Market Research Future published a research report on “Earphone and Headphone Market Size Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Overview:
The global Earphone and Headphone Market Size is expected to grow at ~9% CAGR during the forecast period.
Earphones/headphones are listening devices that are worn on, over, in the ear, or around the head depending on the type of use such as hearing music and tape recording among others. There are several types of earphones and headphones, namely earbuds, in-ear-canal headphones, full-size headphones, and canal buds. Technological advancements in the industry have further led to the development of lightweight Bluetooth headphones that have noise cancelling capabilities and long battery life.
For instance, in January 2019, Bose Corporation filed a new patent for earbud insertion sensing method with infrared technology. The technology aims at extending the battery life of earbuds by automatically deactivating it when not in use.
North America continues to be the dominating region for Earphone and Headphone Market Size; valued at USD 4380.8 million in 2017. However, Asia-Pacific is expected to be the highest growing region at a CAGR of 10.89% during the forecast period. Some of market players such as audio-technica, Sony Corporation, Apple Inc., Sennheiser, and beyerdynamic are expected to dominate the earphone and headphone market during forecast period. In January 2019, Audio-Technica Corporation launched its sound reality ATH-SR50BT and ATH-SR30BT wireless over-ear headphones, which provide high-resolution audio playback. In January 2019, beyerdynamic launched Xelento wireless headphones; it is a combination of convenient everyday solutions and sophisticated luxury headphones.
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Key Players
Some of the prominent players in the global Earphone and Headphone Market Size are Apple Inc. (US), Sony Corporation (Japan), Sennheiser Electronic GmbH & Co. KG (Germany), Bose Corporation (US), Skullcandy Inc. (US), AIAIAI ApS (Denmark), AKG Acoustics GmbH (Austria), Audio-Technica Corporation (Japan), beyerdynamic GmbH & Co. KG (Germany), Creative Technology Ltd (Singapore), Denon Electronics (USA), LLC (US), Grado Labs Inc. (US), House of Marley, LLC (US), and Jays AB (Sweden) among others.
Global Earphone and Headphone Market – Segmentations
Based on type, the market has been classified into wired earphones and headphones and wireless earphones and headphones. Wireless headphones and earphones work without a cable. Wireless headphones and earphones operate by transmitting audio signals through infrared (IR) or radio signals depending on the connected device. Currently, the wireless headphones and earphones segment is expected to command a large market share owing to being widely used by consumers in call centers, fitness centers, and others. Wireless headphones and earphones often use Bluetooth transmission standard to transmit audio connect to various devices simultaneously.
Wired headphones and earphones are more beneficial than wireless headphones and earphones in terms of audio/sound quality, pricing, and battery life. Most of the wired headphones and earphones do not require a battery backup which helps in minimizing the noise created due to the battery power source. Wired headphones and earphones have a 3.5mm audio jack and compatible with all the latest smartphones and audio devices. Wired headphones and earphones are widely used in corporate, aerospace & defense, and media & entertainment sectors.
Global Earphone and Headphone Market – Regional Analysis
North America can dominate the earphone and headphone market till 2023. It was valued at USD 4380.8 million in 2017. This can be attributed to presence of various brands and celebrities launching new headphones in conjunction with technology-related companies. Influence of social media and endorsements by musical artists can fare well for the regional market demand.
However, Asia Pacific is expected to be the highest growing region at a CAGR of 10.89% during the forecast period. Some market players such as Sony Corporation, Apple Inc., Audio-Technica, Sennheiser, and beyerdynamic are expected to dominate the earphone and headphone market during forecast period. In January 2019, Audio-Technica Corporation launched its sound reality ATH-SR50BT and ATH-SR30BT wireless over-ear headphones which provide high-resolution audio playback.
Over the last decade, the region has become a global manufacturing hub, with many multinational companies setting up high-volume production facilities in the region. Countries such as Indonesia, Singapore, and Australia have great scope in the earphone and headphone market as these countries are witnessing significant developments in wireless technologies. China and India are the fastest growing economies in Asia Pacific, and the telecom industry is expected to grow substantially during the forecast period.
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