The earphone and headphone market will witness a healthy growth from 2013–2023, a research report suggests. Growing at a CAGR of 9%, the market is projected to reach a high value by 2023. Increased integration of new technologies is expected to support the market growth along with rise in urban population. As predicted by analysts, supply and demand gaps will negatively affect the market’s performance from 2013–2023. During the forecast period, the market will be supported by the availability of substitutes and increase in disposable income.
A weak supply chain on the other hand will challenge audio devices sector based organizations functioning in the global earphone and headphone market. Analysts have split the market into type and applications segments based on products and services. Audio devices based companies have been profiled. The availability of substitutes is set to affect the global market during the forecast period 2013–2023. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of audio devices segment based organizations to help new entrants and established businesses. The audio devices sector itself is supported by the easy availability of alternative products as well as growing investments across different sectors. During the forecast period 2013–2023, the earphone and headphone market is set to witness a health growth across type and applications segments as well as regional markets.
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The prominent players of the Earphone and Headphone Market have a major role to play in helping both the domestic and the global market thrive for improvements and expansion during the forecast period on a global scale. The Earphone and Headphone Market players are as follows:
- Bose Corporation
- Bowers Wilkins
- Samsung Group
- Koninklijke Philips N.V.
- Xiaomi Corporation
- Zound Industries (Marshall)
- Motorola, Inc.
- Sennheiser electronic GmbH Co.
- Pakushve Marketing, LLC (BOAT)
- Skullcandy Inc.
- Sony Corporation of America
- Harman International Industries (JBL)
The audio devices sector has seen growth across type and applications segments owing to the increasing disposable income and the growing penetration of alternatives in the earphone and headphone market. To study the market, analysts have further segmented type and applications into type on the basis of wired earphone headphone and wireless earphone headphone. The earphone and headphone market is further segmented into applications sub segment which is split into corporate, fitness/sports, gaming and virtual reality, media entertainment, and others.
The segmental analysis presented in the report provides audio devices field based organizations insights into key growth factors such as the growing demand for alternatives as well as challenges such as the growing penetration of alternatives in the market the market will face from 2013–2023. The increasing spending power of consumers and the increasing demand for product substitutes are some of the key factors having an influence on audio devices industry based companies, suggest analysts as per the earphone and headphone market report. But the report also identifies the increasing demand for product substitutes and the availability of alternative solutions as major threats companies in audio devices will face till 2023.
Audio devices market based companies in the earphone and headphone market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing disposable income will be a key growth driver for regional markets. However, the weak supply chain will turn out to be a threat. For the forecast period 2013–2023 Each of these regional markets are studied in the report. Starting from North America, the regional market and audio devices vertical based companies are spread across the United States, Canada, and Mexico. Supply chain related problems will turn out to be a major challenge from 2013–2023.
Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the shifting consumer preference for alternative solutions as well as the increasing spending power of consumers, suggests the report. Similarly, the audio devices sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the earphone and headphone market covers the Middle East and Africa. Forecast based on the reports findings are presented for the forecast period till 2023.
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