True Wireless Earbuds Market Size Worth $14.51 Billion by 2028 | CAGR: 14.4%: Polaris Market Research

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Jun 22, 2021, 08:30 ET

NEW YORK, June 22, 2021 /PRNewswire/ -- The global true wireless earbuds market size is expected to reach USD 14.51 billion by 2028 according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR of 14.4% from 2021 – 2028. Increasing consumer preference for wireless earbuds due to their better audio quality, rapid advancements in mobile technology, and rising internet penetration are among the key factors propelling the market growth. In addition to this, increasing focus on the development of smart and user-friendly devices to attract consumers further augmenting the growth of the market. Moreover, the rise in the manufacture of technologically advanced products with budget-friendly pricing is complementing the market growth.

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Key Highlights of True Wireless Earbuds Market

Based on distributing channel, the segment of retail offline stores contributed the largest revenue share and is expected to add more share during the forecast period. The growth is attributed to consumer preference for product purchases from retail shops, pop shops, and supermarkets.
In terms of end-use, the consumer segment dominated the true wireless earbuds market and accounted for a majority of the market share, owing to rising penetration of infotainment devices such as laptops, mobile phones, and in-vehicle infotainment devices.
Razer, a leading developer of gaming devices and accessories has launched a new audio variant of its Hammerhead earphones called Razer Hammerhead True Wireless Pro. This comes with a 60ms low latency mode and is specifically optimized for gamers.
pTron, launched its True Wireless Earbud Bassbuds Sports which are primarily designed for athletes and bikers. These earbuds are developed in a way that will be able to withstand rigorous activities.

Regional Developments

North America is the dominant regional market for true wireless earbuds and is expected to retain the same dominance over the forecast period. Improvements in product offering, increasing consumer base, and presence of several leading players in the region. The regional market in the Asia Pacific is anticipated to progress as the fastest growing market on account of the availability of low-cost earbuds, rise in internet use, increasing investment for the development of advanced products, and huge surge in online shopping in the region.

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Competitive Outlook

Vendors from different parts of the globe are focusing on the improvements in product materials to enhance the final product. Feature-loaded devices are among the latest trend that redefining the genre of wearable as. The key players in the true wireless earbuds market are Sony, Apple, Beats, Jabra, Sennheiser, SoundMAGIC, Amazon, Cambridge Audio, Master & Dynamic, JBL, Lypertek, Bang & Olufsen, Audio-Technica, Anker, Klipsch Audio Technologies, and Jaybird.

Target Audience

Supply Side: Manufacturer and Supplier of Machinery
Demand Side: Consumer, Commercial
Regulatory Side: Federal Communications Commission (FCC)

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Polaris Market research has segmented the true wireless earbuds market report on the basis of distribution channel, end-use and region:

True Wireless Earbuds Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)

Retail Offline Stores
Online Platforms

True Wireless Earbuds End-Use Outlook (Revenue, USD Million, 2016 – 2028)

Consumer
Commercial
Others

True Wireless Earbuds Regional Outlook (Revenue, USD Million, 2016 – 2028)

North America

U.S.
Canada

Europe

Germany
UK
France
Italy
Spain
RoE

Asia Pacific

China
India
Japan
South Korea
RoAPAC

Latin America

Brazil
Mexico
Colombia
RoLATAM

Middle East & Africa

Saudi Arabia
South Africa
Israel
UAE
RoMEA

List of Key Players of True Wireless Earbuds Industry

Sony
Apple
Beats
Jabra
Sennheiser
SoundMAGIC
Amazon
Cambridge Audio
Master & Dynamic
JBL
Lypertek
Bang & Olufsen
Audio-Technica
Anker
Klipsch Audio Technologies
Jaybird

*Note: Additional companies can be included on request

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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