Press release
Earphones And Headphones Market By Industry Key Players: Ultimate Ears Company, Koninklijke Philips N.V., Sennheiser electronic GmbH & Co. KG, Bose Corporation, Shure Incorporated, Beats Electronics Company, Grado Labs
Earphones And Headphones Market
Growing consumer preference for mobiles, iPhones, and portable audio players such as MP3 music players will accelerate earphone and headphone market demand over the years to come. The flourishing demand for Wi-Fi and Bluetooth technologies, as per analysts, is also expected to add toward the development of this business in the ensuing years. Statistics claim that two major factors that may very well impel the growth of earphone and headphone industry are the rapid economic growth and the increasing per capita income across numerous geographies.
As per Global Market Insights, Inc., “Earphone and headphone industry size, worth USD 20 billion in 2016, is projected to surpass USD 25 billion by 2024.” Furthermore, it is noteworthy to mention that the rapidly expanding home audio equipment sector will also contribute significantly toward earphone and headphone market revenue over the coming six years. Industry players have been undertaking efforts to generate innovative product and subsequently create a marketplace for them with out-of-the-box branding strategies, eventually giving rise to bright growth prospects for earphone and headphone market.
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Top Key Players: -
The competitive landscape of earphone and headphone industry include Ultimate Ears Company, Koninklijke Philips N.V., Sennheiser electronic GmbH & Co. KG, Bose Corporation, Shure Incorporated, Beats Electronics Company, Grado Labs, Aclair Audio, Panasonic Corporation, Pioneer Corporation, Sony Corporation, and Skullcandy Incorporation.
Market share calculation in this report is not done based on companies covered in it. The calculation of earphones and headphones market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
Apart from incorporating innovative characteristics, players in earphone and headphone market are strongly focusing on enhancing the safety factor of the product, pertaining to the rise in the number of headphone explosion cases.
Recently, on Feb 2017, a passenger travelling from China got severely injured because of a headphone explosion, apparently due to the product’s batteries. Subject to this, earphone and headphone manufacturers have been developing products with a robust design to ensure hearing protection to workers, which in turn, will stimulate earphone and headphone market share over the coming timeframe.
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Partial Chapter of the Table of Content
Chapter 4 Earphones & Headphones Market, By Technology
4.1 Earphones market share by technology, 2016 & 2024
4.2 Headphones market share by technology, 2016 & 2024
4.3 Earphones
4.3.1 Wired Technology
4.3.2 Wireless Technology
4.4 Headphones
4.4.1 Wired Technology
4.4.2 Wireless Technology
Chapter 5 Earphones & Headphones Market, By Application
5.1 Earphones market share by application, 2016 & 2024
5.2 Headphones market share by application, 2016 & 2024
5.3 Earphones
5.3.1 Consumer
5.3.2 Call Center
5.3.3 Industrial
5.3.4 Aviation
5.3.5 Construction
5.3.6 Public Safety
5.4 Headphones
5.4.1 Consumer
5.4.2 Call Center
5.4.3 Industrial
5.4.4 Aviation
5.4.5 Construction
5.4.6 Public Safety
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In terms of technology, this industry encompasses wireless and wired products. The latter, as observed has been gaining popularity subject to the factor of price sensitivity. Numerous technological innovations in wireless products to improve the hearing experience coupled with rising efforts to curb noise pollution will however, drive wireless earphone and headphone industry revenue over the next few years.
The launch of novel wireless products, such as Apple’s recent announcement of launching Bluetooth powered headphone has led to the widespread adoption of such products across various economies. According to a market study, wireless earphone and headphone market is slated to register an annual growth rate of more than 5% over the period of 2017-2024.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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