Earphones & Headphones Market Size By Product (Earphones, Headphones), By Technology (Wired, Wireless), By Application (Personal, Corporate), By Distribution Channel (Online, Offline), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI482  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Earphones & Headphones Market size surpassed USD 80 billion in 2019 and poised to grow at a CAGR of over 9% between 2020 and 2026. The global industry shipments are expected to reach 1 billion units by 2026. Technological advancements in earphones and headphones, such as development of lightweight Bluetooth headphones and active noise cancellation, are enhancing listening experience of consumers, driving the market demand.
 

The rising adoption of smartphones, tablets, and laptops in developing countries is further supporting industry growth. The increased adoption of mobile devices and internet penetration have significantly contributed to high consumption of Over the Top (OTT) platforms. With increased popularity of OTT platforms among millennials, the demand for high-quality earphones and headphones for effective audio experience is increasing in the market.
 

Earphones & Headphones Market

Get more details on this report - Request Free Sample PDF
 

The advent of technology, such as AR, 3D, and AI, is propelling the earphones & headphones market revenue. The market players are focusing on implementing AI for providing a unique and personalized audio experience to users. In April 2020, PLAY, a technology start-up company, launched PlayGo BH70, an AI-enabled noise cancelling wireless headphone with smart touch & talk and auto pause & play feature. The emergence of AI-enabled solution has helped in improving the quality of audio and enhancing audio streaming experience for music enthusiasts. The market leaders are integrating AI to attract a large customer base and remain competitive in the market.
 

The earphones & headphones industry growth will witness a temporary slowdown in 2020. This can be attributed to drop in global economic growth and decreasing purchasing power of consumers across the globe. The closure of retail stores and disruption in the supply chain for e-commerce retailers will impact the market growth. In addition, the pandemic has impacted the production capabilities of the market players due to labor shortage and disruptions in supply chain.
 

Earphones & Headphones Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 80 Billion (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 9% 2026 Value Projection: 150 Billion (USD)
Pages: 250 Tables, Charts & Figures: 773
Geographies covered (15): U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, GCC, South Africa
Segments covered: Product, Technology, Application , Distribution Channel and Region
Companies covered (25): 3M, Alclair Audio, Apple, Inc., Audio Technica Corporation, Bang & Olufsen Group, Bose Corporation, Bowers & Wilkins Group Ltd., 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, Samsung Electronics, Co. Ltd., Sennheiser Electronic, Skullcandy, Inc., Sony Corporation, Voxx International Corporation
Growth Drivers:
  • Rise in preference for sound assistance and Wi-Fi enabled headphones in the U.S.
  • Increased R&D expenditure by key players for development of advanced products
  • Growing adoption of wireless headsets among sport and fitness enthusiasts in Europe
  • Rise in use of wireless headphones in Asia Pacific commercial sector
  • Increasing spending on electronic goods in Latin America and MEA
Pitfalls & Challenges:
  • Unorganized sector
  • High cost of wireless headphones and earphones

Get more details on this report - Request Free Sample PDF
 

Technological advancements in earphones have led to improvements in sound quality and listening experience

The earphones shipments are predicted to register growth of around 7% during the forecast timespan, impelled by various technological advancements resulting in minimizing the overall size and weight of earphones. The advent of novel technologies, such as noise cancellation and bone conduction in earphones, has significantly improved audio quality and music experience.
 

Several industry players are integrating advanced technologies, such as wireless charging, noise cancellation, Bluetooth 5.0, and Dolby Atmos, for enhancing the listening experience for consumers. For instance, in January 2020, Audio-Technica Corporation introduced ATH-ANC300TW truly wireless earphones integrated with Active Noise-Cancelling (ANC) technology to provide improved high-fidelity sound and deliver 20 dB noise reduction capability.
 

Growing demand for convenience and comfort among consumers is driving wireless technology industry demand

In the U.S., wireless earphones & headphones market accounted for over 70% shipments in 2019. Tech-savvy consumers in the U.S. are increasingly embracing wireless headphones integrated with smart features such as noise cancellation and echo reduction. The rising uptake can also be credited to better comfort, convenience, and greater high-fidelity audio provided by wireless technology. Bluetooth, NFC, and IR connectivity in wireless earphones are expected to majorly contribute to the overall market revenue. The benefit of better compatibility with smart devices, flexibility, and extended connectivity range will drive the adoption of Bluetooth in wireless technology.
 

The manufacturers are developing wireless earphones with enhanced audio quality and long battery life. In January 2020, LG Electronics Inc. launched tone-free true wireless earbuds in the U.S. with features of premium design and Meridian audio technology, through its partnership with Meridian Audio, a manufacturer of audio components. The earphones reduce digital noise, minimize distortion, and deliver immersive listening experience with high, deep, and powerful sound. The advent of smart functions, such as gesture recognition and voice assistant, in headphones has increased the popularity of these devices among consumers.
 

Rise in consumer preferences toward online shopping in Europe

Europe Earphones & Headphones Market

Get more details on this report - Request Free Sample PDF
 

In Europe earphones & headphones market, online distribution channel segment will observe more than 8% CAGR through 2026. The benefits of versatility, flexibility, convenience, accessibility, easy price comparison & reviews, better pricing, and timesaving in selecting earphones & headphones have encouraged consumers to purchase these devices from e-commerce websites. The rise in people disposable income, increasing internet penetration, and rapid smartphone adoption have resulted in high popularity of online shopping across the globe.
 

