About Earbuds
The global earbuds market is expected to grow at a significant pace during the forecast period owing to the factors such as rising demand for wireless earbuds, rising consumer spending on luxury goods propelled by rising per capita income across emerging economies such as India and other Asian countries. Moreover, increasing penetration of smartphones and rising demand for accessories of different price ranges across high population countries such as China and India are some of the other factors expected to drive the demand for earbuds market during the forecast period.The Earbuds market is an exciting space with immense growth potential. Understanding the key drivers, trends, and challenges will help you stay ahead of the curve and capitalize on the opportunities this thriving market offers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Earbuds market is a dynamic and competitive space with diverse players offering a wide range of options to cater to different needs and budgets. Innovation, strategic partnerships, and focus on specific niches are key drivers for success in this thriving market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Earbuds market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc. (United States), Bose Corporation (United States), Gonoise (India), Google LLC (United States), Jabra (Denmark), Motorola (United States), NUHEARA LIMITED (Australia), Samsung (South Korea), Sennheiser electronic GmbH & Co. KG (Germany) and SONY ELECTRONICS INC. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Alpha Audiotronics (United States), Avanca International BV (The Netherlands), Bang & Olufson (Denmark), Crazybaby (United States), Huawei Device Co., Ltd. (China), Jaybird (Switzerland), Meizu Telecom Equipment Co., Ltd. (China), Mymanu (England), Rowkin (United States) and Waverly Labs (United States).
Segmentation Overview
AMA Research has segmented the market of Global Earbuds market by Type (In-Ear and On-Ear/Over Ear), Application (Fitness, Gaming, Virtual Reality, Music & Entertainment and Others) and Region.
On the basis of geography, the market of Earbuds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Wired will boost the Earbuds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Price Range, the sub-segment i.e. Low will boost the Earbuds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Earbuds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Earbuds Along With Voice Assistant Features Such As Siri and Alexa is Generating High Demand Among the Users and Introduction of Noise Cancelling Featured Earbuds
Market Growth Drivers:
Growing Demand for Wireless Earbuds, Introduction of Smart Earbuds With Touch And Other Features and Increasing Luxury Spending Propelled By Rising Disposable Income
Challenges:
Lower Ratio of Playback Time to Charging Time
Restraints:
High Cost of Earbuds
Market Leaders and their expansionary development strategies
In May 2023, Tidal and Master & Dynamic has entered into the partnership. This exclusive partnership offered high-fidelity audio streaming with Master & Dynamic's MW7 Wireless earphones. Tidal's lossless audio quality paired perfectly with the premium sound of Master & Dynamic's earbuds, catering to audiophiles seeking the best possible listening experience.
In November 2023, Microsoft Surface Earbuds 2 Integrated Microsoft Office features, immersive sound, and comfortable fit. Microsoft Surface Earbuds 2 represent a bold step towards integrating earbuds into our productivity workflows.
Analyst View
High demand for earphones and heaphones have been recorded in recent years owing to rising disposable income and inceasing consumer spendings for luxury goods and as well as electronic items. The demand for earbuds is booming rapidly among the customers and the companies are also trying to come up with new product compiled with new technologies such as voice assistant features in smart earbuds. Moreover, the demand for smart wearables is also increasing for the products such as fitbit or smartwatches which is also expeted to boost the demand for accessories such as wireless earbuds globally.
Key Target Audience
Audiophiles, Tech enthusiasts, Gamers, Casual listeners and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.