Earphones and Headphones Market | Growing Technology and Trends Analysis 2018 to 2026
A significant growth in demand for wireless earphones and headphones has been registered over the years owing to convenience, portability, and high-definition sound quality. Consumers need convenience and on-the-go services, and opt for wireless earphones and headphones for audio communication and related applications. Wireless earphones and headphones enhance the experience by providing easy and quick transmission, wireless operation, and ease of set up. Hence, the increase in demand for wireless earphones and headphones is expected to drive the growth of the Earphones and Headphones Market.
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According to a new report published by Polaris Market Research the Earphones and Headphones Market is anticipated to reach over USD 16,563 million by 2026. In 2017, earphones dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
The well-known companies profiled in Earphones and Headphones Market report include: -
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- GN Netcom
- Audio-Technica Corporation
- JVC Corporation
- Beats Electronics (Apple Inc.)
- Harman International Industries Inc.
- Plantronics Pty Ltd.
- Philips Electronics Ltd.
- Bose Corporation
These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
The increasing demand of wireless earphones and headphones drives the growth of Earphones and Headphones Market. Increasing penetration of smartphones coupled with declining prices of mobile devices further accelerates the market growth. In addition, the per capita income of consumers has increased considerably, which has resulted in enhanced lifestyle and higher standards of living. Rise in the number of streaming services such as Spotify, Pandora, and Deezer, enhance the music experience for consumers, thereby supporting the growth of headphones and earphones.
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Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the Earphones and Headphones Market throughout the forecast period. The high population in the region coupled with increasing disposable income drives the market growth. The rising penetration of smart phones, and availability of affordable earphones & headphones with advanced features has increased the demand in Asia-Pacific. The increasing application of earphones and headphones in call centers, gaming centers, virtual reality, music and entertainment provide growth opportunities for the market.
TOC of Earphones and Headphones Market:
Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. Market Insights
Chapter 4. Earphones and Headphones Market Size and Forecast
Chapter 5. Dynamics and Segmentation
Chapter 6. Detailed Insight on Company Profiles
Chapter 7. Research Methodology and Reference
Chapter 8. Competitive Landscape
TOC Continued…...!!!
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on Monday November 12 2018, 5:47 AM EST.
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