Global Headphone Market - Strategic Assessment and Forecast 2017 - 2022
The global headphone market to grow at a CAGR of 7.8% during the forecast period.
NEW YORK, April 27, 2017 /PRNewswire/ -- Headphone Market – Report Insights
Headphone has undergone a number of advancement from the era when they were being used by telephone operators. Now, headphone has become stylish in performance and better in sound quality. Technological evolution and the growth of the music industry have revolutionized the way people listen to music. Currently, there are many ways to listen to music including smartphones; handheld portable mobile devices such as iPods, MP3, and MP4 players; and online music sites. Music enthusiasts are investing in quality headphone that is compatible with portable devices for high-quality sound and enhanced audio experience.
Read the full report: http://www.reportlinker.com/p04835179/Global-Headphone-Market-Strategic-Assessment-and-Forecast.html
Scope of the report
The report "Global Headphone Market – Strategic Assessment and Forecast 2022" considers the present scenario of the market and strategic assessment for the period 2016–2022. The report also includes a detailed study of growth drivers, trends, and restraints. Lastly, it studies the competitive landscape and includes the leading five vendors in the headphone market.
The report provides the analysis of the key segments of the headphone market by type/product, technology, feature, geography, country and vendors.
It provides a detailed analysis of market size and forecast in terms of:
1. Revenue
2. Shipment
The report provides the detailed market revenue and unit shipment of each segment such as
By Type / Product
• In-ear
• On-ear
• Over-ear
By Technology
• Wired
• Wireless
By Feature
• Non-smart
• Smart
By Geography
• North America
• EMEA
• APAC
• Latin America
The report provides the market size and forecast by type and technology for each region
By Country
• China
• US
Headphone Market – Market Size and Dynamics
Analysts at Beige Market Intelligence forecast the global headphone market to grow at a CAGR of 7.8% in terms of revenue by 2022. The market is estimated to grow between 2016 and 2020, primarily on account of technological advancements such as active noise cancellation, wireless connectivity, compatibility with smartphones and tablets, and booming VR and gaming industries. In terms of shipment, the global headphone market is expected to grow at a CAGR of 5.21% by 2022.
The global in-ear headphone market is going to contribute the maximum revenue and will continue to be a dominating market segment till 2022. The shipment of in-ear headphone is expected to reach approximately 250 million units by 2022.
The wired headphone segment has dominated the global headphones market for a long period. However, since 2010, the segment has been losing its dominance due to the growing adoption of wireless headphone. However, the wired segment is extremely popular in emerging countries in APAC where wired headphones do not have a price premium.
The global smart headphone market is going to witness an exponential growth over the forecast period driven by the increasing adoption of wireless headphone. The demand for wireless headphone has grown as an increasing number of consumers focus on aesthetics of a product. However, the global non-smart headphone market is expected to have a slow growth as the segment is experiencing stagnation, globally. The segment is expected to exhibit a decline after 2020 because of the availability of technologically advanced headphones.
Headphone Market – Trends, Drivers and Challenges
Product miniaturization, changing consumer preferences, and technological advancements are the major drivers in the coming years. Headphone miniaturization has run parallel to the progressive miniaturization of the audio players themselves and hence is the emerging trend in the global headphone market. The report outlines the major trends of the global headphone market which is going to drive the sales and revenue. The rise in in-ear and over-ear product offerings, rapid growth of active noise control technology and wireless connectivity are among the major trends discussed in the report.
High interoperability of headphone with smartphones and tablets, increased partnerships with mobile device manufacturers, and short replacement cycle of headphone are the key factors driving the headphone market growth. The report provides a detailed analysis of the challenges for the market. It also provides the Porter's five forces analysis along with a description of each of the forces and its impact on the market.
Headphone Market – Geographical Segmentation
The report includes the market analysis of different regions such as North America, Latin America, APAC, and EMEA. It outlines the major market share holders and the market size analysis of all the regions. Europe is the largest market in terms of both, volume (shipments) and value (revenue) and is strongly influenced by the popularity of music in Western Europe and Scandinavian countries.
The penetration of smart headphone is high in these countries as they are technologically advanced. North America is the second largest market, following Europe, in terms of both, volume (shipments) and value (revenue), which is heavily influenced by technology adoption in the US. The market in APAC region is driven by the high population and rising disposable income of the middle-class population, which is prominent in developing countries in the region. Developed countries such as Japan and South Korea are considered as the innovators in the market. The headphone market in Latin America region is expected to grow faster than the overall global market in terms of shipments, which is closely linked to device adoption growth.
Headphone Market – Key Vendors and Market Share
The global headphone market is fragmented, with the presence of many local and global vendors. Innovation in technology by leading vendors is a major factor influencing the growth of the market, which is characterized by intense competition. The report includes the market analysis of different regions such as North America, Latin America, APAC, and EMEA. It outlines the major market share holder and the market size analysis of all the regions.
The global headphone market is dominated by five major players:
• Beats Electronics LLC
• Bose
• Sony
• Sennheiser
• Skullcandy
Other prominent vendors in the global headphones market included in the report are AIAIAI, AKG, Apple, Audio-Technica, Beyerdynamic, Creative, Denon, Grado Labs, The House of Marley, JAYS, JBL, JVCKenwood, Logitech, Molami, Monster Inc., Panasonic, Parrot, Pioneer, Shure, SMS Audio, Sol Republic, Urbanears, and Westone.
Why should you buy the report?
The report provides answers to the following questions related to the global headphone market.
1. What are the current changes witnessed by the market and how are they likely to impact the market landscape in the coming years?
2. What are the various factors that can affect the market over the next few years?
3. What are the major emerging trends and challenges for the market over the next five years?
4. What is the market size and market forecast for each product segment?
5. What is the market size and market forecast for each end-user type?
6. Which region is going to have the largest market share and what are the factors driving the market growth in that region?
7. What is the sale growth rate in key geographies?
8. Which are the key countries in terms of market size and market forecast?
9. Which are the key vendors in the market?
10. What are the key strategies implemented by the leading vendors to increase growth opportunities?
11. Which are the key emerging vendors in the market?
Read the full report: http://www.reportlinker.com/p04835179/Global-Headphone-Market-Strategic-Assessment-and-Forecast.html
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Share this article