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Earphones and Headphones - Global Market Trajectory & Analytics

  • ID: 5302827
  • Report
  • February 2022
  • Region: Global
  • 824 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • Bang and Olufsen A/S
  • Grado Labs Inc.
  • Koss Corporation
  • Panasonic Corporation
  • Scosche Industries, Inc.

Global Earphones and Headphones Market to Reach US$33.4 Billion by the Year 2026


Earphones and headphones are sound accessories that are designed to receive audio signals to enable users to hear sound. Hearable devices are anticipated to gain prominence with ongoing advances to incorporate new features along with their compelling merits. Both earphones and headphones are currently available in wired or wireless options. Both also have active noise cancellation feature, previously exclusively available in over-ear closed-back headphones. Headphones and earphones have risen in popularity supported by availability of cheap smartphones, MP players, streaming technology, and computers and today are one among the top devices used to listen to music. Headphones and earphones boast enhanced filtering for sound quality and are poised to benefit from ongoing efforts to further improve hearing quality for users. Various companies are integrating better features and sensors to help these devices in measuring several parameters in real-time, like body temperature, heart rate, pulse oximetry, blood pressure, electro-encephalogram and ECG. These devices are expected to support biometric functions by using sound waves for acoustically identifying a person.

Amid the COVID-19 crisis, the global market for Earphones and Headphones estimated at US$19.6 Billion in the year 2020, is projected to reach a revised size of US$33.4 Billion by 2026, growing at a CAGR of 9.1% over the analysis period. Earphones, one of the segments analyzed in the report, is projected to grow at a 10.7% CAGR to reach US$22.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Headphones segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 43.8% share of the global Earphones and Headphones market. Earphones and headphones are the basic audio accessories for mobile communication devices and latest models of these accessories are much more efficient and effective than previous models, thanks to tech advancements and design improvements. Latest range of earphones and headphones incorporate versatile and unique features such as advanced Bluetooth functionality, sophisticated battery mechanism, wireless charging, Dolby Atmos sound output, and compact yet rugged designs, and are sought by almost every smartphone and tablet user, irrespective of background and demographic.



The U.S. Market is Estimated at $6 Billion in 2021, While China is Forecast to Reach $5.6 Billion by 2026


The Earphones and Headphones market in the U.S. is estimated at US$6 Billion in the year 2021. The country currently accounts for a 27.9% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$5.6 Billion in the year 2026 trailing a CAGR of 10.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 8.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR while Rest of European market (as defined in the study) will reach US$2.5 Billion by the end of the analysis period.

Select Competitors (Total 266 Featured) -

  • 3M Company
  • Alclair Audio, Inc.
  • Apple Inc.
  • Audio-Technica Corporation
  • Bang and Olufsen A/S
  • Bose Corporation
  • Bowers & Wilkins Group Ltd.
  • Bragi GmbH
  • Grado Labs Inc.
  • Harman International Industries, Inc.
  • JABRA Corporation
  • JVCKENWOOD USA Corporation
  • Koninklijke Philips N.V
  • Koss Corporation
  • LG electronics Inc.
  • Logitech International S.A.
  • Motorola Solutions, Inc.,
  • Panasonic Corporation
  • Pioneer Corporation
  • Plantronics, Inc.
  • Samsung Electronics Co., Ltd.
  • Scosche Industries, Inc.
  • Sennheiser electronic GmbH & Co. KG
  • Shenzhen Cannice Technology Co., Ltd.
  • Shure Incorporated
  • Skullcandy, Inc.
  • Sony Corporation
  • V-MODA, LLC
  • Xiaomi Corporation
  • Yamaha Corporation
  • Zebronics India Pvt. Ltd.
  • Zound Industries International AB
Frequently Asked Questions about the Global Market for Earphones and Headphones

What is the estimated value of the Global Market for Earphones and Headphones?

The Global Market for Earphones and Headphones was estimated to be valued at $19.6 Billion in 2020.

What is the growth rate of the Global Market for Earphones and Headphones?

The growth rate of the Global Market for Earphones and Headphones is 9.3%, with an estimated value of $33.4 Billion by 2026.

What is the forecasted size of the Global Market for Earphones and Headphones?

The Global Market for Earphones and Headphones is estimated to be worth $33.4 Billion by 2026.

Who are the key companies in the Global Market for Earphones and Headphones?

