Earphones & Headphones Market Outlook To 2024: Key Product Categories (In-Ear, Over-Ear), Price (Less Than 50 USD, Between 50 To 100 USD, Above 100 USD), Technology (Wired, Wireless), Application, Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast

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The global earphones and headphones market was valued at $9.5 bn in 2016 and is forecast to grow at a modest CAGR of 6.5% between 2017 and 2024, culminating to global revenue of $15.4 bn by 2024.

 

Industry at a Glance

 

The global earphone & headphone industry is driven by escalating use of portable music systems, such as smartphones, tablets, and portable music players. The market is characterized by advancements and innovations resulting in the development of sophisticated noise cancellation features, which have further added to the rising popularity.

 

The industry dynamics are changing rapidly with the trend for affordable and compact earphones/ headphones. Technological advancements have significantly led to the development of audio solutions for fitness/sports applications. Compatibility of these devices with portable consumer electronics including tablets, smartphones, music players and other home appliances is further expected to bolster market growth.

 

Additionally, incorporation of several features including Wi-Fi, Bluetooth and infrared in wireless headphones is another emerging trend witnessed across the industry. The industry is also observing escalating consumer demand for high fidelity and style along with elevating adoption during workout which is anticipated to drive market growth significantly over the forecast period.

 

Earphones & Headphones Market 2024

 

Pricing Analysis

 

By price, the market is segmented into less than 50 USD, between 50 to 100 USD and above 100 USD. Less than 50 USD segment held majority revenue share in 2016 but is expected to lose market share over the forecast period mainly on account of increasing popularity of between 50 to 100 USD price segment. Consumers are gradually shifting towards the purchase of slightly expensive audio devices primarily owing to high fidelity and style resulting in gaining traction of expensive earphones and headphones.

 

“Optimal Price Point (OPP) for Earphones & Headphones”

 

Estimated average earphones/headphones cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

The industry dynamics are changing rapidly with a trend towards affordable and compact earphones/ headphones. Since the industry is characterized by continuous technological developments and innovations and owing to rising competition, the majority of the leading industry participants emphasize on reducing their product price significantly in an attempt to prevail in this highly competitive environment.

 

Product Outline

 

By type, the market is categorized into in-ear and over-ear. In-ear headphones accounted for the majority revenue share in 2016 and are estimated to grow at a modest CAGR of 6.4% over the forecast period. Budding popularity and adoption of tablets, laptops, smartphones, portable music players and other mobile devices are anticipated to catapult the in-ear headphones demand over the next few years.

 

Over-ear headphones segment is estimated to grow at a moderate pace over the next seven years primarily on account of the advent of featured loaded headphones equipped with advanced noise canceling technologies. The rise of Active Noise Cancellation (ANC) techniques are resulting in minimization of any alteration caused while listening, providing an improved listening experience to the consumers, is further estimated to fuel segment growth.

 

Technology Trends

 

By technology, the market is classified into wired and wireless. Wired technology segment held more than 50% of the overall revenue share in 2016 and is anticipated to witness modest growth over the forecast period. This is ascribed to the snowballing adoption of wired earphones and headphones primarily in developing economies of Asia Pacific and Latin America.

 

The wireless segment is anticipated to witness bullish growth with a CAGR of 6.4% over the next seven years. These products eliminate the hassles of having to deal with earphones/ headphones wire getting tangled up in knots or getting caught in the jacket zipper. Additionally, the industry is also witnessing the emergence of wireless earbuds, wherein several new entrants are working on developing completely wireless products. The development is not only limited to these new entrants, leading players such as Samsung are also focusing on this aspect.

 

Application Insights

 

On the basis of application, the market is segmented into fitness, gaming, virtual reality and music & entertainment. Music & entertainment accounted for more than 35% of the overall revenue share in 2016 and is anticipated to witness robust growth over the forecast period. This is accredited to the rising demand for audio solutions compatible with portable consumer electronics primarily to listen to music.

 

Virtual reality is seen as an emerging application segment growing with a CAGR exceeding 7% over the forecast period. This is attributed to the escalating consumer demand for technically advanced and innovative products that enhance the listening experience.

