The global wireless earphones market size is expected to grow from $4.65 billion in 2021 to $4.89 billion in 2022 at a compound annual growth rate (CAGR) of 5.2%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The wireless earphone market is expected to reach $6.10 billion in 2026 at a CAGR of 5.7%.
What is the Global Wireless Earphones Market?
The wireless earphones market consists of sales of wireless earphones by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing wireless earphones. Wireless headphones are connected to a device such as a computer, television, stereo speaker, smartphone, gaming console, and other electronic devices without using a cable or wire. Wireless earphones transmit audio signals through radio or IR (infrared) signals, depending on the device. They connect to the device via Bluetooth technology and Wi-Fi. Only goods and services traded between entities or sold to end consumers are included.
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What drives the Global Wireless Earphones Market?
A rising preference for wireless devices connected with the improved use of smart technology is predicted to fuel demand for wireless earphones over the forecast period. The rapid technological advancements in portable consumer electronic goods including earphones are witnessing significant innovations leading to vast transformation in sound output, appearance, connectivity, and portability. The surge in affordability of wireless connectivity and the introduction of new variants with value-added features are shifting customers towards wireless earphones. According to the Cellular Telecommunications Industry Association (CTIA), around 80% of customers think that wireless services are a necessity. In addition to this, approximately 5.1 billion people are using mobile worldwide and 89% of people prefer to keep their smartphones within their reach globally. Thus, the growing preference for wireless devices along with increased use of smart technology is expected to drive the growth of the wireless earphones market.
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Global Wireless Earphones Market Segments
The global wireless earphones market is segmented:
By Product Type: In-Ear, Neckband, TWS (True Wireless Stereo), Others
By Connectivity: Wi-Fi, Bluetooth
By Application: Music and Entertainment, Sports and Fitness, Gaming and Virtual Reality
By Distribution Channel: Hypermarkets/ Supermarkets, Multi Branded Stores, Exclusive Stores, Online Channels
By Geography: The regions covered in the wireless earphones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Wireless Earphones Global Market Report 2022provides market size and growth forecasts for the global wireless earphones market, global wireless earphones market share, wireless earphones market segments and geographies, wireless earphones market competitive landscape including leading competitors’ revenues, profiles and market shares. The wireless earphones market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Wireless Earphones Industry Playersinclude Apple Inc., Bose Corporation, Sony Corporation, Koninklijke Philips, Sennheiser Electronic, Samsung Group, LG Electronics, Skullcandy, Panasonic Corporation, and Plantronics Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
