Headphones and Earphones Market Size: Global Industry Perspective, Comprehensive Analysis and Forecast to 2025
According to a new
market report published by Credence Research, Inc. “Global
Headphones
and Earphones Market (By Type (In-Ear, On-Ear, and Over-Ear
Headphones and Earphones), By Technology (Wired and Wireless
Headphones and Earphones), and Sales Channel (Original Equipment
Manufacturer Channel and Aftermarket Channel) - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the
global headphones and earphones market is expected to witness a
steady growth, expanding at a CAGR of 6.2% from 2016 to 2023.
Market Insights:
The global demand
for headphones and earphones is primarily driven by the perpetually
growing demand for smartphones, tablets, and portable media devices.
With the advancements in technology, not only have headphones and
earphones become more light weight and compact, but also more feature
rich (ex- incorporation of microphones, noise cancellation
technology, and water resistant among others). Consequently, their
applications have extended beyond personal entertainment and media to
sports, gaming, healthcare, and corporate segments. Furthermore, rise
in consumer discretionary income and evolving consumer digital habits
is expected propel the demand for headphones and earphones globally.
For more details
with charts and figures:
http://www.credenceresearch.com/report/headphones-and-earphones-market
Competitive
Insights:
The global market
for headphones and earphones is highly fragmented and competitive
with the leading four manufacturers acquiring less than 45% of the
global headphone and earphone market revenue share in 2015. In order
to sustain and compete, manufacturers are required to focus on
product innovation and new product developments. In addition,
headphone and earphone manufacturers are increasingly focusing on
strengthening their distribution channels and hence the reach. This
will consequently enable stores to push different headphone and
earphone variants into the market. Some of the leading and promising
headphones and earphones manufacturers identified in the research
study include Beats (Apple Inc.), Sony Corporation, Sennheiser
Electronic GmbH & Co. KG, Bose Corporation, Plantronics Pty Ltd.,
JVC Corporation, Philips Electronics Ltd., GN Netcom A/S(Jabra),
Harman International Industries, Inc. (AKG), and Audio-Technica
Corporation among others.
Request
Sample: http://www.credenceresearch.com/sample-request/57967
Key Trends:
Mobility revolution
(Proliferation of Smartphones and Tablets) to assist the market
growth
Evolving digital
habits of consumers
Manufacturers are
striving to develop smart headphones to take advantage of the growing
trend towards health and fitness monitoring
Regulated demand for
in-ear headphones and earphones
Growing preference
for wireless headphones and earphones
Trend towards
lossless audio file formats has opened new avenues for the high-end
audio equipment
Media Contact:
Mr. Chris Smith
Phone:
+1-800-361-8290
Email:
sales@credenceresearch.com
Website:
http://www.credenceresearch.com/
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