The global premium headphones market was valued at US$ 8,486.8 million in 2017, and is projected to reach US$ 35,049.0 million by 2027, exhibiting a CAGR of 15.2% over the forecast period (2019-2027), according to Global Premium Headphones Market Report, by Price Range of DAC (Up to 1000 USD, 1000 USD to 2000 USD, and above 2000 USD), by Technology (Wired, Wireless, and Smart Headphones), by Price Range (300 to 499 USD, 500 to 1000 USD, Above 1000 USD), by Demographics-Age (Age Up to 30 Years, Age between 30 to 50 Years, Age Above 50 Years), by Demographics-Income (Up to 30,000 USD, 30,000 USD to 85,000 USD, Above 85,000 USD), by Product Type (In-ear, Over-ear, and On-ear), by Application (Consumer, Industrial, Call-Centre, Aviation, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by Coherent Market Insights.
Increasing adoption and usage of the internet and smartphones across emerging nations is creating lucrative opportunities for growth of global premium headphones market. The focus on the comfort of consumers, ease of use, advanced technology, and premium sound quality is expected to increase the sale of premium headphones. Headphones are transforming into multi-functional gadgets. Increasing demand for wireless headphones with digital noise cancellation and high quality audio is driving the global premium headphones market growth. Moreover, introduction of smart hearables that deliver outstanding sounds and superior ways to integrate IoT, augmented hearing, biometric monitoring, language translation will boost growth of this market.
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Key Trends and Analysis of the Global Premium Headphones Market:
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