Earbuds Market expected to Grow at a CAGR of 30% - Global Outlook and Forecast 2018-2023
DUBLIN, May 31, 2018 /PRNewswire/ --
The "Earbuds Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global earbuds market is anticipated to reach values of approximately $10 billion by 2023, growing at a CAGR of around 30% during 2017-2023.
The introduction of wireless earbuds will offer better hearing levels, and sound qualities will create lucrative opportunities for leading players in the global market. These products seamlessly perform functions of smart wireless headphones, hearing aids, fitness tracker wearables, and speech modulation devices.
The launch of smart wireless in-ear headphones by Bragi back in 2015 introduced and propelled the development of the global earbuds market. These products are designed and launched in as wireless smart headphones with sensors, chargeable carry case, capable of controlling the playback, and activating voice assistants like Siri, Google Now, Cortana, and Alexa. In 2017, Apple launched their flagship product - AirPods which eventually became the highest selling earbudsin the US and Canadian market.
The increasing penetration of smartphones and growing demand for smart tech in emerging countries of China and India will boost the demand for medium range products in the global market. Leading vendors are introducing products with assisted hearing technology that offer a wide range of functionalities that include enhanced music and listening experience, control over external sounds, and real-time language translation. These technologically enhanced products are designed to meet consumer expectations thereby, boosting revenues in the global market.
The integration of hearing aids to help people with hearing disorders, extended battery life, and active noise cancellation are some of the features offered by top players in the global market. The launch of new product portfolios that offer touch and tap interface to control various functions, sensors to recognize when to pause or play music, and gesture recognition to answer/end call will transform the global earbuds market.
The adoption of newer technologies to enhance product portfolios will attribute to the development of the global earbuds market. The development of inbuilt contact points that enable charging and chargeable carry case, without using any cables to connect to the buds or the left and right ear piece is revolutionizing the charging mechanism in these products.
Some of the key companies in the market are offering wireless charging stations and using magnetic conductive technology to charge the products. Additionally, players are focusing on the sports segments and launching headphones that are sweat and water resistant to boost the sales and revenues in the global market. The vendors are heavily implementing various IPX certifications to make their earbuds sweat and water resistant. This certification helps companies increase their brand reliability and attract more consumers in the global earbuds market. IPX7 means that the product can withstand being submerged into one meter of water for up to 30 minutes.
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Features
4.3.2 Market Segmentation by Price Range
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growing penetration of smartphones and consumer demand for latest products
8.1.2 High demand from consumers engaged in fitness activities
8.1.3 Shorter replacement cycle for headphones and growing adoption of wireless headphones
8.1.4 YOY Impact of Market Growth Enablers
8.1.5 YOY Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Fragmented market with low-quality products
8.2.2 Health concerns and distractions caused by earbuds
8.2.3 YOY Impact of Market Growth Restraints
8.2.4 YOY Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Capabilities to offer real-time solutions to users
8.3.2 Adoption of newer technologies for product enhancement
8.3.3 Capabilities to offer real-time language translation
8.3.4 YOY Impact of Market Opportunities & Trends
8.3.5 YOY Impact of Market Opportunities & Trends on Regions
9 Global Earbuds Market
9.1 Market Overview
9.2 Porter's Five Forces Analysis
10 Price and Brand Popularity Analysis
10.1 Market Overview
11 Global Earbuds Market By Features
11.1 Market Overview
11.2 Smart Earbuds
11.3 Non-Smart Earbuds
12 Global Earbuds Market by Price Range
12.1 Market Overview
12.2 Premium Range
12.3 Mid Range
12.4 Low Range
13 Global Earbuds Market By Geography
13.1 Geographical Overview
14 North America: Earbuds Market
15 Europe: Earbuds Market
16 APAC: Earbuds Market
17 ROW: Earbuds Market
18 Competitive Landscape
18.1 Market Overview
19 Key Company profiles
19.1 Apple
19.2 Alphabet
19.3 Bragi
19.4 Samsung
19.5 Nuheara
19.6 Sony
19.7 Jabra
19.8 Bose
20 Other Prominent Vendors
20.1 Jaybird
20.2 Alpha Audiotronics
20.3 Rowkin
20.4 Huawei
20.5 Avanca
20.6 Bang & Olufson
20.7 Crazybaby
20.8 Earin
20.9 Meizu
20.1 Motorola
20.11 Waverly Labs
20.12 Mymanu
For more information about this report visit https://www.researchandmarkets.com/research/wx44c7/earbuds_market?w=5
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