Earphones and Headphones Market Shipments to Register 4% Growth Till 2024: Global Market Insights, Inc.

SELBYVILLE, Del., March 12, 2020 /PRNewswire/ -- According to the latest report "Earphones and Headphones Market by Technology (Wired, Wireless), Application (Consumer, Call Center, Industrial, Aviation, Construction, Public Safety), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2024", by Global Market Insights, Inc., the market valuation of earphones & headphones will cross $25 billion by 2024.

It is prudent to mention that wireless technology has indeed enhanced the growth of the earphones and headphones market drastically, given that it mainly uses Bluetooth as a connection medium. Wireless headsets require a Li-ion rechargeable battery for powering their circuits. The deployment of wireless technology thus offers immense growth opportunities to the battery manufacturing sector and by extension, the earphones and headphones industry.

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Asia Pacific earphones and headphones market is anticipated to witness exponential growth during the forecast period owing to the rising usage of smart devices and the expanding smartphone industry in densely populated countries such as India and China. The surging demand for these devices is rather vivid from the robust number of outsourced businesses, mainly in the Philippines and India. The increasing consumer disposable incomes and demand for new high-end technologies will also augment the regional market.

The Latin America earphones and headphones market will expand at substantial CAGR through 2024 due to the increasing proliferation of handheld music player devices such as MP3 players and smartphones. The growing trend of using headphones while exercising and driving is anticipated to drive industry growth. Customers are increasingly inclined toward spending on products such as music devices. Furthermore, the leading market players in the region are collaborating with public figures to gain consumer attention.

Some of the most iconic brands in the earphones & headphones market include Apple, Inc., Samsung, Bose Corp., David Clark Inc., Harman International, Inc., JBL, JVC, Sony Corp., Philips N.V., Sennheiser Electronic, Skullcandy, Inc., etc. Players are increasingly focusing on developments in wireless technologies, enhanced noise-canceling functionalities and sound quality with a major focus on feature-oriented systems.

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Table of Contents (ToC) of the report:

Chapter 3 Earphones and Headphones Market Insights

3.1 Industry segmentation

3.2 Industry size and forecast, 2012- 2024

3.3 Industry ecosystem analysis

3.3.1 Distribution channel overview

3.3.2 End-use landscape

3.4 Industry impact forces

3.4.1 Growth drivers Technological advancements Growing demand across several application areas Rising purchasing power

3.4.2 Industry pitfalls and challenges Unorganized sector

3.5 Growth potential analysis

3.6 Porter's analysis

3.7 Average selling price trend, 2012 - 2024

3.7.1 Earphones ASP trends, by technology, 2012 - 2024

3.7.2 Headphones ASP trends, by technology, 2012 - 2024

3.8 Competitive landscape, 2016

3.9 PESTEL analysis

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Browse related report:

Bluetooth Headphones Market Study 2020-2026

A research study conducted by Global Market Insights, Inc., suggests that the wireless Bluetooth headphones market will cross a valuation of around $120 billion by 2026.

Wireless earphones and headphones are increasingly gaining prominence as health and fitness trackers owing to greater accuracy. The new breed of wireless headphones with smart sensors are more suitable for tracking different aspects of users' workout activities including heart rate, calories burned, steps, and distance traveled on the go. Leading manufacturers including Apple, Sennheiser, Beats Electronics, and Sony Corporation are incorporating these advanced biometric features into wireless headphones.

The Latin America Bluetooth headphones market size is projected to register a CAGR of more than 15% through 2026. This can be attributed to the growing popularity of handheld music players among consumers in the region. https://www.gminsights.com/industry-analysis/bluetooth-headphones-market

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.

GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision-makers. https://www.gminsights.com/gmipulse

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Global Market Insights, Inc.
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Global Earphones and Headphones Market valuation to cross USD 25 Bn by 2024: GMI
Asia Pacific earphones and headphones market is anticipated to witness exponential growth during the forecast period owing to the rising usage of smart devices and the expanding smartphone industry in densely populated countries such as India and China.

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