Albany, NY, July 20, 2016 (GLOBE NEWSWIRE) — According to the report, market is expected to expand at a CAGR of 7.0% and 4.1%, respectively, during the projected period. Portable music systems, such as smartphones, tablets and portable music players, are experiencing significant growth in demand and this, in turn, is driving the growth of the earphone and headphone market currently.
The global market for earphones and headphones is anticipated to witness considerable growth in the coming years. In the recent years, technological advancements in headphones have led to the minimization of the overall weight of headphones. Additionally, sophisticated noise cancellation features in earphones and headphones have been adding to the rising popularity of these devices. Major technological developments in wireless technologies such as Wi-Fi, Infrared (IR), SKAA and Bluetooth are expected to continue to boost the growth of the earphone and headphone market further.
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Report covers the earphone and headphone market performance in terms of the global earphone and headphone market revenue and volume split, since this is detrimental to the growth of the earphone and headphone market. This section additionally includes analyses of the key trends, drivers and restraints from the supply, economic and demand side, which are influencing the earphone and headphone market currently. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in the report to better equip and arm clients with crystal clear decision-making insights.
As highlighted earlier, the earphone and headphone market is an aggregation of product type (includes wired and wireless earphone and headphone), price (includes premium, mid and low price ), Business Process Outsourcing (BPO), consulting, and integration service), distribution channel (includes multi-brand store (includes organized store and independent store), single brand store and online store) and application (includes media and entertainment, sports, gaming, personal and corporate) segments. All these segments and sub-segments are included in this section to make the study more comprehensive.
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This study discusses the key regional trends contributing to the growth of the earphone and headphone market on a worldwide basis, as well as analyses the degree at which the global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan as a separate region and the Middle East and Africa (MEA).
All the above sections, by product type, by price, by distribution channel, by application or by region, evaluate the present scenario and the growth prospects in the earphone and headphone market for the period 2015 –2025. We have considered 2014 as the base year and provided data for the trailing 12 months.
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Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the earphone and headphone space. Key competitors covered in the report are Beats (Apple Inc.), Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, Sony Corporation, GN Netcom A/S (Jabra), Harman International Industries, Inc.(AKG), Bose Corporation, JVC Corporation, Philips Electronics Ltd. and Audio-Technica Corporation.
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