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Earphones And Headphones Market | Sennheiser Electronic, Beats Electronics, Panasonic, Pioneer, Sony, Skullcandy, Ultimate Ears Company, Koninklijke Philips N.V., Sennheiser electronic GmbH & Co. KG, Bose Corporation, Shure Incorporated, Beats Electronics

Earphones And Headphones Market | Sennheiser Electronic, Beats

Growing consumer preference for mobiles, iPhones, and portable audio players such as MP3 music players will accelerate earphones and headphones market demand over the years to come. The flourishing demand for Wi-Fi and Bluetooth technologies, as per analysts, is also expected to add toward the development of this business in the ensuing years. Statistics claim that two major factors that may very well impel the growth of earphone and headphone industry are the rapid economic growth and the increasing per capita income across numerous geographies.

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"Earphone and headphone industry size, worth USD 20 billion in 2016, is projected to surpass USD 25 billion by 2024." Furthermore, it is noteworthy to mention that the rapidly expanding home audio equipment sector will also contribute significantly toward earphones and headphones market revenue over the coming six years. Industry players have been undertaking efforts to generate innovative product and subsequently create a marketplace for them with out-of-the-box branding strategies, eventually giving rise to bright growth prospects for earphones and headphones market.

The competitive landscape of earphones and headphones market include
1. Ultimate Ears Company
2. Koninklijke Philips N.V.
3. Sennheiser electronic GmbH & Co. KG
4. Bose Corporation
5. Shure Incorporated
6. Beats Electronics Company
7. Grado Labs
8. Aclair Audio
9. Panasonic Corporation
10. Pioneer Corporation
11. Sony Corporation
12. Skullcandy Incorporation.

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Apart from incorporating innovative characteristics, players in earphones and headphones market are strongly focusing on enhancing the safety factor of the product, pertaining to the rise in the number of headphone explosion cases.

Recently, on Feb 2017, a passenger travelling from China got severely injured because of a headphone explosion, apparently due to the product's batteries. Subject to this, earphone and headphone manufacturers have been developing products with a robust design to ensure hearing protection to workers, which in turn, will stimulate earphones and headphones market share over the coming timeframe.

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