DUBLIN--(BUSINESS WIRE)--The "Wireless Headphones - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Wireless Headphones estimated at US$15.9 Billion in the year 2020, is projected to reach a revised size of US$45.7 Billion by 2026, growing at a CAGR of 19.1% over the analysis period.
In-Ear Wireless, one of the segments analyzed in the report, is projected to grow at a 18% CAGR to reach US$29.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Ear Wireless segment is readjusted to a revised 17.2% CAGR for the next 7-year period. This segment currently accounts for a 24.5% share of the global Wireless Headphones market. In-ear headphones are used in a broad range of applications and gained popularity with the adoption of iPod and other types of MP3 players.
Some of the latest versions of these earphones offer superior noise isolation, particularly headphones with memory foam intended to create better seal. The sustained inclination towards social networking on mobile and other Internet-connected devices offers significant opportunities to audio accessories such as in-ear wireless headphones. While on-ear headphones are unable to match over-ear headphones in terms of sound, they still offer good sound quality. The relatively large drivers of these earphones offer deep and nice bass.
The U.S. Market is Estimated at $5.1 Billion in 2021, While China is Forecast to Reach $10.4 Billion by 2026
The Wireless Headphones market in the U.S. is estimated at US$5.1 Billion in the year 2021. The country currently accounts for a 26.91% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$10.4 Billion in the year 2026 trailing a CAGR of 24.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.9% and 16.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15% CAGR while Rest of European market (as defined in the study) will reach US$12.8 Billion by the end of the analysis period.
Large installed base of computers (desktop PCs and laptop PCs), smart TVs, and smartphones and tablet PCs, in the US and other developed regions strongly supports growth in the wireless headphones market. The roll out of new and next generation wireless headphone solutions with features such as Active Noise Cancellation (ANC), long battery life, and quick recharge time, is generating substantial opportunities. Market revenues for wireless headphones continue to scale up in emerging regions, especially in China and other Asia-Pacific countries. Rise of China as the industrial manufacturing hub, supplying a range of consumer electronics products to global markets, strongly supports present and future expansion in production as well as sales of wireless headphones.
Select Competitors (Total 113 Featured) -
- Apple, Inc.
- Bose Corporation
- Samsung Electronics Co., Ltd.
- Sennheiser Electronic GmbH & Co. KG
- Skullcandy, Inc.
- Sony Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- An Introduction to Wireless Headphones
- Over-Ear Vs. On-Ear Vs. In-Ear Headphones: A Comparison
- Wireless Headphones: Market Analysis and Outlook
- Product Segment Analysis
- In-Ear Wireless Headphones: Largest Category
- Over-Ear Wireless Headphones Segment Demonstrates Fastest Growth
- On-Ear Wireless Headphones Remain in Contention
- Geographic Analysis
- Developed Regions Remain Major Revenue Contributors
- Market Revenues Continue to Scale Up in China and Other Emerging Regions
- Competition: Characterized by Presence of International and Regional Vendors
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Widespread Use of Electronic Devices for Infotainment Purposes Builds Strong Momentum for Wireless Headphones Market
- Smartphones
- Dual SIM Smartphones Gain Traction Supported by Enhanced Portability & Flexibility
- Tablets
- Computers
- Expanding Internet User Base & Consumer Appetite for Digital Media Builds Robust Momentum
- Key Internet Consumer Habits Favoring Wireless Headphones Sales
- Social Media and Social Networking
- Proliferation of Online Video Gaming
- Rise of VoIP
- Emergence of Mass-Market Audiophile Era Builds Massive Momentum
- Bluetooth: The De Facto Wireless Standard for Headphones
- Technology Advancements Spur Demand
- USB-C-Powered Wireless Headphones
- Headphones with Voice Assistants
- Extended Battery Life
- Smarter Designs
- Active Noise Cancellation (ANC): The New High-Tech Feature
- A Snapshot of Select Recently Unveiled Wireless Headphone Models
- Rise of Hearables, the Smart Headphones, to Drive Next Wave of Growth
- Online Channel Emerges as New Growth Driver
- Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
- Rapid Growth in Urban Households
- Growing Affluence of Middle Class Consumer Segment
- Rising Living Standards
- Resolving Prevailing Issues: Critical for Future Success of the Market
- Prevalence of Unorganized Players
- Counterfeit Products
- Declining Margins
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7lgg3y
