San Francisco, California, March 14, 2018: The proliferating sales of smartphones and the burgeoning demand for smart portable audio players are noteworthy trends bolstering the demand for earphones and headphones. The spike in sales of home music players is a key factor aiding in the rapid expansion of the market. A new report penned by TMR Research, titled, “Earphones and Headphones Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017–2025,” offers comprehensive insights into such trends and factors impacting the current landscape and expected to shape the future growth trajectory.
The rising spending on trendy products that offer high-resolution live music streaming is a notable factor contributing to the market’s growth. The rapidly growing demand for trendy and technologically advanced products to consume music at workplaces is another significant factor catalyzing the growth of the market. The advent of Bluetooth-powered devices is a welcome development in the market.
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The striking strides being made by the media and entertainment industry is creating a substantial demand for earphones and headphones, especially in online music streaming segment. The advent of products with attractive designs and advanced features in order to enhance personal experiences is a crucial factor unlocking promising prospects in the market. These developments are increasingly supported by the substantial advances in technology, notably in wireless connectivity and energy storage devices. The launch of wireless earphones and headphones continue to present lucrative opportunities for market players over the forecast period.
On a regional front, Asia Pacific is poised to rise at a promising pace and is expected to account for a substantial share in the global revenue. The growth is fueled by the significantly rising spending on techno savvy and trendy products, particularly in countries such as India, China, and Brazil. North America and Europe are also considered prominent markets, with several lucrative avenues.
Prominent players in the global earphones and headphones market include Koninklijke Philips N.V., Harman International Industries, Inc., JVC, Sony Corporation, Beats Electronics, Bose, Shure Incorporated, and Sennheiser electronic GmbH & Co. KG.