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Global Earbuds Market 2018 (US, Canada, UK, Germany, China, South Korea), Forecast to 2023

12-07-2018 12:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

Global Earbuds Market 2018 (US, Canada, UK, Germany, China,

ReportsnReports.com adds "Earbuds Market - Global Outlook and Forecast 2018-2023" report to its research store.

The global earbuds market size is expected to reach values of around $10 billion by 2023, growing at an impressive CAGR of approximately 30% 2023.

This market research report on global earbuds market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by features (smart and non-smart), by price range (low range, medium range, and high range), and by geography (North America, APAC, Europe, and ROW).

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Global Earbuds Market - Overview

The launch of smart wireless in-ear headphones by Bragi back in 2015 introduced and propelled the development of the global earbuds market. These products are designed and launched in as wireless smart headphones with sensors, chargeable carry case, capable of controlling the playback, and activating voice assistants like Siri, Google Now, Cortana, and Alexa.

In 2017, Apple launched their flagship product - AirPods which eventually became the highest selling earbudsin the US and Canadian market. The increasing penetration of smartphones and growing demand for smart tech in emerging countries of China and India will boost the demand for medium range products in the global market. Leading vendors are introducing products with assisted hearing technology that offer a wide range of functionalities that include enhanced music and listening experience, control over external sounds, and real-time language translation.

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These technologically enhanced products are designed to meet consumer expectations thereby, boosting revenues in the global market. The integration of hearing aids to help people with hearing disorders, extended battery life, and active noise cancellation are some of the features offered by top players in the global market. The launch of new product portfolios that offer touch and tap interface to control various functions, sensors to recognize when to pause or play music, and gesture recognition to answer/end call will transform the global earbuds market.

Key Countries Profiled in Global Earbuds Market:

The key countries profiled in the report are:
• US
• Canada
• UK
• Germany
• China
• South Korea

Key Vendor Analysis

The global earbuds market is still niche and consist of a small number of players that control the level of the competition. Bragi was one of the first vendors to launch a product that was a little higher than smart wireless headphones that were available in the market. After the launch of Apple’s AirPod the market concentrated further as it controlled a major portion of the revenues in the market and especially in the US. Product development and launch of new variants by tech giants such as Samsung and Google and other headphone companies such as Jabra, Bose, and Sony will intensify the competition in the global market during the forecast period.

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Additionally, the companies are offering low range and mid-range products in the emerging nations of APAC and MEA to gain a larger market share in the global earbuds market.

The major vendors in the global market are:
• Apple
• Alphabet
• Bragi
• Samsung
• Nuheara
• Sony
• Jabra
• Bose

Other prominent vendors include Jaybird, Alpha Audiotronics, Rowkin, Huawei, Avanca, Bang & Olufson, Crazybaby, Earin, Meizu, Motorola, Waverly Labs, and Mymanu.

Key market insights include

1. The analysis of global earbuds market provides market size and growth rate for the forecast period 2018-2023.

2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global earbuds market.

3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.

4. It offers a complete overview of market segments and the regional outlook of global earbuds market.

5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

Browse all latest consumer goods market research reports at https://www.reportsnreports.com/market-research/consumer-goods/.

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