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Global Earphones and Headphones Market to Grow at a CAGR of 20.50% During 2024-2032, Aided by the Rising Digitalisation

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Global Earphones and Headphones Market Growth, Share, Size, Trends, Research: By Product: Earphones, Headphones; By Price: Less than 50 USD, Between 50 to 100 USD, Above 100 USD; By Technology: Wired, Wireless; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2024-2032

Global Earphones and Headphones Market Outlook

The global earphones and headphones market stood at a value of around USD 53.58 billion in 2023. The market is further expected to grow at a CAGR of 20.50% in the forecast period of 2024-2032 to attain a value of USD 286.83 billion by 2032.

Global Earphones and Headphones Market

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Heightened Demand for Earphones to Bolster the Market Growth of the Global Earphones and Headphones Industry

Based on product, the earphones segment is predicted to hold a healthy market share in the earphones and headphones industry. This growth can be attributed to the increased demand for lightweight and cost-effective earphones. These are especially popular among consumers engaging in physical activities like jogging. Moreover, the increased demand for wireless earphones owing to their ease of use and enhanced connectivity is also predicted to aid the market growth. These factors are expected to contribute to the overall industry growth in the forecast period.

The Asia Pacific to Offer Lucrative Growth Opportunities to the Global Earphones and Headphones Industry

The Asia Pacific is estimated to occupy a considerable share of the earphones and headphones industry in the forecast period. This growth can be attributed to the increased demand for earphones and headphones among consumers, especially the millennial and gen Z population, for the purpose of entertainment. In addition, the rising disposable incomes and the improved living standards are also expected to contribute to the market growth. Moreover, the growing availability of cost-effective headphones and earphones with advanced technologies, such as wireless connectivity and enhanced sound quality, is projected to aid the market growth in the forecast period.

Earphones and Headphones: Market Segmentation

Earphones and headphones are audio devices used by consumers for individual usage. Headphones are loudspeakers worn around the head with both the speakers being placed on the user’s ear. On the other hand, earphones are worn inside the user’s ear canal. These can be utilised for listening to music, watching movies or while playing games and can be connected to a range of compatible devices such as smartphones, PCs, and others. Additionally, both headphones and earphones also come with microphones, which allow people to take calls while using them.

Global Earphones and Headphones Market By Application

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By product, the market is bifurcated into:

Earphones
Headphones

On the basis of price, the market can be divided into:

Less than 50 USD
Between 50 to 100 USD
Above 100 USD

Based on technology, the industry can be segmented into:

Wired
Wireless

Among these, the wired segment can be distributed by type into ANC and others. Meanwhile, the wireless segment can be segregated by type into ANC, bluetooth, NFMI, smart headphones, and others.

On the basis of application, the market can be distributed into:

Fitness/Sports
Virtual Reality
Gaming
Music and Entertainment

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Earphones and Headphones Market By Region

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Rapid Digitalisation to Drive the Global Earphones and Headphones Industry

The heightened demand for digital devices worldwide with the rapid adoption of smartphones and the growing penetration of internet connectivity is projected to propel the market growth in the forecast period. This can be attributed to the growing technological dependence of consumers on smart devices. In addition, the rising disposable incomes and improved living standards are also projected to contribute significantly towards the market growth. Moreover, the rapid technological advancements, such as the development of active noise cancellation feature to provide improved sound quality with fluid connectivity, are also predicted to positively stimulate the market growth. Also, the range of completely wireless earbuds such as Apple’s Airpods is witnessing a growing demand in the market. Additionally, the growing investments by the leading market players in the research and development of innovative earphone and headphone designs are also expected to aid the industry growth. These factors are estimated to positively impact the market growth in the forecast period.

Key Industry Players in the Global Earphones and Headphones Market

The report gives a detailed analysis of the following key players in the global earphones and headphones market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

