Global Earphone & Headphone Market, By Type (In-Ear, On-Ear, Over-Ear), By Technology (Wireless Earphones & headphones, Wired Earphones & headphones), By Application (Music & Entertainment, Sports & Fitness, Gaming & VR, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: May 2021
- Report ID: BWC19157
- Available Format: PDF
- Page: 119
Report Overview
The various gyms, health clubs, spas, and wellness centers are incorporating different genres of music and at different sound levels, thereby driving the demand for earphones and headphones in the market.Global Earphone & Headphone Market- Industry Trends & Forecast Report 2027
The global earphone & headphone market was worth USD 10.5 billion in 2020 and is further projected to reach USD 14.9 billion by the year 2027, growing at the CAGR of 5.3% during the forecast period (2020-2027). The market is expanding owing to the increasing adoption and usage of the internet and smartphone. Additionally, biometric monitoring technologies, active noise cancellation, haptics, and gesture controls have revolutionized the fundamentals of the headphones market. Also, surging sales of mobile devices, increasing usage of online streaming services, and growing disposable income are some of the factors that are anticipated to drive the global earphone & headphone market.
Source: BlueWeave Consulting
Global Earphone & Headphone Market - Overview
The various gyms, health clubs, spas, and wellness centers are incorporating different genres of music and at different sound levels, thereby driving the demand for earphones and headphones in the market. Moreover, the demand for high-quality earphones & headphones has compelled the market players to innovate in styling and technology, which has resulted in a significant demand surge. The rapid advancement in technologies and increasing preference for biometric sports tracking earphones & headphones is expected to fuel the growth of the global earphone & headphone market. The same factors are likely to drive the market growth during the forecast period.
Global Earphone & Headphone Market Forecast and Trends
Growth Drivers
Technological Advancements and Improvements in Earphones & Headphones
The earphones & headphone manufacturing companies are continually focusing on developing innovative and technologically advanced products. For example, in May 2021, Noise, an emerging wearables brand, has launched the Flair, a new neckband in the Indian market. These are the country's first touch-enabled Bluetooth neckband earphones. Touch inputs are located near the end of the neckband, rather than on the earbuds themselves.
Manufacturing companies are also attempting to reduce the size and weight of earbuds and headset to provide greater sound quality through intensive innovation. Furthermore, through the implementation of advanced technologies, they are constantly working on improving noise cancellation, which is also estimated to trigger market growth. These factors are contributing significantly to the growth of the global earphone & headphone market.
Rising Demand for Convenient Wireless Technologies
Due to a variety of applications such as music and entertainment, gaming, sports and fitness, and others, the demand for wireless earphones and headphones is growing rapidly. Wireless earphones and headphones offer several benefits such as improved comfort, convenience, Bluetooth connectivity, NFC (Near Field Communication) and IR (infrared) connectivity, and much more. Furthermore, manufacturing enterprises are taking every possible measure to cater to the demands of practically every group, including youngsters, children, and the elderly. As a result, a large range of headphones and earphones are being launched every other day. For example, in January 2021, Bose introduced its Sport Open Earbuds, which have a unique outer ear fitting that allows the user to hear their surroundings while listening to music. These innovations are driving the growth of the earphone & headphone market worldwide.
Global Earphone & Headphone Market Restraints
The absence of Standardization and Regulation may Hamper the Market Growth
The market for headphones and earphones is highly exposed to fake and low-quality products which hinder the market of genuine manufacturers. Consumers are highly drawn towards fake products as their prices are very low, Moreover, it is simply impossible to distinguish fake from genuine. The market, particularly in India and China, is rife with such substandard companies, which have a negative impact on market revenue. Furthermore, such companies control the majority of the market, and due to a lack of strict piracy regulation in emerging economies, the market is unable to reach its full potential.
Impact of COVID-19 on the Global Earphone & Headphone Market
The COVID-19-induced pandemic has had a mixed impact on the global earphone and headphone business. On the one hand, the market has thrived as people's reliance on smartphones and computers increased due to online classes and the growing popularity of working from home. This is the primary factor driving the growth of the earphone & headphones market across the globe. On the other hand, manufacturers were unable to meet demand because manufacturing and production operations had been fully suspended due to the lockdown. However, the market is expected to thrive in the post-COVID era.
Global Earphone & Headphone Market - By Type
Based on types, the global earphone & headphone market is categorized into in-ear, on-ear, and over-ear. Among these, the in-ear segment held the largest market share as it appeals to the major target demographic, i.e., school and college-going students. However, over-ear earphones & headphones are also gaining significant traction over the past few years. The introduction of over-ear products with built-in noise-canceling capabilities and added comfort for the user is fueling the expansion of this sector. Moreover, the introduction of features such as hi-fidelity sound is fueling the demand for these products in the global market.
