Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Headphones are a small pair of wearable loudspeakers that either worn on or around the head over a user’s ears. In other words, they are electroacoustic transducers that convert electric signals to the corresponding sound. Headphones connect to a single source of the audio amplifier including radio, mobile phones, portable media player, CD player, video game console or electronic musical instrument. It is either connected with a cord or wireless technology such as Bluetooth, FM radio or DECT. Wireless headphones and earphones include over-the-ear, behind-the-ear, in-ear, and other wearing options. It includes Bluetooth enabled and noise-canceling headphones.

The global Earphone and Headphone Market was accounted for US$ 15,985.4 Mn in terms of value in 2019 and 378.7 Mn units in terms of volume is expected to grow at CAGR of 7.0% for the period 2020-2027

Market Dynamics- Drivers

  1. Increasing mobile device penetration is expected to drive growth of the global earphone and headphone market during the forecast period

Adoption of mobile devices, especially tablets and smartphones has increased significantly in countries such as India, Indonesia, Brazil, and China. This adoption is due to increasing internet penetration and rising popularity of online music mobile streaming in these countries. According to the Coherent Market Insights’ analysis, smartphone shipments worldwide have increased from 1.1 billion units in 2013 to 1.2 billion units in 2014, of which 45% smartphone units were shipped in China in 2014. Moreover, rising trend of e-banking, mobile shopping, BOYD is boosting adoption of smartphones and tablets and thereby driving growth of the market in the near future.

  1. Presence of a strong distribution network is expected to propel the global earphone and headphone market growth over the forecast period

Key companies in the market relying on strong distribution channels such as multi-brand distributors and retailers of headphones and earphones, in order to enhance the market presence and gain a competitive edge. According to Coherent Market Insights’ analysis, online retailing is becoming the most popular distribution channel in emerging markets such as China, Indonesia, Brazil, and Russia. In Asia, e-commerce sales recorded growth of 36% reaching US$ 615 Bn in 2014 as compared to that in 2013. Thus, these factors are expected to support the global earphone and headphone market growth over the forecast period.

Statistics:

Asia Pacific held dominant position in the global Earphone and Headphone market in 2019, accounting for 36.8% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Earphone and Headphone Market Share (%), in terms of Value, By Region, 2019

Earphone and Headphone  | Coherent Market Insights

Market Dynamics- Restraint

  1. Rising threat of piracy and counterfeit products is expected to restrain growth of the global earphone and headphone market during the forecast period

Piracy and counterfeiting of products is a major threat to the market growth. The materials used in the production of these earphones and headphones are of substandard quality with low quality and durability. However, pirated products are offered at a fraction of the price of original products and hence are majorly preferred in emerging economies such as India and China. Thus, the presence, of counterfeit products is expected to restrain growth of the global earphone and headphone market during the forecast period.

  1. Absence of standardization is expected to hinder the global earphone and headphone market growth over the forecast period

Lack of standardization in technology and components used for manufacturing headphones and earphones, especially by medium- and small-size companies is another factor hindering the market growth. Furthermore, inadequate standards in the market lead to high product and price differentiation, which in turn, is expected to hamper the global earphone and headphone market growth in the near future.

Market Opportunities

  1. Merger and acquisition activities among key players can present major growth opportunities

Major companies in the market are focused on merger and acquisition activities, in order to capitalize on opportunities and gain a competitive edge in the market. For instance, in 2014, Apple Inc. acquired Beats Music and Beats Electronics, a subscription-based streaming music service provider, for US$ 3 billion. The primary goal of this acquisition is to expand its product portfolio related to earphones and headphones.

  1. Growing demand for wireless headphones and earphones can provide lucrative business opportunities

Consumers are increasingly preferring wireless headphones and earphones, owing to sophistication and ease of use provided by these products. Key companies in the market are focused on manufacturing trendy and innovative wireless headphones and earphones to cater to rising demand from fashion-conscious consumers. Furthermore, technological advancements have led to the development of lightweight and compact earphones and headphones. Manufacturers are incorporating advanced features such as Wi-Fi, Bluetooth, and SKAA in wireless headphones and earphones for an increasing number of tech-savvy consumers.

