Noise Cancelling Headphones Market Accelerates at 5.7% CAGR to Hit 9.06 Billion by 2032

Worldwide sales of noise cancelling headphones market currently value of US$ 5.2 billion and are estimated to reach US$ 9.06 billion by the end of 2032. Between 2022 and 2032, the global noise cancelling headphones market is predicted to expand at a CAGR of 5.7%.

Noise cancelling earphones and ANC earbuds have gained significant popularity over recent years as smartphone proliferation has increased at a rampant pace, subsequently driving high sales of Bluetooth wireless accessories.

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Key Takeaways:

• North America is expected to be the largest market for noise cancelling headphones, accounting for 27.4% of demand share in 2022.

• Europe noise cancelling headphones market is expected to contribute nearly 24.7% of revenue share in 2022, with the U.K. leading the growth

• China is expected to emerge as the most remunerative noise cancelling headphones market across East Asia through 2022 & beyond

• Sales through online channels are likely to increase at a robust pace over the forecast period due to last mile delivery and lower prices than offline models

• India is anticipated to be a key market for noise cancelling headphone manufacturers due to expansion of consumer electronics sector

Growth Drivers:

• Availability of advanced features such as bluetooth connectivity, integration of smart-voice activation and compatibility with smart devices will drive demand.

• Growing sales of smartphones and smart devices such as Alexa and Google Homes are likely to create opportunities for noise cancelling headphones manufacturers.

• Proliferation of work-from-home and hybrid model in offices will create demand for premium headphones, boosting the noise cancelling headphones market.

Restraints:

• Patent protection is one of the key restraints impacting the growth of noise cancelling headphones market.

• Although price of noise cancelling headphones has come down in last couple of years, they are still more expensive than normal headphones. This is causing low sales in low- and middle-income economies.

Competitive landscape:

Key noise cancelling headphone manufacturers are focusing on launching new innovative products to maximize their sales potential and gain a competitive advantage over other market players.

• In May 2022, Sony, a Japanese multinational conglomerate, announced the launch of its new model of wireless noise cancelling headphones. The Sony WH-1000XM5 comes with a refreshed new design and a new 8-microphone system with a couple of QN1 audio processors.

Key Companies Profiled by Fact.MR

• Beats Electronics LLC
• Audio-Technica Corporation
• Victor Company of Japan Ltd.
• Sony Corporation
• Bose Corporation
• Koninklijke Philips N.V.
• Harman Kardon
• Logitech UE
• Syllable
• Monster Incorporated
• Grandsun
• Sennheiser Electronics GmbH
• Bowers and Wilkins
• Phiaton Corporation

Key Segments of Noise Cancelling Headphones Industry Research:

· By Type :
• In-ear
• Over the Ear

· By Operation :
• Active
• Passive

· By Sales Channel :
• Hypers/Supers
• Specialty Stores
• Online
• Third Parties
• Company Websites
• Others

· By Region :
• North America
• Latin America
• Europe
• APAC
• MEA

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Questionnaire answered in the Market outlook Report of Noise Cancelling Headphones include:

• What is the key strategy deployed by large players to maximize Noise Cancelling Headphones Market growth?

• What are the main challenges faced by players in the Noise Cancelling Headphones market Demand?

• With the advent of technological advancement, how will the Noise Cancelling Headphones market landscape change over the forecast period?

• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Noise Cancelling Headphones market size?

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This release was published on openPR.