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Smart Headphone Market Size, Industry Analysis Report By Type (In Ear, On Ear, Over Ear), By Connectivity (Wired, Wireless), By Distribution Channel (Online, Offline) & Region - Forecasts By 2033

  • PUBLISHED ON
  • 2024-10-08
  • NO OF PAGES
  • 253
  • CATEGORY
  • Electronics & Communication

Market Overview

The global smart headphone market was worth USD 9,900 million in 2022 and is poised to amplify with a CAGR of 20.1% over 2023-2033, thereby amassing a valuation of USD 50,100 million by end of the assessment timeline.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 9,900 Million

Market Forecast in 2033

USD 50,100 Million

CAGR % 2023-2033

20.1%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product type, end-user industry, company share, company heatmap, company Material Technology type capacity, growth factors and more

Segments Covered

type, Connectivity, Distribution Channel

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Bose Corporation, Bowers & Wilkins, Samsung Group, Koninklijke Philips N.V., Xiaomi Corporation, Zound Industries (Marshall), Motorola Inc., Sennheiser electronic GmbH & Co., Pakushve Marketing LLC (BOAT), Skullcandy Inc., Sony Corporation of America, and Harman International Industries (JBL)

 

Smart Headphone Market: Description

Smart headphones are referred to as a type of high tech hearable devices that are equipped with a wide array of features other than just audio transmission. These devices can be easily connected to our mobile phones or computers using the Bluetooth feature. Smart headphones encompass various advanced features including built-in voice assistants, HD sound formats, language translation, water resistance, noise cancellation, fitness tracking, gesture recognition and touch based control facilities along with contextual location-based audio suggestions, among others.

The widespread internet penetration across the globe along with rising popularity of infotainment devices are the primary factors augmenting the outlook of this marketplace. Alongside, the increasing adoption of smartphone is adding traction to the industry development. Furthermore, prompt technological advancements in the field, increasing R&D activities along with growing disposable income of the masses are creating lucrative opportunities for the business sphere to prosper.

Also, escalating demand for mobility services coupled with the rising focus of industry players to develop and launch innovative products in the field are positively swaying the dynamics of this market vertical. Besides, the booming consumer electronics sector and increase in the millennial population base are adding traction to the overall market growth. Moreover, there has been a growing adoption of light and portable smart headphones among fitness and sports enthusiasts worldwide. This in turn is stimulating the overall dynamics of the overall business sphere.

On the flipside, over usage of headphones might have adverse effects on the hearing ability of an individual. This is one of the primary factors hindering the remuneration scope of this market. Additionally, fluctuation in the raw material costs is further slowing down the industry progression.

With rapid technological innovations in the field, market players have integrated a wide array of advanced features into their smart headphone ranges. Features such as language translation, noise cancellation, touch and gesture based control, and fitness tracking among others, have increased product adoption among the millennial population. This is turn is augmenting the outlook of this business sphere.

The widespread economic developments across the globe have led to a prompt increase in the per capita income of the masses. This in turn has enhanced their purchasing power. Smart headphones are integrated with various advanced features making them highly expensive in nature. Therefore, these products are easily affordable for the individuals having a generous income level. These factors are fueling the progression of this market vertical.

Smart Headphone Market- Segmental Analysis:

Type Insights

The in ear segment is poised to amass notable gains over the estimated timeframe owing to portable nature and ease of use pertaining to in ear smart headphones.

Connectivity Insights

The wireless segment is expected to generate significant returns over the forecast duration due to the convenience offered by them. These headphones are portable and are highly adopted in the gaming and entertainment sector

Distribution Channel Insights

The online segment is anticipated to grow considerably over the analysis period ascribing to the rising consumer inclination towards online shopping platforms. This is powered by the wide array of benefits offered by online shopping channels including doorstep delivery, discounts, and return/refund options.

Regional Insights

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is reckoned to gain a substantial revenue share over the forecast period. This is attributable to the booming consumer electronics industry, rising per capita income of the masses, and the presence of potential players in the region.

Also, North America is projected to showcase lucrative growth trends over the stipulated timeline due to rapid technological advancements in the field, growing disposable income of individuals, and elevating demand for mobility devices powered by hectic lifestyle of the masses.

Competitive Analysis

The prominent players characterizing the competitive terrain of this marketplace are Bose Corporation, Bowers & Wilkins, Samsung Group, Koninklijke Philips N.V., Xiaomi Corporation, Zound Industries (Marshall), Motorola Inc., Sennheiser electronic GmbH & Co., Pakushve Marketing LLC (BOAT), Skullcandy Inc., Sony Corporation of America, and Harman International Industries (JBL).

Notably, in April 2022, The Olive Union announced the launch of its latest AI-powered wireless headphones and hearing aids range. It is equipped with the ability to facilitate automatic sound optimization according to the user’s environment.

