Earphones and Headphones Market size forecast to exceed USD 18.2 billion by 2023

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Earphones and Headphones Market size predicted to
reach USD 18.2 billion by 2023 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Earphones and Headphones
Market

• Global shipments were 339.2 million units in
  2015, with volume forecast to grow at 3.9 CAGR
  and exceed 470 million units by 2023.
• Wired technology segment was valued at over USD
  10 billion in 2015 and is estimated to grow at
  4.6 CAGR from 2016 to 2023. Rising significance
  of portable media players and mobile phones will
  fuel growth.
• In-ear products were valued at over USD 7.7
  billion in 2015 and could witness huge growth
  owing to light weight and compact size.

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Continued...

• North America earphones and headphones market
  share was over 36 of the global revenue in 2015.
  Industry participants need to company with
  standards and norms set forth by The Director of
  Federal Register and OSHA, which are aimed at
  using accurate components for production.
• China headphones market is estimated to grow at
  5.6 CAGR from 2016 to 2023. Increasing adoption
  of these devices owing to possession of numerous
  devices per user has contributed to consumption.
• Key players operating in the industry are Beats
  (Apple), Sennheiser, Shure, and Bose. Industry
  participants focus on improvisation as well as
  new product development which are anticipated to
  be the favored growth strategy. Rising RD
  investments for improving product differentiation
  is likely to catapult industry growth.

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

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360 Analysis

• Technology Analysis
• Wired earphones and headphones market size was
  over USD 10 billion in 2015. The segment is
  forecast to grow at 4.6 CAGR from 2016 to 2023.
  Major technological advancements in wireless
  products will drive demand across the high
  fidelity headphones and earphones market. Noise
  cancellation technology or active noise control
  for an enhanced listening experience will prove
  favorable for growth.
• Regional Analysis
• U.S. earphones and headphones market size will
  grow at 4.8 CAGR to exceed USD 5 billion by
  2023. Manufacturers are expected to comply with
  the rules and standards passed by legal
  aouthorities such as OSHA and The Director of
  Federal Register pertaining to the use of
  appropriate components used in production.
• Competitive Market Share
• Companies accounting for earphones and headphones
  market share include Sennheiser Electronics,
  Beats Electronics (Apple), Bose Corporation,
  Shure, etc.

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