EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: OVERVIEW
The Global Earphone, Headphone & Bluetooth Speakers Market Was Valued At USD 4508 Million In 2021, The Market Is Projected To Grow USD 11760 Million In 2030, At A CAGR Of 8.90%. Headphones, earphones are simply put, portable and personal speakers made for listening to music and audio. In recent years, even casual everyday headphones have become fashion accessories or status symbols that boast big name brands and big price tags to match. Smartphones and streaming services allow to access almost any song with just a tap of our finger. There are many listening products in the market and device manufacturers changing up the connectivity schemes. Headphones have a special place in every music lover's life, there is a headphone for every mood and music. In the age when travel and noise was unavoidable, customers are also demanding for headphones with noise cancelling technology.
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The Covid-19 outbreak has had an impact on a wide range of businesses and industries, resulting in travel disruptions, lockdowns, and social isolation, among other things. These have hampered the companies' routine operations, resulting in supply chain issues, a lack of vendor coordination, and other problems. With the ongoing spread of the novel coronavirus pandemic, businesses around the world are gradually flattening their recessionary curves by leveraging technology. Many businesses will go through phases of response, recovery, and renewal. Building business resilience and enabling agility will help organizations move beyond the COVID-19 crisis and into the Next Normal.
Global Earphone, Headphone & Bluetooth Speakers Market Report Coverage
|Market Size in 2021:||USD 4508 Million|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||8.90%|
|2030 Value Projection:||USD 11760 Million|
|Historical Data for:||2017 - 2020|
|No. of Pages:||200|
|Tables, Charts & Figures:||92|
|Segments covered:||By Product, By Technology, By Application, By Region|
|Companies Covered:||Apple Inc, Sony Corporation, Bose Corporation, Sennheiser Electronics GmbH & Co. KG, Skullcandy.com, Harman International Industries, Incorporated, GN Store Nord A/S, Logitech International S.A, LG Electronics Inc, Samsung Electronics, Sound United, Others|
|Growth Drivers:||Increasing Demand for Mobiles Devices Drive Market Growth|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: TREND
Innovation in Styling and Technology
There a significant development within fields of application, product design and technology has taken place. Within the field of application, especially headsets being used in connection with e.g. the use of a PC can be pointed out. Besides one or two loudspeakers (in general of the On-ear type), the headset consists of a microphone which makes it possible for the user to communicate interactively with the outside world, e.g. in connection with IP telephony or when the computer is used for games in a network. Another field of application in rapid development is hand-free mobile telephony where the user via a loudspeaker, generally of the In-ear type and an external microphone can use a telephone with very little use of the hands. Within the field of technology, it is especially worth pointing at the Bluetooth technology providing that audio signals are transferred to the loudspeakers without the use of a cord. On the other hand, it is necessary to provide the headphones with a receiver which is in direct connection with the loudspeakers.
EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: DRIVERS
Increasing Demand for Mobiles Devices Drive Market Growth
Mobile devices are changing the way people communicate, work, and socialize. Much of the growing adoption and innovation in the industry is driven by mobile apps. Mobile apps are now being used worldwide to perform a variety of tasks - access social networks, read e-books, play games, listen to music, watch videos and many other meaningful aspects of our lives. In recent years, music players have been gradually swapped by smartphones. Worldwide sales of smartphones in 2011 amounted to 470 million units, and this figure is rising. Smartphones that have rapidly grown in emerging markets is the adoption and usage of mobile apps, which is also increasing the demand for headphones and earphones.
EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: RESTRAIN
Health Concerns regarding Headphones Limit Market Growth
The use of noise-canceling earphones or headphones can reduce the need to raise the volume in such surroundings. The noise-canceling earphones or headphones cut down background noise, these headphones/earphones allow personal audio devices to be used at lower volumes.
EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: SEGMENTATION
The global Earphone, Headphone & Bluetooth Speakers Market is segmented by Product (Earphone, Headphone, and Bluetooth Speakers), By Technology (Wired, and Wireless) By Application (Fitness/Sports, Gaming, Virtual Reality, and Music & Entertainment), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).
The market is divided into the wired and wireless categories based on the segmentation of technology. Consumer demand for style and high-fidelity is driving technological advancements. The inclusion of advanced features such as active noise cancellation (ANC) and near field communication (NFC) is expected to provide users with a better listening experience and greater fluidity in connecting to their music devices. The presence of active noise cancellation (ANC) technology, for example, in earphones and headphones eliminates background noise, improving sound quality. By simply tapping the wireless headphones and music device together, near field communication (NFC) connects them. Such advanced features are expected to drive market growth.
The use of earphones and headphones for fitness activities in a variety of environmental conditions, such as rain and dust, has prompted manufacturers to improve the durability of their products. Several companies have designed their products with an IPX (ingress protection) rating, which is a safety rating that provides dust and water protection. For example, an IPX1 rated device is water droplet resistant and can be dripped with water for 10 minutes. The level of protection ranges from 0 to 9, with the highest level being IPX9, which offers protection against water spray from a high-pressure nozzle.
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SEGMENTATION: BY REGION
Based on the Region, the Global Earphone, Headphone & Bluetooth Speakers Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
Asia Pacific dominated the market in 2019, accounting for 28.6 % of the total. This is due to the region's high smartphone penetration and rising disposable income. Furthermore, due to the emergence of low-cost technology and the availability of cheap labor in the region, various key business players are investing significantly in China. However, the increasing availability of counterfeit products designed and manufactured, particularly in India, has enabled a number of key players to establish manufacturing facilities in the region, resulting in market growth.
EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: KEY PLAYERS
- Apple Inc.
- Sony Corporation
- Bose Corporation
- Sennheiser Electronics GmbH & Co. KG
- Harman International Industries
- GN Store Nord A/S
- Logitech International S.A
- LG Electronics Inc.
- Samsung Electronics
- Sound United
EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: RECENT DEVELOPMENT
- February 2020- Xiaomi has announced the availability of the Mi Outdoor Bluetooth speaker in India. The company claims that the speaker will have a battery life of 20 hours and an IPX5 water-resistant rating. In India, the product launch is part of the company's product diversification strategy.
- August 2019- Infinity by HARMAN is a new lifestyle audio brand launched in India by HARMAN, a wholly-owned subsidiary of Samsung Elect. The company unveiled 11 new and exciting audio products as part of the brand launch, including six Infinity headphones, four portable Bluetooth speakers, and a multimedia 2.1 Bluetooth system.
EARPHONE, HEADPHONE & BLUETOOTH SPEAKERS MARKET: REPORT OVERVIEW
The scope of the report includes a detailed study of regional markets for Global Earphone, Headphone & Bluetooth Speakers Market. The Global Earphone, Headphone & Bluetooth Speakers Market is segmented by product, Technology, application, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global Earphone, Headphone & Bluetooth Speakers Market.
- Bluetooth speakers
- Virtual Reality
- Music & Entertainment
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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