Earphones and Headphones Global Market to Reach $48 Billion by 2030: AI Powered Headphones Emerge to Revolutionize the Market

Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Earphones and Headphones: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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.

Taking into account the ongoing post pandemic recovery, growth in the Headphones segment is readjusted to a revised 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
• 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

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. 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

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/j1dhmw

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• Global Market for Earphones and Headphones