 

Regional Outlook

 

Based on region, the market is classified into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific captured more than 35% of the overall revenue share in 2016 which is estimated to increase over the next seven years. This is ascribed to the growing penetration of smartphones and tablets along with the rising popularity of Western music culture in this region.

 

Latin America is also expected to exhibit high growth over the forecast period owing to increasing usage of these devices in sports and fitness in the region. Mounting traction of online audio and video content is another factor driving the regional market growth.

 

Growth Drivers & Restraints

 

Notable market drivers include technological advancements and miniaturization of earphones and headphones, adoption of earphones and headphones during workout and other activities, mounting penetration of tablets, smartphones, and other multimedia devices, and demand for fashionable and trendy designs. Consumers actively strive for style and reliability resulting in enhanced product demand.

 

The presence of counterfeit products primarily from the Chinese manufacturers is a major challenge observed by the leading industry participants. In addition, the growing manufacturing of low-cost fraudulent products with increased offerings and benefits is expected to restrain market growth.

 

Merger & Acquisition Insights

 

Collaborations have seen a vital part of the industry. Manufacturers merge or collaborate with companies from a totally different industry to develop innovative audio products that cater to a particular set of target audience. Leading industry participants also collaborate with popular artists and musicians in a bid to appeal to their fans.

 

Top Players & Company Share

 

Notable players in the market include Beats, Bose Corporation, Panasonic Corporation, JVC Kenwood Corporation, Grado Labs, JBL Harman, Pioneer Corporation, Skullcandy, Shure Inc., Philips, and Sony Corporation. Prominent industry participants focus on investing in R&D for developing innovative techniques to increase product differentiation.

 

Market Segmentation

Earphones & Headphones Market, by Product (Revenue, USD Million; Volume, Million Units)

  • In-ear
  • Over-ear

Earphones & Headphones Market, by Price (Revenue, USD Million; Volume, Million Units)

  • Less than 50 USD
  • Between 50 to 100 USD
  • Above 100 USD

Earphones & Headphones Market, by Technology (Revenue, USD Million; Volume, Million Units)

  • Wired
    • Active Noise Cancellation (ANC)
    • Others
  • Wireless
    • Active Noise Cancellation (ANC)
    • Bluetooth
    • NFMI
    • Smart headphones
    • Others

Earphones & Headphones Market, by Application (Revenue, USD Million; Volume, Million Units)

  • Fitness/Sports
  • Gaming
  • Virtual Reality
  • Music & Entertainment

Earphones & Headphones Market, by Region (Revenue, USD Million; Volume, Million Units)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
    • Colombia
  • Middle East & Africa
    • Saudi Arabia
    • UAE

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Earphones & Headphones Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Earphones & Headphones Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Market Analysis by Product
    • In-Ear
    • Over-Ear
  • Market Analysis by Price
    • Less Than 50 USD
    • Between 50 To 100 USD
    • Above 100 USD
  • Market Analysis by Technology
    • Wired
    • Wireless
  • Market Analysis by Application
    • Fitness
    • Gaming
    • Virtual Reality
    • Music & Entertainment
  • Leading Brand Dynamics
  • Key Market Drivers
    • Miniaturization of earphones and headphones
    • Adoption of earphones and headphones during workout and other activities
    • Mounting penetration of tablets, smartphones, and other multimedia devices
    • Demand for fashionable and trendy designs
  • Key Market Challenges/ Restraints
    • Presence of counterfeit products
  • Major Trends &Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Earphones & Headphones Market-PESTEL Analysis
  • Company Market Share/Heat Map Analysis

Chapter 5 Technology Trends

  • Technology Overview
  • Key R&D Trends
  • Market Impact

Chapter 6 Merger and Acquisition Outlook

  • Factors driving M&A in Earphones & Headphones market
  • Historic trends and future outlook
  • Average deal size by region

Chapter 7 Regional Market Outlook by Revenue (USD Million)

Earphones & Headphones Market Landscape by Region- 2014-2024

  • North America Market Landscape Analysis, 2014-2024 (USD Mn)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 (USD Mn)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 (USD Mn)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
    • Colombia Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (USD Mn)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (USD Mn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024

