Market Size and Forecast: Premium Headphones

Market Size and Forecast: Premium Headphones

Tech Highlights:

  • The extensive usage of the internet and smartphones across the globe is giving rise to strong, and attractive opportunities for the top vendors operating in the global premium headphones market. These manufacturers and vendors are mainly focusing on consumers’ comfort, easy to use headphones, and most importantly their premium sound quality.

  • The global premium headphones market was valued at USD 3.22 Billion in 2019 and is anticipated to reach USD 6.78 Billion in 2027 growing at a CAGR of 10.1% over the forecast period.

The increasing popularity and online streaming of music are also one of the factors which are expected to boost market growth in the coming years. Moreover, technological advancements pertaining to noise cancellation are also expected to fuel the market growth as it helps in eliminating the background noises resulting in enhanced sound quality. The rising popularity and usage of smartphones, tablets, laptops, portable music players, and other mobile devices is also expected to have a positive impact on the market.

Furthermore, in 2018 JBL, a very prominent brand in headphones introduced a new variation in headphones which is exclusively made for the gym. Many players in the market mainly rely on strong distribution channels which include multi-brand advertising and retailers in order to gain competitive advantage.

Moreover, nowadays gym trainers and sports athletes are increasingly using premium headphones, which in turn is giving a boost to the market. Many experts say that the significant amalgamation of health sensors and biometric monitoring capabilities will surely enhance the development of the premium headphones market across the globe.

Product Insights

The market can be segmented into headphones and earphones. The earphone segment is anticipated to account for the maximum share in the market because of the growing demand for wireless earphones across the world. Because they offer high sound quality. The headphones segment is also anticipated to witness considerable growth on account of developments in terms of the features, such as Bluetooth, Wi-Fi.

Headphones are hardware output devices that can be plugged into computers or phones or laptops. These are used to listen to audio or watch a movie without being disturbed. Now, if we talk about earphones, they are devices used for converting electric currents into sound waves, held closed or inserted into the ear.

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