World News: 13:28 GMT Wednesday 17th April 2019. [Acumen Research and Consulting via Globe Newswire via SPi World News]
LOS ANGELES, April 17, 2019 (GLOBE NEWSWIRE) -- The to grow at a noteworthy CAGR of around 8.1% during the period from 2018 to 2026. Some of the major factors behind these projections include the increased smartphone users globally and advantages such as ease in mobility offered by wireless headphones. Wireless headphones are being widely adopted by smartphone users as it offers advantages such as mobility and ease in installation. Wireless headphones are easily connected to television, speakers, smartphones etc.
The market growth for wireless headphones is likely to be hampered due to its high cost compared to wired headphones. However, the manufacturers of wireless headphones have huge growth opportunities during the forecast period owing to the increasing number of smartphone users in emerging economies such as Asia Pacific and Latin America. As per industry experts approximately 60% of the Brazil population is reported to be smart phone users. It is estimated that by 2022, India is likely to have 829 million smartphone users in the country. These trends are anticipated to boost the market for wireless headphones during the next five years.
Wireless headphones market has been segmented based on type, connectivity, application, market type, and distribution channel. Based on type the market has been divided into earbud earphone and canal earphone. Based on connectivity, Wi-Fi and Bluetooth are the two segments for global wireless headphone market. Music & entertainment, sports & fitness, gaming & virtual reality are the various applications of wireless headphone market . Based on market type, the global wireless headphones market has been bifurcated into mobile inbox market and mobile aftermath. Based on distribution channel, the market has been segmented into online stores and offline stores. Hypermarket/supermarkets, multi-brand electronic stores, and exclusive showrooms are the further breakdown of offline distribution channel for wireless headphones market.
The report focuses on the regional markets including North America, Europe, Asia-Pacific, and Rest of the World. Among these markets, North America was the largest market for wireless headphones in 2013 mainly due to the high usage of wireless headphones in the region.
Asia Pacific is anticipated to be the most attractive market for wireless headphones market during the forecast period owing to the increasing number of smartphone users in countries such as India, Malaysia, Taiwan, and China. As per Chinese government, in 2018 57.7 percent of the country’s population are smartphone users. It is projected that by 2021, the number of smartphone users is likely to reach 1.81 billion in the Asia Pacific region. The growth in smartphone users is anticipated to support the growth in the wireless headphones market during the forecast period. South Korea, Taiwan, and Hong Kong are witnessed to have the maximum smartphone users in coming five years.
On the basis of connectivity, the global wireless headphones market is segmented into wifi and bluetooth. Bluetooth was the largest revenue generator for global wireless headphone market in 2013. Bluetooth accounted for largest share as they offer advantages such as ease in mobility and installation. Bluetooth was preferred more over wifi as the users didn’t have to spend extra money on getting a bluetooth connection like in the case of wifi.
Some of the key players profiled in the report include Apple Inc., Xiaomi, Jabra, SkullCandy Inc., Panasonic, Sony Electronics, OnePlus, Bose Corporation, Samsung Group, Harman International Industries, Nokia, Motorola Inc, and Sennheiser electronic GmbH & Co. Most of the key players have adopted the strategy such as merger & acquisition, new product launch, and expansion in order to have a strong foothold in the market.
Globe Newswire: 13:28 GMT Wednesday 17th April 2019
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