Earphones & Headphones Market Size By Technology (Wired, Wireless), By Application (Consumer, Call Center, Industrial, Aviation, Construction, Public Safety), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: May 2017  |  Report ID: GMI482  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 300   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Earphones & Headphones Market size surpassed USD 20 billion in 2016 and is poised to grow at a CAGR of over 3.5% till 2024. Growing penetration of smartphones & tablets will drive the market growth.
 

The penetration of smart devices has contributed significantly to multimedia consumption on devices such as mobiles, music players, and tablets. Rapid technological advancements and growing adoption of innovative technologies by consumers from several sectors such as construction, public safety, and aviation is positively impacting the market demand.
 

Earphones & Headphones Market

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The earphones and headphones industry have experienced several technological advancements such as improvisation in sound quality, high performance and attractive designs. Growing demand for smartphones, MP3 players, iPods as well as online music sites are contributing to the market revenue.
 

Earphones & Headphones Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 20 Billion (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Forecast Period 2017 to 2024 CAGR: 3.5% 2024 Value Projection: 25 Billion (USD)
Pages: 300 Tables, Charts & Figures: 327
Geographies covered (14): U.S., Canada, UK, Germany, France, Italy, China, Japan, India, South Korea, Mexico, Brazil, Saudi Arabia, South Africa
Segments covered: Technology, Application and Region
Companies covered (30): 3M, Alclair Audio, Apple, Inc., Audio Technica Corporation, Bang & Olufsen Group, Bose Corporation, Bowers & Wilkins Group Ltd., David Clark Inc., GN Group, Grado Labs, Harman International, Inc., JVC, Koninklijke Philips N.V., Koss Corporation, LG Corporation, Logitech International S.A., Monster, Inc., Motorola Solutions, Panasonic Corporation, Pioneer Corporation, Plantronics, Inc, Scosche Industries, Inc., Sennheiser Electronic, Sepura, Shure Incorporated, Silynx Communications, Inc., Skullcandy, Inc., Sony Corporation, V Moda, Voxx International Corporation
Growth Drivers:
  • Technological advancements
  • Growing demand across several application areas
  • Rising purchasing power
Pitfalls & Challenges:
  • Unorganized sector

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Market by Technology

Wired technology has been dominating the market for a prolonged period but has been losing its dominance owing to increasing adoption of wireless technology. Nevertheless, the wired technology is widespread in the emerging economies where consumers are price sensitive.
 

The wireless earphones & headphones market is projected to witness over 5% growth through 2024 impelled by ease of convenience and comfort offered by the technology. Moreover, rising demand for wireless technology integrated with features such as noise cancellation and Bluetooth connectivity is expected to contribute to the overall market revenue. Due to this rising demand, manufacturers are developing wireless alternatives with features such as rechargeable batteries and making them compatible with apps.
 

Market by Application

Growing demand from the sports industry on account of innovative features which can help costumers measure the distance covered, track heart rate, and analyze the calories burned through a workout is a major factor impacting the growth of the market. Regardless of the availability of heart rate monitors, the market is witnessing a growing demand for biometric sports tracking.
 

Industrial applications in the market will register high gains till 2024. Companies are offering products for manufacturing sector that are designed for the roughest surroundings and are providing communications and hearing protection. Headphones are the most popular hearing protection products for industrial workers, which will be favorable for the tactical headsets sector.
 

Market by Region

U.S. earphones & headphones market accounted for over 25% revenue share in 2016. The consumer application sector has neared saturation; however, the availability of sports earphones and headphones is significantly aiding the market growth.
 

The region has witnessed high penetration due to technological advancements and has been profoundly influenced by growing adoption rate. Moreover, the increasing demand for these products as fashion accessories is contributing towards the regional market demand.
 

Asia Pacific market is predicted to expand at high CAGR between 2017 and 2024 driven by presence of high population and growing disposable income in economies such as China, India Japan and South Korea.
 

The region is expected to dominate the market share owing to expansion of mobile device industries in densely populated countries. In addition, the growing demand for headsets from offshoring centers in India and Philippines will augment the market size.
 

Competitive Market Share

Key participants in the market include Bose Corporation, Apple Inc., Grado Labs, Panasonic Corporation, JVC, Sennheiser Electronic, Pioneer Corporation, Sony Corporation and Skullcandy. Due to existence of various industry participants, companies are focusing on consolidation and expanding their services to help gain industry share and sustain in intensifying competition.
 

The availability of counterfeit products is negatively impacting the market growth and contributing to a decline in genuine product sales that affects several companies’ operating results. Companies are incurring considerable expenses to protect their intellectual products rights, by combating unauthorized distribution of copyrighted products.
 

The market research report on earphones and headphones include in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD from 2012 to 2024, for the following segments:

By Technology

  • Wired
  • Wireless

By Application

  • Consumer
  • Call Center
  • Industrial
  • Aviation
  • Construction
  • Public Safety

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

 

Frequently Asked Questions (FAQ) :

The wireless earphones & headphones segment is projected to witness over 5% growth through 2024 as they provide noise cancellation and Bluetooth connectivity feature that is of late, gaining massive traction globally.
U.S. is estimated to acquire a substantial share in the global business on account of ongoing technological advancements, and high smartphone adoption rate.
Key participants in the market include Bose Corporation, Apple Inc., Grado Labs, Panasonic Corporation, JVC, Sennheiser Electronic, Pioneer Corporation, Sony Corporation and Skullcandy.
The industrial applications sector will witness exceptional market demand in the coming years due to their ability to work as a hearing protection equipment for industrial workers.

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