Figure 2: Global Earphone and Headphone Market Value (US$ Mn), 2017 - 2027

Earphone and Headphone  | Coherent Market Insights

The global Earphone and Headphone market was valued at US$ 15,985.4 Mn in 2019 and is forecast to reach a value of US$ 27,535.7 Mn by 2027 at a CAGR of 7.0% between 2020 and 2027.

Market Trend

  1. North America Trend

The demand for ergonomically designed earphones and headphones is rapidly increasing, especially in the U.S. and Canada and is expected to continue during the forecast period. Increasing the adoption of sports and recreational activities in the region is another factor influencing manufacturers to introduce earphones and headphones for sports and fitness activities. Unified Communication headset is gaining traction for office purposes in the U.S. and Canada. Moreover, on average consumers in the region own three to four pairs of headphones/earphones.

  1. Western Europe Trend

Premium headphones and earphones are gaining traction, especially in the U.K, France, and Germany. This is owing to rising disposable income and high fashion sense in the region. Purchase of earphones and headphones though online channels are gaining massive popularity in Western Europe, owing to high penetration of mobile broadband in the region. Moreover, earphones and headphones with multi-layered air damping technology and flexible swivel design are gaining popularity, especially among audiophiles in Western Europe.

Competitive Section

Key companies involved in the global earphone and headphone market are Harman International Industries, Inc. (AKG), Beats (Apple Inc.), Plantronics Pty. Limited, Audio-Technica Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Sony Corporation, Philips Electronics Ltd., JVC Corporation, and GN Netcom (Jabra).

Key Developments

  1. Key players in the market are involved in product launches, in order to expand the product portfolio. For instance, in January 2020, Harman International Industries, Inc. introduced new AKG K361-BT and K371-BT professional studio headphones with Bluetooth connectivity.
  2. Major companies in the market are focused on product development, in order to gain a competitive edge in the market. For instance, in September 2018, Plantronics Pty. Limited introduced a range of five wireless headsets across its BackBeat Go and BackBeat FIT lines in Australia.

Headphones are a small pair of wearable loudspeakers that either worn on or around the head over a user’s ears. In other words, they are electroacoustic transducers that convert electric signals to the corresponding sound. Headphones connect to a single source of the audio amplifier including radio, mobile phones, portable media player, CD player, video game console or electronic musical instrument. It is either connected with a cord or wireless Product Type such as Bluetooth, FM radio or DECT. Wireless headphones and earphones include over-the-ear, behind-the-ear, in-ear, and other wearing options. It includes Bluetooth enabled and noise-canceling headphones.

Market Dynamics

Adoption of mobile devices, especially tablets and smartphones has increased significantly in countries such as India, Indonesia, Brazil, and China. This adoption is due to increasing internet penetration and rising popularity of online music mobile streaming in these countries. According to the Coherent Market Insights’ analysis, smartphone shipments worldwide have increased from 1.1 billion units in 2013 to 1.2 billion units in 2014, of which 45% smartphone units were shipped in China in 2014. Moreover, rising trend of e-banking, mobile shopping, BOYD is boosting adoption of smartphones and tablets and thereby driving growth of the market in the near future. Key companies in the market relying on strong distribution channels such as multi-brand distributors and retailers of headphones and earphones, in order to enhance the market presence and gain a competitive edge. According to Coherent Market Insights’ analysis, online retailing is becoming the most popular distribution channel in emerging markets such as China, Indonesia, Brazil, and Russia. In Asia, e-commerce sales recorded growth of 36% reaching US$ 615 Bn in 2014 as compared to that in 2013. Thus, these factors are expected to support the global earphone and headphone market growth over the forecast period.