E-commerce websites in Europe such as Allegro, C Discount, OTTO, Real.de, and Bol.com are offering a wide range of earphones & headphones of several leading brands, such as Apple Inc., Bose Corporation, and Plantronics, Inc., enhancing customer’s customized requirements. The e-commerce websites offer various discounts, gift boxes, and several payment options for buying products, attracting a large customer base.
 

Rise in adoption of earphones and headphones among fitness and sports enthusiasts

Increased focus on health and fitness among consumers is influencing the adoption of smart devices to track heart rate and analyze the calories burned during workouts. The wireless earphones enable fitness enthusiasts to monitor health vitals in real time. The market players are developing devices equipped with monitoring and fitness tracking features.
 

Rising demand for fashionable and trendy devices coupled with increasing popularity of gaming consoles among sports enthusiasts is driving the adoption of smart headphones. Consumers are increasingly embracing gaming headsets with stylish and comfortable designs available at affordable cost. For instance, in June 2020, JBL, a brand of Harman International, Inc., launched quantum gaming headsets with wired & wireless connectivity in India. The headphones feature 3.5 mm connectivity, active noise cancellation, and Bluetooth 5.0 connectivity.
 

Growing adoption of smartphones and music streaming platforms are driving Asia Pacific market growth

Asia Pacific Earphones & Headphones Market

Get more details on this report - Request Free Sample PDF
 

Asia Pacific accounted for over 40% earphones & headphones market shipments in 2019 and is predicted to expand at a over 7% from 2020 to 2026. The rise in disposable income of people coupled with declining prices of smartphones in developing countries, such as India, China, and Singapore, is augmenting industry growth. Consumption of online music streaming among millennials and improved internet infrastructure have increased the sales of earphones & headphones.
 

The prominent players in the region, such as Audio-Technica Corporation, LG Electronics Inc., Xiaomi Corporation, and Sony Corporation, are increasingly developing advanced earphones & headphones to commercialize them for large scale utilization. For instance, in June 2020, Sony Corporation announced its plan to launch low-cost sets of truly wireless earphones in India. The earphones are mainly designed for music enthusiasts with active noise cancellation technology and a battery life of 35 hours.
 

Major industry players are emphasizing on developing products with enhanced capabilities and features

Key companies operating in the earphones & headphones market are Sony Corporation, Skullcandy, Inc., Sennheiser Electronic, Plantronics, Inc., Motorola Solutions, Inc., LG Electronics Inc., Harman International Industries, Inc., Bose Corporation, Bang and Olufsen A/S, Bowers & Wilkins Group Ltd., Koninklijke Philips N.V, Audio-Technica Corporation, Apple, Inc., 3M, Alclair Audio, Grado Labs, JVC, Koss Corporation, Logitech International S.A., Monster, Inc., Panasonic Corporation, Pioneer Corporation, and Scosche Industries, Inc.
 

Industry players are focusing on offering a wide range of earphones & headphones to different levels of consumer groups. The high competition in the market is forcing players to introduce earphones & headphones integrated with innovative technologies for strengthening their position and increasing their market shares. For instance, in June 2020, Bang & Olufsen A/S announced the launch of Beoplay E8 true wireless earphones. The new headsets include a wireless charging case and Bluetooth 5.1 connectivity providing enhanced comfort, better call clarity, and more battery life to cater to the increasing consumer demand.
 

The earphones & headphones market research report include in-depth coverage of the industry with estimates & forecast in terms of shipments in units and revenue in USD from 2016 to 2026 for the following segments:

Market, By Product

  • Earphones
  • Headphones

Market, By Technology

  • Wired
  • Wireless

Market, By Application

  • Personal
  • Corporate

Market, By Distribution Channel

  • Online
  • Offline

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

 

Frequently Asked Questions (FAQ) :

The market size of earphones & headphones surpassed USD 80 billion in 2019.
The industry share of earphones & headphones is poised to grow at a CAGR of over 9% between 2020 and 2026.
According to the analysts at GMI, the global industry shipments are expected to reach 1 billion units by 2026.
Asia Pacific market accounted for over 40% shipments in 2019 and is predicted to expand at a over 7% from 2020 to 2026.
Key market players are Sony Corporation, Skullcandy, Inc., Sennheiser Electronic, Plantronics, Inc., Motorola Solutions, Inc., LG Electronics Inc., Harman International Industries, Inc., Bose Corporation, Bang and Olufsen A/S, Bowers & Wilkins Group Ltd., Koninklijke Philips N.V, Audio-Technica Corporation, Apple, Inc., 3M, Alclair Audio, Grado Labs, JVC, Koss Corporation, Logitech International S.A., Monster, Inc., Panasonic Corporation, Pioneer Corporation, and Scosche Industries, Inc.
Tech-savvy consumers in the U.S. are increasingly embracing wireless headphones integrated with smart features such as noise cancellation and echo reduction. The rising uptake can be credited to better comfort, convenience, and greater high-fidelity audio provided by wireless technology.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Premium Report Details

  • Published Date: Jun 2020
  • Pages: 250
  • Tables: 739
  • Charts / Figures: 34
  • Companies covered: 25
  • Countries covered: 15

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X