Earphones and Headphones Market is expected to value at USD 15.8 billion by 2025. The market is subject to witness a substantial growth due to the increasing market penetration of mobile phones and growing fad towards music players. Rapid growth in music industry and shifting trend towards personalized experience is expected to drive the market growth of earphones & headphones over the forecast period. Globally, the earphones & headphones industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
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The key driving factors responsible for the growth of Earphones and
Headphones market :
Introduction of Bluetooth
headphones and increasing demand for in-ear headphones are propelling market
demand for earphones and headphones over the forecast period. The recent
technological advancement in the wireless communication sector coupled with development
of innovative design are expected to offer lucrative growth opportunities for
industry players over the next seven years. Moreover, development of live music
streaming on portable devices to cater evolving music & entertainment
industry is fostering industry expansion over the coming years.
Growing popularity of earphones
and headphones among young population is estimated to propel market demand over
the upcoming years. Increasing use of earphones and headphones during fitness
activities, for relaxation, and medication is forecasted to boost market growth
prospects over the next seven years. Growing purchase of smartphones, tablets
and portable music players across the globe is a key market trend, driving
industry growth in the past few years.
Earphones and headphones are
portable and easy to use, thus positively affecting market growth in the recent
years. Growing consumer demand for increased fidelity and style is driving more
customers towards earphones & headphones market. In addition, introduction
of quality audio and hassle-free wired devices is driving market sales in the
past few years.
The earphones and headphones
industry is broadly categorized into major segments based on the end-user
application type such as fitness & sports, gaming, virtual reality, and
music & entertainment. The music & entertainment segment is growing
rapidly in the earphones and headphones market with substantial revenue
generation in the last few years. Growing popularity of earphones and
headphones in the music & entertainment segment is attributed to the
increasing consumer base and shifting trend towards music as a fad.
The earphones and headphones
industry is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in the implementation of latest technologies in music &
entertainment sector, shifting trend towards on-the-go lifestyle, rise in the
consumer base, increase in number of research & development activities in
the region, and existence of well-established manufacturing infrastructure.
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