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Headset Market Size, Share Analysis, Global Report 2024-2033
Headset Market
According to The Business Research Company's, The headset market size has grown exponentially in recent years. It will grow from $76.85 billion in 2023 to $100.67 billion in 2024 at a compound annual growth rate (CAGR) of 31.0%. The growth in the historic period can be attributed to gaming industry growth, increasing disposable income, rise of remote work, entertainment consumption patterns, globalization of e-commerce.
The headset market 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.
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Market Drivers and Trends:
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.
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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Major Key Players of the Market:
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
Headset Market 2024 Key Insights:
• The headset market will grow to $303.23 billion in 2028 at a compound annual growth rate (CAGR) of 31.7%.
• Smartphone Surge Catalyst For Growth In The Headset Market
• Jabra Redefines Communication With Revolutionary Products In The Headset Market
• North America was the largest region in the headset market in 202
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