Key companies in the Global Market for Earphones and Headphones include 3M Company, Alclair Audio, Inc., Apple Inc., Audio, Technica Corporation, Bang and Olufsen A/S, Bose Corporation, Bowers & Wilkins Group Ltd. and Grado Labs Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • Bang and Olufsen A/S
  • Grado Labs Inc.
  • Koss Corporation
  • Panasonic Corporation
  • Scosche Industries, Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Earphones and Headphones – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • The Age of Hearables is Here!
  • The Never-Ending “Race” Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
  • Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
  • Time is of Essence! What We Know So Far – “Vaccine Efficiency Against New Strains is Decreasing”
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
  • With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of December 2021
  • At the Dawn of 2022, We Leave Behind Millions of Deaths Due to New Strains & Once Again Stare at an Impending Catastrophe
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Vaccine Imbalances to Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of November 2021
  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
  • With IMF Making an Upward Revision of Global GDP for 2021, Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 & 2022 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Earphones & Headphones: Definition, Importance, Their Working & Benefits
  • Recent Market Activity
  • Innovations
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Music Streaming Makes Earphones & Headphones Indispensable Digital Accessories for Consumers
  • Rise in Music Streaming & Preference for Deeper, More Immersive, Personal & Emotional Music Listening Experience Drive Demand for Headphones and Earphones: Global Market for Music Streaming for Years 2020, 2022, 2024, 2026 and 2028
  • Robust Growth in Customer Care Operations & Parallel Rise in the Call Center Industry Drives Demand for Call Center Headphones
  • Roust Outlook for Call Centers Supported by the Ever-Important Focus on Customer Relations to Benefit Demand for Headphones to Ensure Employee Mobility & Productivity: Global Market for Call Centers (In US$ Billion) for Years 2020, 2022, 2024, 2026 and 2028
  • Headphones Are Critical for Successful Operations of a Call Center, Here’s Why
  • Smartphones as Indispensable Tools of Modern Digital Life Emerges as Major Demand Driver for Earphones & Headphones as a Must Have Accessory
  • Healthy Demand for Smartphones Creates a Parallel Market for Headphones & Earphones: Global Shipments of Smartphones (in Million Units) for 2020, 2021 & 2022
  • Growing Popularity of Podcasts & Podcasting Drives Demand for Headphones for Recording & Listening
  • Headphones can Save a Podcast & Make it More Effective & Immersive: Global Podcasting Market (In US$ Million) for Years 2020, 2022, 2024, and 2026
  • Noise Cancellation, the Biggest Innovation in the Earphones & Headphones Market
  • AI Powered Headphones Emerge to Revolutionize the Market
  • Trend Towards Using Headphones While Workouts Drives demand for Workout Headphones & Earbuds
  • Rise in Telemedicine Bodes Well for Adoption of Headphones & Earphones
  • High Quality Audio Rises in Importance as Telemedicine Gains Momentum, Driving Demand for Premium Headsets & Earphones: Global Telemedicine Opportunity (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Work From Home & Videoconferencing Trends Drive Adoption of Headphones and Earphones
  • Growing Use of Videoconferencing Amid the WFH Trend Drives Demand for Business-Grade Headsets: Global Opportunity for Web & Video Conferencing (In US$ Million) for Years 2020, 2022, 2024 & 2026
  • Living in Times of Persistent Disruption Means Millions Are Transitioned to Remote Working: WFH Employees as a % of the Total Workforce
  • Continuous Innovations Remains Crucial for Sustained Growth
  • Rise of VR & AR-Based Training Across Industry Verticals Increases Demand for Headphones for Truly Immersive Experience
  • Rise of Immersive Gaming Drives Demand for Gaming Headphones
  • Search for Immersive Gaming Experience in the Robustly Growing Gaming Industry to Drive Demand for Gaming Headphones: Global Opportunity for Video Games (In US$ Billion) for Years 2021, 2023, 2025 & 2027

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 266
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Company
  • Alclair Audio, Inc.
  • Apple Inc.
  • Audio-Technica Corporation
  • Bang and Olufsen A/S
  • Bose Corporation
  • Bowers & Wilkins Group Ltd.
  • Bragi GmbH
  • Grado Labs Inc.
  • Harman International Industries, Inc.
  • JABRA Corporation
  • JVCKENWOOD USA Corporation
  • Koninklijke Philips N.V
  • Koss Corporation
  • LG electronics Inc.
  • Logitech International S.A.
  • Motorola Solutions, Inc.
  • Panasonic Corporation
  • Pioneer Corporation
  • Plantronics, Inc.
  • Samsung Electronics Co., Ltd.
  • Scosche Industries, Inc.
  • Sennheiser electronic GmbH & Co. KG
  • Shenzhen Cannice Technology Co., Ltd.
  • Shure Incorporated
  • Skullcandy, Inc.
  • Sony Corporation
  • V-MODA, LLC
  • Xiaomi Corporation
  • Yamaha Corporation
  • Zebronics India Pvt. Ltd.
  • Zound Industries International AB
Note: Product cover images may vary from those shown