Global Headphones Market 2018-2022
Headphones or earphones are mobile accessories that are used to enhance the audio experience of a user. They comprise a pair of earphones that are placed over the head with the help of a band.
Technavio’s analysts forecast the global headphones market to grow at a CAGR of 6.56% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global headphones market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Headphones Market 2018-2022
Technavio recognizes the following companies as the key players in the global headphones market: Apple, Bose, Samsung Electronics, Sennheiser electronic, Skullcandy, and SONY.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is product miniaturization. The trend of product miniaturization will drive the growth of the market till the end of the forecast period. Supported by the technological advances in the nanochip technology that resulted in the development of wireless headphones, the size of headphones will decrease further to enable the headphones to fit perfectly in the human ear.”
According to the report, one driver in the market is increased sale of mobile devices. The increased sale of mobile devices to be one of the primary growth factors for the headphones market. The increasing sale of smartphones and tablets is driving the growth of the headphones market. Also, these devices are equipped with consumer-grade headphones.
Further, the report states that one challenge in the market is increased product price. The increase in cost associated with premium headphones lead to a decrease in the adoption of such products, especially in developing regions that are characterized by reduced purchasing power. Increased implementation and acquisition costs bome by the existing vendors in the market.
Apple, Bose, Samsung Electronics, Sennheiser electronic, Skullcandy, and SONY.
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