the years owing to
convenience, portability, and high-definition sound quality. Consumers need
convenience and on-the-go services, and opt for wireless earphones and
headphones for audio communication and related applications. Wireless earphones
and headphones enhance the experience by providing easy and quick transmission,
wireless operation, and ease of set up. Hence, the increase in demand for
wireless earphones and headphones is expected to drive the growth of the
market.
In Asia-Pacific generated earphones and
headphones the highest
revenue in the market in 2017, and is expected to lead the global market
throughout the forecast period. The high population in the region coupled with
increasing disposable income drives the market growth. The rising penetration
of smart phones, and availability of affordable earphones & headphones with
advanced features has increased the demand in Asia-Pacific. The increasing
application of earphones and headphones in call centers, gaming centers,
virtual reality, music and entertainment provide growth opportunities for the
market.
Leading Companies
Profiles Sennheiser
Electronic GmbH & Co. KG, Sony Corporation, GN Netcom, Audio-Technica
Corporation, JVC Corporation, Beats Electronics (Apple, Inc.), Harman
International Industries, Inc., Plantronics Pty Ltd., Philips Electronics Ltd.,
and Bose Corporation among others. These companies launch new products and
collaborate with other market leaders to innovate and launch new products to
meet the increasing needs and requirements of consumers.
Improvement in lifestyle due to rise in
income level, especially in the developing countries of Asia-Pacific fuels the
demand for mobile accessories. Factors such as increase in per capita income
and changes in consumer behavior towards adoption of smartphones are expected
to accelerate the adoption of earphones and headphones in the coming years.
Access Press
Release of "Earphones and Headphones Market "
The different technologies available in
the market include wired and wireless. In 2017, wired earphones and headphones
accounted for the highest market share. However, wireless earphones and
headphones are expected to grow at a higher CAGR during the forecast period. The
increasing demand for wireless earphones and headphones is owing to Bluetooth
connectivity, enhanced convenience, increased mobility, and noise cancellation
feature.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The
company specializes in providing exceptional market intelligence and in-depth
business research services for our clientele spread across different
enterprises. We at Polaris are obliged to serve our diverse customer base
present across the industries of healthcare, technology, semi-conductors and
chemicals among various other industries present around the world. We strive to
provide our customers with updated information on innovative technologies, high
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applications, thereby helping them always to make informed decisions and
leverage new opportunities. Adept with a highly competent, experienced and extremely
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