The wireless earphones 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.
Wireless Earphones 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 wireless earphones market size has grown strongly in recent years. It will grow from $5.41 billion in 2023 to $5.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growth in music streaming services, fitness and sports, music streaming services, consumer mobility, extended battery life.
The wireless earphones market size is expected to see strong growth in the next few years. It will grow to $8.33 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing smart home integration, voice assistant integration, increasing demand for high-quality audio, language translation, rising disposable incomes and increasing consumer spending.. Major trends in the forecast period include spatial audio and 3d sound, custom ear tips and fit, health and fitness tracking, bone conduction technology, hearing enhancement..
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Scope Of Wireless Earphones 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.
Wireless Earphones Market Overview
Market Drivers –
A rising preference for wireless devices connected with the improved use of smart technology is predicted to fuel demand for wireless earphones over the forecast period. The rapid technological advancements in portable consumer electronic goods, including earphones, are witnessing significant innovations leading to vast transformations in sound output, appearance, connectivity, and portability. The surge in affordability of wireless connectivity and the introduction of new variants with value-added features are shifting customers towards wireless earphones. According to the Cellular Telecommunications Industry Association (CTIA), around 80% of customers think that wireless services are a necessity. In addition to this, approximately 5.1 billion people are using mobile worldwide and 89% of people prefer to keep their smartphones within their reach globally. Thus, the growing preference for wireless devices along with the increased use of smart technology is expected to drive the growth of the wireless earphones market.
The wireless earphones market covered in this report is segmented –
1) By Product Type: In-ear, Neckband, TWS (True Wireless Stereo), Other Product Types
2) By Connectivity: Wi-Fi, Bluetooth
3) By Application: Music and Entertainment, Sports and Fitness, Gaming and Virtual Reality
4) By Distribution Channel: Hypermarkets/ Supermarkets, Multi Branded Stores, Exclusive Stores, Online Channels
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Regional Insights –
North America was the largest region in the wireless earphones market in 2023. Asia-Pacific is expected to be the fastest growing region in the wireless earphones market report during the forecast period. The regions covered in the wireless earphones market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the wireless earphones market include Apple Inc., Bose Corporation., Sony Corporation, Koninklijke Philips, Sennheiser Electronic, Samsung Group, LG Corporation., Skullcandy Inc., Panasonic Corporation, Plantronics Inc., Shure Incorporated, Japan Victor Company (JVC), One Plus Technology Co. Ltd., Logitech International S.A., Harman International Industries Inc., Zebronics India Pvt. Ltd., Motorola Solutions Inc., HTC Corporation., Nokia Corporation., Bang & Olufsen A/S, Beats Electronics LLC., Audio-Technica Corporation, Klipsch Group Inc., Ultimate Ears, Anker Innovations Limited, Jaybird LLC, Bragi GmbH, Nuheara Limited, Master & Dynamic, 1MORE Inc., Fantasia Trading LLC., EarFun Inc., Thousandshores Inc., RHA Technologies., Edifier International Limited, Grado Labs
Table of Contents
1. Executive Summary
2. Wireless Earphones Market Characteristics
3. Wireless Earphones Market Trends And Strategies
4. Wireless Earphones Market – Macro Economic Scenario
5. Global Wireless Earphones Market Size and Growth
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31. Global Wireless Earphones Market Competitive Benchmarking
32. Global Wireless Earphones Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wireless Earphones Market
34. Wireless Earphones Market Future Outlook and Potential Analysis
35. Appendix
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