Smart Headphones Market Size and Overview
The global smart headphones market is booming, garnering rising revenues year by year. According to Market Research Future (MRFR), the global smart headphones market is projected to reach a valuation of 41.0 MN by 2026, growing at a massive CAGR of 72% approx. between 2020 and 2026.
The market is also predominantly driven by the growing unit sale of smartphones. The growing penetration of smart audio devices and advancements in technologies boost the growth of the market. Besides, the rise in disposable income provides impetus to the market growth leading to increased expenditure on high-end electronic products, majorly smartphones and wearable devices.
Wired/wireless earphones and headphones perfectly suit wearable and mobile applications, including smartphones, smartwatches, and portable audio devices. Therefore, smart headphones witness a wide uptake in smartphone and laptop users. Due to their cost-competitive and user-friendly features, these audio devices perceive an increasing demand worldwide.
Advances in audio technologies, such as noise cancellation and Bluetooth-enabled technologies, are key driving forces behind the smart headphones market growth. The increased integration of new technologies in headphones and the rising ownership of mobile phones, tablets, and mp3 players, drive the market significantly. Rise in numbers of professional gamers due to the proliferation of gaming technology boost the headphones market size.
Global Smart Headphones Market - Segmentation
The report is segmented into types, connectivity, distribution channels, and regions. The type segment is sub-segmented into in-ear, on-ear, and over-ear. The connectivity segment is sub-segmented into wired and wireless. The distribution channel segment is sub-segmented into online and offline. The region segment is sub-segmented into Asia Pacific, North America, Europe, and the Rest-of-the-World.
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Smart Headphones Market - Regional Analysis
North America dominates the global smart headphones market with the largest market share. Growing investment in the development of technologies and high demand by films, education system, and military for improved visual experience drive the market growth. Besides, RD investments to drive innovations foster the growth of the market in the region.
The high presence of global players impacts the market growth positively, invariably reinventing and rebranding their existing products to enhance the quality and innovation in design. The US holds a significant share in the smart headphones market in North America.
Global Smart Headphones Market - Competitive Analysis
Players operating in the global smart headphones market focus on optimized situational awareness for customers and ensure their mission success. The market appears to be highly competitive and diversified, with the presence of a large number of players having a global presence. To gain a larger competitive edge, these players heavily invest in RD, global expansion, advanced technologies, and product launches.
Major Players:
Players leading the global smart headphones market include Bose Corporation, Apple Inc., Bragi, Intel Corporation, Huawei, LG electronics inc., Sennheiser, Muzik, Sony Corporation, Skullcandy, Samsung Electronics, Streamz, and Koninklijke Philips N.V.