The global earphones and headphones market size is expected to reach USD 184.61 billion by 2032, according to a new study by Polaris Market Research. The report “Earphones and Headphones Market Share, Size, Trends, Industry Analysis Report, By Product (Headphones and Earphones); By Technology; By Price Band; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The earphones and headphones industry has seen significant growth due to the increasing popularity of multimedia devices such as tablets, smartphones, iPods, and MP3 players. Consumers are now looking for high-quality audio devices to enhance their entertainment experiences, which has resulted in a wide variety of earphones and headphones available in the market. Technological advancements have led to the development of lightweight and wireless earbuds, which are expected to drive market growth in the coming years.
The wireless segment is predicted to witness exponential growth as manufacturers integrate various wireless technologies such as Bluetooth, Wi-Fi, AI, SKAA, and AR. AI and AR technology have allowed for the introduction of new products with features such as noise cancellation, gesture recognition, and adaptive hearing. Personalized applications provided by companies like Sony Corporation, GN Store Nord A/S (Jabra), and Bose Corporation allow consumers to customize their earbuds according to their preferences for music listening, fitness tracking, and more.
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In 2019, Sony Corporation introduced the WF-1000XM3 earbuds with an HD noise-canceling QN1e chip processor, while Apple, Inc. launched the second-generation AirPods with an H1 chip for a similar function. AI is used in many earphones and headphones to select the most effective noise-canceling mode by analyzing ambient sound components. All of these factors are expected to drive market growth in the future.
Earphones and Headphones Market Report Highlights
Polaris Market Research has segmented the Earphones and Headphones market report based on product, technology, price band, application, and region:
Earphones and Headphones, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Earphones and Headphones, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
Earphones and Headphones, Price Band Outlook (Revenue - USD Billion, 2019 - 2032)
Earphones and Headphones, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Earphones and Headphones, Regional Outlook (Revenue - USD Billion, 2019 - 2032)