Headphones Market to record USD 18.45 Bn incremental growth; Driven by increasing penetration of smart devices -- Technavio

NEW YORK, Oct. 13, 2022 /PRNewswire/ -- The "Headphones Market by Product, Technology, Type, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the headphones market between 2021 and 2026 is USD 18.45 billion. Technavio has considered various factors including the revenue generated by consumer electronics manufacturing companies manufacturing headphones, revenue generated by retailers offering headphones, the population at different income levels, disposable income, and GDP growth among others to estimate the size of the market. Understand the scope of the report. Download Free Sample Report Now

• Market Driver
• Market Challenges

The increasing penetration of smart devices is the key growth driver in the market. The adoption of smart devices among consumers is increasing in developing regions such as APAC, the Middle East, Africa, and South America. This can be attributed to factors such as strong economic growth, increasing literacy rate, and rising purchasing power of consumers. In addition, advances in cellular technologies such as 3G and 4G have increased the penetration of smartphones. All these factors will have a positive impact on the growth of the global headphones market during the forecast period.

 However, the high prices associated with wireless variants will challenge market growth. The growing consumer demand for additional features is increasing the price of headphones. Most of the vendors offer wireless headphones at a higher price, thus discouraging customers from purchasing them. The increasing costs of headphones are expected to impact the growth of the market negatively during the forecast period.

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The headphones market report is segmented by product (non-smart headphones and smart headphones), technology (wired headphones and wireless headphones), type (in-ear headphones, over-ear headphones, and on-ear headphones), and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

By product, the market observed maximum growth in the non-smart headphones segment in 2021. However, the demand for non-smart headphones is expected to decline over the forecast period owing to the increased demand for technologically advanced headphones, especially in mature markets like North America and Europe.

By Technology, the demand for wired headphones was significant in the market in 2021. The segment is driven by the increased adoption of wired headphones in developing regions such as APAC. Similarly, by type, the market will observe maximum growth in the in-ear headphones segment during the forecast period.

APAC will be the dominating region, occupying 34% of the global market share. The growing penetration of smartphones in countries such as China, India, Japan, and South Korea is the key factor driving the growth of the regional market. Also, the growing adoption of online games in developing countries, such as India, and the regional expansion of vendors are driving the growth of the headphones market in APAC.

View Our Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.

• Apple Inc.: The company offers airpod 3rd generation which is water resistant and has longer battery life and can withstand up to six hours.
• Audio Technica US Inc.: The company offers ATH M20 X BT wireless over-ear headphones featuring powerful 40 mm drivers for enhanced low-frequency performance, designed with blue tooth wireless technology, and have 60-hour battery life after one time full charging.
• Bose Corp.: The company offers Quiet comfort 45 model headphone that comes with lightweight comfort and reliable Bluetooth connectivity.
• JVCKENWOOD Corp.: The company offers HA SZ 1000 headphone which comes with a specially tuned 30 mm driver unit with a carbon nanotube diaphragm that can achieve high-resolution mid-high sound.
• LG Electronics Inc.: The company offers FP5 active noise canceling true wireless Bluetooth earbuds which detect external noise and cancel out unwanted noise when the ANC function is on along with amplifying the vocals even in a crowded space.
• AIAIAI Audio
• beyerdynamic GmbH and Co. KG
• Bluei Store Pvt. Ltd.
• BRAGI GmbH
• Creative Technology Ltd.
• GN Store Nord AS
• Grado Labs Inc.
• Logitech International SA
• Monster Inc.
• Northbaze Distribution AB
• Panasonic Corp.
• Samsung Electronics Co. Ltd.
• Sennheiser Electronic GmbH and Co. KG
• Shure Inc.
• Skullcandy Inc.
• Sony Group Corp.

