Headphone sharer8/11/2023 “Growing Adoption of Technologically Advanced Products in India to Spur Market Value” Why is India Witnessing Positive Growth in Earphone and Headphone Sales? As a result, businesses have been driven to upgrade their earphone product offerings in order to attract more customers. To achieve unique marketing positioning and retain strong consumer interaction, companies are stressing the improvement of earphone technology, especially Bluetooth earbuds, and Bluetooth wireless accessories. The growing trend of mobile shopping, e-banking, and Bring Your Own Device (BYOD) is driving demand for smartphones and tablets, which, in turn, is boosting demand growth for earphones and headsets in the USA “Advancements in Earphone Technology to Propel USA Market Expansion”īecause of developments in earphone technology, earphone and headphone sales in the United States are expected to rise at a high CAGR. Overall, the global earphone and headphone industry is projected to expand at 7.9% CAGR from 2022 to 2028.Ĭountry-wise Analysis Where Does the USA Stand in the Global Market for Earphones and Headphones? Demand for advanced earphones and headphones will only increase as cities grow larger, commutes become longer, and podcasting networks translate into self-sustaining businesses.Ĭontinuous launches of advanced earphones and headphones, which include waterproof earphones, are expected to support global earphone and headphone market growth during the forecast period The pervasive trend from 'wired to wireless' earphones and headphones integrated with Bluetooth technology is evident, as battery technology advances and USB-C becomes the new charging standard. Integrated streaming and touchscreen displays are touted to be the next advancement in earphone and headphone technology, syncing well with the aim of brands to be distinguishable with style. Thus, the strengthening of distribution channels and expansion of marketing platforms for various products are assisting the growth of the audio devices market in terms of value.Īdvances in earphones and headphones have been faster than any other tech, with better batteries and voice assistants fast being integrated. To gain a competitive advantage in the earphone and headset market, key providers largely rely on strong distribution channels, such as multi-brand distributors and retailers of earphones and headsets, to improve the availability of their products. As the usage of mobile devices has increased, demand for earphones and headsets has also increased in parallel. Over the past few years, there has been significant growth in the sales of smartphones and mobile phones across the world, especially in developing countries. The global earphone and headphone market witnessed a growth rate of 7.1% from 2013 to 2021. After the recovery from the pandemic, there increase in sales of smartphones which going to boost the earphone and headphone market.Įarphone and Headphone Demand Analysis from 2013 to 2021 Vs Market Projections for 2022 to 2028 Because there is a decline in the consumption of consumer electronics. In addition, compared to H1, 2022 (O) over H1, 2021 Actual (A) also reflects a decline of 160 units. After the pandemic, there is a decline in the purchasing power of the people, and there is severe supply chain destruction throughout the world. The key reason for the decline is the covid-19 pandemic. These gadgets are in high demand worldwide due to their low cost and user-friendliness.Īccording to FMI analysis, the variation between the BPS values observed in the digital power conversion market in H1, 2022 – Outlook (O) over H1, 2022 Projected (P) reflects a decline of 40 units. Technological improvements in the sectors of earphones and headphones, such as the introduction of active noise cancellation, which improves customers’ listening experience, are projected to drive market expansion. How The Market Progressed Till June 2022? Market Statistics
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