Chapter 8 Regional Market Outlook by Volume (Million Units)

Earphones & Headphones Market Landscape by Region- 2014-2024

  • North America Market Landscape Analysis, 2014-2024 (Million Units)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 (Million Units)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 (Million Units)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
    • Colombia Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (Million Units)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (Million Units)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024

Chapter 9 Pricing Analysis

Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2016
  • North America Pricing Analysis (OPP, IPP and RAP- 2016)
    • U.S. Pricing Analysis-2016
    • Canada Pricing Analysis-2016
  • Europe Pricing Analysis (OPP, IPP and RAP - 2016)
    • UK Pricing Analysis-2016
    • Germany Pricing Analysis-2016
    • France Pricing Analysis-2016
    • Italy Pricing Analysis-2016
    • Spain Pricing Analysis-2016
  • Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
    • Brazil Pricing Analysis-2016
    • Mexico Pricing Analysis-2016
    • Colombia Pricing Analysis-2016
  • Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
    • Japan Pricing Analysis-2016
    • China Pricing Analysis-2016
    • India Pricing Analysis-2016
  • Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
    • Saudi Arabia Pricing Analysis-2016
    • UAE Pricing Analysis-2016

Chapter 10 Competitive Landscape

 
  • Beats
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Bose Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Grado Labs
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • JBL Harman
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • JVC Kenwood Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Panasonic Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Philips
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Pioneer Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Shure Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Skullcandy
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Sony Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
 

List of Tables

  • TABLE 1 Earphones & Headphones Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Earphones & Headphones Market, 2014 – 2024 (USD Million, Million Units)
  • TABLE 3Global Earphones & Headphones Market by Product, 2014 – 2024 (USD Million, Million Units)
  • TABLE 4Global Earphones & Headphones Market by Price, 2014 – 2024 (USD Million, Million Units)
  • TABLE 5Global Earphones & Headphones Market by Technology, 2014 – 2024 (USD Million, Million Units)
  • TABLE 6Global Earphones & Headphones Market by Application, 2014 – 2024 (USD Million, Million Units)
  • TABLE 7Earphones & Headphones Market - Key Market Driver Analysis
  • TABLE 8Earphones & Headphones Market - Key Market Restraint/ Challenge Analysis
  • TABLE 9Earphones & Headphones Market – Key Opportunity Analysis
  • TABLE 10North America Earphones & Headphones Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 11 U.S. Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 12 Canada Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 13Europe Earphones & Headphones Market Landscape Analysis, 2014-2024(USD Million, Million Units)
  • TABLE 14 U.K Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 15 Germany Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 16 France Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 17 Italy Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 18 Spain Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 19Latin America Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 20 Brazil Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 21 Mexico Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 22 Colombia Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 23Asia Pacific Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 24Japan Earphones & Headphones Market Landscape Analysis, 2014-2024(USD Million, Million Units)
  • TABLE 25 China Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 26 India Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 27 Middle East & Africa Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 28 Saudi Arabia Earphones & Headphones Market Landscape Analysis, 2014-2024(USD Million, Million Units)
  • TABLE 29 UAE Earphones & Headphones Market Landscape Analysis, 2014-2024 (USD Million, Million Units)
  • TABLE 30 North America Pricing Analysis
  • TABLE 31 North America Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 32 U.S. Pricing Analysis-2016
  • TABLE 33 Canada Pricing Analysis-2016
  • TABLE 34 Europe Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 35 U.K Pricing Analysis-2016
  • TABLE 36 Germany Pricing Analysis-2016
  • TABLE 37 France Pricing Analysis-2016
  • TABLE 38 Italy Pricing Analysis-2016
  • TABLE 39 Spain Pricing Analysis-2016
  • TABLE 40 Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 41 Brazil Pricing Analysis-2016
  • TABLE 42 Mexico Pricing Analysis-2016
  • TABLE 43 Colombia Pricing Analysis-2016
  • TABLE 44 Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 45 Japan Pricing Analysis-2016
  • TABLE 46 China Pricing Analysis-2016
  • TABLE 47 India Pricing Analysis-2016
  • TABLE 48 Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 49 Saudi Arabia Pricing Analysis-2016
  • TABLE 50UAE Pricing Analysis-2016

