Press release
Smart Headphone Market Incredible Growth by New Technology and Latest Trends with Forecast up to 2025
Smart headphone is a device, which perform various function such as fitness & heart rate tracking, voice-based personal assistants, contextual location-based suggestions, environment-based noise suppression or audio enhancement, and gesture & touch-based control along with is primary function of listening to audio signals.The global smart headphones market is expected to register significant growth in the near future, owing to increase in penetration of infotainment devices, rapid technological advancements, and surge in need for mobility services. However, adverse effect on hearing ability due to excessive usage of headphones is expected to limit the market growth. On the contrary, customers’ increasing need for convenience is anticipated to provide ample of growth opportunity to the smart headphone market.
The major companies profiled in the smart headphone market report include Bose Corporation, Apple Inc., Sennheiser Electronic, Sony, Skullcandy, Samsung Electronics, Bragi, LG Electronics, JBL (Harman International Industries, Incorporated) and Koninklijke Philips N.V., and others.
According to a recent report published by Allied Market Research, titled, Global Smart Headphone Market by type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global smart headphone market was valued at $5,033.8 million in 2017, and is projected to reach $21,809.5 million by 2025, growing at a CAGR of 20.2% from 2018 to 2025.
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Presently, Asia-Pacific dominates this market. In 2017, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall smart headphone market in Europe in 2017. In the same year, the U.S. dominated the North America market.
In 2017, based on type, the in ear type was the dominant segment, in terms of revenue, and is anticipated to continue this trend during the forecast period. However, based on distribution channel, offline segment dominated the global market in the same year.
Consumers' Increasing Need for Convenience
In the present scenario, increase in use of portable devices has led to rise in adoption of smart headphones to be used with these devices. Customers seek for convenience, which can be can be delivered by such smart devices. For instance, smart headphones offer various benefits to the consumers such as liberty from maintaining wired connection of devices, easy connectivity, noise cancellation, and others. Thus, this factor is anticipated to provide lucrative opportunities for the expansion of the smart headphone market.
Key Benefits
• This study comprises analytical depiction of the global smart headphone market size with current trends and future estimations to depict the imminent investment pockets.
• The overall smart headphone market potential is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current smart headphone market size is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart headphone market.
• The report includes the smart headphone market share of key vendors and smart headphone market trends.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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