Noise Canceling Headphones Market Size and Forecast

Noise Canceling Headphones Market Size and Forecast

Tech Highlights:

  • The growing awareness toward hearing disorders, the transition to hearable in the connected environment, the increasing number of smartphone users and tech-savvy consumers, and the adoption of new audio technology are some of the prominent factors that are expected to drive the ANC headphones market.

  • The active noise cancellation headphones market is expected to CAGR of 14% over the forecast period 2021 – 2026. The growing acceptance of smart wearables such as wireless headphones increased control over ambient sounds.

Increasing affinity of the millennial population towards technologically advanced and state-of-the-art electric appliances is one of the leading factors driving growth of the active noise cancellation headphones market.

Furthermore, need for high capital and technological expertise may prove to be major barriers to entry for small- and medium-scale manufacturers in the active noise canceling headphones market.

Increasing inclination of consumer towards headphones that offer higher audio quality is encouraging audio device companies to incorporate advanced technologies and offer the noise canceling feature in headphones is further fuelling the market growth.

In-ear active noise cancelling headphones are likely to witness traction during the forecast period. A major reason for the high market penetration of these headphones is their cost-efficiency. Further, the increased adoption of in-ear headphones by sports and music enthusiasts is another factor for the high application of in-ear headphones.

Due to COVID-19 outbreak, the production facilities of the electronics parts have been halted owing to the logistics slowdown and unavailability of the workforce across the globe which in turn leading to the gap in the demand and supply of the electronic products. On the other hand, various e-commerce companies all across the globe have discontinued the delivery of non-essential items (including most of the electronics products), which is affecting the active noise cancellation headphones market growth.

Proliferation of Smart Phones is Expected to Drive the Market Over the Forecast Period

The increasing penetration of smartphones and connected mobile phones is driving the demand for active noise cancelling headphones worldwide. Vendors are incorporating several smart and intelligent features in their products, which is affecting the global sale of active noise cancellation headphones. There is a high demand for entry-level smart products in developing countries, which is currently fulfilled by local manufacturers. According to CISCO Annual Internet Report, 2018–2023, the total number of global mobile subscribers will raise from 5.1 billion in 2018 to 5.7 billion by 2023. Also, smartphones market will register a CAGR of 7% during the same period.

The increasing trend of making the smartphones slimmer and thinner has resulted in the manufacturers removing the headphones jack. This is propelling the consumers to adopt advanced headphones with unique features, in turn, boosting the market growth over the forecast period.

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