Earphone and Headphone Market in China to grow at 5.6% CAGR from 2016 to 2023

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Earphones and Headphones Market to hit 18.2bn by
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Industry Trends

• Global Earphones and Headphones Market size was
  evaluated at 11.68 billion for 2015 and is
  predicted to surpass 18 billion by end of 2023
  registering CAGR of 4.6 during forecast
  timeframe. 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.

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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.
• Key technological breakthroughs in wireless items
  will promote the demand across high fidelity
  earphones and headphones segment. Active noise
  control technology for improved hearing
  experience is predicted to drive the segment
  growth.
• Dealers stress on developing methods to produce
  more technologically advanced equipments that
  fulfills customer requirements. All these factors
  can contribute towards industry expansion.

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

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Product Trends

• Global industry is segmented into earphones,
  headphones and sport headphones.
• Earphones segment share was evaluated at more
  than 70 of total size for 2015. The growth of
  this segment is credited to heavy customer demand
  for its utilization along with portable personal
  electronic equipments. Factors like increasing
  smartphones sales, rising disposable incomes and
  product replacement trends are projected to
  contribute towards the industry growth.
• Headphones segment is predicted to surpass 6
  billion by end of 2023. Sports headphones
  embedded with many features are predicted to gain
  large industry share during forecast timeframe.

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Regional Trends

• U.S. earphones and headphones market is predicted
  to register a CAGR of 4.8 and its size is
  predicted to cross 5.1 billion by end of 2023.
• Producers areanticipated toadhere to the rules,
  legislations and standards set by legal
  authorities like director of federal register and
  OSHA (Occupational Safety and Health
  Organization) related to use of exact components
  in production.
• China accounted a large portion of the APAC
  earphones and headphones industry share for 2015
  and is predicted to dominate the regional
  industry during forecast period.

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Competitive Trends

• Key industry players profiled in the report
  includes Shure Incorporated, Sony Corporation,
  Sennheiser Electronics, Panasonic Corporation,
  Bose Corporation, Apple Incorporation, Grado
  Labs, Aclair, JVC, Phillips, Pioneer Corporation,
  Skullcandy and Ultimate Ears.
• Current dealers are aiming to grow their
  distribution channels to sustain in global
  industry. Producers invest enormously in research
  development activities and highlight on
  creating new products that provide optimum
  product differentiation and technological
  innovation.

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