Wireless Headphones Market Likely To Cross $16 Billion by 2023

Wireless headphones are definitively muscling out wired earphones and headphones across geographies. No longer just a hearing aid, wireless earphones are getting closer to ensuring that we can plug-in innovative technologies to our ears without having to be restrained by wires restricting our mobility.

These Bluetooth enabled devices provide the users with decent sound quality and increased durability making them a preferred choice for as an entertainment source while training, waiting for a flight, or even taking a stroll. Additionally, wireless headphones have an enhanced aesthetic appeal and their applications are increasing at a rapid pace.

According to a report Earphones and Headphones Market – Global Outlook and Forecast 2017−2023 by Arizton Advisory & Intelligence, the global market is poised to grow over the next few years. The wireless headphones market is one of the primary segments within this market, which analysts at Arizton believe would see significant growth in the next five years. Analysts expect the global wireless headphones market to cross $16 billion by 2023.

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The technology behind the growth of the wireless headphones market

The first generation of wireless earphones used Bluetooth 1.1. This required
dramatic compression of the sound to enable smooth transmission leading to a considerable reduction in sound quality. With technological advancements, most wireless Bluetooth earphones today use at least a Bluetooth 3.0 version that reduces noise distortion considerably making modern wireless earbuds much more pleasant than their predecessors. The high-end wireless earphones today use the Bluetooth 4.0 version which makes the output even better, thus increasing end-user experience.

What drives the global wireless headphones market

Increased integration of wireless headphones with home entertainment systems is one of the major factors driving the growth of the market globally. These can be used to listen to audio while streaming videos, without disturbing others in the room. The increase in sound quality and the ability to wear them on a daily basis (including during office commute and sports activities) also make Bluetooth-enabled wireless headphones more convenient than wired ones.

Technological improvements enabling noise-cancellation to reduce unwanted ambient sounds using active noise control, high interoperability with smartphones and tablets, and a short replacement cycle due to frequent product updates on account of changing fashion, functionality, demand for better listening experience and damage or loss are some other factors that are expected to strongly influence the growth of the wireless headphones market globally in the coming years.

Willingness of consumers to spend on new technology for wireless headphones including sports and fitness headphones is expected to further drive the growth of the market in the coming years.

The strategic alliance being formed between earphones and headphones, and mobile manufactures is also an important factor that has already started positively impacting the growth of the market across geographies.

The fast paced and significant increase in the global health and wellness industry owing to increased awareness for healthy living is also expected to fuel the growth of the global wireless headphones market as they are highly preferred during workouts since they do not fall, hang loose, or get tangled in sports gear.

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How the key players in the market think

The global earphones and headphones market is dominated by Beats Electronics LLC, Bose Corp., Sennheiser Electronic GmBH & Co. KG, Sony Corp., and Skullcandy Inc. All these leading manufacturers are aggressively focusing on research and development and innovation to bring technological advancements in the global market. A large chunk of this effort is towards improving the quality and user-friendliness of wireless earphones and making them more feature rich and diverse.

Beats Electronics, renowned for its sound quality, design, and sleek appearance has its focus on implementing new advanced technology such as noise cancellation, etc. Bose Corp, critically acclaimed for its sound quality, invests heavily in R&D and technologies ranging from increasing noise cancellation to including heart-rate sensors in their products. Sennheiser has four research and innovation centers for continued focus on R&D activities aimed at product improvement and technological amalgamation.

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About Arizton Advisory & Intelligence

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
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This release was published on openPR.