Smart Headphone Market- Segmental Analysis

By Type

·         In Ear

·         On Ear

·         Over Ear 

By Connectivity

·         Wired

·         Wireless 

By Distribution Channel

·         Online

·         Offline 

1.       Global Smart Headphone Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Smart Headphone Market Scope and Market Estimation

1.2.1.Global Smart Headphone Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.Global Smart Headphone Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1.Type of Global Smart Headphone Market

1.3.2.Connectivity of Global Smart Headphone Market

1.3.3.Sales Channel of Global Smart Headphone Market

1.3.4.Region of Global Smart Headphone Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Smart Headphone Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Smart Headphone Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Smart Headphone Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Smart Headphone Market

3.8.   Impact of Economic Downturn on Smart Headphone Market

3.9.   Smart Headphone Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Smart Headphone Market Estimates & Forecast Trend Analysis, by Type

4.1.    Global Smart Headphone Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Type, 2019 to 2033

4.1.1.In Ear

4.1.2.On Ear

4.1.3.Over Ear   

5.       Global Smart Headphone Market Estimates & Forecast Trend Analysis, by Connectivity

5.1.    Global Smart Headphone Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Connectivity, 2019 to 2033

5.1.1.Wired

5.1.2.Wireless

6.       Global Smart Headphone Market Estimates & Forecast Trend Analysis, by Sales Channel

6.1.    Global Smart Headphone Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Sales Channel, 2019 to 2033

6.1.1.Online

6.1.2.Offline

7.       Global Smart Headphone Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Smart Headphone Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1.North America

7.1.2.Europe

7.1.3.Asia Pacific

7.1.4.Middle East & Africa

7.1.5.South America

8.       North America Smart Headphone Market: Estimates & Forecast Trend Analysis

8.1.    North America Smart Headphone Market Assessments & Key Findings

8.1.1.Smart Headphone Market Introduction

8.1.2.Smart Headphone Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2033)

8.1.2.1.   By Type

8.1.2.2.   By Connectivity

8.1.2.3.   By Sales Channel

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.       Europe Smart Headphone Market: Estimates & Forecast Trend Analysis

9.1.    Europe Smart Headphone Market Assessments & Key Findings

9.1.1.Smart Headphone Market Introduction

9.1.2.Smart Headphone Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2033)

9.1.2.1.   By Type

9.1.2.2.   By Connectivity

9.1.2.3.   By Sales Channel

9.1.2.4.        By Country

9.1.2.4.1.     Italy

9.1.2.4.2.     Germany

9.1.2.4.3.     U.K.

9.1.2.4.4.     France

9.1.2.4.5.     Spain

9.1.2.4.6.     Rest of Europe

10.   Asia Pacific Smart Headphone Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.    Smart Headphone Market Introduction

10.1.2.    Smart Headphone Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)

10.1.2.1.    By Type

10.1.2.2.    By Connectivity

10.1.2.3.    By Sales Channel

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.   Middle East & Africa Smart Headphone Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Smart Headphone Market Introduction

11.1.2.   Smart Headphone Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)

11.1.2.1.    By Type

11.1.2.2.    By Connectivity

11.1.2.3.    By Sales Channel

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.   South America Smart Headphone Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   Smart Headphone Market Introduction

12.1.2.   Smart Headphone Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)

12.1.2.1.    By Type

12.1.2.2.    By Connectivity

12.1.2.3.    By Sales Channel

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.   Competition Landscape

13.1.  Smart Headphone Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Smart Headphone Market Competition White Space Analysis, By End-user

13.3.  Smart Headphone Market Competition Regional Intensity Map Analysis, By Geographies Served

13.4.  Smart Headphone Market Concentration & Company Market Shares (%) Analysis, 2022

14.   Company Profiles

14.1.Bose Corporation,

14.1.1.    Company Overview & Key Stats

14.1.2.    Financial Performance & KPIs

14.1.3.    Product Portfolio

14.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.Bowers & Wilkins

14.3.Samsung Group, 

14.4.Koninklijke Philips N.V

14.5.Xiaomi Corporation

14.6.Zound Industries (Marshall),

14.7.Motorola Inc.

14.8.Sennheiser electronic GmbH & Co

14.9.Sony

14.10.   Harman International Industries (JBL)

14.11.   Others**

15.   Research Methodology

15.1.      External Power Outputs / Databases

15.2.      Internal Proprietary Database

15.3.      Primary Research

15.4.      Secondary Research

15.5.      Assumptions

15.6.      Limitations

15.7.      Report FAQs

16.   Research Findings & Conclusion

 

 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

The global smart headphone market was worth USD 9,900 million in 2022 and is poised to amplify with a CAGR of 20.1% over 2023-2033, thereby amassing a valuation of USD 50,100 million by end of the assessment timeline.

What are the drivers shaping various markets?

Smart Headphone escalating demand for mobility services coupled with the rising focus of industry players to develop and launch innovative products in the field are positively swaying the dynamics of this market vertical. Besides, the booming consumer electronics sector and increase in the millennial population base are adding traction to the overall market growth.

Who are the key competitors of market Players?

Some of the major players operating within the market are Bose Corporation, Bowers & Wilkins, Samsung Group, Koninklijke Philips N.V., Xiaomi Corporation, Zound Industries (Marshall), Motorola Inc., Sennheiser electronic GmbH & Co., Pakushve Marketing LLC (BOAT), Skullcandy Inc., Sony Corporation of America, and Harman International Industries (JBL)

What are the top performing segments, and countries / regions of each of the markets?

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is reckoned to gain a substantial revenue share over the forecast period. This is attributable to the booming consumer electronics industry, rising per capita income of the masses, and the presence of potential players in the region.

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