Apple Inc.
Bose Corporation
Logitech Inc.
Panasonic Corporation
Sennheiser Electronic GmbH and Co. KG
Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Product Price Technology Application Region
Breakup by Product	Earphones Headphones
Breakup by Price	Less than 50 USD Between 50 to 100 USD Above 100 USD
Breakup by Technology	Wired Wireless
Breakup by Application	Fitness/Sports Virtual Reality Gaming Music and Entertainment
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Apple Inc. Bose Corporation Logitech Inc. Panasonic Corporation Sennheiser Electronic GmbH and Co. KG Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Earphones and Headphones Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Earphones and Headphones Historical Market (2018-2023)
   8.3   Global Earphones and Headphones Market Forecast (2024-2032)
   8.4   Global Earphones and Headphones Market by Product
       8.4.1   Earphones
8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Headphones
8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
   8.5   Global Earphones and Headphones Market by Price
       8.5.1   Less than 50 USD
8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Between 50 to 100 USD
8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Above 100 USD
8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
   8.6   Global Earphones and Headphones Market by Technology
       8.6.1   Wired
8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
           8.6.1.3   Breakup by Type
               8.6.1.3.1   ANC
8.6.1.3.1.1   Historical Trend (2018-2023)
                   8.6.1.3.1.2   Forecast Trend (2024-2032)
               8.6.1.3.2   Others
       8.6.2   Wireless
8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
           8.6.2.3   Breakup by Type
               8.6.2.3.1   ANC
8.6.2.3.1.1   Historical Trend (2018-2023)
                   8.6.2.3.1.2   Forecast Trend (2024-2032)
               8.6.2.4.2   Bluetooth
8.6.2.3.2.1   Historical Trend (2018-2023)
                   8.6.2.3.2.2   Forecast Trend (2024-2032)
               8.6.2.4.3   NFMI
8.6.2.3.3.1   Historical Trend (2018-2023)
                   8.6.2.3.3.2   Forecast Trend (2024-2032)
               8.6.2.4.4   Smart Headphones
8.6.2.3.4.1   Historical Trend (2018-2023)
                   8.6.2.3.4.2   Forecast Trend (2024-2032)
               8.6.2.3.5   Others
   8.7   Global Earphones and Headphones Market by Application
       8.7.1   Fitness/Sports
8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Virtual Reality
8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Gaming
8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
       8.7.4   Music and Entertainment
8.7.4.1   Historical Trend (2018-2023)
           8.7.4.2   Forecast Trend (2024-2032)
   8.8   Global Earphones and Headphones Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Earphones and Headphones Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Earphones and Headphones Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Earphones and Headphones Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Earphones and Headphones Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Earphones and Headphones Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Apple Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Bose Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Logitech Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Panasonic Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sennheiser Electronic GmbH and Co. KG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Earphones and Headphones Market: Key Industry Highlights, 2018 and 2032
2.   Global Earphones and Headphones Historical Market: Breakup by Product (USD Billion), 2018-2023
3.   Global Earphones and Headphones Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.   Global Earphones and Headphones Historical Market: Breakup by Price (USD Billion), 2018-2023
5.   Global Earphones and Headphones Market Forecast: Breakup by Price (USD Billion), 2024-2032
6.   Global Earphones and Headphones Historical Market: Breakup by Technology (USD Billion), 2018-2023
7.   Global Earphones and Headphones Market Forecast: Breakup by Technology (USD Billion), 2024-2032
8.   Global Earphones and Headphones Historical Market: Breakup by Application (USD Billion), 2018-2023
9.   Global Earphones and Headphones Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.   Global Earphones and Headphones Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Earphones and Headphones Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Earphones and Headphones Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Earphones and Headphones Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Earphones and Headphones Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Earphones and Headphones Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Earphones and Headphones Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Earphones and Headphones Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Earphones and Headphones Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Earphones and Headphones Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Earphones and Headphones Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Earphones and Headphones Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Earphones and Headphones Market Structure

Key Questions Answered in the Report

What was the global earphones and headphones market size in 2023?

In 2023, the global earphones and headphones market attained a value of nearly USD 53.58 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 20.50% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 286.83 billion by 2032.

What are the major industry drivers?

The major drivers of the industry, such as the increased demand for enhanced sound quality, growing demand for headphones and earphones among fitness enthusiasts and the youth, rising disposable incomes, rapid technological advancements, and heightened focus on ease of use with enhanced connectivity features, are expected to aid the market growth.

What are the key industry trends of the global earphones and headphones market?

The key market trends guiding the growth of the industry include the increasing digitalisation and rising investments in product development by the key market players.

What are the major regional markets of earphones and headphones, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant products considered within the market report?

The significant products considered within the market report include earphones and headphones.

What are the different prices of the product?

The different prices include less than 50 USD, between 50 to 100 USD, and above 100 USD.

What are the major technologies considered within the market report?

The major technologies include wired and wireless.

What are the significant applications of the product?

The significant applications include fitness/sports, virtual reality, gaming, and music and entertainment.

Who are the key industry players, according to the report?

The major players in the industry are Apple Inc., Bose Corporation, Logitech Inc., Panasonic Corporation, Sennheiser Electronic GmbH and Co. KG, and others.

Analyst Review

The global earphones and headphones market attained a value of USD 53.58 billion in 2023, driven by increased demand among the millennial and gen Z population worldwide. Aided by the rapid digitalisation, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 20.50%. The market is projected to reach USD 286.83 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product, the market can be distributed into earphones and headphones. By price, the industry can be segmented into less than 50 USD, between 50 to 100 USD, and above 100 USD. On the basis of technology, the market can be categorised into wired and wireless. Based on application, the industry can be segregated into fitness/sports, virtual reality, gaming, and music and entertainment. The major regional markets for earphones and headphones are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Apple Inc., Bose Corporation, Logitech Inc., Panasonic Corporation, Sennheiser Electronic GmbH and Co. KG, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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