Earphones & Headphones Market worth over $25bn by 2024

Earphones & Headphones Market shipments are expected to register approx. 4% growth from 2017 to 2024, according to a new research report by Global Market Insights, Inc.
 

Advancements in wireless technologies such as Wi-Fi, Bluetooth, and Infrared (IR) are expected to drive the overall earphones & headphones market growth. Wireless technology development can be majorly credited to exclusion of headphone jacks from smartphones; the technology has become more affordable and is replacing the need for physical cabling. Manufacturers are now providing wireless headsets with high audio quality, which is expected to drive the market value.

 

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The industry growth can also be attributed to its rising demand for several applications including industrial, aviation and public safety. Surge in the sales of smart mobile devices has fueled the demand for Bluetooth enabled earphones and headphones, eventually boosting the market demand across the globe. Developments in the design & engineering to offer compact and light products along with declining earphone and headphone market price trend is propelling the industry growth.

A key challenge in the market is the availability of counterfeit products. Since a few years, several product replicas have given rise to competition for core giants and creating a dent in their market share. The presence of low-cost knockoffs also poses a threat for the market growth.
 

China earphones market

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Public safety applications in the market have witnessed high gains due to its growing adoption across ambulances, aircraft rescues, fire boats and firefighting departments. The systems used in the public safety applications are completely weatherproofed and can be used on some of the most progressive rescues and fire boats.
 

Browse key industry insights spread across 300 pages with 296 market data tables & 31 figures & charts from the report, “Earphones & Headphones Market Size By Technology (Wired, Wireless), By Application (Consumer, Call Center, Industrial, Aviation, Construction, Public Safety), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, China, Japan, India, South Korea, Mexico, Brazil, Saudi Arabia, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/earphone-and-headphone-market
 

In ambulances, the system allows hands-free communications for drivers and medics. It permits the medics to efficiently communicate over the dispatch radio by using footswitches while supporting the patients. The wired and wireless systems enable the crew to ensure continuous communications with mobile dispatchers.
 

Asia Pacific earphones and headphones market is anticipated to witness substantial growth during the next few years owing to growing usage of mobile devices and the expanding mobile device industry in densely populated countries such as China and India.
 

The growing demand for the products in the region has been witnessed from the business outsourced processing industry mainly in Philippines and India, which are the largest offshoring centers globally. The growing consumer disposable incomes in the region are also anticipated to act as an impetus in generating demand.
 

Some of the market participants are Apple, Inc., Bose Corporation, David Clark Inc., Harman International, Inc., JVC, Koninklijke Philips N.V., Sennheiser Electronic, Skullcandy, Inc., Sony Corporation, Grado Labs, Audio Technica Corporation, etc.
 

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