Earphones And Headphones Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 61.92 Billion |
| Market Size (2029) | USD 106.68 Billion |
| CAGR (2024 - 2029) | 11.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Earphones And Headphones Market Analysis
The Earphones And Headphones Market size is estimated at USD 61.92 billion in 2024, and is expected to reach USD 106.68 billion by 2029, growing at a CAGR of 11.5% during the forecast period (2024-2029).
- Several factors, such as consumers' rising disposable incomes and increasing music listening activities, such as voice calls, watching TV/movies/videos, gaming, video calls, and listening to podcasts, have significantly contributed to the market's growth.
- As artificial intelligence technology continues to advance, smartphones are seeing innovations, including the emergence of multiple cameras. With the introduction of smartphones, when multi-camera smartphones gained enormous market traction, more smartphones began to introduce quad-camera or five-camera models. Multiple smartphone cameras have enabled the development of new features such as zoom, better HDR (high dynamic range), portrait modes, 3D, and low light photography.
- Active noise cancellation is a method of reducing background noise in headphones and other audio devices. It uses a digital signal processor and two microphones to detect noise and produce a sound wave with the same amplitude but in the opposite phase to the noise it detects. The most well-known type of active noise cancellation uses microphones and speakers. This is most commonly used for over-ear headphones, but the technology is now so small and battery-efficient that it can also be used for truly wireless in-ear headphones.
- Long-term exposure to electromagnetic waves emitted by headphones can pose risks to the brain. Prolonged exposure to high decibel levels can damage the insulation of nerve fibers transmitting signals from the ear to the brain. Additionally, ear infections have the potential to impact brain health. Excessive noise can elevate pressure in the ear canal, leading to dizziness. Furthermore, since earphones are inserted directly into the ear canal, they can impede airflow, raising the likelihood of ear infections. Over time, consistent use of earphones fosters bacterial growth. These bacteria can linger on the earphones and, with continued use, lead to ear infections.
- A digital touchscreen enables voice assistant commands, interactive gesture controls, custom album art displays, and standalone music searches. For instance, in January 2024, TPV Technology launched the Philips TAH8506BK in India. The on-ear wireless headphones are available for purchase on Amazon India and selected retail stores. The headphones comprise hybrid active noise canceling technology and swipe-based touch controls. Also, the headphones support fast charging and deliver up to 60 hours of playtime.
- According to the Bureau of Labor Statistics, the US manufacturing sector’s output reduced by 0.1% in the third quarter of 2023. In the durable manufacturing industry, productivity declined by 5.6%, with a 3.2% decrease in output and a 2.5% increase in hours worked in Q1 2023. The non-durable manufacturing industry’s productivity increased by 1.3% as output increased by 1.4%, and hours worked remained unchanged. The manufacturing sector’s productivity overall decreased by 1.6% from the first quarter of 2022. The decreased output of the manufacturing sector is expected to hamper the market’s growth.
Earphones And Headphones Market Trends
Consumer Applications Segment to Witness Significant Market Growth
- The consumer applications segment of the global earphones and headphones market has experienced significant growth and change in an era dominated by technology and personalization. Headphones have evolved from wired to wireless and from basic to smart, becoming essential for modern consumers with various preferences and requirements. This upward trend will persist as manufacturers strive to improve battery life, sound quality, and connectivity range.
- Headphones are commonly utilized in consumer applications alongside stationary CD and DVD players, home theaters, personal computers, and portable devices such as digital audio players/MP3 players and mobile phones, as long as these devices possess a headphone jack. Consumers are actively searching for headphones that offer an immersive auditory experience, whether on the go, working, or simply indulging in music. The increasing sales of smartphones and the expanding base of music listeners are anticipated to amplify the utilization of headphones and earphones further.
- Headphones and earphones are now familiar sights across planes, trains, and automobiles, in the gym, workplace, and even in bed or while watching television. The demand for enhanced listening experiences has led to a significant expansion of the earphones and headphones market. This growth is not limited to a specific region, as digital entertainment is gaining popularity worldwide. The rise of consumer electronics, such as digital cameras, portable music players, and game consoles, has also played a role in driving the industry's growth. In particular, the gaming industry has witnessed an increasing preference for advanced audio technologies, making headphones and earphones increasingly popular among gamers.
- Wireless headphones, especially true wireless earbuds, have become the focal point in consumer applications. The removal of tangled wires and the ease of Bluetooth connectivity have propelled the demand for wireless options. This trend is projected to persist as manufacturers improve battery longevity, sound fidelity, and range of connectivity. These headphones frequently offer uncomplicated pairing procedures, enabling users to effortlessly connect them to various consumer devices like mobile phones, computers, or laptops. As a result, numerous companies are harnessing this technology and pioneering diverse products.
