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Earphone and Headphone Market valuation of US$ 35.2 Bn by

DUBAI, United Arab Emirates, Jan. 20, 2022 (GLOBE NEWSWIRE) — The world earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to shut in on a valuation of US$ 35.2 Bn by 2028, increasing at a CAGR of 7.9% over the 2022 to 2028 evaluation interval.

Earphone and Headphone Market Size (2022)  US$ 22.3 Bn
Sales Forecast (2028) US$ 35.2 Bn
 Global Market Growth Rate (2022 to 2028) 7.9% CAGR
Share of Top 5 Earphone and Headphone Suppliers 45%

Future Market Insights has not too long ago revealed a market analysis report titled “Earphone and Headphone Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.”

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Developing Countries Turning into ‘Largest Sales Hub’

The gross sales of cell phones and smartphones have grown considerably the world over for the reason that previous few years, particularly in growing nations comparable to India, China, Brazil, and Mexico. Moreover, the growing development of cellular buying, E-banking, and bringing your personal system (BYOD) is driving the worldwide demand for smartphones and tablets, which is, in flip, boosting the technologically superior units, comparable to Wi-Fi enabled units, within the earphones and headphones market.

The growing migration of the agricultural inhabitants to cities, particularly throughout growing nations comparable to India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will nevertheless stay the main marketplace for earphone and headphone within the close to future, in response to FMI’s findings.

In the previous decade, there was an upsurge in urbanisation, which resulted in a rise within the disposable revenue of the inhabitants that migrated to city areas. Growth within the disposable revenue of the individuals has boosted the adoption of technologically superior merchandise worldwide, which embody sensible units, smartphones, tablets, and superior wi-fi earphones. This development has been majorly noticed in growing nations, comparable to India, China, Brazil, Mexico, and Indonesia. This has resulted in a rise within the adoption of earphones and headphones in these nations.

Strengthening the distribution channel and increasing promoting platforms for earphones and headphones can also be contributing to the event of the worldwide marketplace for earphones and headphones. The music business as an entire is estimated to contribute to the rising GDP and per capita income of assorted nations. Thus, steady development within the music business and the music streaming market is boosting the adoption of equipment for music techniques, which embody earphones, headphones, and clever audio system.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A major variety of corporations within the earphone and headphone market rely primarily upon highly effective gross sales channels, comparable to multi-brand distributors and the retailers of headphones & earphones, to have the ability to provide higher customer support and obtain a aggressive edge within the earphone and headphone business. In addition to partnerships with distributors, the suppliers of earphones and headphones collaborate with quite a few E-commerce corporations, comparable to Alibaba and Amazon, as a result of rising E-commerce business, particularly in nations such because the U.S., China, Brazil, and India. Strengthening the distribution channel and increasing advertising and marketing platforms for numerous gadgets additionally contributes to the event of the worldwide marketplace for earphones and headphones.

Some of the important thing gamers within the world earphone and headphone market analysis report embody Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These corporations within the earphone and headphone market are frequently specializing in offering main merchandise and following the technique of coming into into collaborations and partnerships with different suppliers to supply enhanced earphones & headphones and to achieve new development markets throughout the forecast interval.

Based on product kind, the worldwide earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The fast development of the music business and the penetration of music streaming has resulted in vital development within the demand for earphones and headphones. Based on know-how, the worldwide earphone and headphone market is sub-segmented into techniques, which embody wi-fi and wired.

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Based on utility, the market is sub-segmented into private use {and professional} use, which is additional divided into company workplaces and media & leisure, sports activities, and gaming. Based on headset kind, the market is sub-segmented into ANC and Non-ANC. Based on the distribution channel, the market is sub-segmented into distributors & value-added resellers, retail shops, which incorporates multi-brand shops and unique shops, and the e-commerce channel. Based on value vary, the market is sub-segmented into low value, medium value, and premium value.

Earphone and Headphone Industry Report Scope

Attribute Details
Forecast Period 2022-2028
Historical Data Available for 2013-2021
Market Analysis Value in US$ Mn, Volume in Units
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • Italy
  • France
  • U.Okay
  • Nordic
  • Spain
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
  • Turkey
Key Market Segments Covered
  • Product Type
  • Technology
  • Headset Type
  • Application
  • Distribution Channel
  • Price Range
  • Region
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.
  • Panasonic Corporation
  • Pioneer Corporation
  • Shure Incorporated
  • Ultimate Ears, LLC

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The know-how group at Future Market Insights provides knowledgeable evaluation, time environment friendly analysis, and strategic suggestions with an goal to supply genuine insights and correct outcomes to assist purchasers worldwide. With a repertoire of over 100+ studies and 1 million+ information factors, the group has been analyzing the business lucidly in 50+ nations for over a decade. The group supplies a short evaluation on key developments together with aggressive panorama, revenue margin, and analysis growth efforts.

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Report: studies/earphones-headphones-market
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