The bluetooth headphones global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bluetooth Headphones Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The bluetooth headphones market size has grown rapidly in recent years. It will grow from $20.12 billion in 2023 to $22.45 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the rise of wearable technology, the demise of the headphone jack, lifestyle changes, fashion and design trends, increased connectivity options, and consumer awareness, and education.
The bluetooth headphones market size is expected to see rapid growth in the next few years. It will grow to $34.96 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to the expansion of the entertainment and gaming industry, increasing disposable income, growing trend of wireless audio, and expansion of e-commerce channels. Major trends in the forecast period include the emergence of hybrid connectivity, the rise of AI-driven audio enhancement, integration with augmented reality (AR) and virtual reality (VR) platforms, expansion of smart features, integration of health monitoring features, improved battery life, and adoption of true wireless technology.
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Scope Of Bluetooth Headphones Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Bluetooth Headphones Market Overview
Market Drivers –
The proliferation of smartphones is expected to propel the growth of the bluetooth headphones market going forward. Smartphones refer to mobile phones with built-in computer functionality and other features not previously found on phones. The high proliferation of smartphones is attributed to their multifunctionality, acting as all-in-one devices for communication, entertainment, productivity, and connectivity, streamlining various aspects of modern life into a single portable gadget. Smartphones serve as the primary source for audio content, facilitating the widespread adoption of Bluetooth headphones by providing seamless connectivity and control options, enhancing the user experience and portability. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021. This figure increased by over 2 million at the end of March 2022, resulting in 93.5 million subscribers, equivalent to 73.5% of the nation’s adult population. Therefore, the proliferation of smartphones is driving the growth of the bluetooth headphones market.
Market Trends –
Major companies operating in the Bluetooth headphones market are increasing their focus on developing innovative products, such as hybrid adaptive noise cancellation headphones, to boost their revenue in the market. Hybrid adaptive noise cancellation headphones are advanced audio devices that use multiple noise-canceling technologies to efficiently block out unwanted ambient sounds while also adapting to different environments and user preferences. For instance, in February 2024, Sennheiser Electronic GmbH & Co. KG, a Germany-based audio equipment manufacturer, launched the ACCENTUM Plus wireless headphones in India. These headphones have Bluetooth 5.2, touch controls, ANC (active noise cancellation) compatibility, and Sennheiser’s renowned sound profile. Along with touch-gesture controls for enhanced use, the headphones are claimed to have a 50-hour battery life on a single charge. The headphones also have a 37mm dynamic transducer, support several codecs, including aptX Adaptive, and have a transparency mode.
The bluetooth headphones market covered in this report is segmented –
1) By Product: Over Ear, In Ear, On Ear
2) By Components: Hardware, Software, Services
3) By Distribution Channels: Exclusive Store, Multi-Branded Store, Online Retail
4) By Application: Music And Entertainment, Sports And Fitness, Gaming, Virtual Reality
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Regional Insights –
Asia-Pacific was the largest region in the bluetooth headphones market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the bluetooth headphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the bluetooth headphones market are Apple Inc., Samsung electronics Co. Ltd., Microsoft Corporation, Sony Group Corporation, Lenovo Group Limited, LG Electronics Inc., HP Inc., Panasonic Corporation, Koninklijke Philips N.V., Logitech International SA, Bose Corporation, GN Store Nord AS, Plantronics Inc., Razer Inc., Bowers & Wilkins, Sennheiser Electronic GmbH & Co KG, Jabra Corporation, Imagine Marketing Pvt. Ltd., Skullcandy Inc, Creative Technology Ltd., HIFIMAN Corporation, Audio-Technica US Inc., AfterShokz, Hooke Audio Corporation
Table of Contents
1. Executive Summary
2. Bluetooth Headphones Market Report Structure
3. Bluetooth Headphones Market Trends And Strategies
4. Bluetooth Headphones Market – Macro Economic Scenario
5. Bluetooth Headphones Market Size And Growth
…..
27. Bluetooth Headphones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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