Headphone Market to Witness Growth due to High Demand for VR and Popularity of Gaming, Sports and Fitness Headphones

Highlights:
• Exponential growth of the VR headphone segment is expected to drive the headphone market during the forecast period 2016–2022
• Moderate growth of gaming headphones is another driver for the headphone market
• Increased prominence of sports and fitness headphones is likely to improve the headphone market

A recent report released by Beige Market Intelligence on the “Global Headphone Market – Strategic Assessment and Forecast 2017-2022” has put forward some interesting facts and observations about the global headphone market. The report states that the increased demand for virtual reality (VR) applications and the growing prominence of gaming headsets and sports and fitness headphones are expected to drive the global headphone market during the forecast period 2017–2022.

The 163-page report includes a detailed study of growth drivers, trends, and restraints. It provides the competitive landscape and includes the leading five vendors in the global headphone market. The report also provides the analysis of the key segments of the market by type/product, technology, feature, geography, country, and vendors. It provides a detailed analysis of market size and forecast in terms of revenue and shipment.

View Report Details: http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/headphone-market/

Exponential Growth of VR Headphone Segment is Expected to drive the Headphone Market during the Forecast Period

The VR application segment is expected to witness an exponential growth between 2016 and 2022. The growth can be attributed to several benefits offered by these devices. VR simplifies complex problems, improves retention and recall, and operates in the controlled and safe environment. This has significantly resulted in the adoption of these devices across the education, construction, business, and armed forces sectors primarily for training purposes.

Pre-orders of VR devices have made headlines in recent months, as the Samsung Gear VR, Oculus Rift, and the HTC Vive all are sold out upon the release. Hence, taking this greater-than-expected appetite for the new technology into account, coupled with recent announcements from key industry stakeholders, the total market revenue is expected to grow.

Moderate Growth of Gaming Headphones is Another Growth Factor Of Global Headphone Market

The introduction and popularity of PCs and other electronic devices has resulted in the rapid development and commercialization of the gaming sector. The growth of gaming headsets is heavily dependent on the global gaming market as many people have now adopted gaming as a full-time profession.
In 2016, the gaming segment captured a significant revenue share due to the increasing adoption of these devices among avid gamers. The gaming headsets market is expected to grow at a robust rate between 2016 and 2022. Its modest growth rate can be attributed to the launch of various next generation consoles during the forecast period.

Increased Prominence of Sports and Fitness Headphones is likely to improve the global headphone market

The fitness application segment is expected to witness a stupendous growth between 2016 and 2022, which can be attributed to rising health concerns, coupled with the growing need to capture the fitness data. Biometric sports tracking headphones have rapidly gained prominence in the market since their introduction. These headphones can be used to track heart rate, measure distance covered, and calculate calories burned during the workout session. Although there is no shortage of heart rate monitors in the market, for many end-users, headphones are part of their training gears. Therefore, adding a smart heart rate sensor enhances the application of these headphones. The sports headphone segment is the fastest growing segment in an otherwise saturated headphone market in developed regions such as North America and Western Europe.

Miniaturization of headphone, rise in in-ear and over-ear product offerings, rapid growth of active noise control technology, and wireless connectivity are among the major trends discussed in the report.

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Source: http://www.beigemarketintelligence.com/news/press-releases/headphone-market-to-witness-growth-due-to-high-demand-for-vr-and-popularity-of-gaming-sports-and-fitness-headphones/

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This release was published on openPR.