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Headset Market: Trends, Analysis & Growth Forecast 2024-2033 | Size, Share & Outlook Insights
Headset Market
The headset market size is expected to see exponential growth in the next few years. It will grow to $303.23 billion in 2028 at a compound annual growth rate (CAGR) of 31.7%. The growth in the forecast period can be attributed to rise of augmented reality (ar) and virtual reality, remote work and communication needs, evolving consumer lifestyles, environmental sustainability, emergence of new distribution channels. Major trends in the forecast period include wireless connectivity dominance, rise of true wireless earbuds, integration of advanced features, multi-functional smart headsets, focus on ergonomics and comfort.
Market Overview -
A headset refers to a hardware device that connects a smartphone or computer or laptop. This device allows users to listen to audio, and communicate through a microphone and making easier communication.
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Smartphone Surge Catalyst For Growth In The Headset Market
The increasing penetration of smartphones is expected to propel the growth of the headset market going forward. Smartphones are devices that perform many of the functions of the computer and have multiple benefits that include a touchscreen interface, internet access, and compatibility. Headsets are helpful for people using smartphones as they are easy to handle, and provide better communication for gaming and general calls. As a result, the increasing number of smartphones increases the demand for the headsets. For instance, in June 2022, according to Zippia, a US-based career expert, globally, 86% of the population, with approximately 6.65 billion people were using a smartphone which is expected to increase by 12% to 7.52 billion smartphone users by 2026. Therefore, the rising penetration of smartphones is driving the demand in the Headset market.
Competitive Landscape -
Major companies operating in the headset market report are Alclair Audio Inc., Bose Corporation, JVC Kenwood Corporation, Apple Inc., Harman International Industries, Grado Labs, Shure Incorporated, Koninklijke Philips N.V., Logitech International SA, Panasonic Corporation, Plantronics Inc., Sony Corporation, Shenzhen Cannice Technology Co. Ltd., GN Netcom, Motorola, LG Electronics, Sennheiser Electronic GmbH & Co. KG, Logitech International S.A., Jabra (GN Audio), Beyerdynamic GmbH & Co. KG, Audeze LLC, Razer Inc., Audio-Technica Corporation, Skullcandy Inc., Corsair Gaming Inc., HyperX (a division of Kingston Technology Company), SteelSeries, JBL (a division of Harman International Industries), Creative Technology Ltd., HIFIMAN Electronics .
Jabra Redefines Communication With Revolutionary Products In The Headset Market
Technological innovations are a key trend gaining popularity in the headsets market. Major companies operating in the headset market are introducing innovative products with advanced technologies to sustain their position in the market. For instance, in September 2022, Jabra, a Danish-based company specializing in audio equipment launched two innovative products, engage 40 and engage 50 II. They include in-built hearing protection, noise-isolating earcups, and advanced speaker technology with innovative speech optimization and background noise cancellation that enable customers to communicate clearly without any noise.
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Key Segments -
The headset market covered in this report is segmented -
1) By Type: In-Ear, Over Ear
2) By Price Band: Below USD 50, USD 51-150, USD 151-350, Over USD 351
3) By Connectivity: Wired, Wireless
4) By Application: Smartphone, Personal Computer (PC), Wearable, Other Applications
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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