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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Conclusion
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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.
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.
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)
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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