• Stacy Lawlor

Global Earphones and Headphones Market Size to grow $45.2 Bn in 2028

The Global Earphones and Headphones Market Size was valued at USD 25.1 Bn in 2021. The market is projected to grow USD 45.2 Bn in 2028, at a CAGR of 11.63%.

Earphones and Headphones Market

The primary driver for the adoption of global earphones and headphones market is driven by rising penetration of smartphones and increasing internet. Improved living standards and high purchasing power among emerging countries also drive the earphones and headphones market. The coupling with advanced technologies, such as AI and touchless sensors, will impel the market growth of earphones & headphones market. Through this advancement, enterprises are developing features such as sound quality, active noise cancellation, battery life, and on-device control usability. Increasing usage of earphones and headphones in the media & entertainment will attribute to the market size of global earphones and headphones market.

Earphones and Headphones Market
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The introduction of a new launch in product portfolio in the wireless earphones & headphones market will accelerate the earphones and headphones market. The industry players are expanding their portfolios to offer consumers improved battery life, connectivity range, and sound quality capabilities. Apple Inc, Sony Corporation, and Audio-Technica Corporation are focusing on expanding their industry reach across different demographics in order to serve a diverse range of customers. This factor has aided the companies to make a strategic move by mergers and acquisitions in the industry. For instance, In Feb 2022, Philips has launched TAT4506BK true wireless earphones with Active Noise Cancelling (ANC) in India.


The growing adoption of e-commerce platforms might augment the global earphones and headphones market. Consumers are shifting toward online shopping websites for the purchase of electronic goods and to avail ongoing price discounts & home delivery services. The rising consumption of Over-The-Top (OTT) platforms has aided the demand in the coming years. This factor will increase technology requirements for an enhanced sound experience. The affordability and accessibility of advanced audio listening devices has increased in the country as new companies such as Realme Chongqing Mobile Telecommunications Corp., Ltd. and Xiaomi Corporation have entered the market by offering low and medium range earphones with pocket friendly features. Furthermore, the increasing use of Over-The-Top (OTT) platforms has aided the industry's growth. Companies are creating new product lines to meet the rising demand.


The North America region is dominating the market share of global earphones and headphones market owing to the technological advancements and rising video gamers across the region. People are most centric with sports and fitness are creating the demand of earphones and headphones.

Earphones and Headphones Market
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The Asia Pacific region is held to have the largest CAGR in global earphones and headphones market owing to the increased usage of smartphones and rising internet by millennials. As India and China are the most populated countries of the world. In addition, players like Oppo, Vivo, Oneplus, and Xiaomi in the earphones and headphones market in India is witnessing higher market share. For instance, in January 2022, Urbanista, Swedish audio brand, launched a solar powered headphone in India. The product includes true wireless earphones, active noise cancelling headphones, and the Bluetooth speakers.


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https://extrapolate.com/Semiconductor-Electronics/earphones-and-headphones-market/21585



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