NEW YORK , Oct. 12, 2022 /PRNewswire/ -- One of the key drivers of the wireless headphones market is the increasing penetration of smart devices. Developing countries are witnessing significant growth in the penetration of smart devices. China and India are the largest markets for smartphones in APAC and are growing rapidly. The demand for smart devices is increasing in urban and semi-urban areas. Hence, smartphone vendors are focusing on these areas to expand their market share. Thus, the rising sales of smart devices are expected to propel the demand for wireless headphones during the forecast period.
The wireless headphones market size is expected to grow by USD 26.96 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 20% during the forecast period, according to Technavio.
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High-priced products are challenging the wireless headphones market growth. Wireless headphones are expensive, and their cost is expected to increase owing to integration with advanced technologies. In addition, the growing consumer demand for additional features is fueling the prices of wireless headphones. This can discourage consumers in developing countries from adopting such products. Thus, the rise in costs associated with wireless headphones is expected to impact market growth negatively.
The wireless headphones market is fragmented, with the presence of diversified international and regional vendors. Vendors are deploying growth strategies such as launch of technologically advanced products and M&A. International players consistently increasing their footprint in the market. However, regional vendors are finding it difficult to compete on factors such as pricing, quality, market reach, and financial resources. International players are expected to grow inorganically by acquiring regional or local players. Vendors are competing to gain top positions in the market. Many new players are also entering the market. Competition among companies has intensified, which is leading to the introduction of many innovative and advanced products. The growth of players in the market also depends on market conditions and industry developments. Therefore, vendors must expand geographically and revive domestic demand to achieve sustained growth over time.
beyerdynamic GmbH and Co. KG
Sennheiser Electronic GmbH and Co. KG
Wireless Headphones Market Product Type Outlook (Revenue, USD bn, 2021-2026)
In-ear wireless headphones - size and forecast 2021-2026
On-ear wireless headphones - size and forecast 2021-2026
Over-ear wireless headphones - size and forecast 2021-2026
Wireless Headphones Market Geography Outlook (Revenue, USD bn, 2021-2026)
North America - size and forecast 2021-2026
Europe - size and forecast 2021-2026
APAC - size and forecast 2021-2026
South America - size and forecast 2021-2026
Middle East and Africa - size and forecast 2021-2026
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Music Synthesizers Market by Distribution Channel, Type, and Geography - Forecast and Analysis 2022-2026: The wireless headphones market size is projected to grow by USD 26.96 billion from 2021 to 2026.
Music Production Equipment Market by Service and Geography - Forecast and Analysis 2022-2026: The music production equipment market share is expected to increase by USD 1.27 billion from 2021 to 2026.
Accelerate at a CAGR of 20%
North America, Europe, APAC, South America, and the Middle East and Africa
US, China, Japan, UK, and Germany
Leading companies, Competitive Strategies, Consumer engagement scope
AIAIAI Audio, Alphabet Inc., Apple Inc., Beyerdynamic GmbH and Co. KG, Bose Corp., Creative Technology Ltd., FKA Distributing Co. LLC, GN Audio AS, GN Store Nord AS, JVCKENWOOD Corp., Logitech International SA, Nexxbase Marketing Pvt. Ltd., Panasonic Corp, Philips International BV, Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skullcandy Inc., Sony Group Corp, and Xiaomi Inc
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
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3.4 Market outlook: Forecast for 2021-2026
5 Market Segmentation by Product Type
5.3 In-ear wireless headphones - Market size and forecast 2021-2026
5.4 On-ear wireless headphones - Market size and forecast 2021-2026
5.5 Over-ear wireless headphones - Market size and forecast 2021-2026
5.6 Market opportunity by Product Type
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 Japan - Market size and forecast 2021-2026
7.12 Germany - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.10 Sennheiser Electronic GmbH and Co. KG
11.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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