Top Trends and Drivers Pushing the Global Wireless Headphones Market to $34 billion by 2024 | Arizton

Arizton’s recent market research report on the global wireless headphones market provides comprehensive industry analysis, market trend forecasts, and competitive analysis. The research study segments the market by feature (smart and non-smart), by type (in-ear, on-ear, and over-ear), by price range (low, moderate, and premium), by end-use (entertainment, fitness & sports, and gaming), by geography (APAC, Europe, North America, Latin America, and MEA), and offers detailed competitive analysis.

The global wireless headphones market is expected to reach values of around $34 billion by 2024, growing at a CAGR of approximately 20% during 2018-2024.

The market research report also offers market share analysis in terms of unit volumes produced during the forecast period. The vendors are focusing on offering top-quality sound and comfort to end-users to maximize their profits in the global market. The incorporation of new technologies such as gesture recognition and control, active head tracking, biometric monitoring, 3D surround sound delivery, and onboard storage in over-ear headphones will boost revenues in the global wireless headphones market.

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The top 3 drivers and trends contributing to the growth of the global wireless headphones market are discussed below:

Innovations in audio technology and headphones manufacturing

Technologies and innovations in the manufacturing process will help vendors to attract a maximum number of consumers in the global wireless headphones market. The noise cancellation and stronger wireless connectivity are two of the most prolific advancement incorporated in the global market. The increasing adoption and usage of the internet and smartphones across developing and emerging nations is creating lucrative opportunities for the leading vendors operating in the market. The demand for smart accessories in various countries such as India and China are fueling the demand for these products in the global wireless headphones market. The growing popularity of the number of users listen to music or use audio devices for communication will positively impact the development of the global market. The integration of Bluetooth technology enables good quality audio and is the number one preference for OEMs in the global market. The noise-cancellation features that can regulate ambient sounds using active noise control, thereby enabling consumers to concentrate solely on the music without being tied to a device will boost the demand for innovation in the market. With the emergence of the digital stream, the requirement of smart devices will increase to a new manifold and propel the growth of the global wireless headphones market.

Booming fitness and entertainment industries

The proliferation of the health and wellness industry due to an unhealthy lifestyle will boost the demand for new products in the global wireless headphones market. The enrollments in gyms and fitness clubs have increased over the last couple of years. The growing number of health-conscious population and the increasing awareness of the benefits of doing exercises are prompting individuals to get fitness club membership in their locality and driving the demand in the global market. The integration of health sensors and biometric monitoring capabilities will fuel the development of the global wireless headphones market. Earphones morphing into multifunctional smart gadgets will augment in the evolution of the market. The consumers are using earbuds to listen to music, stream digital podcasts, audiobooks, and to answer calls while keeping their hands free. The various gyms, health clubs, and spas and wellness centers are incorporating different genres of music and at different sound levels, thereby driving the demand for new devices in the market. Therefore, the growing demand for fitness clubs and the rising number of actively engaged gyms will fuel the growth of the global wireless headphones market.

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Minimize the size, maximize the audio quality and features

The ever-changing consumer preferences and technological advancements are leading to a surge in product miniaturization and fuel development in the global wireless headphones market.The evolution of the earphones been through several evolutions and has become a smart device today. The focus on the comfort of the consumers and sound quality is of most importance for vendors operating in the global wireless headphones market. Hyper-compression techniques are used for boosting the dynamics of recordings, which make them loud while necessarily decreasing their total dynamic range. This trend is also impacting the mobile listening experience, which includes complex interactions of audio technologies, human perception and sensations, and contextual factors. The growing demand for products with high clarity, volume, bass experience, and natural noise isolation is augmenting the development of the global wireless headphones market.

The leading vendors in the global wireless headphones marketare Apple, Bose, Samsung, Sony, and Sennheiser.

The complete overview of the latest market research report on the global wireless headphones market by Arizton is now available.

The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.

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