The smart headphones market is witnessing remarkable growth, set to increase from $10.94 billion in 2023 to $13.27 billion in 2024, with a robust CAGR of 21.3%. Factors such as the demand for wireless connectivity and the rise of wearable technology are driving this expansion. By 2028, the market is forecasted to reach $28.12 billion, reflecting a CAGR of 20.7%, fueled by innovations in biometric sensing and augmented reality integration.
Major Driver In The Smart Headphones Market
The anticipated surge in the smart headphones market is attributed to the increasing penetration of smart devices, such as tablets, smartphones, laptops, streaming media players, smart TVs, and other multimedia devices. This growth is fueled by the rising prevalence of electronic devices capable of sharing, connecting, and interacting with each other and users. As of March 2022, data from the Cybercrew article reveals that 87% of adults owned smartphones in 2020, with a global smartphone penetration rate of 78.9%, ranking the UK second. Moreover, 72% of people in the UK had mobile internet access in 2020, and by 2021, 97.5% utilized smartphones for social media engagement. This extensive adoption of smart devices underscores their ubiquity, emphasizing the potential for a robust market for smart headphones between 2023 and 2028.
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Smart Headphones Market Competitive Landscape
Apple Inc., SkuLLCandy Inc., Samsung Electronics Co Ltd., Huawei Device Co Ltd., Sony Corporation, LG Electronics Inc., Intel Corporation, Panasonic Corporation, Pioneer Corporation, Koninklijke Philips NV, Harman International Industries Incorporated, Monster Inc., Logitech International S.A., Bose Corporation, GN Store Nord A/S, Plantronics Inc., Sennheiser Electronic GmbH & Co KG, Shure Incorporated, Bowers & Wilkins Group Ltd., Klipsch Group Inc., Jaybird LLC, Creative Technology Ltd., Sol Republic Inc., Audio-Technica Corporation, Beyerdynamic GmbH & Co KG, Bragi GmbH, Streamz Inc., Grado Labs, SMS Audio LLC, Denon Electronics USA LLC, Turtle Beach Corporation, V-Moda LLC
Key Smart Headphones Market Trend
Technological advancements are shaping the smart headphones market. Major players in the market are developing smart headphones with advanced technologies such as gesture recognition, virtual assistants, and noise suppression. For instance, in March 2022, Philips, a Netherlands-based technology company launched wireless headphones, TAT4506BK, equipped with active noise control (ANC) technology. These are added with IPX4 splash, touch features for easy controls, and a sweatproof design to help people have better workout sessions.
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Smart Headphones Market Segmentation
The smart headphones market covered in this report is segmented –
1) By Type: In Ear, On Ear, Over Ear
2) By Technology: Wired, Wireless
3) By Application: Sports And Fitness, Gaming, Music And Entertainment, Other Applications
4) By Distribution Channel: Online, Offline
By Geography:The regions covered in the smart headphones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the smart headphones market in 2023.
The Smart Headphones Global Market Report 2024 furnishes information about the global smart headphones market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
