South America Wireless Headsets Market to Grow in Double Digits until 2023
Technological advancements, growing
mobile phone and internet user base, and changing consumer patterns to drive South America wireless headsets
market through 2023
According to TechSci Research
report, “South
America Wireless Headsets Market By Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2013 – 2023”, South
America wireless headsets market is projected to register a CAGR of over 11% during
2018 - 2023. Advanced connectively options with electronic devices such as
laptops, smartphones, televisions and tablets are pushing the sales of wireless
headsets in the region. On-ear segment emerged as the major revenue generator
in South America wireless headsets market in 2017 and is forecast to maintain
its market dominance through 2023, backed by their product awareness,
lightweight and comfortable.
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Brazil dominates
the region’s wireless headsets market, followed by Argentina, owing to higher
per capita income and consumer preferences towards wireless headsets. According
to the World Bank, internet penetration increased from 58.32% in 2015 to 60.87%
in 2016 in Brazil. As more and more people are preferring to enjoy online
services like listening to music and watching videos, South America wireless
headsets market is anticipated to register growth in the coming years. Multi-branded
stores account for nearly half of the market, as they offer multiple option of
brands and additional discounts, thereby attracting a huge customer base.
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“Rising smartphone user base in countries such
as, Brazil, Argentina and Colombia is significantly contributing towards the
growth of wireless headsets market in South America region, as they help in creating
a personal space and staying focused. Moreover, increasing sophistication of
headphones & earphones, growing organized retail and e-commerce industry,
and rising sales of mobile devices such as tablets, laptops and MP3 players
would positively influence the region’s wireless headsets market during
forecast period.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“South
America
Wireless Headsets Market By Type, By Distribution Channel, By Country, 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 decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in South America wireless headsets market.
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