Earphones & Headphones Market to Surpass $19 Billion by 2022
Rising purchasing power of
consumers, increasing penetration of online streaming services coupled with growing
smartphone and other mobile device market to drive global earphones & headphones
market through 2022
According to TechSci
Research report, “Global Earphones
& Headphones Market By Type, By
Application, By Region, Competition Forecast & Opportunities, 2012 – 2022”, earphones and headphones market across
the globe is forecast to surpass $19 billion by 2022. Earphones and headphones have been
subjected to heavy technological advancements like wireless technology, active
noise cancellation, bone conduction, etc., which is appealing to the consumers.
The market is expected to experience growth on account of expanding mobile devices
industry and increasing penetration of online streaming services, supported by
the fact that online streaming generated a revenue of $6.7 billion for music
industry in 2015, as per International Federation of Phonographic Industries.
Moreover, smartphone market in regions like Asia-Pacific and MEA are witnessing
growth in the market, which can be noted from the fact that India saw the
largest shipment of smartphones across the globe in 2015, registering a growth
of 28.8% as compared to 2014, positioning India as one of the fastest growing smartphone markets in Asia.
Browse 4 market data Tables and 74 Figures
spread through 136 Pages and an in-depth TOC on "Global Earphones & Headphones Market"
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Asia-Pacific
region has been the largest demand generator in 2016 and is expected to
maintain its dominance during the forecast period as a result of expanding
smartphone and other mobile device industry in densely populated countries like
China, India, Philippines, etc., and increasing demand for earphones and
headphones from the corporate sector in the region, as India and Philippines
are two of the largest offshoring centers in the world. The market in North
America is expected to slow down by 2022 due to the smartphone industry, which
is expected to reach its peak level by that period. The wired segment dominated
global earphones and headphones market owing to its strong presence in the
distribution network of earphones and headphones. However, the constant
technological developments and comprehensive styling are expected to drive the
market for wireless earphones and headphones, outpacing the wired segment. This
can be attributed to the recent trend of removal of headphone jacks from
smartphones.
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“Extensive use of
earphones and headphones in the medical sector, military sector, professional
sector like the music industry, etc., is surging globally. Further, the manufacturing companies are also
investing in marketing strategies and introducing products with new innovations
in earphones and headphones like active noise cancellation to promote their
products. Moreover, concern for counterfeiters has compelled the manufacturers
to take necessary steps in order to curb this problem, which is increasing year-on-year.
These developments are, in turn, expected to propel global earphones & headphones
market, making it a lucrative one for companies operating in the
industry.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Earphones
& Headphones Market By Type, By
Application, By Region, Competition Forecast & Opportunities, 2012 – 2022” has evaluated
the future growth potential of global earphones and headphones market and
provides statistics and information on market structure, size, share and future
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities present in the global
earphones and headphones market.
About TechSci Research
TechSci Research
is a leading global market
research firm publishing premium market research reports. Serving 700 global clients
with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
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