The earphone and headphone market size is set to grow by USD 20,720.41 million between 2022 and 2027 and register a CAGR of 9.84%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
Factors such as technological advancements for product enrichment, the increased use of earphones and headphones in gaming and AR-VR applications, and the increasing adoption of sports and fitness earphones and headphones will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The earphone and headphone market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Earphone and Headphone Market 2023-2027: Segmentation
The earphone and headphone market is segmented as follows:
- Type
- In-ear
- On-ear
- Over-ear
- Technology
- Wired
- Wireless
- TWS
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
The in-ear segment will be significant for market growth during the forecast period. Earphones and headphones are electronic audio gadgets, which serve the purpose of enhancing the listening experience of the users. They come in wired and wireless options and connect to the source signal. The global market has been segmented based on type into in-ear, on-ear, and over-ear earphones and headphones. Furthermore, the in-ear earphones and headphones segment can be further divided into two types, namely, wired and wireless earphones. Also, the IPX rating is a safety rating that rates earphones and headphones on the basis of the extent of protection offered by these devices against various environmental conditions such as dust and rain. Hence, such factors boost the segment growth during the forecast period.
Learn more about the factors assisting the growth of the market, download a sample report!
Earphone and Headphone Market 2023-2027: Vendor Analysis and Scope
To help businesses improve their market position, the earphone and headphone market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Alclair Audio Inc., Apple Inc., Bose Corp., Bowers and Wilkins, GN Store Nord AS, Grado Labs Inc., JVCKENWOOD Corp., Koninklijke Philips NV, Logitech International SA, Panasonic Holdings Corp., Pioneer India Electronics Pvt. Ltd., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skullcandy Inc., Sony Group Corp., Xiaomi Inc, and Zound Industries International AB.
Vendor Offerings
- Alclair Audio Inc.: The company offers earphones and headphones such as hunting protection earphones, motorcycle earbuds, and wired earphones.
- Apple Inc.: The company offers Airpods Pro second generation, Airpods Max, Mini homepad earphones, and wired earpods.
- Bose Corp.: The company offers earphones and headphones such as noise-cancelling earphones, wireless earphones, sport earphones, aviation headsets, and earbuds.
Earphone and Headphone Market 2023-2027: Market Dynamics
Major Driver –
Technological advancements for product enrichment drive the growth of the market. Vendors are continually focusing on developing innovative and technologically advanced products. The market players are focusing on implementing AI to provide a unique and personalized audio experience to users. Vendors are also attempting to reduce the size and weight of earbuds and headsets to provide greater sound quality through intensive innovation. The demand for these products is high, owing to which many new product launches can be witnessed in the market during the forecast period.
Major Trend –
The growing demand for IPX-certified devices is the key trend in the market. Several vendors in the market are introducing new products that are sweat-proof and water-resistant, with the ear padding removable and washable in a few models. They are manufacturing their products with a certain ingress protection (IPX) rating in mind, which is a safety rating to offer protection against dust and water. An IPX1-rated device is resistant to water droplets and can be dripped in water for 10 minutes. The level of protection ranges from the number zero to nine and increases, with the highest level being IPX9, which offers protection against the spray of water from a high-pressure nozzle. Similarly, in the case of dust, the rating ranges from IP0X to IP6X, with IP6X being the highest. In some cases, the product may be resistant to both dust and water.
Major Challenges –
The high prices associated with wireless variants challenge the market. The growing consumer appetite for additional features is increasing the price of wireless headphones. Also, the popularity of sports and fitness wireless headphones is growing, and they are generally offered at high prices. The global wireless headphones market is in its growth stage. Most of the vendors offer wireless headphones at a high price. The high-priced premium wireless headphones are expected to discourage consumers from adopting such products in developing countries. Thus, the increased costs associated with wireless headphones are expected to impact market growth negatively.
Earphone and Headphone Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist earphone and headphone market growth during the next five years
- Estimation of the earphone and headphone market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the earphone and headphone market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of earphone and headphone market vendors
The wireless headphones market size is estimated to grow at a CAGR of 19.11% between 2022 and 2027. The market size is forecast to increase by USD 22,042.99 million. This wireless headphones market report extensively covers market segmentation by application (music and entertainment, gaming, fitness, and virtual reality), product type (on-ear wireless headphones, in-ear wireless headphones, and over-ear wireless headphones), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The improved wireless connectivity is the key factor driving the growth of the wireless headphones market.
The headphones market size is expected to increase by USD 30.2 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.12%. Furthermore, this report extensively covers the headphones market segmentation by product (non-smart headphones and smart headphones), technology (wired headphones and wireless headphones), type (in-ear headphones, over-ear headphones, and on-ear headphones), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The increasing penetration of smart devices is one of the key factors driving the headphones market growth.
