SAN FRANCISCO, Feb. 22, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled"Earphones and Headphones - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCEWhat's New for 2022?
Edition: 8;Released: February 2022Executive Pool: 603Companies: 266 - Players covered include Alclair Audio, Inc.; Apple, Inc.; Bose Corporation; Grado Labs; Harman International Industries, Incorporated; JVC Kenwood Corporation; Koninklijke Philips N.V.; Logitech International S.A.; Panasonic Corporation; Pioneer Corporation; Plantronics, Inc.; Sennheiser Electronic GmbH & Co. KG; Shenzen Cannice Technology Co. Ltd.; Shure Incorporated; Skullcandy, Inc.; Sony Corporation; Ultimate Ears, LLC; Zebronics India Pvt. Ltd. and Others.Coverage: All major geographies and key segmentsSegments: Product (Earphones, Headphones); Technology (Wireless, Wired); Application (Music & Entertainment, Fitness / Sports, Gaming, Virtual Reality, Other Applications)Geographies:World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Earphones and Headphones Market to Reach US$33.4 Billion by the Year 2026Earphones and headphones are sound accessories that are designed to receive audio signals to enable users to hear sound. Hearable devices are anticipated to gain prominence with ongoing advances to incorporate new features along with their compelling merits. Both earphones and headphones are currently available in wired or wireless options. Both also have active noise cancellation feature, previously exclusively available in over-ear closed-back headphones. Headphones and earphones have risen in popularity supported by availability of cheap smartphones, MP players, streaming technology, and computers and today are one among the top devices used to listen to music. Headphones and earphones boast enhanced filtering for sound quality and are poised to benefit from ongoing efforts to further improve hearing quality for users. Various companies are integrating better features and sensors to help these devices in measuring several parameters in real-time, like body temperature, heart rate, pulse oximetry, blood pressure, electro-encephalogram and ECG. These devices are expected to support biometric functions by using sound waves for acoustically identifying a person. On the other hand, sophisticated hearables can be seamlessly synchronized with smartphones or smart home devices. Ongoing developments associated with hearables are anticipated to enable live translation of different languages along with leading to layered listening for enhanced experience.
Amid the COVID-19 crisis, the global market for Earphones and Headphones estimated at US$23.6 Billion in the year 2022, is projected to reach a revised size of US$33.4 Billion by 2026, growing at a CAGR of 9.1% over the analysis period. Earphones, one of the segments analyzed in the report, is projected to grow at a 10.7% CAGR to reach US$22.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Headphones segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 43.8% share of the global Earphones and Headphones market. Earphones and headphones are the basic audio accessories for mobile communication devices and latest models of these accessories are much more efficient and effective than previous models, thanks to tech advancements and design improvements. Latest range of earphones and headphones incorporate versatile and unique features such as advanced Bluetooth functionality, sophisticated battery mechanism, wireless charging, Dolby Atmos sound output, and compact yet rugged designs, and are sought by almost every smartphone and tablet user, irrespective of background and demographic.
The U.S. Market is Estimated at $6.5 Billion in 2022, While China is Forecast to Reach $5.6 Billion by 2026The Earphones and Headphones market in the U.S. is estimated at US$6.5 Billion in the year 2022. The country currently accounts for a 27.9% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$5.6 Billion in the year 2026 trailing a CAGR of 10.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 8.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR while Rest of European market (as defined in the study) will reach US$2.5 Billion by the end of the analysis period.More
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