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Wireless Headphones Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR45758
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The wireless headphones market size has the potential to grow by USD 8.23 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (in-ear wireless headphones, on-ear wireless headphones, and over-ear wireless headphones) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Alphabet Inc., Apple Inc., BBK Electronics Corp. Ltd., Bose Corp., JVCKENWOOD Corp., Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Skullcandy Inc., and Sony Corp.

Market Overview

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Market Competitive Analysis

The market is fragmented due to the presence of several international and regional vendors. This wireless earbuds market research report focuses on the strategies adopted by companies and the areas they are focusing on. This will help clients in this marketspace develop new growth strategies and focus on innovations, which, in turn, will aid in differentiating their products from the competitors’ and improve their revenue shares. Alphabet Inc., Apple Inc., and BBK Electronics Corp. Ltd. are some of the major market participants. Although the increasing penetration of smart devices will offer immense growth opportunities, the high priced products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this wireless headphones market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this wireless headphones market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

 

  • Alphabet Inc.
  • Apple Inc.
  • BBK Electronics Corp. Ltd.
  • Bose Corp.
  • JVCKENWOOD Corp.
  • Logitech International SA
  • Panasonic Corp.
  • Samsung Electronics Co. Ltd.
  • Skullcandy Inc.
  • Sony Corp.

 

Wireless Headphones Market: Segmentation by Geography

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North America was the largest wireless headphones market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high adoption rate of smart devices and multimedia gadgets will significantly drive wireless headphones market growth in this region over the forecast period.

34% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for wireless headphones in North America. Market growth in this region will be slower than the growth of the market in APAC and Europe.

Wireless Headphones Market: Segmentation by Type

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In-ear wireless headphones can be defined as wireless headphones that can fit comfortably inside each human ear canal. Most wireless headphones fall under this category because of its relative ease of use, comfort, and fitting properties. Depending on the design and model, in-ear headphones comprise rubber or foam tips in different sizes based on fitting to the ears. Secure fitting of in-ear headphones makes them suitable for being used in sports and fitness activities. These headphones offer excellent passive noise isolation with superior sound quality and custom-made sound effects. In-ear wireless headphones are characterized by portability, low costs, and nominal storage requirements. These factors are likely to contribute to the growth of in-ear wireless headphones during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless headphones market size.

Wireless Headphones Market: Key Drivers and Trends

According to our wireless earbuds market research report, the penetration of smart devices such as smartphones, tablets, laptops, smart TVs, streaming media players, and various other devices, will be one of the primary factors providing traction to the growing demand and adoption of wireless headphones. This drives the demand for additional accessories such as wireless headphones. Technavio’s market study identifies the increasing penetration of smart devices to be one of the primary growth factors for the wireless headphones market. Wireless connected devices such as Bluetooth headphones are gaining prominence as they sync perfectly with smartphones. The growing demand and adoption of smart tablets and smartphones will respectively drive the demand for wireless headphones. Our market analysts estimate that the market will grow steadily at a CAGR of almost 8% by 2024.

The increasing adoption of sports and fitness wireless headphones will drive the growth of the wireless headphones market until the end of 2024. The demand for biometric headphones has been steadily increasing among athletes and sportspersons, as the headphones can track heart rate fluctuations, running and fitness metrics, calories burned, and distance covered with time limit. Also, manufacturers are integrating advanced heart-rate sensors in biometric headphones that enhance the performance of various applications. Factors such as the growing focus on youth on fitness and wellness and the launch of new sports and fitness wireless headphones will drive the adoption of wireless headphones in the coming years.

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Wireless Headphones Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive wireless headphones market growth during the next five years
  • Precise estimation of the wireless headphones market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wireless headphones industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wireless headphones market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • In-ear wireless headphones - Market size and forecast 2019-2024
    • On-ear wireless headphones - Market size and forecast 2019-2024
    • Over-ear wireless headphones - Market size and forecast 2019-2024
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alphabet Inc.
      • Apple Inc.
      • BBK Electronics Corp. Ltd.
      • Bose Corp.
      • JVCKENWOOD Corp.
      • Logitech International SA
      • Panasonic Corp.
      • Samsung Electronics Co. Ltd.
      • Skullcandy Inc.
      • Sony Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The wireless headphones market growth will increase by $8239.50 million during 2019-2024.
      The wireless headphones market is expected to grow at a CAGR of 7.51% during 2019-2024.
      Technavio has segmented the wireless headphones market by type (In-ear wireless headphones, On-ear wireless headphones, and Over-ear wireless headphones) and geographic (North America, Europe, APAC, South America, and MEA).
      Alphabet Inc., Apple Inc., BBK Electronics Corp. Ltd., Bose Corp., JVCKENWOOD Corp., Logitech International SA, Panasonic Corp., Samsung Electronics Co. Ltd., Skullcandy Inc., Sony Corp. are a few of the key vendors in the wireless headphones market.
      North America will register the highest growth rate of 34.48% among the other regions. Therefore, the wireless headphones market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the wireless headphones market growth are:
      • Increasing penetration of smart devices
      The wireless headphones market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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