Global Earphone & Headphone Market - By Technology
Based on technology, the earphone & headphone market is segmented into wireless and wired earphones & headphones. The wireless earphones & headphones segment held the highest market share in 2020. It is also the fastest-growing segment owing to the convenience and ease associated with wire-free use. Wireless earphones & headphones connect to any device, such as a smartphone, stereo speaker, television, gaming console, computer, or other electronic devices, without using a wire or cable. However, wired earphones still have prevalence in the market, especially in developing countries like India.
Global Earphone & Headphone Market - By Application
Based on application, the global earphone & headphone market is categorized into music & entertainment, sports & fitness, gaming & VR, and others. Among these, the music & entertainment segment holds the lion’s share due to the increasing number of customers using social media platforms. The sports & fitness application market is also rising, owing to the increasing trend of grabbing a headphone before a long workout. For example, the boAt Rockerz 261 wireless headphones, with their high level of comfort, are ideal for your workout routine. With the rising popularity of multiplayer games like Fortnite, the gaming & VR segment is also gaining significant traction.
Global Earphone & Headphone Market - By Region
Geographically, the global earphone & headphone market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa. The Asia Pacific held the largest market share in 2020 and is expected to maintain its dominance over the forecast period owing to the availability of affordable smartphones, along with the rising disposable income, and growth of multi-faceted consumer requirements. North America is also projected to witness a promising growth rate and is an important region in terms of revenue generation in the global earphone & headphone market.
Global Earphone & Headphone Market: Competitive Landscape
There are more than 3,000 companies engaged in manufacturing earphones & headphones. Companies such as Bragi GmbH, LG Electronics Inc., Sennheiser Electronic Corporation, Samsung Electronics Co., Ltd., Sony Corporation, Beats Electronics, Huawei Technologies Co Ltd., JABRA Corporation, Bose Corporation, Skullcandy Inc., Mi, JBL, Boat-LifeStyle, Philips, and Panasonic Corporation are the leading player in the global headphones & earphones market across the globe. The competition is very stiff with the presence of leading manufacturers who adopt innovative and advanced techniques to stay ahead in the competition.
Recent Developments in Global Earphone & Headphone Market
l In January 2021, JBL announced the arrival of a new line of audio products--JBL Tour One over-ear headphones and JBL Tour Pro Plus TWS earbuds, under the Tour series. Both the products come with adaptive noise cancellation and patented Pro Sound and TalkThru technology. Both the devices have Amazon Alexa and Google Assistant built-in.
l In May 2021, Nothing, a London-based consumer technology company announced its plan of launching ‘Ear 1’ in June 2021 globally. The company, backed by Indian Entrepreneur Kunal Shah, aimed towards capturing the earphone market with its first product launch.
Scope of the Report
|
Attributes |
Details |
|
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
|
Facts Covered |
Revenue in USD Million |
|
Market Coverage |
North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa |
|
Product Service/Segmentation |
By Type, By Portability, By Application, By Region |
|
Key Players |
Bragi GmbH, LG Electronics Inc., Sennheiser Electronic Corporation, Samsung Electronics Co. Ltd., Sony Corporation, Beats Electronics, Huawei Technologies Co Ltd., JABRA Corporation, JAYBIRD LLC, Bose Corporation, Skullcandy Inc., Mi, JBL, Boat-LifeStyle, Koninklijke Philips N.V., Panasonic Corporation, Apple, Inc., Grado Labs, Harman International Industries, Incorporated, Other Prominent Players |
By Type
- In-Ear
- On-Ear
- Over-Ear
By Technology
- Wireless Earphones & headphones
- Wired Earphones & headphones
By Application
- Music & Entertainment
- Sports & Fitness
- Gaming & VR
- Others
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
-
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary and Secondary Sources
2.2. Quantitative Research
2.2.1. Primary and Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Earphone & Headphone Market – Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Challenges
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Strategic Outlook
5. Global Earphone & Headphone Market Overview
5.1. Market Estimates & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2.1. By Type
5.2.1.1. In-Ear
5.2.1.2. On-Ear
5.2.1.3. Over-Ear
5.2.2. By Technology
5.2.2.1. Wireless Earphones & headphones
5.2.2.2. Wired Earphones & headphones
5.2.3. By Application
5.2.3.1. Music & Entertainment
5.2.3.2. Sports & Fitness
5.2.3.3. Gaming & VR
5.2.3.4. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia-Pacific (APAC)
5.2.4.4. Latin America (LATAM)
5.2.4.5. Middle-East & Africa (MEA)
6. North America Earphone & Headphone Market Overview
6.1. Market Size and Forecast
6.1.1. By Value (USD Million), 2017-2027
6.2. Market Share and Forecast
6.2.1. By Type
6.2.2. By Technology
6.2.3. By Application
6.2.4. By Country
6.2.4.1. U.S.
6.2.4.2. Canada
7. Europe Earphone & Headphone Market Overview
7.1. Market Size and Forecast
7.1.1. By Value (USD Million), 2017-2027
7.2. Market Share and Forecast
7.2.1. By Type
7.2.2. By Technology
7.2.3. By Application
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. U.K.
