Global Earphones and Headphones Market Insights Forecasts to 2030
- The global Earphones and Headphones market was valued at USD 34 billion in 2021.
- The market is growing at a CAGR of 20% from 2022 to 2030
- The global Earphones and Headphones market is expected to reach USD 126 billion by 2030
- The North America is expected to grow the fastest during the forecast period
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The global Earphones and Headphones market is expected to reach USD 126 billion by 2030, at a CAGR of 20% during the forecast period 2022 to 2030. The increasing preferences of the consumers for enhanced audio experience, growth of music industry along with internet penetration and mobile technology are the key driving factors of global earphones and headphones market.
The earphones and headphones are electronic audio gadgets which serves the purpose of enhancing the listening experience with the introduction of the Active Noise Cancellation method. These gadgets are basically a pair of small loudspeakers along with electroacoustic transducers and convert electrical signals into sound. There are various earphones and headphones available with comfortability and ease to wear. It is widely accepted in the music and entertainment industry, gaming zones, telecommunications departments, and many others. Apart from this, consumer products like portable music players, digital cameras, and game consoles have made a huge contribution to the development of the electronic products industry. The recent developments in personal computers such as laptops and desktops have resulted into a significant increase the growth of the global earphones and headphones that result into the launch of new processors and other components of the system.
This research report categorizes the market for Earphones and Headphones based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Earphones and Headphones market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Earphones and Headphones market.
The earphones and headphones market has witnessed sudden growth as the consumers have shown its interest over the enhances learning experience. Additionally, the advancement in technology like active noise cancellation methods and development of notch less smartphones are the key driving factors that are leading to the growth of the global earphones and headphones market. In addition, the rising popularity of the smart electronic wearables, uninterrupted internet connectivity, and smartphones is the other factors that will impact positively for the growth of the global earphones and headphones market. Apart from this, the growth of the earphones and headphones market is driving the market growth by continuous novel innovations and the launch of new advanced technology on the field of games, electronics, and music industry. Additionally, the development and inclusion of navigation and infotainment features like the Global Positioning System (GPS) are propelling market expansion. High-speed internet access and the quickly expanding 5G network infrastructure are further driving the market's expansion.
The market's growth is anticipated to be hampered by the high price of high-quality items and the abundance of available options.
Global Earphones and Headphones Market Report Coverage
|Forecast Period 2021-2030 CAGR:||20%|
|2030 Value Projection:||USD 126 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||199|
|Tables, Charts & Figures:||117|
|Segments covered:||By Technology, By Application, By Price, By Region, COVID-19 Impact Analysis|
|Companies Covered:||Apple Inc., Harman International Industries, Inc., Bose Corporation, Sony Corporation, GN Store Nord A/S, Sennheiser Electronics GmbH & Co. KG, Skullcandy.com|
|Pitfalls & Challenges:||Due to the increasing number of COVID-19 cases|
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- In 2021, Wired segment is dominating the market over the forecast period.
On the basis of type, the global earphones and headphones market is segmented into wireless and wired. Among these, wired segment is dominating the market over the predicted timeframe due to their popularity among the customers and is anticipated to maintain its dominance over the forecast period. In fact, Asia Pacific region have transformed into the global hub for diodes and transformers and the PCBs in the recent years due to the technological advancement and rapid urbanization.
- In 2021, Music & Entertainment and Gaming holds the largest market during the forecast period.
Based on application, the global earphones and headphones market is segmented into virtual reality, music & entertainment, gaming, and fitness/ sports. Among these, the music & entertainment, and gaming are the key contributors of the global earphones and headphones market due to their increasing popularity among the consumers and are going to hold its dominance during the forecast period. Information Technology and Telecommunication have made a huge growth in South Asian countries in the recent years on a large scale basis and have grabbed the attention of European and American MNCs.
- In 2021, earphones segment dominated the market with the largest market share of 52%.
On the basis of product, the global earphones and headphones market is segmented into earphones and headphones. Among these, earphones segment is dominating the market with the largest market share of 52%. This is due to the comfort in listening music, compact size, and low cost. The lightweight design as well as the portability of the earphones make them the ideal choice for sports and fitness enthusiasts. Apart from this, earphones also provide good passive isolation from external noise which translates into an immersive music listening experience for the user and is anticipated to drive the market growth.
- In 2021, the USD 50 to USD 100 segment dominates the market with the market share of 39%.
Based on the price, the global earphones and headphones market is segmented into Less than USD 500, Between USD 50 to USD 100, Above USD 100. Among these, the USD 50 to USD 100 segment holds the largest market share of 39% over the forecast period. This is due to the technological developments which are driving owing to the consumer demand for high fidelity and style. Apart from this, short product replacement cycle resulting in positive impact on the earphones and headphones adoption. Additionally, increasing demand for improved audio quality experience and couples with economic volatility related to these devices are driving the usage of USD 50 to USD 100 earphones and headphones.
Regional Segment Analysis of the Earphones and Headphones Market
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- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific is dominating the market with the largest market share of 29% owing to the high usage of smartphones and increasing disposable income in the region. Apart from this, different key business players have started making huge investment in China due to the introduction of low-cost technology and availability of cheap labour in this region. But the rising availability of counterfeit products manufactured and designed in India has prompted various key players to establish their manufacturing facilities in the region, thus results in market growth.
The report offers the appropriate analysis of the key organizations/companies involved within the global Earphones and Headphones market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players
- Apple Inc.
- Harman International Industries, Inc.
- Bose Corporation
- Sony Corporation
- GN Store Nord A/S
- Sennheiser Electronics GmbH & Co. KG
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Earphones and Headphones market based on the below-mentioned segments:
Global Earphones and Headphones Market, By Technology
Global Earphones and Headphones Market, By Application
- Music & Entertainment
- Virtual Reality
Global Earphones and Headphones Market, By Product
Global Earphones and Headphones Market, By Price
- Less than USD 500
- Between USD 50 to USD 100
- Above USD 100
Global Earphones and Headphones Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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