Press release
Smart Headphones Market Forecast 2024-2033: Analysis, Trends & Growth Outlook
The smart headphones market size is expected to see exponential growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to advancements in biometric sensing, integration with augmented reality (AR), focus on sustainable materials, enhanced battery life and charging solutions, application in remote work and learning. Major trends in the forecast period include focus on fitness and wellness integration, wireless connectivity innovations, sustainability and eco-friendly materials, augmented reality (AR) and virtual reality (VR) integration, gesture and touch controls.
Market Overview -
Smart headphone are special headphones that offer smart features like voice commands using a digital assistant, noise cancellation, transparency mode, touch-based controls, and fitness tracking. They are equipped with built-in computing power. They connect with Bluetooth technology and have built-in sensors in them to track the movement and vitals of consumers.
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Surging Demand For Smart Headphones Fueled By Increased Penetration Of Smart Devices
The rising penetration of smart devices is expected to propel the growth of the smart headphones market. A smart device is an electronic device that can share, connect, and interact with other smart devices and users. The increasing penetration of smart devices such as tablets, smartphones, laptops, streaming media players, smart TVs, and other multimedia devices will promote the demand for accessories such as smart headphones. For instance, in March 2022, according to the Cybercrew article, a UK-based company association of tech-obsessed people that works on computers, mobile phones, and gaming, around 87% of adults owns smartphones in the year 2020 and with a global smartphone penetration rate of 78.9%, the UK is ranked second. Additionally, 72% of people in the UK had access to mobile internet in 2020, and in 2021, 97.5% of people used smartphones to access their social media handles. Therefore, the rising penetration of smart devices will drive the growth of the smart headphones market.
Competitive Landscape -
Major companies operating in the smart headphones market report are Apple Inc., SkuLLCandy Inc., Samsung Electronics Co Ltd., Huawei Device Co Ltd., Sony Corporation, LG Electronics Inc., Intel Corporation, Panasonic Corporation, Pioneer Corporation, Koninklijke Philips NV, Harman International Industries Incorporated, Monster Inc., Logitech International S.A., Bose Corporation, GN Store Nord A/S, Plantronics Inc., Sennheiser Electronic GmbH & Co KG, Shure Incorporated, Bowers & Wilkins Group Ltd., Klipsch Group Inc., Jaybird LLC, Creative Technology Ltd., Sol Republic Inc., Audio-Technica Corporation, Beyerdynamic GmbH & Co KG, Bragi GmbH, Streamz Inc., Grado Labs, SMS Audio LLC, Denon Electronics USA LLC, Turtle Beach Corporation, V-Moda LLC
Technological Advancements Propel The Smart Headphones Market
Technological advancements are shaping the smart headphones market. Major players in the market are developing smart headphones with advanced technologies such as gesture recognition, virtual assistants, and noise suppression. For instance, in March 2022, Philips, a Netherlands-based technology company launched wireless headphones, TAT4506BK, equipped with active noise control (ANC) technology. These are added with IPX4 splash, touch features for easy controls, and a sweatproof design to help people have better workout sessions.
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Key Segments -
The smart headphones market covered in this report is segmented -
1) By Type: In Ear, On Ear, Over Ear
2) By Technology: Wired, Wireless
3) By Application: Sports And Fitness, Gaming, Music And Entertainment, Other Applications
4) By Distribution Channel: Online, Offline
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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