Smart Earphones and Headphones Segment to Worth $11 Billion by 2023 | Arizton

The earphones and headphones market is projected to grow from $13.23 billion in 2017 to $20.19 billion by 2023, growing at a CAGR of 7.31% during the forecast period.

Arizton’s recent market research report on the earphones and headphones market have identified Beats Electronics, Bose, Sennheiser, Sony, and Skullcandy as the leading vendors that are likely to dominate the market during the forecast period. This research report provides a detailed analysis of market segmentation by type (in-ear, on-ear, and over-ear), technology (wired and wireless), features (smart and non-smart), and geography (North America, APAC, Europe, MEA, and Latin America).

The earphones and headphones market is divided into three major segments by type, technology, and features.

Smart headphones segment to grow at an impressive CAGR in the earphones and headphones market during the forecast period

In terms of features, the earphones and headphones market can be segmented into non-smart and smart headphones.

The smart headphones segment is expected to generate revenue about $11 billion by 2023, growing at a CAGR of 16.48% during the forecast period.

The increasing adoption of smartphones and tablets and the growing demand for wireless technology are the two significant factors contributing to the growth of this segment. Vendors are introducing smart headphones with advanced features such as noise cancellation, water resistance, and sensors that monitor body vitals such as heart rate and calories burnt during a workout session. The launch of these products will propel the demand for smart headphones in the global earphones and headphones market.

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In-ear headphones segment to occupy the largest market share in the earphones and headphones market during the forecast period

This segment of the global earphone and headphones market includes in-ear, on-ear, and over-ear headphones.

The in-ear headphones market segment is projected to reach revenue of about $10 billion by 2023, growing at a CAGR of 5.01% during the forecast period.

The growing adoption of these low-cost headphones will drive the growth of this market segment during the forecast period. These in-ear headphones are designed to reduce outside noise and eliminate it completely when properly inserted into the ear canal. The vendors in the global earphones and headphones market is also focusing on introducing in-ear headphones with increased comfort levels to attract a large consumer base.

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Wireless headphones segment to grow at a remarkable CAGR in the earphones and headphones market during the forecast period

The global earphones and headphones market by technology is categorized into wired and wireless headphones. The wireless headphones segment is anticipated to generate revenues of more than $16 billion by 2023, growing at a CAGR of 16.84% during the forecast period. The integration of wireless headphones with home entertainment systems is driving the growth of the segment. The introduction of Bluetooth, wireless earbuds with additional parts such as a transmitter, a receiver, and an amplifier will help the players in the earphones and headphones market to occupy a significant market share over the next few years.

AIAIAI, AKG Acoustics, Apple, Audio-Technica Corp., Beyerdynamic, Creative Technology., Denon, Grado Labs, The House of Marley, Jays AB, JBL, JVC Kenwood, Logitech International, Molami, Monster Cable Products, Panasonic, Parrot, Pioneer, Shure Incorporated, SMS Audio, Sol Republic, Urbanears, and Westone Laboratories are other prominent vendors in the earphones and headphones market.

The complete overview of the latest market research report on the earphones and headphones market by Arizton is now available.

The report also offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.

Source: https://www.arizton.com/news/press-release/smart-earphones-and-headphones-market-size

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