Press release
Global Headphones Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2028
The global headphones market is anticipated to grow at a CAGR of 7.5% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rise in technological advancements and the easy acceptance and adoption of smart devices along with the high sales of consumer electronic devices globally owing to their deployment in residential and commercial infrastructures. In addition, the increasing utilization of Over the Top (OTT) platforms, such as Amazon Prime, Netflix, Hulu, and Disney Hotstar, for content consumption as consumer interest shifted toward online streaming platforms to watch movies, web series, and talk shows are some factors that support the growth of the global headphones market during the forecast period. Furthermore, the rising preference for sound assistance and Wi-Fi-enabled headphones, increasing R&D expenditure by key players for the development of advanced products, the growing adoption of wireless headsets among sports and fitness enthusiasts, increasing uptake of new technologies, shorter electronic product lifecycles, and constantly evolving audio technologies are further propelling the growth of the globa;l headphones market during the forecast period.Some major players in the market include Apple Inc., Bose Corp., and Panasonic Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2022, Nokia Corp. announced the launch of true wireless and Bluetooth neckband earphones on Flipkart in India which are installed with a Qualcomm QCC3034 Bluetooth Audio chipset and is integrated with noise suppression technology. Further, in August 2019, Soundcore a part of Anker Innovations Co., Ltd. announced the launch of its Life 2 headphones in India, which allows the user the flexibility of connectivity, such as users can go wireless with Bluetooth, or connect an Aux cable for wired listening. Additionally, in July 2019, Beyerdynamic GmbH & Co. KG announced its premium pair of technologically advanced headphones Beyerdynamic Lagoon ANC Featuring Active Noise Cancellation and Wireless Connectivity.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Apple Inc., Bose Corp., and Panasonic Corp., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global Headphones Market is available at:
https://orionmarketreports.com/global-headphones-market/108883/
Global Headphones Market Report by Segment
By Type
• In-Ear
• On-Ear
• Over-Ear
By Application
• Personal
• Corporate
By Distribution Channel
• Supermarket and Hypermarket
• Specialty Stores
• Online Stores
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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