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Global Earphones and Headphones Market Report 2023: Sector is Expected to Reach $108.4 Billion in 2027 at a CAGR of 14.7%
[April 18, 2023]

Global Earphones and Headphones Market Report 2023: Sector is Expected to Reach $108.4 Billion in 2027 at a CAGR of 14.7%


DUBLIN, April 18, 2023 /PRNewswire/ -- The "Global Earphones And Headphones Market Forecast to 2027" report has been added to  ResearchAndMarkets.com's offering.

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The global Earphones and Headphones market was valued at USD 32.40 billion in 2021 and is expected to expand to USD 108.40 billion in 2027 at a CAGR of 14.70% during the forecast period 2022- 2027.

Companies Mentioned

  • Apple Inc
  • Sennheiser Electronics GmbH & Co. KG
  • Skullcandy.com
  • Harman International Industries
  • Sony Corporation
  • Bose Corporation
  • Plantronics Inc
  • Motorola Solutions Inc
  • LG Electronics Inc.
  • Bang
  • Olufsen A/S

Earphones and headphones are electronic audio devices designed to improve listening quality through the use of active noise cancellation. These are a pair of small loudspeakers & broadly accepted in the music and entertainment industry.

Market Drivers

One of the key factors that drive the Global Earphones and Headphones Market is the speedily shifting demand of consumers over the enhanced listening experience. Also, the introduction of notch-less smart phones and technological advancements such active noise cancellation techniques are some major reasons that fuel the market's expansion. Additionally, the flow of technical breakthroughs and the simple acceptace and usage of smart gadgets propel market growth.




Market Restraints

The growing complexity of Earphones and Headphones and the drop in global commodity prices are a few factors that hinder the growth of the Earphones And Headphones market.


Additionally, the presence of a large number of counterfeit products at a lower price is hampering the market growth.

Market Segmentation

The global Earphones and Headphones market is segmented on the basis of Type, Application, and region. On the basis of type, it is segmented into Wireless, and Wired. By Application such as Virtual Reality, Music & Entertainment, Gaming, and Fitness/Sports.

Regional Analysis

On the basis of region, Asia Pacific dominates the market due to their acceptance among the consumers in the region and is likely to continue the trend in the forecast period. Also, speedy urbanization and industrialization with an augmented investment towards smart & efficient technology and bigger per capita income, with most contributions coming from India, China, and Japan.

North America holds the second largest share in the global market because of the current well-established market and the high-tech penetration of these regions Demand for ergonomically designed earphones and headphones raises quickly and is anticipated to continue throughout the forecast period, in the United States and Canada.

Market Taxonomy

By Type

  • Wireless
  • Wired

By Application

  • Virtual Reality
  • Music & Entertainment
  • Gaming
  • Fitness/Sports

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/croumd

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SOURCE Research and Markets


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