Global Wireless Headphones Market to Generate Revenues of $34 Billion During 2019-2024 - Market Research by Arizton

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Feb 06, 2019, 09:00 ET

CHICAGO, Feb. 6, 2019 /PRNewswire/ -- Arizton's latest research report states that the global wireless headphones market is anticipated to generate revenues of around $34 billion by 2024, growing at a CAGR of approximately 20% during 2018–2024.

Key Highlights Offered in the Report:

In 2017, AirPods accounted for 85% of earbuds sales in the US region.
The smart headphones segment covered more than 50% of the total market share in 2018.
The market witnesses the introduction of new technologies such as gesture recognition and control, active head tracking, biometric monitoring, 3D surround sound delivery, and onboard storage in over-ear.
The incorporation of enhanced audio drivers is propelling the demand for high-fidelity wireless headphones in the market.
Vendors of true wireless headphones are incorporating higher IPx ratings in their products to cater to the rising demand from the sports and fitness segment.

Key Offerings:

Market Size & Forecast by Revenue | 2018–2024
Market Size & Forecast by Units | 2018–2024
Market Dynamics – List of drivers, trends, restraints, and investment opportunities
Market Segmentation - Detailed analysis of features, types, price range, end-user, and geography.
Competitive landscape – Profile 5 key vendors and 37 other prominent players in the market.

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Wireless Headphones Market - Dynamics

Leading vendors are collaborating with smartphones manufacturers and influencers from the music, fashion, and entertainment industry to the launch of new variants and garner new sales.

Key drivers and trends propelling the growth of the global market are:

Innovations in audio technology and headphones manufacturing
Booming fitness and entertainment industries
Presence of hearables, truly wireless earbuds, and real-time problem-solving features

Wireless Headphones Market - Segmentation

This market research report includes a detailed segmentation of the market by features, types, price range, end-user, and geography.

The In-ear headphones segment covered the largest market share in 2018.
Sub-$100 wireless headphones are the fastest growing segment in the market, growing at a CAGR of around 22% by 2024.

- Market Segmentation by Feature

Smart
Non-smart

- Market Segmentation by Type

In-ear
On-ear
Over-ear

- Market Segmentation by End-user

Entertainment
Fitness & Sports
Gaming

- Market Segmentation by Price Range

Less than $50
$50 - $100
Above $100

Wireless Headphones Market - Geography

The wireless headphones market is segmented into APAC, Europe, North America, Latin America, and MEA. The introduction of products with features such as convenient wireless charging, portable designs, water resistance, advanced sound control, sensors, gesture control, and better battery life is driving the growth of wireless headphones worldwide.

Market Size & Forecast | 2018–2024

Revenues & Units

Feature
Type
End-use
Price Range
Top Countries

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- Market Segmentation by Geography

North America
Europe
APAC
Latin America
MEA

- Key Countries Profiled in the Report are:

US
Canada
UK
Germany
France
China
South Korea
Brazil
Mexico
UAE
South Africa

- Major Vendors in the Global Market:

Apple
Bose
Samsung
Sony
Sennheiser

Other prominent vendors include Skullcandy, Jabra, Bang and Olufsen, Jaybird, Motorola, Huawei, Avanca, Amkette, ASUS, Audio Technica, Beyerdynamic, Creative Technology, Denon, Grado Labs, The House of Marley, JAYS, JVCKENWOOD, Logitech, MONSTER CABLE PRODUCTS, Panasonic, Parrot, Philips, Pioneer, Shure, Sol Republic, Turtle Beach, Urbanears, Westone Laboratories, Alphabet, Bragi, Nuheara, Rowkin, Crazybaby, Earin, Meizu, Waverly Labs, and MyManu.

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About Arizton:

Arizton – Advisory and Intelligence is a premium innovation-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence