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The global earphones and headphones market is expected to grow at a CAGR of 7.31% during 2017-2023LONDON, Jan. 22, 2018 /PRNewswire/ -- This market research report provides the market size and detail segmentation analysis of the global earphones and headphones market by Type (In-ear, On-ear, Over-ear) by Technology (Wired Headphones, Wireless Headphones) by Features (Smart Headphones, Non-smart Headphones) by Geography (North America, APAC, Europe, MEA, Latin America) Earphones and Headphones Market: Segmental Analysis Innovators and early adopters to facilitate market growth Currently, the wired headphones segment leads the global market with 59% share compared to 41% by the wireless technology segment. This is, however, expected to change over the next few years, making the wireless segment the pre-dominant market segment. The smart and non-smart earphones segments are expected to follow a similar trend to the wired and wireless segments. Currently, the non-smart segment, which is leading the market, is expected to lose its market share to the smart devices segment over the next few years. Analysts at Arizton also anticipate innovators and early adopters, who are highly social, tech-savvy, affluent, young, and close to new scientific inventions to be the largest consumers of the technologically advanced and multi-faceted wireless headphones in the future Another segment of potential users is the people who use them while running or doing workout to keep themselves boosted and energized. The rise in the health conscious and fitness-aware population and the increased number of gym goers are also expected to aid the growth of the market globally. Earphones and Headphones Market: Geographical Analysis Latin American market to witness growth at a rate faster than other markets in terms of shipment In terms of volume (shipment) and value (revenue), the European market is strongly influenced by the popularity of music in Western Europe and Scandinavian countries. The penetration of smart headsets is high in these countries as they are technologically advanced. The second largest market, in terms of volume (shipment) and value (revenue), is the North American market that is heavily influenced by technology adoption in the US. The APAC market is driven by high population and increased disposable income of the middle-class population, which is prominent in developing countries in the region. Developed countries such as Japan and South Korea are considered as innovators in the market. The MEA market is witnessing a surge, and the demand for earphones and headphones that are noise cancelling specific are expected to significantly rise among audiophiles who are increasing in the region in the future. The Latin America market is expected to grow more quickly than the overall global earphones and headphones market in terms of shipment, which is closely linked to device adoption growth. Rising demand for technologically advanced and sophisticated earphones & headphones is likely to push the growth in the earphones and headphones market worldwide. The global earphones & headphones market size is expected to cross $20 billion by 2023, growing at an impressive CAGR of 7.31% over 2017-2023. Report Timeline • Base Year: 2017 • Forecast Year: 2018–2023 The major manufacturers included in the report are as follows: • Beats Electronics • Bose • Sennheiser • Sony • Skullcandy Other prominent manufacturers include AIAIAI, AKG Acoustics, Apple, Audio-Technica Corp., Beyerdynamic, Creative Technology., Denon, Grado Labs, The House of Marley, Jays AB, JBL, JVCKenwood, Logitech International, Molami, Monster Cable Products, Panasonic, Parrot, Pioneer, Shure Incorporated, SMS Audio, Sol Republic, Urbanears, and Westone Laboratories. Scope of the Report The report considers the present scenario of the earphones and headphones market and its dynamics for the period 2018?2023. It covers a detailed overview of various market growth enablers, restraints and trends. It covers both the demand and supply sides of the market. The report also profiles and analyzes the leading companies and other prominent companies operating in the market. This report provides the details of the market size from the following segments: 1. Revenue 2. Shipment This market research report includes a detailed market segmentation of the market by the following segments: Type • In-ear • On-ear • Over-ear Technology • Wired Headphones • Wireless Headphones Features • Smart • Non-smart Geography • North America • APAC • Europe • MEA • Latin America Country • China • US • UK Download the full report: https://www.reportbuyer.com/product/5289128 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-global-earphones-and-headphones-market-is-expected-to-grow-at-a-cagr-of-731-during-20172023-300585974.html SOURCE ReportBuyer |