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Earphones and Headphones Market Analysis to 2024 Top Key Players are 3M, Apple, Bang & Olufsen, Bose Corporation, HARMAN International, Philips, LG Electronics, Logitech, Monster, Motorola Solutions, Panasonic, Plantronics, Sennheiser, Shure Incorporated,
Earphones and Headphones
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The industry is anticipated to witness growth over the forecast timespan owing to the rising demand of several applications including industrial, aviation and public safety. Surge in the sales of smart mobile devices has fueled the demand for Bluetooth enabled earphones and headphones, which is anticipated to boost the industry demand across the globe. Developments in the design & engineering to offer compact and light products along with declining earphone and headphone market price trend is propelling the industry growth.
Public safety applications in the earphones and headphones market have witnessed growing adoption across ambulances, aircraft rescues, fire boats and firefighting departments will, thereby driving the industry growth. The systems used in the public safety applications are completely weatherproofed and can be used on some of the most progressive rescues and fire boats.
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Asia Pacific earphones and headphones market is anticipated to witness substantial growth owing to the growing usage of mobile devices and the expanding mobile device industry in densely populated countries such as China and India. The growing demand for the products in the region has been witnessed from the business outsourced processing industry mainly in Philippines and India, which are the largest offshoring centers globally. The growing consumer disposable incomes in the region are also anticipated to act as an impetus in generating demand.
Some of the earphones and headphones market participants are 3M, Apple, Audio-Technica, Bang & Olufsen, Bose Corporation, HARMAN International, JVC, Philips, LG Electronics, Logitech, Monster Inc., Motorola Solutions, Panasonic, Plantronics, Sennheiser, Sepura, Shure Incorporated, Skullcandy Inc., Sony, VOXX International Corporation.
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For instance, in May 2014, Apple, Inc. announced that it acquired Beats Electronics, a U.S. based company which produces audio products. With the acquisition, Apple plans to create and offer the most advanced music products and services globally.
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