The expected value of the global earphone and headphone market is US$ 22.3 billion in 2022, and it is anticipated to approach US$ 35.2 billion by 2028, growing at a CAGR of 7.9% from 2022 to 2028. Around 27% of the market for audio devices was made up of earphone and headphone sales in 2021. Over the next few years, in-ear headphones and earphones are expected to see the biggest growth in demand.
The global earphones and headphones market is a rapidly growing industry. The market is driven by the increasing popularity of smartphones and other portable devices, as well as the growing demand for wireless and noise-canceling technology. The market is also being driven by the increasing popularity of streaming services such as Spotify and Apple Music, which allow users to access a vast library of music and audio content.
Market growth is anticipated to be fueled by technological advancements in the earphone and headphone industries, such as the introduction of active noise cancellation, which enhances customers’ listening experiences. Due to their affordability and user-friendliness, these devices are much sought after on a global scale.
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Earphones and headphones are both types of audio devices that allow you to listen to music or other audio content. The main difference between the two is the way they fit in or on your ears. Earphones are smaller and fit directly inside the ear canal, while headphones are larger and fit over the ears. Both earphones and headphones can be wired or wireless, and can be used with a variety of devices such as smartphones, computers, and music players.
Competitive Landscape
Significant number of companies manufacturing earphones and headphones depend upon powerful sales channels, such as multi-brand distributors and retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry.
Key earphone and headphone manufacturing companies are focusing on providing high-tech products and entering into collaborations & partnerships with other earphone providers to offer enhanced devices and the best earbuds to penetrate new markets.
Key Companies Profiled
- Sony Corporation
- JVC Corporation
- Harman International Industries
- Bose Corporation
- Audio-Technica Corporation
- Skullcandy, Inc.
- Alclair Audio, Inc.
- Apple, Inc.
- Grado Labs
- Logitech International S.A.
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Wireless earphones and headphones are becoming increasingly popular, driven by the convenience they offer and the growing adoption of smartphones and other mobile devices. Bluetooth technology is the most commonly used wireless technology for earphones and headphones, although other technologies such as Near Field Communication (NFC) and Wi-Fi are also being used.
The earphone and headphone market is also segmented by price range, with different products catering to different consumer segments. Entry-level products are affordable and offer basic features, while premium products offer advanced features such as active noise cancellation and high-quality audio.
Earphone and Headphone Demand Analysis from 2013 to 2021 Vs Market Projections for 2022 to 2028
The global earphone and headphone market witnessed a growth rate of 7.1% from 2013 to 2021.
Over the past few years, there has been significant growth in the sales of smartphones and mobile phones across the world, especially in developing countries. As the usage of mobile devices has increased, demand for earphones and headsets has also increased in parallel.
To gain a competitive advantage in the earphone and headset market, key providers largely rely on strong distribution channels, such as multi-brand distributors and retailers of earphones and headsets, to improve the availability of their products. Thus, the strengthening of distribution channels and the expansion of marketing platforms for various products are assisting the growth of the audio devices market in terms of value.
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Key Segments of Earphone and Headphone Industry Survey
Earphone and Headphone Market by Product Type:
- Earbuds
- In-ear
- On-ear
- Over-ear
Earphone and Headphone Market by Technology:
- Wireless
- Wired
Earphone and Headphone Market by Headset Type:
- ANC
- Non-ANC
Earphone and Headphone Market by Application:
- Personal Use
- Professional
- Corporate Offices
- Media & Entertainment
- Sports
- Gaming
Earphone and Headphone Market by Distribution Channel:
- Distributors & Value Added Resellers
- Retail Stores
- Multi-brand
- Exclusive
- e-Commerce
Earphone and Headphone Market by Price Range:
- Low Price
- Medium Price
- Premium Price
Earphone and Headphone Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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