Dublin, May 13, 2020 (GLOBE NEWSWIRE) -- The "True Wireless Headphones Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 are Included in this Global True Wireless Headphones Market Report. The true wireless headphones market is expected to grow at a CAGR of over 17% during the period 2019-2025.
The global true wireless headphones market is expected to grow at a CAGR of over 17% during the period 2019-2025. Music enthusiasts are investing in high-quality earphones that are compatible with portable devices for high-sound quality and enhanced audio experience. Mobile devices have emerged as the preferred medium for consuming online media. Since 2010, the global smartphone market has witnessed unprecedented growth. Smartphone shipments crossed 1.5 billion in 2015 and crossed over 2.0 billion in 2019. Globalization and the increased number of mass media channels have made millennials aware of a wide range of cultures and music genres. About 49% of millennials watch videos on their mobile devices.
Moreover, millennials are three times more likely to watch videos on their mobile devices than baby boomers. Therefore, millennials invest in premium earbuds that are compatible with smartphones and handheld portable mobile devices such as iPods, MP3, and MP4 players. Hence, changing lifestyles are driving the growth of the global true wireless headphones market.
The following factors that are expected to contribute to the growth of the true wireless headphones market during the forecast period:
- True Wireless Headphones as Hearables in Connected Environment
- Enhancing Features While Reducing Size of Earbuds
- Growth in Tech-Savvy Consumers
The study considers the present scenario of the true wireless headphones market and its dynamics for the period 20192025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply sides of the market. It profiles and examines leading companies and other prominent companies operating in the market.
This research report includes a detailed segmentation by features, price range, noise accentuation, distribution channel, and geography. The demand for smart true wireless headphones has grown in recent years as an increasing number of consumers focus on product aesthetics and add-on features. The sports and fitness segment witnessed an increased application in 2019. The growing adoption of smartphones and other portable connected devices such as tablets and portable music players is a major factor influencing the segment growth. While smart headphones include a slew of features - water resistance, noise cancellation, improved sound format, 3D surround sound technology, storage capacity, they can perform a host of functions other than answering calls and streaming music. These features include gesture recognition, sensors, and biometric recognition. However, the increasing availability of counterfeit and low-quality products can severely hinder the sale of smart headphone brands.
The premium headphones segment is expected to will witness 3 times growth during the forecast period. The segment is adopted by brands such as Bose, Sennheiser, Apple, Sony, and Samsung. The ability of these vendors to integrate premium wireless headphones with hi-tech functionalities such as layered hearing and speech amplification is expected to drive the segment growth. Currently, smart and branded true wireless headphones fall under this segment. Another reason for the surge in the adoption of premium models is that users are finding new affection for these devices. It is estimated that over 3 billion users worldwide will regularly consume audio and video by streaming directly over their phones and other portable devices such as tablets by 2025. This is expected to drive the demand for premium devices as they help to consume media comfortably and discreetly.
A temporary setback and decline in new unit sales are inevitable across major and emerging markets due to the outbreak of the Corona Pandemic. The major impact on the headphones market of the pandemic has been the disruption in component manufacturing and supply as well as the closure of assembly lines, which have hit the overall electronics market. The negative impact and decline in new sales are likely to affect the first half of 2020, with several markets starting to revive by June and July 2020. The market remains a little concentrated among top vendors, enjoying the majority of the revenue and a growing influx of small and mid-sized vendors worldwide, accounting for the remaining share. Variations in demand across the globe and a consistent need for technological enhancement in product offerings are forcing vendors to refine and modify their unique value propositions.
Key Vendors
- Apple
- Sony
- Samsung
- Jabra
- 1more
- Avanca
- Alpha Audiotronics
- Anker
- Arbily Tech
- Audio Technica
- Avanca
- Bang & Olufsen
- BBK Electronics
- Blaupunkt
- Boat
- Bose
- Cambridge Audio
- Crazybaby
- Creative
- Earin
- Gonoise
- Huawei
- Jam
- JLab
- Jaybird
- JAYS
- JVCKenwood
- Lyertek
- LG Electronics
- Master & Dynamic
- Meizu
- Mobvoi
- Motorola
- Mymanu
- Nokia
- Nuheara
- Pioneer
- Plantronics
- QCY
- RHA
- Rowkin
- Sennheiser
- Sol Republic
- SoundMagic
- SoundPeats
- Trelab
- Waverly Labs
- Xiaomi
Key Market Insights
- Offers sizing and growth prospects of the market for the forecast period 2019-2024
- Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market
- Includes a detailed analysis of growth drivers, challenges, and investment opportunities
- Delivers a complete overview of segments and the regional outlook of the market
- Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Market Opportunities & Trends
8.1 True Wireless Headphones As Hearables In Connected Environment
8.2 Innovations To Become Standard Offerings
8.3 Enhanced Features With Reduced Size Of Earbuds
9 Market Growth Enablers
9.1 Value-Added Features Driving Adoption
9.2 Rising Demand From Users In Fitness Activities
9.3 Rising Number Of Tech-Savvy Consumers
9.4 Consumers Owning More Than One Headphone
9.5 Awareness Of NIHL Driving Noise Cancelling Segment
10 Market Restraints
10.1 Competition From Smart & Neckband Wireless Headphones
10.2 Consumer Health Concerns & Reduced Environmental Awareness
10.3 Availability Of Counterfeit Products
11 Market Landscape
11.1 True Wireless Headphones
11.2 Impact OF COVID-19
11.3 Five Forces Analysis
12 By Features
12.1 Market Snapshot & Growth Engine (Revenue)
12.2 Market Snapshot & Growth Engine (Units)
12.3 Market Overview
12.4 Smart True Wireless Headphones
12.5 Non-Smart True Wireless Headphones
13 By Price Range
13.1 Market Snapshot & Growth Engine (Revenue)
13.2 Market Snapshot & Growth Engine (Units)
13.3 Market Overview
13.4 Premium Range
13.5 Moderate Range
13.6 Low Range
14 By Noise Attenuation
14.1 Market Snapshot & Growth Engine (Revenue)
14.2 Market Snapshot & Growth Engine (Units)
14.3 Market Overview
14.4 Noise Cancellation
14.5 Noise Isolation
15 By Distribution Channel
15.1 Market Snapshot & Growth Engine (Revenue)
15.2 Market Overview
15.3 E-Commerce Sites
15.4 Vendor Stores & Sites
15.5 Mass Market Players
15.6 Specialty Stores
15.7 Online Music Stores
15.8 Electronic Stores
15.9 Other Channels
16 By Geography
16.1 Market Snapshot & Growth Engine (Revenue)
16.2 Market Snapshot & Growth Engine (Units)
16.3 Geographic Overview
17 North America
18 Europe
19 APAC
20 Latin America
21 Middle East & Africa
22 Competitive Landscape
22.1 Competition Overview
22.2 Market Share Analysis
23 Key Company Profiles
24 Other Prominent Vendors
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
27 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/iuvqph
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