- With the increasing adoption of hybrid work, it is crucial for employees to have access to high-quality technological solutions that facilitate work from any location. In line with this, in October 2023, Cisco and Bang & Olufsen introduced innovative true wireless earbuds designed for constantly moving professionals. This collaboration aims to offer customers exceptional audio experiences, whether working from home or the office or while traveling. The Bang & Olufsen Cisco 950 boasts a sophisticated design and superior sound quality and incorporates advanced security and management features, ensuring a seamless and secure user experience. Such developments are expected to increase the applications of earphones and headphones.
- The expanding smartphone industry and mobile sales are expected to have a positive impact on market growth. The global smartphone market is expected to grow over the coming years due to several influential factors. These factors include the increasing accessibility of the internet, the rising marketing endeavors by smartphone manufacturers, and the growing number of subscriptions to social media platforms. Ericsson had estimated that smartphone mobile network subscriptions worldwide would reach nearly 6.4 billion in 2022. The subscriptions are projected to surpass 7.7 billion by 2028.
North America Registering a Significant Market Share
- The growth of the gaming industry in the region is a significant factor driving the North American earphones and headphones market. Listening and talking to other players is required in most online games, which drives more gamers to own headphones, resulting in increased product consumption.
- Furthermore, the increasing number of smartphone users is a driving factor for market growth because smartphones can be connected to devices to listen to music or speech with focus. According to the Consumer Technology Association, the retail revenue of consumer electronics in the United States is significantly increasing. In 2023, consumer electronics retail sales in the United States reached USD 485 billion.
- Many organizations across North America have implemented BYOD policies to leverage the benefits of employee-owned devices. This trend is particularly prevalent in IT, finance, healthcare, and professional services. Enterprises are increasingly recognizing the potential benefits of BYOD, including enhanced productivity, reduced costs, and improved employee satisfaction.
- Moreover, various players in the market are inventing new products in the country, further propelling the market’s growth. For instance, in December 2023, the buzzed-about headphones from Dyson were launched in Canada. Dubbed the Dyson Zone, the noise-canceling headphones offer pure audio and advanced noise cancellation, with up to 50 hours of listening on a full charge and ultralow distortion, according to the brand.
- Further, in November 2023, the iPhone 15 Pro Max, Galaxy S23 Ultra, Pixel 8 Pro, and Nothing Phone (2) were launched in Canada. Such expansions in the smartphone market may further propel the market’s growth.
Earphones And Headphones Industry Overview
The earphones and headphones market is fragmented, with the presence of major players like Sony Group Corporation, Skullcandy Inc., Sennheiser Electronic GmbH & Co. KG (Sennheiser), Harman International Industries Incorporated, and Bose Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
- June 2024: German audio brand beyerdynamic launched new VERIO 200 open-ear true wireless earphones that offer a secure and comfortable fit, long-lasting battery life, and an app that provides customizable sound tuning.
- October 2023: Sony announced the introduction of INZONE Buds – new truly wireless gaming earbuds packed with Sony’s renowned audio technology designed to help users win games. INZONE Buds offers PC and console gamers an immersive gaming experience with personalized sound, unrivaled 12 hours of battery life, and low latency.
Earphones And Headphones Market Leaders
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Sony Group Corporation
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Skullcandy Inc.
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Sennheiser Electronic GmbH & Co. KG (Sennheiser)
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Harman International Industries Incorporated
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Bose Corporation
*Disclaimer: Major Players sorted in no particular order
Earphones And Headphones Market News
- July 2024: Dyson, the company known for its high-end home appliances and audio products, launched OnTrac, a new feature-packed wireless headphone with customizable earcups and cushions. According to the company, it has a custom Active Noise Cancellation (ANC) algorithm that comprises eight microphones and samples external sound 3,84,000 times in a second, which helps effectively reduce noise by up to 40 dB.
- October 2023: Shure partnered with musician TobyMac to enhance the sound quality for faith leaders with wireless audio solutions. Shure said it would be partnering with customers who want to create reliable audio environments that deliver an immersive and exciting worship experience, regardless of the church’s size, budget, or experience level.
Earphone and Headphone Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces' Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Technology Snapshot
4.5 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Proliferation of Smart Phones