Market Taxonomy

This report segments the Global Earphone and Headphone Market on the basis of Application, Distribution Channel, Product Type and Region. On the basis of Application, Global Earphone and Headphone Market is segmented into (Personal, Sports, Gaming, Corporate and Media & Entertainment).On the basis of Distribution Channel, the Global Earphone and Headphone Market is segmented into Multi-brand Store (Organized and Independent), Single Brand Store and Online Store. On the basis of Product Type, the Global Earphone and Headphone Market is segmented into Wired (Premium, Mid and Low), Wireless (Premium, Mid and Low). On the basis of region, Global Earphone and Headphone Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Global Earphone and Headphone Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Earphone and Headphone Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Earphone and Headphone Market includes Harman International Industries, Inc. (AKG), Beats (Apple Inc.), Plantronics Pty. Limited, Audio-Technica Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Sony Corporation, Philips Electronics Ltd., JVC Corporation, and GN Netcom (Jabra).
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, Product Type up gradation, market expansion, and marketing tactics
  • The global Earphone and Headphone market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Earphone and Headphone Market

Detailed Segmentation:

  • Global Earphone and Headphone Market, By Application:
    • Personal
    • Sports
    • Gaming
    • Corporate
    • Media & Entertainment
  • Global Earphone and Headphone Market, By Distribution Channel:
    • Multi-brand Store
      • Organized
      • Independent
    • Single Brand Store
    • Online Store
  • Global Earphone and Headphone Market, By Product Type:
    • Wired
      • Premium
      • Mid
      • Low
    • Wireless
      • Premium
      • Mid
      • Low
  • Global Earphone and Headphone Market, By End-User:
    • SMEs
    • Large Enterprises
  • Global Earphone and Headphone Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • Audio-Technica Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Beats (Apple Inc.)
    • Bose Corporation
    • GN Netcom (Jabra).
    • Harman International Industries, Inc. (AKG)
    • JVC Corporation
    • Philips Electronics Ltd.
    • Plantronics Pty. Limited
    • Sennheiser Electronic GmbH & Co. KG
    • Sony Corporation

Browse all the market data tables and figures on “Global Earphone and Headphone Market - Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    1. Research Objectives
    2. Assumptions
    3. Abbreviations
  2. Market Purview
    1. Report Description
      • Market Definition and Scope
    2. Executive Summary
      • Market Snippet, BY Application
      • Market Snippet, By Distribution Channel
      • Market Snippet, BY Product Type
      • Market Snippet, By Region
    3. Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Distribution Channel Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Earphone and Headphone Market, BY Application, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Application Trends
    • Personal
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Sports
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Gaming
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Corporate
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Media & Entertainment
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global Earphone and Headphone Market, By Distribution Channel, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Application Trends
    • Multi-brand Store
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Organized
        • Independent
    • Single Brand Store
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Online Store
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Earphone and Headphone Market, By Product Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Application Trends
    • Wired
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Premium
        • Mid
        • Low
    • Wireless
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Premium
        • Mid
        • Low
  7. Global Earphone and Headphone Market, By End-User, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Application Trends
    • SME’s
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Large Enterprises
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  8. Global Earphone and Headphone Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Distribution Channel, 2020–2027 (US$ Million)
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Audio-Technica Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Beats (Apple Inc.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bose Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GN Netcom (Jabra).
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Harman International Industries, Inc. (AKG)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JVC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Philips Electronics Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Plantronics Pty. Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sennheiser Electronic GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sony Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Earphone and Headphone Market -forecast to 2027”.

Frequently Asked Questions

The global market for Earphone and Headphone is expected to reach USD 19,595.5 Million by 2022.
Increasing mobile device penetration is expected to drive growth of the global earphone and headphone market during the forecast period
Wired sub-segment holds the largest market share among Product Type segment contributing 62.9% market share in terms of value in 2019.
Asia Pacific region hold the largest share in the global Earphone and Headphone market in 2019, accounting for 47.3% share in terms of value.
Key players operating in the global Earphone and Headphone market are Harman International Industries, Inc. (AKG), Beats (Apple Inc.), Plantronics Pty. Limited, Audio-Technica Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Sony Corporation, Philips Electronics Ltd., JVC Corporation, and GN Netcom (Jabra).
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