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Spain
7.2.4.6. Russia
7.2.4.7. Netherlands
7.2.4.8. Rest of Europe
8. APAC Earphone & Headphone Market Overview
8.1. Market Size and Forecast
8.1.1. By Value (USD Million), 2017-2027
8.2. Market Share and Forecast
8.2.1. By Type
8.2.2. By Technology
8.2.3. By Application
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. South Korea
8.2.4.5. Rest of APAC
9. LATAM Earphone & Headphone Market Overview
9.1. Market Size and Forecast
9.1.1. By Value (USD Million), 2017-2027
9.2. Market Share and Forecast
9.2.1. By Type
9.2.2. By Technology
9.2.3. By Application
9.2.4. By Country
9.2.4.1. Mexico
9.2.4.2. Brazil
9.2.4.3. Rest of LATAM
10.MEA Earphone & Headphone Market Overview
10.1. Market Size and Forecast
10.1.1. By Value (USD Million), 2017-2027
10.2. Market Share and Forecast
10.2.1. By Type
10.2.2. By Technology
10.2.3. By Application
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Turkey
10.2.4.5. Rest of Europe
11.Competitive Landscape
11.1.1. List of Key Players and Their Offerings
11.1.2. Market Share / Ranking Analysis (2020)
11.1.3. Competitive Benchmarking, By Operating Parameters
12.COVID-19 Impact
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.3.1. Different Scenario
12.3.2. Impact on Companies
12.4. Regional Impact
13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. BRAGI GmbH
13.2. LG Electronics Inc.
13.3. Sennheiser Electronic Corporation
13.4. Samsung Electronics Co. Ltd.
13.5. Sony Corporation
13.6. Beats Electronics
13.7. Huawei Technologies Co Ltd.
13.8. JABRA Corporation
13.9. JAYBIRD LLC
13.10. Bose Corporation
13.11. Skullcandy Inc.
13.12. Mi
13.13. JBL
13.14. Boat-LifeStyle
13.15. Koninklijke Philips N.V.
13.16. Panasonic Corporation
13.17. Apple, Inc.
13.18. Grado Labs
13.19. Harman International Industries, Incorporated
13.20. Other Prominent Players
14.Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig: Global Earphone & Headphone Segmentation
Fig: Global Earphone & Headphone Market Value Chain Analysis,
Fig: Company Market Share Analysis, 2020
Fig: Global Earphone & Headphone Market Size, By Value (USD Million), 2017-2027
Fig: Global Earphone & Headphone Market Share (%), By Type, By Value, 2017-2027
Fig: Global Earphone & Headphone Market Share (%), By Technology, By Value, 2017-2027
Fig: Global Earphone & Headphone Market Share (%), By Application, By Value, 2017-2027
Fig: Global Earphone & Headphone Market Share (%), By Country, By Value, 2017-2027
Fig: North America Earphone & Headphone Market Size, By Value (USD Million), 2017-2027
Fig: North America Earphone & Headphone Market Share (%), By Type, By Value, 2017-2027
Fig: North America Earphone & Headphone Market Share (%), By Technology, By Value, 2017-2027
Fig: North America Earphone & Headphone Market Share (%), By Application, By Value, 2017-2027
Fig: North America Earphone & Headphone Market Share (%), By Country, By Value, 2017-2027
Fig: Europe Earphone & Headphone Market Size, By Value (USD Million), 2017-2027
Fig: Europe Earphone & Headphone Market Share (%), By Type, By Value, 2017-2027
Fig: Europe Earphone & Headphone Market Share (%), By Technology, By Value, 2017-2027
Fig: Europe Earphone & Headphone Market Share (%), By Application, By Value, 2017-2027
Fig: Europe Earphone & Headphone Market Share (%), By Country, By Value, 2017-2027
Fig: the Asia-Pacific Earphone & Headphone Market Size, By Value (USD Million), 2017-2027
Fig: the Asia-Pacific Earphone & Headphone Market Share (%), By Type, By Value, 2017-2027
Fig: the Asia-Pacific Earphone & Headphone Market Share (%), By Technology, By Value, 2017-2027
Fig: the Asia-Pacific Earphone & Headphone Market Share (%), By Application, By Value, 2017-2027
Fig: Asia-Pacific Earphone & Headphone Market Share (%), By Country, By Value, 2017-2027
Fig: Latin America Earphone & Headphone Market Size, By Value (USD Million), 2017-2027
Fig: Latin America Earphone & Headphone Market Share (%), By Type, By Value, 2017-2027
Fig: Latin America Earphone & Headphone Market Share (%), By Technology, By Value, 2017-2027
Fig: Latin America Earphone & Headphone Market Share (%), By Application, By Value, 2017-2027
Fig: Latin America Earphone & Headphone Market Share (%), By Country, By Value, 2017-2027
Fig: Middle East & Africa Earphone & Headphone Market Size, By Value (USD Million), 2017-2027
Fig: Middle East & Africa Earphone & Headphone Market Share (%), By Type, By Value, 2017-2027
Fig: Middle East & Africa Earphone & Headphone Market Share (%), By Technology, By Value, 2017-2027
