Earphone and Headphone Market valuation of US$ 35.2 Bn by 2028 - Comprehensive Research Report by FMI

·8 min read

Earphone and Headphone Market - Analysis, Outlook, Growth, Trends, Forecasts

DUBAI, United Arab Emirates, Jan. 20, 2022 (GLOBE NEWSWIRE) -- The global earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to close in on a valuation of US$ 35.2 Bn by 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period.

Earphone and Headphone Market Size (2022)

US$ 22.3 Bn

Sales Forecast (2028)

US$ 35.2 Bn

Global Market Growth Rate (2022 to 2028)

7.9% CAGR

Share of Top 5 Earphone and Headphone Suppliers

45%

Future Market Insights has recently published a market research report titled “Earphone and Headphone Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.”

Request for Report Sample - https://www.futuremarketinsights.com/reports/sample/rep-gb-270

Developing Countries Turning into ‘Largest Sales Hub’

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market.

The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

Based on product type, the global earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The rapid growth of the music industry and the penetration of music streaming has resulted in significant growth in the demand for earphones and headphones. Based on technology, the global earphone and headphone market is sub-segmented into systems, which include wireless and wired.

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-270

Based on application, the market is sub-segmented into personal use and professional use, which is further divided into corporate offices and media & entertainment, sports, and gaming. Based on headset type, the market is sub-segmented into ANC and Non-ANC. Based on the distribution channel, the market is sub-segmented into distributors & value-added resellers, retail stores, which includes multi-brand stores and exclusive stores, and the e-commerce channel. Based on price range, the market is sub-segmented into low price, medium price, and premium price.

Earphone and Headphone Industry Report Scope

Attribute

Details

Forecast Period

2022-2028

Historical Data Available for

2013-2021

Market Analysis

Value in US$ Mn, Volume in Units

Key Regions Covered

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia & Pacific

  • Middle East & Africa (MEA)

Key Countries Covered

  • U.S.

  • Canada

  • Mexico

  • Brazil

  • Mexico

  • Argentina

  • Germany

  • Italy

  • France

  • U.K

  • Nordic

  • Spain

  • Japan

  • China

  • India

  • Malaysia

  • Thailand

  • Australia

  • GCC Countries

  • South Africa

  • Turkey

Key Market Segments Covered

  • Product Type

  • Technology

  • Headset Type

  • Application

  • Distribution Channel

  • Price Range

  • Region

Key Companies Profiled

  • Sony Corporation

  • JVC Corporation

  • Harman International Industries

  • Bose Corporation

  • Audio-Technica Corporation

  • Skullcandy, Inc.

  • Alclair Audio, Inc.

  • Apple, Inc.

  • Grado Labs

  • Logitech International S.A.

  • Panasonic Corporation

  • Pioneer Corporation

  • Shure Incorporated

  • Ultimate Ears, LLC

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-270

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Explore FMI’s Extensive ongoing Coverage on Technology Domain

Data Exfiltration Market: The data exfiltration services market is projected to grow from US$ 66.5 Bn in 2020 to US$ 145.1 Bn by 2031, at an expected CAGR of 23.7% during the forecast period 2021-2031.

Content as a Service (CaaS) Market: The content as a service market is projected to grow with a remarkable CAGR of 10.5% during the forecast period 2021-2031.

Cloud Telephony Services Market: The cloud telephony services market is projected to grow from US$ 23.1 Bn in 2020 to US$ 67.1 Bn by 2031, at an expected CAGR of 20.7% during the forecast period 2021-2031.

AI in Telecommunication Market: According to latest research, AI in Telecommunication market is estimated to reach around 12 Bn in 2031 with an expected CAGR of 35%.

Long Haul Solutions Market: Long haul solutions market was valued ~US$ 6.1 Bn in 2020, and is expected to grow at a CAGR of ~9.2% during the forecast period 2021-2031.

In-Store Analytics Market: In-Store Analytics market is projected to record more than 25% growth rate during the forecast period and expected to reach US$ 5 Bn by 2031.

Packet Optical Networking Market: The packet optical networking market is projected to grow from US$ 21 Bn in 2020 to US$ 92 Bn by 2031, at an expected CAGR of 21.0% during the forecast period 2021-2031.

Optical Cross Connect Market: The optical cross connect market is projected to grow with an impressive CAGR during the forecast period 2021-2031.

HR Analytics Market: The HR analytics market is projected to grow from US$ 2.9 Bn in 2020 to US$ 10.5 Bn by 2031, at an expected CAGR of 20.2% during the forecast period 2021-2031.

Gamification in Education Market: Gamification in Education market is projected to record more than 30% growth rate during the forecast period and expected to reach US$ 2 Bn by 2031.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/earphones-headphones-market
Press Release Source: https://www.futuremarketinsights.com/press-release/earphones-headphones-market



Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting