U.S. Earphone and Headphone Market to exceed USD 5 billion by 2023

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Earphone and Headphone Market share to grow at
4.6 CAGR from 2016 to 2023 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Overview

• The market 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 18.2 billion by 2023.
  Rising adoption of portable devices such as
  smartphones, mobiles, laptops, and tablets will
  prominently drive earphones and headphones market
  size over the coming six years.
• Growing consumer preference for mobiles, iphones,
  and portable audio players such as MP3 music
  players will accelerate earphone headphone
  market demand over the years to come. Flourishing
  Wi-Fi and Blue tooth sectors will further add
  towards the product demand in the near future.
  Rapidly expanding home audio equipment sector
  will contribute significantly towards earphone
  headphone market revenue over the coming six
  years. Product innovations along with successful
  execution of marketing and branding strategies
  executed by the major players will benefit the
  industry. High per capita income along with
  elevated economic growth across emerging
  economies is expected to create brighter growth
  prospects for market.

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Continued...

• In terms of technology, the industry is segmented
  into wireless and wired Earphone Headphones.
  Wired earphone headphone market, worth USD 10
  billion in 2015, is forecast to record an annual
  growth of 4.6 over 2016-2023. Technological
  innovations in wireless products to improve the
  hearing experience coupled with rising efforts to
  curb noise pollution will drive wireless earphone
  headphone industry revenue over the next few
  years.
• Earphones market, worth USD 7.7 billion in 2015,
  is expected to contribute significantly toward
  the overall industry growth over the next few
  years. Its light-weight, compact, and portable
  features are projected to accelerate the revenue.
  Headphones are expected to collect a revenue of
  over USD 6 billion by 2023, driven by growing
  vendor efforts to improve their distribution
  channel services. The demand of these products
  are highly dependent on the product
  differentiation and the cost parameters.
• Taking into consideration the regional trends,
  North America industry accounted for 36 of the
  global revenue in 2015, primarily driven by U.S.
  As per the report, U.S. earphone headphone
  market is projected to register a substantial
  growth rate of 4.8 over 2016-2023. Stringent
  legislations passed by OSHA (Occupational Safety
  and Health Administration) aimed at procurement
  of high quality parts for manufacturing of
  earphones and headphones will contribute
  significantly towards the regional revenue.

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Europe earphones and headphones market size, by
technology, 2012-2023 (USD Million)

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Continued...

• China earphone headphone industry, which
  contributed a major chunk of Asia Pacific
  earphone headphone market share in 2015, is
  expected to record a CAGR of 5.6 over 2016-2023.
  Strong economic development leading to rise in
  product demand will steer the regional growth.
• Earphone headphone industry may face growth
  challenges on account of the industry being
  highly fragmented and competitive. Moreover, the
  product substitution at a lower price may further
  hamper the industry trends in the years ahead.
  However, strategies adopted by the market players
  such as high RD investments, mergers
  acquisitions, improved customer services,
  technological inventions, and multiplying the
  distribution channels will fight back the growth
  restraints.
• Key industry participants include Ultimate Ears
  Company, Koninklijke Philips N.V., Sennheiser
  electronic GmbH Co. KG, Bose Corporation, Shure
  Incorporated, Beats Electronics Company, Grado
  Labs, Aclair Audio, Panasonic Corporation,
  Pioneer Corporation, Sony Corporation, and
  Skullcandy Incorporation.
• Purchase This Report by calling Global Market
  Insights, Inc. at 1-888-689-0688 (Toll Free) or
  1-302-846-7766.

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