Fig: Middle East & Africa Earphone & Headphone Market Share (%), By Application, By Value, 2017-2027
Fig: Middle East & Africa Earphone & Headphone Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table: Global Earphone & Headphone Market Size, By Type, By Value, 2017-2027
Table: Global Earphone & Headphone Market Size, By Technology, By Value (USD Million), 2017-2027
Table: Global Earphone & Headphone Market Size, By Application, By Value (USD Million), 2017-2027
Table: Global Earphone & Headphone Market Size, By Region, By Value (USD Million), 2017-2027
Table: North America Earphone & Headphone Market Size, By Type, By Value (USD Million), 2017-2027
Table: North America Earphone & Headphone Market Size, By Technology, By Value (USD Million), 2017-2027
Table: North America Earphone & Headphone Market Size, By Application, By Value (USD Million), 2017-2027
Table: North America Earphone & Headphone Market Size, By Country, By Value (USD Million), 2017-2027
Table: Europe Earphone & Headphone Market Size, By Type, By Value (USD Million), 2017-2027
Table: Europe Earphone & Headphone Market Size, By Technology, By Value (USD Million), 2017-2027
Table: Europe Earphone & Headphone Market Size, By Application, By Value (USD Million), 2017-2027
Table: Europe Earphone & Headphone Market Size, By Country, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Earphone & Headphone Market Size, By Type, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Earphone & Headphone Market Size, By Technology, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Earphone & Headphone Market Size, By Application, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Earphone & Headphone Market Size, By Country, By Value (USD Million), 2017-2027
Table: Latin America Earphone & Headphone Market Size, By Type, By Value (USD Million), 2017-2027
Table: Latin America Earphone & Headphone Market Size, By Technology, By Value (USD Million), 2017-2027
Table: Latin America Earphone & Headphone Market Size, By Application, By Value (USD Million), 2017-2027
Table: Latin America Earphone & Headphone Market Size, By Country, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Earphone & Headphone Market Size, By Type, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Earphone & Headphone Market Size, By Technology, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Earphone & Headphone Market Size, By Application, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Earphone & Headphone Market Size, By Country, By Value (USD Million), 2017-2027
Table: BRAGI GmbH Financial Analysis
Table: BRAGI GmbH Business Overview
Table: LG Electronics Inc. Financial Analysis
Table: LG Electronics Inc. Business Overview
Table: Sennheiser Electronic Corporation Financial Analysis
Table: Sennheiser Electronic Corporation Business Overview
Table: Samsung Electronics Co. Ltd. Financial Analysis
Table: Samsung Electronics Co. Ltd. Business Overview
Table: Sony Corporation Financial Analysis
Table: Sony Corporation Business Overview
Table: Beats Electronics Financial Analysis
Table: Beats Electronics Business Overview
Table: Huawei Technologies Co Ltd. Financial Analysis
Table: Huawei Technologies Co Ltd. Business Overview
Table: JABRA Corporation Financial Analysis
Table: JABRA Corporation Business Overview
Table: JAYBIRD LLC Financial Analysis
Table: JAYBIRD LLC Business Overview
Table: Bose Corporation Financial Analysis
Table: Bose Corporation Business Overview
Table: Skullcandy Inc. Financial Analysis
Table: Skullcandy Inc. Financial Analysis
Table: Mi Financial Analysis
Table: Mi Business Overview
Table: JBL Financial Analysis
Table: JBL Business Overview
Table: Boat-LifeStyle Financial Analysis
Table: Boat-LifeStyle Business Overview
Table: Koninklijke Philips N.V. Financial Analysis
Table: Koninklijke Philips N.V. Business Overview
Table: Panasonic Corporation Financial Analysis
Table: Panasonic Corporation Business Overview
Table: Apple, Inc. Financial Analysis
Table: Apple, Inc. Business Overview
Table: Grado Labs Financial Analysis
Table: Grado Labs Business Overview
Table: Harman International Industries Financial Analysis
Table: Harman International Industries Business Overview
Market Segmentation
By Type
- In-Ear
- On-Ear
- Over-Ear
By Technology
- Wireless Earphones & headphones
- Wired Earphones & headphones
By Application
- Music & Entertainment
- Sports & Fitness
- Gaming & VR
- Others
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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