March 28, 2020

Wireless Headphones Market is estimated to grow with a CAGR of 7.9 % during the forecast period from 2018 to 2026

According to a new market research report published by Credence Research, “Wireless Headphones Market – Growth, Future Prospects, and Competitive Analysis, 2018 – 2026”, the wireless headphones market was valued at US$ 13.55 Bn in 2017 and will be growing at a CAGR of 7.9% during the forecast period from 2018 to 2026.

Market Insights

The wireless headphones market was valued at US$ 13.55 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 7.9% during the forecast period from 2018 to 2026. In recent years, the wireless headphones market has witnessed significant growth in terms of both value and volume. The average selling price of wireless headphones is also witnessing an upward growth as a result of increasing demand for premium features such as form factor and noise cancellation among others. The convenience of use is one of the most important factors consumers consider while making a purchase decision for a wireless headphone.  It provides hassle-free music and call experience for the user. Growing demand for smartphones is another prominent factor aiding the wireless headphone market growth. Moreover, increasing for gaming and virtual reality applications is further complimenting the wireless headphones market growth.

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The online segment expected to witness the fastest growth in the coming years. The availability of lucrative offers coupled with ease of shopping is some of the most prominent factors supporting the growth of the online segment. Rising internet penetration in the region such as the Asia Pacific and Middle East & Africa is further facilitating the online segment growth. Easy return policy and faster delivery are the other important factors influencing people to choose online channels over offline channels.

In terms of investment, the Asia Pacific market expected to remain the most lucrative for wireless headphone manufacturers. The region in recent years has witnessed a rising net disposable income. With the perpetually growing smartphone market in the region, the demand for accessories including wireless headphones is also expected to grow swiftly.

Key players profiled in the report include Apple, Inc., Sony Corporation, Samsung Electronics, JBL, Bose Corporation, Philips, Beats Electronics, Skullcandy, Sennheiser, Jabra and Shure among others. These companies are engaged in research and development activities in order to stay ahead of the competition. Voice assistant is expected to the next big trend for headphones in the not too distant future. Moreover, an increasing number of wireless headphones are expected to be offered with the noise cancellation feature.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type

  • In-Ear
  • On-Ear
  • Over-Ear

By Functionality

  • With Microphone
  • Without Microphone

By Distribution Channel

  • Online
  • Offline

By Geography Segment

· North America (the U.S., Rest of North America)

· Europe (U.K., Germany, France, Rest of Europe)

· Asia Pacific (China, Japan, India, Rest of Asia Pacific)

· Rest of the World (the Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the global wireless headphones market size in 2017 and forecast for 2026?
  • What are the current trends in the wireless headphones market?
  • What are the various valuable opportunities for the players in the market?
  • Which is the largest regional market for the wireless headphones market?
  • Which region expected to be the fastest-growing and why?
  • What are the future prospects for the wireless headphones market?
  • What are the major drivers and restraints influencing the market growth?
  • What are the new innovations by the leading players?
  • What are the key strategies adopted by the leading players in the market?

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