List of Figures-

  • FIG. 1 Earphones & Headphones Market Segmentation
  • FIG. 2 Market Size & Growth Prospects
  • FIG. 3 Leading Brand Dynamics
  • FIG. 4 Penetration & Growth Prospects
  • FIG. 5 Industry Analysis – Porter’s
  • FIG. 6 Earphones & Headphones Market – PESTEL Analysis
  • FIG. 7 Earphones & Headphones Market Share by Product, 2016 & 2024
  • FIG. 8 Earphones & Headphones Market Share by Price, 2016 & 2024
  • FIG. 9 Earphones & Headphones Market Share by Technology, 2016 & 2024
  • FIG. 10 Earphones & Headphones Market Share by Application, 2016 & 2024
  • FIG. 11 Earphones & Headphones Market Share by Region, 2016 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
  Key Findings:  
  • Global Earphones & Headphones Market was valued at $10.1 Billion in 2015 and is estimated to grow at a CAGR of over 7% from 2016 to 2024.
  • Major technological advancements in wireless technologies including Wi-Fi, SKAA, Infrared and Bluetooth are further aiding the adoption of these devices.
  • Technological advancements resulting in the development of smart headphones enabled with enhanced features such as WiFi, Bluetooth, and Active Noise Cancellation (ANC) is expected to escalate demand.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

    1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
    2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
    3. Need Gap Analysis- Defining the gap between our scope and availability of information.
    4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
    5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
    6. Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
    7. Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
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Description

The global earphones and headphones market was valued at $9.5 bn in 2016 and is forecast to grow at a modest CAGR of 6.5% between 2017 and 2024, culminating to global revenue of $15.4 bn by 2024.

 

Industry at a Glance

 

The global earphone & headphone industry is driven by escalating use of portable music systems, such as smartphones, tablets, and portable music players. The market is characterized by advancements and innovations resulting in the development of sophisticated noise cancellation features, which have further added to the rising popularity.

 

The industry dynamics are changing rapidly with the trend for affordable and compact earphones/ headphones. Technological advancements have significantly led to the development of audio solutions for fitness/sports applications. Compatibility of these devices with portable consumer electronics including tablets, smartphones, music players and other home appliances is further expected to bolster market growth.

 

Additionally, incorporation of several features including Wi-Fi, Bluetooth and infrared in wireless headphones is another emerging trend witnessed across the industry. The industry is also observing escalating consumer demand for high fidelity and style along with elevating adoption during workout which is anticipated to drive market growth significantly over the forecast period.

 

Earphones & Headphones Market 2024

 

Pricing Analysis

 

By price, the market is segmented into less than 50 USD, between 50 to 100 USD and above 100 USD. Less than 50 USD segment held majority revenue share in 2016 but is expected to lose market share over the forecast period mainly on account of increasing popularity of between 50 to 100 USD price segment. Consumers are gradually shifting towards the purchase of slightly expensive audio devices primarily owing to high fidelity and style resulting in gaining traction of expensive earphones and headphones.

 

“Optimal Price Point (OPP) for Earphones & Headphones”

 

Estimated average earphones/headphones cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

The industry dynamics are changing rapidly with a trend towards affordable and compact earphones/ headphones. Since the industry is characterized by continuous technological developments and innovations and owing to rising competition, the majority of the leading industry participants emphasize on reducing their product price significantly in an attempt to prevail in this highly competitive environment.

 

Product Outline

 

By type, the market is categorized into in-ear and over-ear. In-ear headphones accounted for the majority revenue share in 2016 and are estimated to grow at a modest CAGR of 6.4% over the forecast period. Budding popularity and adoption of tablets, laptops, smartphones, portable music players and other mobile devices are anticipated to catapult the in-ear headphones demand over the next few years.

 

Over-ear headphones segment is estimated to grow at a moderate pace over the next seven years primarily on account of the advent of featured loaded headphones equipped with advanced noise canceling technologies. The rise of Active Noise Cancellation (ANC) techniques are resulting in minimization of any alteration caused while listening, providing an improved listening experience to the consumers, is further estimated to fuel segment growth.

