Smart Headphones Global Market Report 2024

The smart headphones market size has grown exponentially in recent years. It will grow from $10.94 billion in 2023 to $13.27 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The expansion in the historical period can be attributed to the demand for wireless connectivity, the integration of AI assistants, the rise of wearable technology, customizable listening experiences, and the emphasis on fitness and health tracking.

The smart headphones market size is expected to see exponential growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The expansion in the projected timeframe can be linked to advancements in biometric sensing, integration with augmented reality (AR), a focus on sustainable materials, enhanced battery life, and charging solutions, as well as applications in remote work and learning. Key trends anticipated in the forecast period encompass a focus on fitness and wellness integration, innovations in wireless connectivity, the emphasis on sustainability and eco-friendly materials, integration of augmented reality (AR) and virtual reality (VR), and the implementation of gesture and touch controls.

The smart headphones market is poised for growth due to the rising penetration of smart devices. Smart devices, capable of sharing, connecting, and interacting with other devices and users, have seen increased adoption. In March 2022, around 87% of adults owned smartphones, and the global smartphone penetration rate was 78.9%, with the UK ranking second. The increasing penetration of smart devices, including smartphones, tablets, laptops, and smart TVs, will drive the demand for accessories such as smart headphones.

The growing health and fitness industry is projected to fuel the growth of the smart headphone market. Smart headphones with advanced features contribute to an enhanced fitness experience. In 2021, the gym, health, and fitness club industry achieved a total revenue of $33.25 billion, as reported by Nasdaq Inc. The increasing awareness of health and fitness is driving the growth of the smart headphone market.

Technological advancements play a pivotal role in shaping the smart headphones market. Philips, a Netherlands-based technology company, launched wireless headphones with active noise control (ANC) technology in March 2022. Equipped with features such as touch controls and a sweatproof design, these headphones provide an enhanced audio experience for users during workout sessions.

Major companies are focused on developing innovative products to meet the growing demand. For example, in May 2022, Sony Group Corporation announced the WH-1000XM5 headphones, featuring a new design, improved sound quality, and enhanced noise cancellation capabilities. These headphones provide an excellent audio experience with features such as a newly developed driver, DSEE Extreme, and Hi-Res audio support.

In March 2022, HP, a U.S.-based hardware company, acquired Poly for $3.3 billion. This acquisition is geared towards diversifying HP's hybrid work offerings, encompassing videoconferencing hardware and headsets. Poly, formerly known as Plantronics, is a U.S.-based company specializing in the manufacturing of communications equipment.

Major companies operating in the smart headphones market report are Apple Inc., Skullcandy Inc., Samsung Electronics Co. Ltd., Huawei Device Co. Ltd., Sony Corporation, LG Electronics Inc., Intel Corporation, Panasonic Corporation, Pioneer Corporation, Koninklijke Philips NV, Harman International Industries Incorporated, Monster Inc., Logitech International S.A., Bose Corporation, GN Store Nord A/S, Plantronics Inc., Sennheiser Electronic GmbH & Co. KG, Shure Incorporated, Bowers & Wilkins Group Ltd., Klipsch Group Inc., Jaybird LLC, Creative Technology Ltd., Sol Republic Inc., Audio-Technica Corporation, Beyerdynamic GmbH & Co. KG, Bragi GmbH, Streamz Inc., Grado Labs, SMS Audio LLC, Denon Electronics USA LLC, Turtle Beach Corporation, V-Moda LLC.

North America was the largest region in the smart headphones market in 2023. The regions covered in the smart headphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart headphones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of smart headphones include in-ear, on-ear, and over-ear options. On-ear headphones have smaller earpads that sit on top of the ears. Technologies involved encompass both wired and wireless options, serving applications in sports and fitness, gaming, music and entertainment, among others. Distribution channels include both online and offline.

The smart headphones market research report is one of a series of new reports that provides smart headphones market statistics, including smart headphones industry global market size, regional shares, competitors with a smart headphones market share, detailed smart headphones market segments, market trends and opportunities, and any further data you may need to thrive in the smart headphones industry. This smart headphones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The small headphone market consists of sales of earbuds, true wireless earbuds, wireless earbuds with cable, wired earbud, and classic earbuds. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.