Earphones and Headphones Market Size is projected to reach USD 129.26 Billion by 2030, growing at a CAGR of 20.13%: Straits Research
The global Earphones and Headphones Market size was valued at USD 24.81 billion in 2021 and is projected to reach USD 129.26 billion by 2030 at a CAGR of 20.13% (2022-2030). The Asia Pacific controlled the majority of the market in terms of revenue in 2021, holding a share of 29.7%.
New York, United States, Oct. 06, 2022 (GLOBE NEWSWIRE) -- A set of portable speakers known as headphones is worn by a user over the ears, on the head, or both. They are electrical transducers, or to put it another way; they convert electrical impulses into the appropriate sound. Radio, cell phones, mobile media players, CD players, video game consoles, and other audio sources can all be connected to headphones via a single audio amplifier source. A wireless system, like Bluetooth, FM, or DECT, is connected, as well as a cable. Wireless headphones and earbuds can be worn over the ear, behind the ear, in the ear, or in other ways. It includes headphones with noise-cancelling capabilities and Bluetooth that is enabled. With ease and convenience, a range of headphones and earbuds can be used. It is widely used in many different industries, including music, entertainment, communication, gaming, and many more.
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Technological Development Is Driving the Market
Growing customer demand for high-fidelity and style is what essentially propels technological advancements. Active noise cancellation (ANC) and near field communication (NFC) are two cutting-edge features that are supposed to offer users a better listening experience and seamless connection to their music devices. For example, the active noise cancellation (ANC) technology included in headphones and earbuds reduces background noise, thereby enhancing audio quality. Just tapping the wireless headphones and music player together makes the connection thanks to the near-field communication (NFC). We predict that the market will grow as a result of these cutting-edge characteristics.
Fitness Enthusiasts Are Driving the Market
The use of earphones and headphones for exercise in a variety of climatic circumstances, such as rain and dust, has driven manufacturers to improve product durability. A number of businesses have produced their products with a particular (ingress protection) IPX rating, which is a safety rating that provides protection against water and dust. A device with an IPX1 rating, for instance, can withstand water dripping for ten minutes. The degree of protection can be rated from 0 to 9, with IPX9 being the greatest level of protection and providing defence against high-pressure water jets. The rating scale for dust is similar, going from IP0X to IP6X, with IP6X being the highest. The product might, in some circumstances, be resistant to both dust and water. Products having an IP57 rating, for instance, are impervious to dust and water from high-pressure sprays. Such helpful characteristics and some key technological advancements in the product are anticipated to maintain the product's demand over the predicted period.
The Wireless Segment Will Bring in New Opportunities for The Market
There has been a fundamental shift in how people listen to music since the introduction of genuine wireless earphones. Due to the absence of a wire connecting the left and right earpieces, these earbuds offer a user a tangle-free music listening experience. The earphones are incredibly transportable because they are small and fit in a charging case. Young people, athletes, and fitness fanatics have taken a shine to these items thanks to their stylishness and portability, and it is anticipated that this will fuel market growth.
Report Scope
Report Metric | Details |
Market Size | USD 129.26 Billion by 2030 |
CAGR | 20.13% (2022-2030) |
Historical Data | 2019-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Outlook, Price Outlook, Technology Outlook, Application Outlook |
Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
Key Companies Profiled/Vendors | Store Nord A/S, Apple Inc., Bose Corporation, Harman International Industries, Inc., Sony Corporation, Sennheiser Electronic GmbH & Co. KG, and Skullcandy.com |
Key Market Opportunities | The Wireless Segment Will Bring In New Opportunities For The Market |
Key Market Drivers | Technological Development Is Driving The Market |
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Regional Analysis
The Asia Pacific controlled the majority of the market in terms of revenue in 2021, holding a share of 29.7%. The high smartphone adoption rate and growing standard of living in the area are credited with this. The emergence of low-cost technologies and the accessibility of cheap labour in the area have led to considerable investments by a number of important commercial players in China. Nevertheless, the industry has grown as a result of the proliferation of products that are fake and made, particularly in India, and this has been made possible by a number of major businesses setting up manufacturing facilities there.
