Global Earphone and Headphone Market to grow at 4.6% CAGR from 2016 to 2023: Global Market Insights Inc.
Industry Trends The research report “Earphones And Headphones Market Size By Technology (Wired, Wireless), By Product (In-Ear, Over-the-Ear), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, India, China, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, Earphone and Headphone Market share to exceed USD 18 billion by 2023. Product miniaturization due to changing consumer tastes and technological breakthroughs is predicted to drive profit in future. Enhanced level of compatibility with personal electronics like smartphones, music players and tablets is predicted to positively affect earphone & headphone use. Further, increasing amount of features like Wi-Fi, Bluetooth and Infrared in wireless products are projected to fuel industry growth.
Increased product growth and product differentiation have resulted in earphones& headphones market price trend. Rising incorporation of new features, tough competition, rise in purchasing capacity of consumers and superior branding activities are predicted to drive the industry growth. However, presence of big unorganized segment in APAC, particularly in nations like Taiwan, China, Indonesia and India can inhibit the industry growth substantially. Further, rising acceptance of counterfeit items owing to cost sensitivity is anticipated to hinder the earphones and headphones market expansion in future. Technology Trends The industry is segmented into two kinds of technologies that include wired technology and wireless technology. Wired ear phones and headphones segment size was evaluated at greater than $10.1 billion dollars for 2015 and is predicted to register CAGR of 4.7% during forecast timeframe.
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