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.
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.
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.
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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.
There are several types of earphones and headphones available in the market, each with its own set of features and benefits. In-ear earphones, also known as earbuds, are small and compact and can be easily carried around. They offer good noise isolation and are suitable for use while traveling or in noisy environments. On-ear and over-ear headphones, also known as circumaural headphones, are larger and provide better sound quality and bass response. They are suitable for use in quiet environments, such as at home or in the office.
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.
Some of the major players in the global earphone and headphone market include Apple, Bose, Sennheiser, Sony, Jabra, Bowers & Wilkins, JBL, Skullcandy, Plantronics, and Shure.
It’s important to mention that lately the noise-cancellation headphones are becoming more popular, especially the active noise-cancellation headphones, they are expected to dominate the market share in the forecast period.
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, strengthening of distribution channel and 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)
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