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Earphones and Headphones - Global Strategic Business Report

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    Report

  • 824 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302827

Global Earphones and Headphones Market to Reach $48 Billion by 2030

The global market for Earphones and Headphones estimated at US$23.6 Billion in the year 2022, is projected to reach a revised size of US$48 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2022-2030. Earphones, one of the segments analyzed in the report, is projected to record 10.7% CAGR and reach US$31.1 Billion by the end of the analysis period. Growth in the Headphones segment is estimated at 7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 10.9% CAGR

The Earphones and Headphones market in the U.S. is estimated at US$6.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.5 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 8.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.

Select Competitors (Total 266 Featured)

  • 3M Company
  • Amazon.com, Inc.
  • AIWA
  • Ambrane India Pvt., Ltd.
  • Antonio International Ltd.
  • Anker Technology (UK) Ltd.
  • Allen & Heath Limited
  • Amkette
  • AIAIAI ApS
  • AcousticSheep LLC
  • 1More
  • Abyss Headphones
  • A One
  • ActivMotion
  • ambie corporation

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Earphones and Headphones Market

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

The Earphones and Headphones Market was estimated to be valued at $23.6 Billion in 2022.

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

The growth rate of the Earphones and Headphones Market is 9.3%, with an estimated value of $48 Billion by 2030.

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

The Earphones and Headphones Market is estimated to be worth $48 Billion by 2030.

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

Key companies in the Earphones and Headphones Market include 3M Company, Amazon.com, Inc., AIWA, Ambrane India Pvt., Ltd., Antonio International Ltd., Anker Technology (UK) Ltd., Allen & Heath Limited, Amkette, AIAIAI ApS and AcousticSheep LLC.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Earphones and Headphones - Global Key Competitors Percentage Market Share in 2022 (E)
  • Earphones and Headphones Competitor Market Share Scenario Worldwide (in %): 2020E
  • 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
  • TABLE 1: World Recent Past, Current & Future Analysis for Earphones and Headphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Earphones and Headphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Earphones and Headphones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Earphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Earphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Earphones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Headphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Headphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Headphones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Wireless by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Wireless by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Wireless by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Wired by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Wired by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Wired by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Music & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Music & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Music & Entertainment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Fitness / Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Fitness / Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Fitness / Sports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Gaming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Gaming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Gaming by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Virtual Reality by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Virtual Reality by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 27: World 16-Year Perspective for Virtual Reality by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 30: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 31: World Earphones and Headphones Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Market Facts & Figures
  • US Earphones and Headphones Market Share (in %) by Company: 2020 & 2027
  • Earphones (Product) Market Share Analysis (in %) of Leading Players in the US for 2020 & 2027
  • Headphones (Product) Competitor Revenue Share (in %) in the US: 2020 & 2027
  • Wireless (Technology) Market Share Breakdown (in %) of Major Players in the US: 2020 & 2027
  • Wired (Technology) Market in the US: Percentage Breakdown of Revenues by Company for 2020 & 2027
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Market Analytics
  • CANADA
  • JAPAN
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Market Facts & Figures
  • European Earphones and Headphones Market: Competitor Market Share Scenario (in %) for 2020 & 2027
  • Earphones (Product) Market Share (in %) by Company in Europe: 2020 & 2027
  • Headphones (Product) Market Share (in %) of Major Players in Europe: 2020 & 2027
  • Wireless (Technology) Competitor Market Share Analysis (in %) in Europe: 2020 & 2027
  • Wired (Technology) Market in Europe: Competitor Revenue Share Shift (in %) for 2020 & 2027
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Market Analytics
  • FRANCE
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Earphones and Headphones Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (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 2023 (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 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Amazon.com, Inc.
  • AIWA
  • Ambrane India Pvt., Ltd.
  • Antonio International Ltd.
  • Anker Technology (UK) Ltd.
  • Allen & Heath Limited
  • Amkette
  • AIAIAI ApS
  • AcousticSheep LLC
  • 1More
  • Abyss Headphones
  • A One
  • ActivMotion
  • ambie corporation