Wireless Headset Market to Grow at 11%, Led by APAC
Technological advancements,
changing consumer preferences and increasing sales of mobile devices to drive
the global wireless headsets market through 2023
According to TechSci Research report, “Global
Wireless Headsets Market By Type, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2013–2023”, the
global wireless headset market is anticipated to register a CAGR of 11.4% during
2018-2023. Wireless headsets are increasingly becoming sophisticated in
providing audio output as well as hassle-free connectivity with other
electronic devices such as laptops, smartphones, music players, tablets, etc. In
2016, more than 340 million units of headphones were shipped globally, as
compared to 331 million headphones in 2015. In 2017, on-ear segment accounted for majority
value share in global wireless headsets market and is forecast to maintain its
dominance through forecast period as well owing to compatibility of on-ear
segment with a wide array of electronic devices and the convenience and comfort
offered by them.
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According to the World Bank, the number
of internet users, globally, has increased significantly over the past few
years, reaching 3.42 billion in 2016 from 2.23 billion in 2011, thereby indicating
a strong demand for allied electronic devices which use headsets. Among
distributions channels, multi-branded
stores generated the highest sales for wireless headsets in 2017, globally, and
this trend is likely to continue during forecast period as well due to the
convenience of having multiple brands available at a single location along with
lucrative discounts and offers.
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Asia-Pacific accounted for the largest share
in the global wireless headsets market, on account of high demand from developing
economies such as China and India. Furthermore, the region is expected to
maintain its dominance throughout the forecast period, owing to high growth of
the mobile device industry in the region. “Wireless headsets market is heavily dependent on the mobile
device industry. Therefore, regions with rapidly growing mobile device industries
such as India, China, Philippines, etc., are expected to significantly drive
the wireless headphones market as the applications of wireless headsets has
tremendous scope in the personal space as well as for corporate use. Moreover, with
the advent of online streaming services such as Netflix, Amazon Prime, Hulu,
etc., demand for wireless headsets is likely to increase as customers like to
enjoy these services on their own personal devices, thereby encouraging them to
buy wireless headsets.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Wireless Headsets Market By Type, By Distribution
Channel, By Region, Competition Forecast & Opportunities,
2013–2023” has
evaluated the future growth potential of wireless headsets market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in global wireless headsets market.
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