Press release
Smart Headphones Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects and Forecast To 2033
Smart Headphones Market
The Business Research Company offers in-depth market insights through Smart Headphones Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The smart headphones market size has grown exponentially in recent years. It will grow from $10.94 billion in 2023 to $13.27 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to wireless connectivity demand, integration of AI assistants, rise of wearable technology, customizable listening experiences, fitness and health tracking.
The smart headphones market size is expected to see exponential growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to advancements in biometric sensing, integration with augmented reality (AR), focus on sustainable materials, enhanced battery life and charging solutions, application in remote work and learning. Major trends in the forecast period include focus on fitness and wellness integration, wireless connectivity innovations, sustainability and eco-friendly materials, augmented reality (AR) and virtual reality (VR) integration, gesture and touch controls.
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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
Major Driver - Surging Demand For Smart Headphones Fueled By Increased Penetration Of Smart Devices
The rising penetration of smart devices is expected to propel the growth of the smart headphones market. A smart device is an electronic device that can share, connect, and interact with other smart devices and users. The increasing penetration of smart devices such as tablets, smartphones, laptops, streaming media players, smart TVs, and other multimedia devices will promote the demand for accessories such as smart headphones. For instance, in March 2022, according to the Cybercrew article, a UK-based company association of tech-obsessed people that works on computers, mobile phones, and gaming, around 87% of adults owns smartphones in the year 2020 and with a global smartphone penetration rate of 78.9%, the UK is ranked second. Additionally, 72% of people in the UK had access to mobile internet in 2020, and in 2021, 97.5% of people used smartphones to access their social media handles. Therefore, the rising penetration of smart devices will drive the growth of the smart headphones market.
Competitive Landscape:
Major companies operating in the smart headphones market report are 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
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Top Trend - Smart Headphone Market With Enhanced Design And Advanced Features
Major companies operating in the smart headphone market are focused on developing innovative products such as the WH-1000XM5 to stay competitive and meet the growing demand for smart headphones. The WH-1000XM5 is a wireless noise-canceling headphone model that has a more modern and refined look, with a thinner headband and a single stem running down the center. For instance, in May 2022, Sony Group Corporation., a Japan-based corporate group company, announced the WH-1000XM5 headphones. These headphones feature a new design, improved sound quality, and enhanced noise cancellation capabilities. The WH-1000XM5 headphones have a more modern and refined look, with a thinner headband and a single stem running down the center. They also have a newly developed driver, DSEE Extreme, and Hi-Res audio support, providing excellent audio quality. Moreover, these headphones are equipped with two processors controlling eight microphones for unprecedented noise cancellation and exceptional call quality.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Headphones Market Characteristics
3. Smart Headphones Market Trends And Strategies
4. Smart Headphones Market - Macro Economic Scenario
5. Smart Headphones Market Size And Growth
…..
27. Smart Headphones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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