Earphones and Headphones Market: Global Industry Analysis and Opportunity Assessment 2014

Global Earphones
and Headphones
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Report Description
Portable music systems such as smartphones, tablets, and portable music players are
experiencing significant growth in demand and this in turn is driving the growth of
earphones and headphones market. The global market for headphones and earphones is
anticipated to experience considerable growth over the coming years. In the recent
years, the technological advancements in headphones have led to minimization of the
overall weight of the headphone. Additionally, sophisticated noise cancellation features
in earphones and headphones have been aiding in the rising popularity of these devices.
Major technological developments in wireless such as Wi-Fi, Infrared (IR), SKAA and
Bluetooth are expected to continue driving the growth of earphone and headphones
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Shifting consumer trends toward the adoption of headphones/earphones during working
out is also giving a push to the growth of this market. Moreover, companies are targeting
youth through introduction of new and innovative features. The increasing availability of
low cost counterfeit products poses a significant challenge to the growth of earphones
and headphones market. In the Asian countries such as China, India, Taiwan and
Indonesia, there is a significantly large unorganized market for earphones and
headphones. This unorganized market often sells counterfeit and low standard products
at a significantly lower cost poses a serious challenge to the organized players in terms of
revenue and demand. Addition of features such as voice recognition represents a
significant future growth opportunity in this market.
Report Description
Based on product types, the headphone and earphone market includes wireless
speakers, wireless headphones, and microphones. The headphones can be further
categorized into in-ear buds, gaming headphones, over-ear headphones, wireless
headphones, and clip-on headphones. North America has been the leading market for
earphones and headphones owing to significantly large penetration of portable devices.
Further, the region also has significant demand for high end earphone and headphone
products leading to higher revenue generation. Asia Pacific is anticipated to be the fastest
growing market for earphones/headphones owing to boom in the portable/mobile
devices market in the recent years. The region is experiencing rapid growth in demand
for smartphones which is driven by increase in disposable income of a significantly large
population. The demand in the region is lead by the countries such as China, India, South
Korea, and Japan. Latin America is also expected to experience significant growth of
earphones and headphones market driven by growing number of portable devices in the
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Key players in this market include Sony Corp., Sennheiser Electronic GmbH & Co. KG,
Beats Electronics LLC, Shure, Inc., Bose Corporation, Grado Labs, Creative Technology
Ltd., Koninklijke Philips N.V., Klipsch Audio Technologies, Skullcandy, Plantronics, Inc.,
Pioneer Corp., Audio-Technica Corporation, Apple, Inc., Koss Corp., AKG Acoustics, and
Panasonic Corp., among others. The market for earphones and headphones is highly
fragmented and competitive. The market is experiencing continued emergence of newer
brands across various price categories.
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