According to the latest market research study by Technavio, the global headphone market is expected to grow at a CAGR of close to 5% during the forecast period 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global headphone market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on type
|
TYPE |
MARKET SHARE 2016 (%) |
|
In-ear headphones |
56.44% |
|
On-ear headphones |
23.33% |
|
Over-ear headphones |
20.23% |
Source: Technavio
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Global headphone market by in-ear headphones: These headphones are designed with speakers that fit into the user’s ears. They are built to ensure audio isolation and prevent interference from ambient noise.
“A major factor influencing the market growth is the low cost of these headphones, making them an affordable option for many consumers. Besides, they are portable and require minimal storage space, which makes them ideal for travelers,” says Ujjwal Doshi, a senior analyst at Technavio for research on consumer electronics.
Global headphone market by on-ear headphones: On-ear headphones are considered as a fashion accessory, which is one of the major factors affecting the growth of this segment. These headphones are moderately comfortable when in use and can easily be taken off. They are lightweight and the headband applies less pressure on the user’s head.
Global headphone market by over-ear headphones: Over-ear headphones offer a comfortable fit coupled with advanced features like noise cancelation and hi-fidelity sound. The segment has created a position for itself in the global headphone market with the major advantage of eliminating outside noise. These headphones are extremely comfortable with a padded headband that distributes the weight evenly. Moreover, they have large ear cups that surround the earlobes.
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The top vendors operating in the global headphone market are:
- Beats Electronics
- Bose
- Sennheiser
- Skullcandy
- Sony
The other prominent vendors in the market include AIAIAI, AKG Acoustics, Apple, Audio-Technica, Beyerdynamic, Creative Technology, Denon Electronics, Grado Labs, House of Marley, Jays, JBL, JVC Kenwood, Logitech International, Molami, Monster, Panasonic, Parrot, Pioneer, Shure, SMS Audio, Sol Republic, Urbanears, and Westone Laboratories.
A more detailed analysis is available in the Technavio report titled, ‘Global Headphone Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Smart Headphones Market 2016-2020
- Global Bluetooth Speaker Market 2016-2020
- Global Mobile Device Accessories Market 2016-2020
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