Valued at $ 33.4 billion by 2026, headphones and headsets are expected to experience robust growth globally
FACTS AT A GLANCE
Editing: seven; Posted: december 2021
Executive pool: 603
Companies: 266 – Players covered include Alclair Audio, Inc .; Apple Inc .; Bose Corporation; Grado Laboratories; Harman International Industries, Incorporated; JVC Kenwood Company; Koninklijke Philips NV; Logitech International SA; Panasonic Corporation; Society of Pioneers; Plantronics, Inc .; Sennheiser Electronic GmbH & Co. KG; Shenzen Cannice Technology Co. Ltd .; Shure incorporated; Skullcandy, Inc .; Sony Corporation; Ultimate Ears, LLC; Zebronics India Pvt. Ltd and others.
Blanket: All major geographies and key segments
Segments: Product (headphones, headsets); Technology (wireless, wired); Application (Music and entertainment, Fitness / Sports, Games, Virtual reality, Other applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Headphones and Headphones Market to Reach 33.4 billion US dollars by 2026
Headphones and earphones are sound accessories designed to receive audio signals so that users can hear sound. Hearing aids are expected to gain in importance with the continuous advancements to incorporate new features along with their compelling merits. Headphones and earphones are currently available in wired or wireless options. Both also have an active noise cancellation feature, previously only available in closed-back on-ear headphones. Headsets and earphones have grown in popularity with the availability of inexpensive smartphones, MP players, streaming technology, and computers and are today some of the best devices used for listening to music. Headphones and earphones offer improved filtering for sound quality and are poised to benefit from continued efforts to further improve hearing quality for users. Various companies are incorporating better features and sensors to help these devices measure multiple parameters in real time, such as body temperature, heart rate, pulse oximetry, blood pressure, electroencephalogram, and ECG. These devices are believed to support biometric functions by using sound waves to acoustically identify a person.
Amid the COVID-19 Crisis, the Global Headphones and Headphones Market is estimated to be US $ 19.6 billion in 2020, is expected to reach a revised size of 33.4 billion US dollars by 2026, with a CAGR of 9.1% over the analysis period. Headphones, one of the segments analyzed in the report, is expected to grow at a CAGR of 10.7% to reach US $ 22.3 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the headphone segment is readjusted to a revised CAGR of 6.8% for the next 7 year period. This segment currently accounts for a 43.8% share of the global earphones and headphones market. Headphones and earphones are the basic audio accessories for mobile communication devices and the latest models of these accessories are much more efficient than previous models, thanks to technological advancements and design improvements. The latest line of headphones and earphones incorporate versatile and unique features such as advanced Bluetooth functionality, sophisticated battery mechanism, wireless charging, Dolby Atmos audio output and compact yet rugged designs, and are sought after by almost all smartphone and tablet users, regardless of their background and demographic.
The US market is estimated at $ 6 billion in 2021, when China is expected to reach $ 5.6 billion by 2026
The headphone and headphone market in the United States is estimated at US $ 6 billion in 2021. The country currently represents a 27.9% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of 5.6 billion US dollars during the year 2026, with a CAGR of 10.8% throughout the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 8% and 8.3% respectively over the period of analysis. In Europe, Germany is expected to grow by around 7.8% CAGR while the rest of the European market (as defined in the study) will reach US $ 2.5 billion at the end of the analysis period. Following
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