The global earphones and headphones market was valued at $9.5 bn in 2016 and is forecast to grow at a modest CAGR of 6.5% between 2017 and 2024, culminating to global revenue of $15.4 bn by 2024.
Industry at a Glance
The global earphone & headphone industry is driven by escalating use of portable music systems, such as smartphones, tablets, and portable music players. The market is characterized by advancements and innovations resulting in the development of sophisticated noise cancellation features, which have further added to the rising popularity.
The industry dynamics are changing rapidly with the trend for affordable and compact earphones/ headphones. Technological advancements have significantly led to the development of audio solutions for fitness/sports applications. Compatibility of these devices with portable consumer electronics including tablets, smartphones, music players and other home appliances is further expected to bolster market growth.
Additionally, incorporation of several features including Wi-Fi, Bluetooth and infrared in wireless headphones is another emerging trend witnessed across the industry. The industry is also observing escalating consumer demand for high fidelity and style along with elevating adoption during workout which is anticipated to drive market growth significantly over the forecast period.
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Key findings from the study: -
• Global Earphones & Headphones Market was valued at $10.1 Billion in 2015 and is estimated to grow at a CAGR of over 7% from 2016 to 2024.
• Major technological advancements in wireless technologies including Wi-Fi, SKAA, Infrared and Bluetooth are further aiding the adoption of these devices.
• Technological advancements resulting in the development of smart headphones enabled with enhanced features such as WiFi, Bluetooth, and Active Noise Cancellation (ANC) is expected to escalate demand.
Ameri Research has segmented the Earphones & Headphones Market by material categories, product type, end-use and region:
Market Segmentation
Earphones & Headphones Market, by Product (Revenue, USD Million; Volume, Million Units)
• In-ear
• Over-ear
Earphones & Headphones Market, by Price (Revenue, USD Million; Volume, Million Units)
• Less than 50 USD
• Between 50 to 100 USD
• Above 100 USD
Earphones & Headphones Market, by Technology (Revenue, USD Million; Volume, Million Units)
• Wired
• Active Noise Cancellation (ANC)
• Others
• Wireless
• Active Noise Cancellation (ANC)
• Bluetooth
• NFMI
• Smart headphones
• Others
Earphones & Headphones Market, by Application (Revenue, USD Million; Volume, Million Units)
• Fitness/Sports
• Gaming
• Virtual Reality
• Music & Entertainment
Earphones & Headphones Market, by Region (Revenue, USD Million; Volume, Million Units)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Colombia
• Middle East & Africa
• Saudi Arabia
• UAE
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