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The true wireless headphones market is expected to grow at a CAGR of over 17% during the period 2019-2025NEW YORK, May 12, 2020 /PRNewswire/ -- In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global True Wireless Headphones Market Report True wireless headphones are mainly sold through online channels and retail distribution channels such as specialty stores supermarkets and hypermarkets or mass-market players, and electronic stores. In 2019, online sales accounted for over 82% of the distribution model, with retail sales accounting for the rest. The online channel is the largest distribution channel. It is expected to grow further during the forecast period as smart and innovative earphones are being recognized and accepted as the ideal gift items among consumers in several geographies. Consumers are becoming aware of new and innovative products in the market. Moreover, the adoption of new technologies is increasing across demographics across the globe. Hence, the growth opportunities for headphones are increasing parallelly. Further, the impact of the corona pandemic has led to several vendors in both online and offline channels to slash their prices, and it is likely to continue until the global true wireless market revives. Market Segmentation by Features • Smart • Non-Smart Market Segmentation by Price Range • Premium • Moderate • Low Market Segmentation by Noise Attenuation • Noise Isolation • Noise Cancellation Market Segmentation by Distribution Channel • E-Commerce Sites • Vendor Stores & Sites • Mass-market Players • Specialty Stores • Online Music Stores • Electronic Stores • Others INSIGHTS BY GEOGRAPHY The trend of on-demand streaming is driving the sale of headphones in North America. With the growing number of smartphone users and the presence of high-speed internet connectivity, many consumers prefer streaming their favorite music, videos, and podcasts at any place and at any time. The rise in the number of music and video playback applications and the growing number of users that stream music during their daily chores are expected to drive the sales in the region. Europe is witnessing the adoption of premium, smart headphones at a higher rate. Consumers in Europe are showing an interest in the adoption of paid digital audio subscriptions. They are also actively engaging in fitness and sports activities. The trend to invest in music and fitness subscriptions, as well as in fitness gear, creates opportunities for higher sales. Moreover, the rise in smartphone users, coupled with high internet penetration, is driving the true wireless headphones market in Europe. The APAC true wireless headphones market is influenced by the increasing penetration of smartphones and rapid urbanization, which increases opportunities for online streaming of audio and video content on smartphones as well as other portable devices such as tablets. With the availability of budget smartphones, higher disposable income, and the increased buying power of the middle-class population, especially in China, South Korea, and India, the sales of smartphones have surged in recent years. This is expected to increase the addressable market for true wireless headphones as a more functional device to hear music while engaging in entertainment and fitness activities. Market Segmentation by Geography • North America o US o Canada • APAC o China o Japan o South Korea o India o Australia • Europe o UK o Germany o France o Italy o Benelux o Scandinavia o Russia o Switzerland o Nordic • Latin America o Brazil o Mexico o Argentina o Chile o Colombia o Peru • MEA o UAE o South Africa o Turkey KEY VENDOR ANALYSIS A temporary setback and decline in new unit sales are inevitable across major and emerging markets due to the outbreak of the Corona Pandemic. The major impact on the headphones market of the pandemic has been the disruption in component manufacturing and supply as well as the closure of assembly lines, which have hit the overall electronics market. The negative impact and decline in new sales are likely to affect the first half of 2020, with several markets starting to revive by June and July 2020. The market remains a little concentrated among top vendors, enjoying the majority of the revenue and a growing influx of small and mid-sized vendors worldwide, accounting for the remaining share. Variations in demand across the globe and a consistent need for technological enhancement in product offerings are forcing vendors to refine and modify their unique value propositions. Key Vendors • Apple • Sony • Samsung • Jabra Other Prominent Market • 1more • Avanca • Alpha Audiotronics • Anker • Arbily Tech • Audio Technica • Avanca • Bang & Olufsen • BBK Electronics • Blaupunkt • Boat • Bose • Cambridge Audio • Crazybaby • Creative • Earin • Gonoise • Huawei • Jam • JLab • Jaybird • JAYS • JVCKenwood • Lyertek • LG Electronics • Master & Dynamic • Meizu • Mobvoi • Motorola • Mymanu • Nokia • Nuheara • Pioneer • Plantronics • QCY • RHA • Rowkin • Sennheiser • Sol Republic • SoundMagic • SoundPeats • Trelab • Waverly Labs • Xiaomi Key Market Insights The report provides the following insights into the true wireless headphones market for the forecast period 2020–2025. • Offers sizing and growth prospects of the market for the forecast period 2019–2024 • Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market • Includes a detailed analysis of growth drivers, challenges, and investment opportunities • Delivers a complete overview of segments and the regional outlook of the market • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage Read the full report: https://www.reportlinker.com/p05758034/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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