The global smart headphones market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 20% during 2021-2026.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The rising penetration of smart devices along with the growing number of tech-savvy consumers is primarily catalyzing the market for smart headphones. Moreover, the rising popularity of smart headphones based on their advanced features, such as gesture recognition, virtual assistants, language translation, and noise suppression, is further propelling the market growth. Moreover, the market is also driven by the increasing demand for 3D surround sound technology for several audio and video streaming applications.
Smart headphones refer to the technically advanced audio wearable devices that provide high definition sound format. They enable high compatibility with smartphones, laptops, tablets, digital music systems, digital TV, automobile infotainment devices, etc. Smart headphones offer several additional benefits, such as fitness tracking, medical monitoring, water resistance, noise cancellation, touch-based control, etc. As a result, they are widely used across diverse sectors, including entertainment, gaming, healthcare, sports, education, etc.
The rising adoption of smart headphones for virtual training across several sectors, such as healthcare, education, corporate, military, etc., is also bolstering the market growth. Additionally, the expanding consumer electronic sector across both developed and emerging economies, has led to the emergence of smart wearable devices. Rising levels of urbanization and the increasing per capita disposable incomes are also augmenting the demand for smart headphones in these regions.
In the sports and fitness sector, smart headphones with lightweight designs and high portability features have become a popular choice among sports enthusiasts and fitness professionals. Various innovative technologies, such as bone conduction, virtual reality, artificial intelligence, and soundscape, are also driving the demand for smart headphones. Additionally, the increasing trend of Bring-Your-Own-Devices (BYOD) along with the launch of advanced product variants providing Bluetooth, Wi-Fi, and Near Field Communication (NFC) connectivity, are also expected to strengthen the market for smart headphones.