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The global active noise cancelling (ANC) headphones market is expected to reach over $9 billion by 2024NEW YORK, Aug. 14, 2019 /PRNewswire/ -- The global active noise cancelling (ANC) headphones market is expected to reach over $9 billion by 2024, growing at an impressive CAGR of around 14% during 2018–2024. Read the full report: https://www.reportlinker.com/p05806365/?utm_source=PRN The growing awareness toward hearing disorders, the transition to hearable in the connected environment, the increasing number of smartphone users and tech-savvy consumers, and the adoption of new audio technology are some of the prominent factors that are expected to drive the ANC headphones market. The traditional retail segment has faced strong competition from the online segment due to the growing internet penetration. Conventional speaker manufacturers and other electronic device vendors in the market are likely to increase the visibility of their devices in-store shelves across the world. The online segment of the market is witnessing high traction from the US and other European countries, particularly Germany and the UK. The retail segment accounted for the highest market revenue to the global ANC headphones market in 2018. Market Segmentation by Product Type • In-ear • On-ear • Over-ear Market Segmentation by Price Range • Premium • Moderate • Low Market Segmentation by Distribution Channel • Retail • Online ANC Headphones Market: Geography North America is leading the ANC headphones market. A high number of millennials with the growing inclination toward smartphones is positively affecting the market in the region. The European region is witnessing a surge in the use of true wireless and sports models. Several developed countries are adopting smart headphones with add-on functionalities such as active noise cancellation, augmented hearing, and higher control over ambient sounds. Emerging markets such as India, Nigeria, Kenya, and several other Asian countries have witnessed an unexpected growth in the demand for premium headphones, which can be attributed to the rising disposable income. Further, Latin America is witnessing the increasing popularity of online streaming services due to the increased number of smartphones and improved internet connectivity. Market Segmentation by Geography • APAC o China o Japan o South Korea o India o Australia • Europe o UK o Germany o France o Italy o Nordic o Spain • Latin America o Brazil o Mexico o Chile o Argentina • MEA o UAE o Maghreb (North Africa) o South Africa Key Vendor Analysis The increasing penetration of smartphones and connected mobile phones is driving the demand for active noise cancelling headphones worldwide. Vendors are incorporating several smart and intelligent features in their products, which is affecting the global sale of ANC headphones. There is a high demand for entry-level smart products in developing countries, which is currently fulfilled by local manufacturers. There is also significant demand for specialized, high-end, better sound quality active noise cancelling headphones, which is met by global brands such as Bose, Sony, Beats, JBL, AKG, and Sennheiser. The introduction of true wireless models is also a major trend witnessed in the ANC headphones market. Key Vendors • Bose • Samsung • Sony • Sennheiser Other Prominent Vendors • Apple • Asus • Audio-Technica • Bang & Olufsen • Beyerdynamic • Bluedio • Bower & Wilkins • CB3 Audio • Com • Cowin • Creative • Denon • Huawei • Jabra • Logitech • Monster • Motorola Mobility (Lenovo) • Nuheara • Parrot • Philips • Pioneer • Plantronics • Skullcandy • Sol Republic • Toshiba • Turtle Beach • Urbanista • Xiaomi • Zound Industries Key Market Insights The report provides the following insights into the ANC headphones market for the forecast period 2019–2024. • Offers market sizing and growth prospects of the ANC headphones market for the forecast period 2019–2024. • Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the ANC headphones market. • Includes a detailed analysis of market growth drivers, challenges, and investment opportunities. • Delivers a complete overview of market segments and the regional outlook of the market. • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the ANC headphones market. Read the full report: https://www.reportlinker.com/p05806365/?utm_source=PRN About Reportlinker __________________________
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