5.1.2 Technological Advancements like Active Noise Cancellations to Drive the Market
5.2 Market Challenge
5.2.1 Growing Health Concerns
6. MARKET SEGMENTATION
6.1 By Type of Product
6.1.1 Headphones
6.1.2 Earphones
6.2 By Connectivity
6.2.1 Wired
6.2.2 Wireless
6.3 By Application
6.3.1 Consumer
6.3.2 Professional
6.4 By Geography***
6.4.1 North America
6.4.2 Europe
6.4.3 Asia
6.4.4 Australia and New Zealand
6.4.5 Latin America
6.4.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Sony Group Corporation
7.1.2 Skullcandy Inc.
7.1.3 Sennheiser Electronic GmbH & Co. KG (Sennheiser)
7.1.4 Harman International Industries Incorporated
7.1.5 Bose Corporation
7.1.6 Zebronics India Private Limited
7.1.7 Koninklijke Philips NV (Philips)
7.1.8 Panasonic Corporation
7.1.9 Pioneer Corporation
7.1.10 Apple Inc.
7.1.11 Grado Labs
7.1.12 JABRA Corporation
7.1.13 V-MODA LLC (Roland Corporation)
7.1.14 Shure Incorporated
7.1.15 Shenzhen Cannice Technology Co. Ltd
7.1.16 Yamaha Corporation
7.1.17 Beyerdynamic GmbH & Co. KG
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Earphones And Headphones Industry Segmentation
Headphones and earphones are electroacoustic transducers that allow a single listener to listen to a sound, unlike a loudspeaker, which plays audio for a wide range of listeners.
The study focuses on the market analysis of earphones and headphones worldwide and market size, which encompasses the revenue generated through earphones and headphones offered by the various players operating in the market. The study tracks key market parameters, underlying growth influencers, and major industry vendors, supporting market estimations and growth rates over the forecast period.
The earphones and headphones market is segmented by type of product (earphones and headphones), connectivity (wired and wireless), application (consumer and professional), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The report offers the market sizes and forecasts for all the above segments in value (USD).
| By Type of Product | |
| Headphones | |
| Earphones |
| By Connectivity | |
| Wired | |
| Wireless |
| By Application | |
| Consumer | |
| Professional |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Earphone and Headphone Market Research FAQs
How big is the Earphones And Headphones Market?
The Earphones And Headphones Market size is expected to reach USD 61.92 billion in 2024 and grow at a CAGR of 11.5% to reach USD 106.68 billion by 2029.
What is the current Earphones And Headphones Market size?
In 2024, the Earphones And Headphones Market size is expected to reach USD 61.92 billion.
Who are the key players in Earphones And Headphones Market?
Sony Group Corporation, Skullcandy Inc., Sennheiser Electronic GmbH & Co. KG (Sennheiser), Harman International Industries Incorporated and Bose Corporation are the major companies operating in the Earphones And Headphones Market.
Which is the fastest growing region in Earphones And Headphones Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Earphones And Headphones Market?
In 2024, the North America accounts for the largest market share in Earphones And Headphones Market.
What years does this Earphones And Headphones Market cover, and what was the market size in 2023?
In 2023, the Earphones And Headphones Market size was estimated at USD 54.80 billion. The report covers the Earphones And Headphones Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Earphones And Headphones Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What challenges does the Earphone and Headphone Market face?
Key challenges faced in the Earphones and Headphones Market are: a) Intense competition b) Rapid technological changes c) Need for continuous innovation
What challenges does the Earphone and Headphone Market face?
Key challenges faced in the Earphones and Headphones Market are: a) Intense competition b) Rapid technological changes c) Need for continuous innovation
Earphone and Headphone Industry Report
The Global Earphones and Headphones Market is witnessing remarkable growth, propelled by the surge in wireless technologies and a demand for high-quality audio devices. This growth is underscored by a shift towards wireless earphones and headphones, thanks to their convenience and the technological advancements in Bluetooth, Wi-Fi, AR, and VR, enhancing user experiences with immersive audio environments. Additionally, the market is tapping into fitness-conscious consumers by integrating features like fitness tracking and health monitoring, catering to the demand for durable, feature-rich audio devices.
This aligns with the rising popularity of streaming music services, podcasts, and audiobooks, making headphones and earphones essential for various activities. The competitive landscape sees manufacturers innovating and differentiating products to attract a larger customer base, with a notable surge in adoption in the Asia Pacific, driven by the young generation's preference for trendy designs and advanced features.
The headphones market share and trends are benefiting from the integration of health features and audio streaming services, fostering innovation and growth. For detailed statistics on the earphones and headphones market share, size, and revenue growth rate, Mordor Intelligence™ offers comprehensive industry reports, including market forecasts and historical overviews, available as a free report PDF download.
The market is segmented by type of product (earphones and headphones), connectivity (wired and wireless), application (consumer and professional), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The report offers the market sizes and forecasts for all the above segments in value.
Industry analysis indicates a strong upward trend, with market leaders driving innovation. Industry information and statistics highlight the growing market value and segmentation. The market outlook and predictions suggest continued growth, supported by detailed market research and review. The industry size and trends reflect the increasing demand, with market data and forecast providing a clear overview.
Research companies are actively exploring new opportunities, and industry sales are expected to rise significantly. The report example and report pdf offer valuable insights into market dynamics, making it a crucial resource for understanding the current and future market landscape.
