Global Headset Market Size To Grow USD 558900 Million by 2030 | CAGR 32%Category: Semiconductors & Electronics
Global Headset Market worth $558,900 million by 2030
According to a research report published by Spherical Insights & Consulting, the Global Headset Market Size to grow from USD 61079 Million in 2021 to USD 558,900 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 32% during the forecast period.
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Browse key industry insights spread across 200 pages with 123 market data tables and figures & charts from the report “Global Headset Market Size, Share, and COVID-19 Impact Analysis, By Type (In-ear, Over Ear), By Price Band (Below USD 50, USD 51 – 150, USD 151-350, Over 351), By Connectivity (Wired Wireless), By Application (Personal, Commercial), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030“ in detail along with the table of contents. https://www.sphericalinsights.com/reports/headset-market
A device that can be worn on the ears to enable communication with others called a headset. These devices are used by people for a wide range of activities, including as gaming and telephone. The fundamental components of headsets are the audio speakers (or earphones) that go inside your ears and deliver sound, as well as a second pair of speakers known as a boom mic for speech input. Usually, a headband that covers your top of the head connects these two halves. Changing consumer needs have led to a wide acceptance of more sophisticated devices with features like voice control, noise cancellation, multiple pairing, and others. In a similar vein, the market has recently witnessed a growth in demand for products built expressly for gaming, with cutting-edge features like in-game communication and virtual surround sound to deliver immersive surround audio to support and enhance the gaming experience. The development of active noise cancellation technologies, which improve consumer listening, is predicted to accelerate market expansion. By offering greater noise attenuation, noise-canceling headphones offer superior hearing protection against continuous noise levels. The market is saturated with fitness tracking apps from different producers, which is helping the industry flourish. The market demand is projected to be primarily driven by the expanding use of headsets when exercising in the following years. Sporty people and gym goers want hassle-free wireless gadgets to avoid tangling, which can cause training disruptions. Manufacturers offer cutting-edge features like fitness tracking and monitoring to entice clients who are health-conscious. Numerous manufacturers have fitness tracking apps available on the market, which is enabling the sector to grow. In the upcoming years, it is anticipated that an increase in the use of headsets when exercising would largely drive the market demand. Sporty persons and gym patrons prefer hassle-free wireless devices to prevent tangling, which can interfere with training. To attract customers who are health-conscious, manufacturers offer cutting-edge features like fitness tracking and monitoring.
The in-ear segment is dominating the market over the forecast period.
Based on type, the global headset market is segmented into in-ear and over ear. Among these, the in-ear segment is dominating the market over the forecast period. Products are now lighter and more compact as a result of technical improvements, which makes them more suitable for usage with tablets and smartphones. Also encouraging people to adopt in-ear earphones to enhance their overall experience is the superb listening quality provided by in-ear devices.
The USD 51-150 segment is dominating the market with the highest CAGR.
On the basis of price range, the global headset market is segmented into Below USD 50, USD 51 – 150, USD 151-350, Over 351. Among these, the USD 51-150 segment is dominating the market with the highest CAGR. Due to the abundance of goods from well-known companies in this price range, the USD 51-150 market has become more and more well-liked. The demand for a device in the USD 51–150 price range is anticipated to be significant as several small enterprises introduce new products with cutting-edge features at affordable prices. This market is also anticipated to grow as a result of the COVID-19 effect, which affects personal income and leads customers to seek for medium-priced goods.
Wireless segment is going to witness the significant growth over the forecast period.
Based on connectivity, the global headset market is segmented into wired, wireless. Among these, the wireless segment is going to witness the significant growth over the forecast period. Due to the utilisation of cutting-edge technologies like SKAA technology, augmented reality, and artificial intelligence, the market for wireless headsets is growing significantly. The demand for the wireless headset market's share is being fueled by the introduction of earless, intelligent headsets that use bone conduction technology. The deaf can hear thanks to bone conduction technology, and swimmers may listen to music while immersed. Increased accessibility and unique product options are fueling the demand for wireless headsets.
The Personal segment is dominating the market with highest CAGR.
On the basis of application, the global headset market is segmented into Personal, Commercial. Among these, the personal segment is dominating the market with highest CAGR over the forecast period. The market is expected to expand in the upcoming year due to the rise in technological innovation and developments. The availability of gaming, fitness, sports, casual, and virtual reality headsets is expected to enhance demand for the personal application category. Mandates for working remotely are also significantly increasing demand for personal headsets. Now that office conferences, meetings, and training sessions must be attended remotely, the need for personal headsets has skyrocketed. Greater OTT platform usage as well as an increase in free time during lockdowns have helped the personal market.
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North America is dominating the market over the forecast period.
North America is dominating the market with the CAGR of 28.2% over the forecast period. The proliferation of cellphones is driving the North American market. The rising popularity of new technology products and the presence of well-known companies are expected to cause the headset market to grow throughout the predicted timeframe. As more affordable wireless devices become accessible, the region's wireless market is also predicted to expand. The European region is expected to continue growing as a result of the continuous consumption of high-end goods in these regions.
Major vendors in the Global Headset Market include Beats, Plantronics, Sennheiser, Sony, GN Netcom, Harman, Bose, JVC, Philips, Logitech, Skullcandy, Audio-Technical, Jawbone, Motorola, Monster, Samsung, LG.
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