Dublin, May 16, 2024 (GLOBE NEWSWIRE) -- The "Earphones and Headphones - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Earphones and Headphones estimated at US$26 Billion in the year 2023, is projected to reach a revised size of US$48 Billion by 2030, growing at a CAGR of 8% over the analysis period 2023-2030.
Earphones, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$31.1 Billion by the end of the analysis period. Growth in the Headphones segment is estimated at 6.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.2 Billion, While China is Forecast to Grow at 9.3% CAGR
The Earphones and Headphones market in the U.S. is estimated at US$7.2 Billion in the year 2023. 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 9.3% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 7.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
Key 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
- 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
- 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
- Growing Popularity of Podcasts & Podcasting Drives Demand for Headphones for Recording & Listening
- Headphones can Save a Podcast & Make it More Effective & Immersive
- 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
- 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
- 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
Company Coverage:
- 3M
- Amazon
- AIWA
- Ambrane India Pvt., Ltd.
- Antonio International Ltd.
- Anker Technology (UK) Ltd.
- Allen & Heath Limited
- Amkette
- AIAIAI ApS
- AcousticSheep
- 1More
- Abyss Headphones
- A One
- ActivMotion
- Ambie corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 824 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $26 Billion |
| Forecasted Market Value (USD) by 2030 | $48 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/225tgf
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
