Earphones and Headphones Market size forecast to exceed USD 18.2 billion by 2023 - PowerPoint PPT Presentation

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Earphones and Headphones Market size forecast to exceed USD 18.2 billion by 2023

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Earphones and Headphones Market size was USD 11.68 billion in 2015, with 4.6% CAGR from 2016 to 2023, to exceed USD 18 billion by 2023; as per a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Earphones and Headphones Market size forecast to exceed USD 18.2 billion by 2023


1
Earphones and Headphones Market size predicted to
reach USD 18.2 billion by 2023 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Earphones and Headphones
Market
  • Global shipments were 339.2 million units in
    2015, with volume forecast to grow at 3.9 CAGR
    and exceed 470 million units by 2023.
  • Wired technology segment was valued at over USD
    10 billion in 2015 and is estimated to grow at
    4.6 CAGR from 2016 to 2023. Rising significance
    of portable media players and mobile phones will
    fuel growth.
  • In-ear products were valued at over USD 7.7
    billion in 2015 and could witness huge growth
    owing to light weight and compact size.

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Continued...
  • North America earphones and headphones market
    share was over 36 of the global revenue in 2015.
    Industry participants need to company with
    standards and norms set forth by The Director of
    Federal Register and OSHA, which are aimed at
    using accurate components for production.
  • China headphones market is estimated to grow at
    5.6 CAGR from 2016 to 2023. Increasing adoption
    of these devices owing to possession of numerous
    devices per user has contributed to consumption.
  • Key players operating in the industry are Beats
    (Apple), Sennheiser, Shure, and Bose. Industry
    participants focus on improvisation as well as
    new product development which are anticipated to
    be the favored growth strategy. Rising RD
    investments for improving product differentiation
    is likely to catapult industry growth.

4
Europe earphones and headphones market size, by
technology, 2012-2023 (USD Million)

5

Browse Full Market Research Report of Earphones
and Headphones Market _at_ http//goo.gl/Dq3c9a Re
quest for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/4
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360 Analysis
  • Technology Analysis
  • Wired earphones and headphones market size was
    over USD 10 billion in 2015. The segment is
    forecast to grow at 4.6 CAGR from 2016 to 2023.
    Major technological advancements in wireless
    products will drive demand across the high
    fidelity headphones and earphones market. Noise
    cancellation technology or active noise control
    for an enhanced listening experience will prove
    favorable for growth.
  • Regional Analysis
  • U.S. earphones and headphones market size will
    grow at 4.8 CAGR to exceed USD 5 billion by
    2023. Manufacturers are expected to comply with
    the rules and standards passed by legal
    aouthorities such as OSHA and The Director of
    Federal Register pertaining to the use of
    appropriate components used in production.
  • Competitive Market Share
  • Companies accounting for earphones and headphones
    market share include Sennheiser Electronics,
    Beats Electronics (Apple), Bose Corporation,
    Shure, etc.


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