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 was valued at over USD 80 billion in 2019 and is expected to grow at a CAGR of more than 9% from 2020 to 2026. The global industry shipments will exceed 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.
 

Earphones & Headphones Market Overview

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The rise in adoption of smartphones, tablets, and laptops in developing countries is supporting the market growth. The increased acceptance 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.
 

The advent of technology, such as AR, 3D, and AI, is further propelling the 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 market expansion will witness a temporary slowdown in 2020. This can be attributed to the 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 industry growth. In addition, the pandemic has affected the production capabilities of the market leaders due to labor shortage and disruptions in supply chain.
 

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

The earphones shipments in the global market are predicted to register 7% growth rate through 2026impelled 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 participants are integrating advanced technologies, such as wireless charging, noise cancellation, Bluetooth 5.0, and Dolby Atmos, for enhancing the listening experience for consumers.
 

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

In the U.S., wireless earphones & headphones market dominated more than 70% of the industry shipments in 2019. In the U.S., tech-savvy consumers 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 poised to majorly contribute to the overall industry demand. The benefit of better compatibility with smart devices, flexibility, and extended connectivity range will foster 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

Earphones & Headphones Market Size

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In Europe, online distribution channel segment in the earphones & headphones market will expand at 8% CAGR by 2026. The benefits of versatility, flexibility, convenience, accessibility, easy price comparison & reviews, better pricing, and timesaving in selecting earphones and headphones have encouraged consumers to purchase these devices from e-commerce websites. The rise in people disposable income, increasing internet penetration, and rapid smartphone acceptance 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 and 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 usage of earphones and headphones among fitness and sports enthusiasts

Increased focus on health and fitness among consumers is fueling 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 stimulating the acceptance of smart headphones. Consumers are increasingly embracing gaming headsets with stylish and comfortable designs available at affordable cost.
 

Growing adoption of smartphones and music streaming platforms are boosting the growth for APAC region

Asia Pacific Earphones & Headphones Market

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Asia Pacific earphones & headphones market accounted for over 40% of industry shipments in 2019 and is predicted to grow at a 7% CAGR through 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 the industry revenue. Consumption of online music streaming among millennials and improved internet infrastructure have increased the sales of earphones and 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 and headphones to commercialize them for large scale utilization.
 

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

Key companies operating in the 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 leaders are focusing on offering a wide range of earphones and headphones to different levels of consumer groups. The high competition in the market is forcing participants to introduce earphones and headphones integrated with innovative technologies for strengthening their position and increasing their market shares.
 

The market research report on earphones & headphones 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.

Premium Report Details

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

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