 

Technology Trends

 

By technology, the market is classified into wired and wireless. Wired technology segment held more than 50% of the overall revenue share in 2016 and is anticipated to witness modest growth over the forecast period. This is ascribed to the snowballing adoption of wired earphones and headphones primarily in developing economies of Asia Pacific and Latin America.

 

The wireless segment is anticipated to witness bullish growth with a CAGR of 6.4% over the next seven years. These products eliminate the hassles of having to deal with earphones/ headphones wire getting tangled up in knots or getting caught in the jacket zipper. Additionally, the industry is also witnessing the emergence of wireless earbuds, wherein several new entrants are working on developing completely wireless products. The development is not only limited to these new entrants, leading players such as Samsung are also focusing on this aspect.

 

Application Insights

 

On the basis of application, the market is segmented into fitness, gaming, virtual reality and music & entertainment. Music & entertainment accounted for more than 35% of the overall revenue share in 2016 and is anticipated to witness robust growth over the forecast period. This is accredited to the rising demand for audio solutions compatible with portable consumer electronics primarily to listen to music.

 

Virtual reality is seen as an emerging application segment growing with a CAGR exceeding 7% over the forecast period. This is attributed to the escalating consumer demand for technically advanced and innovative products that enhance the listening experience.

 

Regional Outlook

 

Based on region, the market is classified into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific captured more than 35% of the overall revenue share in 2016 which is estimated to increase over the next seven years. This is ascribed to the growing penetration of smartphones and tablets along with the rising popularity of Western music culture in this region.

 

Latin America is also expected to exhibit high growth over the forecast period owing to increasing usage of these devices in sports and fitness in the region. Mounting traction of online audio and video content is another factor driving the regional market growth.

 

Growth Drivers & Restraints

 

Notable market drivers include technological advancements and miniaturization of earphones and headphones, adoption of earphones and headphones during workout and other activities, mounting penetration of tablets, smartphones, and other multimedia devices, and demand for fashionable and trendy designs. Consumers actively strive for style and reliability resulting in enhanced product demand.

 

The presence of counterfeit products primarily from the Chinese manufacturers is a major challenge observed by the leading industry participants. In addition, the growing manufacturing of low-cost fraudulent products with increased offerings and benefits is expected to restrain market growth.

 

Merger & Acquisition Insights

 

Collaborations have seen a vital part of the industry. Manufacturers merge or collaborate with companies from a totally different industry to develop innovative audio products that cater to a particular set of target audience. Leading industry participants also collaborate with popular artists and musicians in a bid to appeal to their fans.

 

Top Players & Company Share

 

Notable players in the market include Beats, Bose Corporation, Panasonic Corporation, JVC Kenwood Corporation, Grado Labs, JBL Harman, Pioneer Corporation, Skullcandy, Shure Inc., Philips, and Sony Corporation. Prominent industry participants focus on investing in R&D for developing innovative techniques to increase product differentiation.

 

Market Segmentation

Earphones & Headphones Market, by Product (Revenue, USD Million; Volume, Million Units)

  • In-ear
  • Over-ear

Earphones & Headphones Market, by Price (Revenue, USD Million; Volume, Million Units)

  • Less than 50 USD
  • Between 50 to 100 USD
  • Above 100 USD

Earphones & Headphones Market, by Technology (Revenue, USD Million; Volume, Million Units)

  • Wired
    • Active Noise Cancellation (ANC)
    • Others
  • Wireless
    • Active Noise Cancellation (ANC)
    • Bluetooth
    • NFMI
    • Smart headphones
    • Others

Earphones & Headphones Market, by Application (Revenue, USD Million; Volume, Million Units)

  • Fitness/Sports
  • Gaming
  • Virtual Reality
  • Music & Entertainment

Earphones & Headphones Market, by Region (Revenue, USD Million; Volume, Million Units)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
    • Colombia
  • Middle East & Africa
    • Saudi Arabia
    • UAE

Additional information

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