• Earphone and Headphone Market by Type and Geography - Forecast and Analysis 2022-2026
• Wireless Headphones Market by Type and Geography - Forecast and Analysis 2022-2026

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 08: Executive Summary – Chart on Incremental Growth
• Exhibit 09: Executive Summary – Data Table on Incremental Growth
• Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 11: Parent market
• Exhibit 12: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 13: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 14: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 15: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 17: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 18: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 19: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 20: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 21: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 22: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 23: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 24: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 25: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 26: Chart on Product - Market share 2021-2026 (%)
• Exhibit 27: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 28: Chart on Comparison by Product
• Exhibit 29: Data Table on Comparison by Product

• 5.3 Non-smart headphones - Market size and forecast 2021-2026
• Exhibit 30: Chart on Non-smart headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Data Table on Non-smart headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Chart on Non-smart headphones - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Non-smart headphones - Year-over-year growth 2021-2026 (%)

• 5.4 Smart headphones - Market size and forecast 2021-2026
• Exhibit 34: Chart on Smart headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Data Table on Smart headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 36: Chart on Smart headphones - Year-over-year growth 2021-2026 (%)
• Exhibit 37: Data Table on Smart headphones - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 38: Market opportunity by Product ($ million)

6 Market Segmentation by Technology

• 6.1 Market segments 
• Exhibit 39: Chart on Technology - Market share 2021-2026 (%)
• Exhibit 40: Data Table on Technology - Market share 2021-2026 (%)

• 6.2 Comparison by Technology 
• Exhibit 41: Chart on Comparison by Technology
• Exhibit 42: Data Table on Comparison by Technology

• 6.3 Wired headphones - Market size and forecast 2021-2026
• Exhibit 43: Chart on Wired headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Data Table on Wired headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Chart on Wired headphones - Year-over-year growth 2021-2026 (%)
• Exhibit 46: Data Table on Wired headphones - Year-over-year growth 2021-2026 (%)

• 6.4 Wireless headphones - Market size and forecast 2021-2026
• Exhibit 47: Chart on Wireless headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Data Table on Wireless headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Chart on Wireless headphones - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Data Table on Wireless headphones - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Technology 
• Exhibit 51: Market opportunity by Technology ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 52: Chart on Type - Market share 2021-2026 (%)
• Exhibit 53: Data Table on Type - Market share 2021-2026 (%)

• 7.2 Comparison by Type 
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 In-ear headphones - Market size and forecast 2021-2026
• Exhibit 56: Chart on In-ear headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 57: Data Table on In-ear headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 58: Chart on In-ear headphones - Year-over-year growth 2021-2026 (%)
• Exhibit 59: Data Table on In-ear headphones - Year-over-year growth 2021-2026 (%)

• 7.4 Over-ear headphones - Market size and forecast 2021-2026
• Exhibit 60: Chart on Over-ear headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on Over-ear headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on Over-ear headphones - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on Over-ear headphones - Year-over-year growth 2021-2026 (%)

• 7.5 On-ear headphones - Market size and forecast 2021-2026
• Exhibit 64: Chart on On-ear headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on On-ear headphones - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on On-ear headphones - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on On-ear headphones - Year-over-year growth 2021-2026 (%)

• 7.6 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 70: Chart on Market share by geography 2021-2026 (%)
• Exhibit 71: Data Table on Market share by geography 2021-2026 (%)

• 9.2 Geographic comparison 
• Exhibit 72: Chart on Geographic comparison
• Exhibit 73: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2021-2026
• Exhibit 74: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 9.4 Europe - Market size and forecast 2021-2026
• Exhibit 78: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 9.5 APAC - Market size and forecast 2021-2026
• Exhibit 82: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 9.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 9.7 South America - Market size and forecast 2021-2026
• Exhibit 90: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 9.8 US - Market size and forecast 2021-2026
• Exhibit 94: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 95: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 96: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 97: Data Table on US - Year-over-year growth 2021-2026 (%)

• 9.9 China - Market size and forecast 2021-2026
• Exhibit 98: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 99: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 100: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 101: Data Table on China - Year-over-year growth 2021-2026 (%)

