Wireless Headphones Market is Expected to Undergo Significant CAGR Through 2025
Increasing penetration of
mobile devices and rising trend of investing in music and fitness subscription are
acting as key growth driver for global wireless headphones market.
According
to TechSci Research report, “Global Wireless Headphones Market
By Type (On-Ear Headphones, Earbuds), By Connectivity (Wi-Fi, Bluetooth), By
Application (Music and Entertainment, Sports and Fitness, Gaming and Virtual
Reality), By Distribution Channel (Offline (Hypermarket/Supermarket, Multi
Branded Stores, Exclusive Stores), Online), By Region, Forecast & Opportunities,
2025”, the market is anticipated to witness substantial growth during
the forecast period. Key factors propelling the growth of global wireless
headphones market are increasing penetration of mobile devices, laptops,
computers and smart TVs along with growing consumer preference for wireless
devices. The rising trend of investing
in music and fitness subscription is also fueling the demand for wireless
headphones. Moreover, wireless headphones provide freedom of movement and can
be used while doing gym workout, sports, or other physical activities. These
headphones also hold high popularity among young population. Hence, consumers
are more inclined towards portable devices like wireless headphones.
Additionally, technological advancements and
introduction of bone conduction technology for headphones are also serving as
major growth factor for global wireless headphones market. These advanced
headphones also carry features like noise cancellation, frequency response and noise
isolation which is expected to bolster the global wireless headphones market in
coming years. Furthermore, rising purchasing power in developing nations and
increasing penetration of compatible wireless headphones with the smartphones
are propelling the market growth. However, limited connecting availability in
terms of distance range from the device is posing as a major challenge before
manufactures. Also, wireless headphones are comparatively expensive than wired
headphones which is likely to hamper the market growth.
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The global
wireless headphones market can be segmented based on type, connectivity,
application, distribution channel and region. Based on connectivity, the market
can be segmented into wi-fi and Bluetooth. Among them, the Bluetooth segment is
expected to undergo fastest growth during the forecast period owing to
availability of Bluetooth in most of the devices and easy connectivity.
Based
on application, the global wireless headphones market can be categorized into
music and entertainment, sports and fitness, gaming and virtual reality. Among
them, the music and entertainment segment is expected to undergo significant growth through 2025 owing to
rising number of online music sites and consumers’ interest in music and
entertainment. Also, the growing need for portable devices with smart and
comfort features is fueling the growth of wireless headphones market.
Major players operating in the global wireless
headphones market are Apple, Inc., Bose Corporation, Fujikon Industrial
Holdings Ltd., Koninklijke Philips N.V., LG Electronics, Inc., Logitech
International S.A., Panasonic Corporation, Shure Incorporated, Skullcandy,
Inc., Sony Corporation and Zebronics India Pvt. Ltd. Leading companies are
undergoing growth strategies such as introducing innovative and advanced
wireless headphones along with mergers & acquisitions and partnerships.
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“Presence
of prominent companies and high purchasing power of consumers makes North
America a dominating market for global wireless headphones. However, the
increasing digitalization, growing consumer electronics sector and high
penetration of smartphones in emerging economies like India and China is
expected to make Asia Pacific a lucrative market during the forecast period.
Moreover, thriving retail sector and increasing per capita disposable income in
the region is augmenting the growth of global wireless headphones market in
Asia Pacific,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Global Wireless Headphones Market By Type (On-Ear
Headphones, Earbuds), By Connectivity (Wi-Fi, Bluetooth), By Application (Music
and Entertainment, Sports and Fitness, Gaming and Virtual Reality), By
Distribution Channel (Offline (Hypermarket/Supermarket, Multi Branded Stores,
Exclusive Stores), Online), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of wireless
headphones market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global wireless headphones market.
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