Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Earphones and Headphones Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global earphones and headphones market is projected to reach values of more than $36 billion by 2024, growing at CAGR of around 13% during 2018-2024. The market research report also offers market share analysis in terms of unit volumes during the forecast period.
The increase in the number of mobile devices, access to music and video content on-the-go, and the fast evolving music industry are some of the major factors attributing to the growth of the global market. The exponential growth of digital media, especially entertainment services such as video, audio, and multimedia will drive the demand for innovative devices in the market.
The global earphones and headphones market is driven by the growing demand for portable devices for high-quality sound and an enhanced audio experience. The growing array of platforms on which users can access and stream audio and video content will contribute to the revenues in the global market. The market research report provides in-depth market analysis and segmental analysis of the global earphones and headphones market by technology, type, features, end-use, and geography.
The report considers the present scenario of the global earphones and headphones market and its market dynamics for the period 2018-2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply side of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the earphones and headphones market.
Earphones and Headphones Market - Dynamics
Market vendors have recently launched wireless headphones with noise-cancellation features that can regulate ambient sounds using active noise control, thereby enabling consumers to concentrate solely on the music without being tied to a device. These wireless headphones can also deliver a mix of ambient sounds and music from the device, thereby allowing consumers to listen to the digital stream while keeping them aware of their surroundings as well.
Earphones and Headphones Market - Segmentation
This market research report includes a detailed segmentation of the market by technology, type, features, end-use, and geography. The global earphones and headphones market by technology is classified into wired, wireless, and true wireless. Wireless segment dominated the total market share in 2018, growing at a CAGR of approximately 16% during the forecast period. The increasing requirement of high-quality sound experience and integration with hearing aids and commercial headsets is fueling the growth of this segment in the global market. The growing demand for wired products across emerging countries in APAC will fuel the growth of the global market. Wireless earbuds offer higher control over surrounding sounds and Apple, Motorola, HTC, Google, and LeEco are leading players in this segment in the global earphones and headphones market.
The product type segment in the global earphones and headphones market is divided into in-ear, on-ear, and over-ear. In-ear products are the fastest growing segment in the global market, at a CAGR of more than 13% during the forecast period. The relatively low cost of ownership, compactness, and convenience of the in-ear products is fueling the growth of this segment in the global market. The top companies are focusing on improving the battery life to increase the playback time of their wireless models and launch new lightweight over-head models to gain a larger global earphones and headphones market.
The global earphones and headphones market by features is segmented into smart and non-smart. Smart devices occupied the largest market share in 2018, growing at a CAGR of approximately 17% during the forecast period. The launch of new smart products with latest technologies including water resistance, noise cancellation, HD and Blu-ray sound format, 3D surround sound, storage capacity, and several other innovations are fueling the growth of this segment in the global market.
Earphones and Headphones Market - Geography
The global earphones and headphones market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. North America dominated the market share in 2018, growing at a CAGR of around 13% during the forecast period. The growing number of smartphone users and high-speed internet connectivity, many consumers prefer streaming their favorite music, videos, and podcasts at any place and anytime is driving the growth of the North American market.
The increasing number of adoptions of paid digital audio subscriptions and the growth of the fitness and sports industry is fueling the growth of the European market. China, South Korea, and India are the largest revenue generators in the APAC region in the global earphones and headphones market.
Key Vendor Analysis
The global earphones and headphones market is witnessing the entrance of new players offering varied products. The introduction of true wireless headphones and the unprecedented adoption among the consumers is intensifying the competition in the market. The players are launching new products equipped with smart and intelligent features and abilities to sustain the competition in the market. Some of the top companies are offering language translation and augmented hearing abilities to gain a larger global earphones and headphones market share.
