The global earphones and headphones industry is being driven by the increased number of smartphone users globally. This can be attributed to the rising disposable incomes and improved living standards of consumers. In addition, the growing demand for improved audio devices to enhance listening experience while playing video games and watching movies is also projected to significantly catalyse the industry growth in the coming years. Moreover, the growing demand for wireless earphones and headphones among the fitness enthusiasts is also predicted to add to the industry growth.
The growing focus of the leading players in the development of innovative earphones and headphones is estimated to significantly catalyse the industry growth in the forecast period. For instance, in December 2020, Apple Inc. (NASDAQ: AAPL) announced the launch of its new AirPods Max wireless headphones to provide users with an over-ear design and high fidelity sound. These headphones come with an acoustic design, H1 chips, and an advanced software to power computational audio with adaptive EQ, active noise cancellation, and spatial audio. Furthermore, another leading earphones and headphones manufacturer, Jabra, a subsidiary to GN Store Nord A/S (OTCMKTS: GNNDY), launched its new Evolve2 75 headset in October 2021 to aid with productive hybrid working. The headphones offer advanced active noise cancellation and exceptional 8-microphone technology for clear calls. These developments are expected to positively impact the growth of the earphones and headphones industry in the forecast period.
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The major players in the global earphones and headphones market are Apple Inc., Bose Corporation, Logitech Inc., Panasonic Corporation, Sennheiser Electronic GmbH and Co. KG, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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