Earphone and Headphone Market Competitive Insights and Precise Outlook 2020-2027

 

Earphone and Headphone Market

Headphones are a small pair of wearable loudspeakers worn on or around the user's head over their ears. In other words, they are electroacoustic transducers, which convert electric signals into sound. Headphones connect to a single audio amplifier source, such as a radio, cell phone, portable media player, CD player, video game console, or electronic musical instrument. It is either wired or wirelessly connected using Bluetooth, FM radio, or DECT. Wireless headphones and earphones are available in over-the-ear, behind-the-ear, in-ear, and other styles. It comes with Bluetooth and noise-cancelling headphones.

During the forecast period, increasing mobile device penetration is expected to drive growth in the Global Earphone and Headphone Market. Mobile device adoption, particularly of tablets and smartphones, has increased significantly in countries such as India, Indonesia, Brazil, and China. This trend is being driven by rising internet penetration and the popularity of online music mobile streaming in these countries. According to Coherent Market Insights' analysis, smartphone shipments worldwide increased from 1.1 billion units in 2013 to 1.2 billion units in 2014, with China shipping 45% of all smartphone units shipped in 2014. Furthermore, the rising trend of e-banking, mobile shopping, and BOYD is increasing adoption of smartphones and tablets, thereby driving market growth in the near future.

The Global Earphone And Headphone Market Was Valued At US$ 15,985.4 Mn In 2019 And Is Forecast To Reach A Value Of US$ 27,535.7 Mn By 2027 At A CAGR Of 7.0% Between 2020 And 2027.

Over the forecast period, the presence of a strong distribution network is expected to propel the global earphone and headphone market growth. Key market players rely on strong distribution channels, such as multi-brand distributors and retailers of headphones and earphones, to increase market presence and gain a competitive advantage. Online retailing is becoming the most popular distribution channel in emerging markets such as China, Indonesia, Brazil, and Russia, according to Coherent Market Insights research. In Asia, e-commerce sales increased by 36% in 2014, reaching US$ 615 billion, compared to 2013. As a result, these factors are expected to support the growth of the global earphone and headphone market over the forecast period.

During the forecast period, the rising threat of piracy and counterfeit products is expected to restrain growth in the Global Earphone And Headphone Market. Product piracy and counterfeiting pose a significant threat to market growth. The materials used in the manufacture of these earphones and headphones are of low quality and durability. However, because pirated products are sold at a fraction of the cost of original products, they are widely used in emerging economies such as India and China. As a result, the presence of counterfeit products is expected to restrain Global Earphone And Headphone Market growth during the forecast period.

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