The global earphones & headphones market size is expected to reach USD 15.80 billion by 2025 registering a CAGR of 5.9%, according to a study conducted by Grand View Research, Inc. Rising usage of smartphones, tablets, and other handheld electronic devices is expected to be the key factor driving the market. Increasing popularity and online streaming of music is also one of the factors expected to boost the market growth. In addition, technological advancements pertaining to noise cancellation is expected to fuel the market growth. Growing demand for affordable products equipped with advanced features has compelled manufacturers to focus more on innovation and product differentiation.
Furthermore, due to rising awareness about fitness, manufacturers are also developing products that are equipped with fitness tracking and monitoring features. For instance, in October 2018, Bose Corporation introduced its Bose SoundSport Pulse wireless headphones, which can be paired with Bluetooth, are sweat proof, and are capable to track heartrate while performing any activities at the gym. Rising demand for fashionable and trendy products coupled with increasing popularity of smart headphones is also likely to augment market growth. In addition, increasing product usage at workplaces is anticipated to fuel the demand further. However, growing availability of counterfeit products is one the major challenges that may affect the earphones & headphones market growth.
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Grand View Research has segmented the global earphones and headphones market on the basis of product, price, technology, application, and region:
Earphones & Headphones Product Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
Earphones & Headphones Price Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
Earphones & Headphones Technology Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
Earphones & Headphones Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
Earphones & Headphones Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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