Industry Background:
The global Smart Headphones market is expected to witness high demand in the forecasted period due to an increase in the penetration of infotainment devices. The smart headphone is a device, which performs various advance functions including voice-based personal assistants, contextual location-based suggestions, fitness & heart rate tracking, environment-based noise suppression or audio enhancement, and gesture & touch-based control. Enhanced features offered by these devices including water resistance, noise cancellation, and high-definition (HD) sound format is anticipated to drive industry growth over the next few years. Evolving consumer preference coupled with growing purchasing power may result in the substantial adoption of smart headphones over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Bose Corporation (United States), Apple Inc. (United States), Sennheiser Electronic (Germany), Sony (Japan), Skullcandy (United States), Samsung Electronics (South Korea), Bragi (Germany), LG Electronics (South Korea), JBL (Harman International Industries, Incorporated) (United States) and Koninklijke Philips N.V. (Netherlands) |
According to AMA, the market for Smart Headphones is expected to register a CAGR of 20.2% during the forecast period to 2028. This growth is primarily driven by High Adoption of Wireless Devices and The Upsurge in Need for Mobility Services.
Globally, a noticeable market trend is evident Customer’s Increasing Need for Convenience
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Bose Corporation (United States), Apple Inc. (United States), Sennheiser Electronic (Germany), Sony (Japan), Skullcandy (United States), Samsung Electronics (South Korea), Bragi (Germany), LG Electronics (South Korea), JBL (Harman International Industries, Incorporated) (United States) and Koninklijke Philips N.V. (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key players are adopting various strategies to upgrade their market share. Key players emphasize on expanding their market presence and provide competitive audio solutions with high noise cancellation and better connectivity. R&D investment is significantly high in the market as manufacturers constantly try to develop breakthrough technologies in an attempt to provide state of the art products to meet evolving consumer needs.
Key Developments in the Market:
On 29th October 2019, Apple has announced AirPods Pro, an exciting addition to the AirPods family that features Active Noise Cancellation and superior, immersive sound, in an all-new lightweight, in-ear design.
On 29th May 2019, Bose has ushered in a new era of headphones with the wireless Noise Cancelling Headphones 700, featuring the biggest leap forward in headphones since the iconic QuietComfort. The new Bose 700s introduces a revolutionary new voice interface that redefines mobile communication the way Bose noise cancellation redefined mobile audio.
Influencing Trend:
Customer’s Increasing Need for Convenience and Growing Health Concerns and Increasing Acceptance Across the Sports Sector
Market Growth Drivers:
High Adoption of Wireless Devices and The Upsurge in Need for Mobility Services
Challenges:
Headphone Get Easily Damage
Restraints:
Adverse Effect on Hearing Ability due to Overuse of Headphones
Opportunities:
Growth in advancements in technology is projected to offer lucrative opportunities for the smart headphone market. Implementation of various technologies including Wi-Fi, noise-canceling technology, Bluetooth/NFC speakers, fitness & heart rate tracking, language translation, contextual location-based suggestions, voice-based personal assistants, and gesture & touch-based control has led to increasing in the adoption of smart headphone across domestic and commercial sectors.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Smart Headphones Market
- Analysis about New Entrants in Smart Headphones Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Smart Headphones Study Sheds Light on
The Smart Headphones Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Headphones industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Headphones industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.