Global True Wireless Headphones Market to Reach Values of $15 Billion During the Period 2018-2024 - Market Research by Arizton

CHICAGO, March 5, 2019 /PRNewswire/ -- Arizton's latest research report states that the global true wireless headphones market is estimated to generate revenues of approximately $15 billion by 2024, growing at a CAGR of more than 26% during the period 2018–2024. This market research report also offers market share analysis in terms of volume (million units) during the forecast period.

Key Highlights of Global True Wireless Headphones Market:

1. In 2018, true wireless headphones constitute of around 5% of the total global headphones market in terms of volume, which is expected to reach approximately 19% by 2024.
2. Market is concentrated with mobile phone giants such as Samsung, Apple, Sony, specialized sound specialists such as Bose, JBL, Jabra, and regional tech start-ups such as Nuheara, Waverly Labs.
3. The introduction of smart true wireless earbuds with augmented hearing capabilities that act as hearing aids will boost revenues in the global market.
4. Fitness and sports enthusiasts are investing in high-quality wireless earbuds that are compatible with portable devices in the global true wireless headphones market.
5. Battery and playback time are the most important criteria for consumers while purchasing a true wireless headphone. Voice will become the primary UI in these products.
6. The functionality to initiate and access virtual assistants enable true wireless headphones to use language translation skills of virtual assistants such a Siri, Alexa, and Google Translate to offer users with real-time language translation.
7. South and Southeast Asia will lead the adoptionof true wireless earbuds in the global market.

Key Offerings:

• Market Size & Forecast by Revenue | 2018-2024
• Market Size & Forecast by Unit (Volumes) | 2018-2024
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation –A detailed analysis by features, price range, channel, and geography.
• Competitive Landscape – Profile of 5 key vendos and 25 prominent players.

True Wireless Headphones Market – Segmentation

The market research report includes a detailed segmentation of the market by features, price range, channel, and geography.

• The smart devices segment dominated the total market share in 2018. Smart features are redefining the genre of wearables in the global market.
• Medium-pricedproducts ($50–99.99)are the fastest growing segment in the global market, growing at a CAGR of around 30% by 2024.

Market Segmentation by Features

• Smart
• Non-smart

Market Segmentation by Price Range

• Premium (Above $100)
• Medium ($50–99.99)
• Low (Below $50)

Market Segmentation by Distribution Channel

• Online
• Retail

True Wireless Headphones Market –Geography

The geographical segment in the global true wireless headphones market is categorized into APAC, Europe, North America, Latin America, and MEA. The low to medium price range products are finding high adoption in several APAC countries due to the presence of many vendors in East and Southeast Asia offering low-priced products.

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Market Segmentation by Geography

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Nordic
• APAC
• China
• South Korea
• Japan
• Australia
• India
• Latin America
• Brazil
• Mexico
• MEA
• UAE
• South Africa

Geographical Market Size & Forecast | 2018-2024

• Revenues
• Unit (Volumes)
• Features
• Price Range
• Key Countries

The major vendors in the global market are:

• Apple
• Sony
• Bragi
• Jabra
• Samsung

Other prominent vendors in the global true wireless headphones market include Huawei, Nuheara, Bose, Sennheiser, Jaybird, Vi Technologies (Alpha Audiotronics), Rowkin, Avanca, Bang &Olufsen, Crazybaby, Earin, Meizu, Motorola, Waverly Labs, Mymanu, Master & Dynamic, Audio-Technica, Nokia, Gonoise, RHA, Sol Republic, JVCKenwood, Onkyo& Pioneer, JAM, and Xiaomi.

Explore our Smart Tech to know more about the industry.

Read some of the top-selling reports:

• Earphones and Headphones Market - Global Outlook and Forecast 2019-2024
• Wireless Headphones Market - Global Outlook and Forecast 2019-2024
• Earbuds Market - Global Outlook and Forecast 2018-2023

About Arizton:

Arizton – Advisory and Intelligence is a premium and innovation-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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