Press release
Explosive Growth Expected in Global Headset Market: Driven by a CAGR of Over 30% and Dominance of Key Players
Headset Market Share
What Is The Projected Market Size Of The Global Headset Market And Its Growth Rate?
- The global headset market size was valued at $99.28 billion in 2024 and is projected to reach $129.24 billion in 2025, growing at a CAGR of 30.2%.
- The growth in the historic period is attributed to factors such as the growing gaming industry, increasing disposable income, rise of remote work, entertainment consumption patterns, and the globalization of e-commerce.
- The headset market is forecasted to surge to $394.31 billion in 2029, growing at a CAGR of 32.2% owing to trends such as the rise of augmented reality (AR) and virtual reality, remote work and communication needs, evolving consumer lifestyles, environmental sustainability, and the emergence of new distribution channels.
What Is Driving The Growth In The Headset Market?
The increasing penetration of smartphones globally is expected to propel the growth of the headset market in the coming years. Smartphones, with various functionalities akin to a computer, serve multiple benefits, including a touchscreen interface, internet access, app compatibility. Headsets, being easy to handle, provide better communication for gaming and phone calls, becoming a crucial accessory for smartphone users. For instance, as per Zippia, a U.S.-based career expert, about 86% of the global population, approximately 6.65 billion people, were using a smartphone in June 2022. This number is expected to increase by 12% to 7.52 billion smartphone users by 2026. Therefore, the rising penetration of smartphones is driving demand in the headset market.
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Who Are the Key Players Driving Headset Market Growth?
- 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
- Jabra (GN Audio)
- Beyerdynamic GmbH & Co. KG
- Audeze LLC
- Razer Inc.
- Audio-Technica Corporation
- Skullcandy Inc.
- Corsair Gaming Inc.
- SteelSeries
- Creative Technology Ltd.
- HIFIMAN Electronics
What Are The Key Trends In The Headset Market?
- Dominance of wireless connectivity
- Rise of true wireless earbuds
- Integration of advanced features
- Emergence of multi-functional smart headsets
- Focus on ergonomics and comfort
What Are The Segments Of The Global Headset Market?
- By Type: In-Ear, Over Ear
- By Price Band: Below USD 50, USD 51-150, USD 151-350, Over USD 351
- By Connectivity: Wired, Wireless
- By Application: Smartphone, Personal Computer (PC), Wearable, Other Applications
Which Region Leads The Headset Market?
North America was the largest regional market for headsets in 2022. The market report also covers other key regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa.
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What Is Covered In The Headset Market Global Market Report?
- Market Size Analysis: Analyze the Headset Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Headset Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Headset Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Headset Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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