2021 saw Europe and North America share the second-largest market. The already developed market and high levels of technological adoption in certain areas are credited with this. Investments in R&D and ongoing product innovation are priorities for businesses in this region. Additionally, the existence of significant industry players in the area, such as Apple Inc., Bose Corporation, GN Store Nord A/S, Harman International Industries, Incorporated, and Sennheiser GmbH & Co., KG, is anticipated to fuel growth in both North America and Europe.
Key Highlights
The global Earphones and Headphones Market Size was valued at USD 24.81 billion in 2021 and is projected to reach USD 129.26 billion by 2030 at a CAGR of 20.13% (2022-2030).
Technological developments and fitness enthusiasts are driving the market for headphones and earphones.
This market can be segmented on the basis of product, price, technology, application, regions and competitors.
By 2030, the Asia Pacific is anticipated to have the largest market share, with North America & Europe emerging as the fastest-growing market.
Competitors Analysis
As a result of the existence of significant international firms, the market is highly fragmented and characterised by intense rivalry. In order to increase their market presence and geographic reach, these businesses put a special emphasis on improving product quality by implementing cutting-edge and creative strategies.
GN Store Nord A/S
Apple Inc.
Bose Corporation
Harman International Industries Inc.
Sony Corporation
Sennheiser Electronic GmbH & Co. KG
Skullcandy.com
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Market Segmentation
Product Outlook
Earphones
Headphones
Price Outlook
Less than 50 USD
Between 50 to 100 USD
Above 100 USD
Technology Outlook
Wired
ANC
Others
Wireless
ANC
Bluetooth
NFMI
Smart headphones
Others
Application Outlook
Fitness/Sports
Gaming
Virtual Reality
Music & Entertainment
Regional Outlook
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Table of Content
Introduction
Market Definition
Market Scope
Research Methodology
Primary Research
Research Methodology
Assumptions & Exclusions
Secondary Data Sources
Market Overview
Report Segmentation & Scope
Value Chain Analysis: Earphones and Headphones Market
Key Market Trends
Drivers
Restraints
Opportunities
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of Substitution
Threat of New Entrants
Competitive Rivalry
Market Share Analysis
Product Overview
Introduction
Market Size & Forecast
Earphones
Market Size & Forecast
Headphones
Market Size & Forecast
Price Overview
Introduction
Market Size & Forecast
Less than 50 USD
Market Size & Forecast
between 50 to 100 USD
Market Size & Forecast
Regional Overview
Introduction
Market Size & Forecast
America
North America
U.S.
By Product
By Price
Canada
By Product
By Price
Mexico
By Product
By Price
Latin America
By Product
By Price
Europe
Market Size & Forecast
Germany
By Product
By Price
France
By Product
By Price
U.K.
By Product
By Price
Italy
By Product
By Price
Spain
By Product
By Price
Rest of Europe
By Product
By Price
Asia Pacific
Market Size & Forecast
Japan
By Product
By Price
China
By Product
By Price
Australia
By Product
By Price
India
By Product
By Price
South Korea
By Product
By Price
Rest of Asia-Pacific
By Product
By Price
Middle East & Africa
Market Size & Forecast
Saudi Arabia
By Product
By Price
South Africa
By Product
By Price
Kuwait
By Product
By Price
Rest of Middle East & Africa
By Product
By Price
Company Profile
GN Store Nord A/S
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Apple Inc
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Bose Corporation
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Conclusion & Recommendation
Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/earphones-and-headphones-market/toc
Recent Developments
Fully wireless and Bluetooth neckband earbuds were first made available on Flipkart in India in April 2021 by Nokia Corporation. The headset also includes noise cancellation capabilities thanks to the Qualcomm QCC3034 Bluetooth Audio processor. The company's launch is geared toward the nation's youthful employees and college students.
The Bose Noise Cancelling Headphones 700, which are available with a charging case, are the first augmented reality headphones ever released by a major company.
News Media
Global Audio IC Market Worth USD 52.90 Billion | CAGR of 7.4%
Rising Demand for Smart Devices to Drive the EMI Wave Shielding Materials Market
Have a Look at the Related Research Report
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Home Entertainment Device Market: Information by Type (Audio Device), Connectivity (Wired Device), Distribution Channel (Store-Based Retail), and Region — Forecast till 2029
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