The major vendors in the global market are:
- Apple
- Bose
- Samsung
- Sony
- Sennheiser
- Skullcandy
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Innovative headphone manufacturing and audio technologies
8.1.2 Common practice of owning more than one headphone pair
8.1.3 Rising demand for use in fitness and entertainment activities
8.1.4 Limited edition models and collaborations with industry partners
8.2 Market Growth Restraints
8.2.1 Counterfeit products posing threat to market vendors
8.2.2 Health concerns due to prolonged use of headphones hurting sales
8.3 Market Opportunities & Trends
8.3.1 Innovations leading to transition of wireless headphones into hearables
8.3.2 Real-time language translation to become standard feature
8.3.3 Adoption of newer technologies for product enrichment
8.3.4 Maximizing audio quality and features while reducing bulk
9 Global Headphones Market
9.1 Market Size & Forecast (Revenue & Units)
9.2 Porter's Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry
10 By Technology
10.1 Market Overview
10.2 Global Headphones Market by Technology
10.2.1 Market Size & Forecast (Revenue)
10.2.2 Market Size & Forecast (Units)
11 Wired Headphones
11.1 Market Size & Forecast (Revenue & Units)
11.2 Market by Geography
11.3 By Headphones Type
11.3.1 Wired In-ear Headphones: Market Size & Forecast
11.3.2 Wired On-ear Headphones: Market Size & Forecast
11.3.3 Wired Over-ear Headphones: Market Size & Forecast
11.4 Wired Headphones with 3.5 mm Jack
11.5 Wired Headphones with Lightning Port
11.6 Wired Headphones with Type-C Port
12 Wireless Headphones
12.1 Market Size & Forecast (Revenue & Units)
12.2 Market by Geography
12.3 By Type
12.3.1 Wireless In-ear Headphones: Market Size & Forecast
12.3.2 Wireless On-ear Headphones: Market Size & Forecast
12.3.3 Wireless Over-ear Headphones: Market Size & Forecast
13 True Wireless Headphones
13.1 Market Size & Forecast (Revenue & Units)
13.2 Market by Geography
14 By Product Type
14.1 Market Overview
14.2 Global Headphones Market by Product Type
15 In-ear Headphones
15.1 Market Size & Forecast (Revenue & Units)
15.2 Market by Geography
15.3 By Technology
15.3.1 In-ear Wired Headphones: Market Size & Forecast
15.3.2 In-ear Wireless Headphones: Market Size & Forecast
15.3.3 In-ear True Wireless Headphones: Market Size & Forecast
16 On-ear Headphones
16.1 Market Size & Forecast (Revenue & Units)
16.2 Market by Geography
16.3 By Technology
17 Over-ear Headphones
17.1 Market Size & Forecast (Revenue & Units)
17.2 Market by Geography
17.3 By Technology
18 By Features
18.1 Market Overview
18.1.1 Global Headphones Market by Feature
18.2 Smart Headphones
18.3 Non-smart Headphones
19 By End-use
19.1 Market Overview
19.1.1 Global Headphones Market by End-use
19.2 Entertainment Headphones
19.3 Fitness & Sports Headphones
19.4 Gaming Headphones
20 By Geography
Key Company Profiles
- Apple
- Bose
- Samsung
- Sony
- Sennheiser
- Skullcandy
Other Prominent Vendors
- Jabra
- Bang & Olufsen
- Jaybird
- Motorola
- Xiaomi
- Huawei
- Avanca
- Amkette
- Asus
- Audio-Technica
- Beyerdynamic
- Creative Technology
- Denon
- Grado Labs
- House of Marley
- Jays
- JVC Kenwood
- Logitech
- Monster
- Panasonic
- Parrot
- Philips
- Pioneer
- Shure
- Sol Republic
- Turtle Beach
- UrbanEars
- Westone Laboratories
- Alphabet
- Bragi
- Nuheara
- Rowkin
- Crazybaby
- Earin
- Meizu
- Waverly Labs
- Mymanu
- Toshiba
- RHA
For more information about this report visit https://www.researchandmarkets.com/research/xcdtqh/global_earphones?w=12
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