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Asia Pacific Earphones and Headphones Market size will witness substantial growth By 2024

07-19-2019 07:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Asia Pacific Earphones and Headphones Market

Asia Pacific Earphones and Headphones Market

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.

Leading Players are
• Apple
• Beats Electronics
• Shure
• Bose
• Sennheiser Electronics

Advancements in wireless technologies such as Wi-Fi, Bluetooth, and Infrared (IR) are expected to drive the overall earphones and headphones market growth. Wireless technology development can be majorly credited to the exclusion of headphone jacks from smartphones; the technology has become more affordable and is replacing the need for physical cabling.

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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.

A key challenge in the earphones and headphones market is the availability of counterfeit products. Since a few years, several product replicas have given rise to competition for core giants and creating a dent in their market share. The presence of low-cost knockoffs also poses a threat for the earphones and headphones market growth.

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3 Earphones & Headphones Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2012- 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel overview
3.3.2 End-use landscape
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Technological advancements
3.4.1.2 Growing demand across several application areas
3.4.1.3 Rising purchasing power
3.4.2 Industry pitfalls and challenges
3.4.2.1 Unorganized sector
3.5 Growth potential analysis
3.6 Porter’s analysis

Some of the earphones and headphones market participants are Apple, Inc., Bose Corporation, David Clark Inc., Harman International, Inc., JVC, Koninklijke Philips N.V., Sennheiser Electronic, Skullcandy, Inc., Sony Corporation, Grado Labs, Audio Technica Corporation, etc.

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The earphones and headphones market is still growing steadily, and is characterized by fierce competition. The industry demands modernization, with players placing additional importance on unceasing developments in enhanced noise-cancelling functionalities, sound quality, wireless technologies, with major focus on feature oriented systems which are helping in rapid growth.

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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: https://www.gminsights.com

About Global Market Insights:
The earphones and headphones market is still growing steadily, and is characterized by fierce competition. The industry demands modernization, with players placing additional importance on unceasing developments in enhanced noise-cancelling functionalities, sound quality, wireless technologies, with major focus on feature oriented systems which are helping in rapid growth.
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.

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