• 9.10 Germany - Market size and forecast 2021-2026
• Exhibit 102: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 103: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 104: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 105: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 9.11 UK - Market size and forecast 2021-2026
• Exhibit 106: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 107: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 108: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 109: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 9.12 Japan - Market size and forecast 2021-2026
• Exhibit 110: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 111: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 112: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 113: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 9.13 Market opportunity by geography 
• Exhibit 114: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 115: Impact of drivers and challenges in 2021 and 2026

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 116: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 117: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 118: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 119: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 120: Matrix on vendor position and classification

• 12.3 Apple Inc. 
• Exhibit 121: Apple Inc. - Overview
• Exhibit 122: Apple Inc. - Business segments
• Exhibit 123: Apple Inc. - Key news
• Exhibit 124: Apple Inc. - Key offerings
• Exhibit 125: Apple Inc. - Segment focus

• 12.4 Audio Technica US Inc. 
• Exhibit 126: Audio Technica US Inc. - Overview
• Exhibit 127: Audio Technica US Inc. - Product / Service
• Exhibit 128: Audio Technica US Inc. - Key offerings

• 12.5 Bose Corp. 
• Exhibit 129: Bose Corp. - Overview
• Exhibit 130: Bose Corp. - Product / Service
• Exhibit 131: Bose Corp. - Key news
• Exhibit 132: Bose Corp. - Key offerings

• 12.6 JVCKENWOOD Corp. 
• Exhibit 133: JVCKENWOOD Corp. - Overview
• Exhibit 134: JVCKENWOOD Corp. - Business segments
• Exhibit 135: JVCKENWOOD Corp. - Key news
• Exhibit 136: JVCKENWOOD Corp. - Key offerings
• Exhibit 137: JVCKENWOOD Corp. - Segment focus

• 12.7 LG Electronics Inc. 
• Exhibit 138: LG Electronics Inc. - Overview
• Exhibit 139: LG Electronics Inc. - Business segments
• Exhibit 140: LG Electronics Inc. - Key news
• Exhibit 141: LG Electronics Inc. - Key offerings
• Exhibit 142: LG Electronics Inc. - Segment focus

• 12.8 Panasonic Corp. 
• Exhibit 143: Panasonic Corp. - Overview
• Exhibit 144: Panasonic Corp. - Business segments
• Exhibit 145: Panasonic Corp. - Key news
• Exhibit 146: Panasonic Corp. - Key offerings
• Exhibit 147: Panasonic Corp. - Segment focus

• 12.9 Samsung Electronics Co. Ltd. 
• Exhibit 148: Samsung Electronics Co. Ltd. - Overview
• Exhibit 149: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 150: Samsung Electronics Co. Ltd. - Key news
• Exhibit 151: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 152: Samsung Electronics Co. Ltd. - Segment focus

• 12.10 Sennheiser Electronic GmbH and Co. KG
• Exhibit 153: Sennheiser Electronic GmbH and Co. KG - Overview
• Exhibit 154: Sennheiser Electronic GmbH and Co. KG - Business segments
• Exhibit 155: Sennheiser Electronic GmbH and Co. KG - Key news
• Exhibit 156: Sennheiser Electronic GmbH and Co. KG - Key offerings
• Exhibit 157: Sennheiser Electronic GmbH and Co. KG - Segment focus

• 12.11 Skullcandy Inc. 
• Exhibit 158: Skullcandy Inc. - Overview
• Exhibit 159: Skullcandy Inc. - Product / Service
• Exhibit 160: Skullcandy Inc. - Key offerings

• 12.12 Sony Group Corp. 
• Exhibit 161: Sony Group Corp. - Overview
• Exhibit 162: Sony Group Corp. - Business segments
• Exhibit 163: Sony Group Corp. - Key news
• Exhibit 164: Sony Group Corp. - Key offerings
• Exhibit 165: Sony Group Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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