Dublin, Aug. 08, 2023 (GLOBE NEWSWIRE) -- The "Smart Headphones - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Smart Headphones Market Expected to Reach $26.9 Billion by 2030
In the transformed post-COVID-19 business landscape, the global market for smart headphones, valued at US$6.1 billion in 2022, is projected to experience significant growth and reach a revised size of US$26.9 billion by 2030. This growth is anticipated at a remarkable Compound Annual Growth Rate (CAGR) of 20.4% during the analysis period from 2022 to 2030. Among the segments analyzed in the report, wireless headphones are expected to perform particularly well, with a projected CAGR of 21.7% and an estimated value of US$23.7 billion by the end of the analysis period. Additionally, considering the ongoing post-pandemic recovery, growth in the wired headphones segment is readjusted to a revised 13.4% CAGR for the next eight-year period.
The U.S. Smart Headphones Market Estimated at $1.9 Billion, while China to Grow at 19.5% CAGR
The smart headphones market in the U.S. is estimated to be valued at US$1.9 billion in 2022. On the other hand, China, the world's second-largest economy, is forecasted to reach a projected market size of US$4.5 billion by the year 2030, experiencing a CAGR of 19.5% over the analysis period from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each expected to grow at 18.2% and 17.2% CAGR, respectively, from 2022 to 2030. Within Europe, Germany is forecasted to experience growth at an approximate CAGR of 14.7%.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Looking Ahead to 2023
Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand.
With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. The year 2023 is expected to be a tough year for most markets, investors and consumers. Nevertheless, there is always the opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.1 Billion |
| Forecasted Market Value (USD) by 2030 | $26.9 Billion |
| Compound Annual Growth Rate | 20.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Smart Headphones - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
Select Competitors (Total 41 Featured):
- Apple, Inc.
- BRAGI GmbH
- ChipSiP Technology Co., Ltd.
- Cosinuss GmbH
- FreeWavz
- Huawei Technologies Co., Ltd.
- Intel Corporation
- LG Electronics Inc.
- Muzik Inc.
- Samsung Electronics Co., Ltd.
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- Streamz Inc.
- Valencell, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/y8e89d
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