Earphone and Headphone Market Size, CAGR, Share & Forecast | FMI

Earphone and Headphone Market by Product Type (Earbuds, In-ear), Technology (Wireless, Wired) & Region - Forecast 2022 - 2028

The global earphone and headphone market is anticipated to reach US$ 22.3 billion in 2022 and US$ 35.2 billion by 2028, growing at a CAGR of 7.9% between 2022 and 2028. Earphone and headphone sales accounted for about 27% of the market for audio devices in 2021. In-ear headphones and earphones are anticipated to experience the greatest increase in demand over the following few years.

Technological developments in the earphone and headphone sectors, such as the introduction of active noise cancellation, which improves customers’ listening experiences, are predicted to fuel market growth. These gadgets are highly sought-after on a global scale because of their accessibility and user-friendliness.

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Competitive Landscape

Significant number of companies manufacturing earphones and headphones depend upon powerful sales channels, such as multi-brand distributors and retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry.

Key earphone and headphone manufacturing companies are focusing on providing high-tech products and entering into collaborations & partnerships with other earphone providers to offer enhanced devices and the best earbuds to penetrate new markets.

Key Companies Profiled

• Sony Corporation
• JVC Corporation
• Harman International Industries
• Bose Corporation
• Audio-Technica Corporation
• Skullcandy, Inc.
• Alclair Audio, Inc.
• Apple, Inc.
• Grado Labs

Earphone and Headphone Demand Analysis from 2013 to 2021 Vs Market Projections for 2022 to 2028

The global earphone and headphone market witnessed a growth rate of 7.1% from 2013 to 2021.

Over the past few years, there has been significant growth in the sales of smartphones and mobile phones across the world, especially in developing countries. As the usage of mobile devices has increased, demand for earphones and headsets has also increased in parallel.

To gain a competitive advantage in the earphone and headset market, key providers largely rely on strong distribution channels, such as multi-brand distributors and retailers of earphones and headsets, to improve the availability of their products. Thus, strengthening of distribution channel and expansion of marketing platforms for various products are assisting the growth of the audio devices market in terms of value.

Wireless earphones and headphones are becoming increasingly popular, driven by the convenience they offer and the growing adoption of smartphones and other mobile devices. Bluetooth technology is the most commonly used wireless technology for earphones and headphones, although other technologies such as Near Field Communication (NFC) and Wi-Fi are also being used.

The earphone and headphone market is also segmented by price range, with different products catering to different consumer segments. Entry-level products are affordable and offer basic features, while premium products offer advanced features such as active noise cancellation and high-quality audio.

Some of the major players in the global earphone and headphone market include Apple, Bose, Sennheiser, Sony, Jabra, Bowers & Wilkins, JBL, Skullcandy, Plantronics, and Shure.

It’s important to mention that lately the noise-cancellation headphones are becoming more popular, especially the active noise-cancellation headphones, they are expected to dominate the market share in the forecast period.

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Key Segments of Earphone and Headphone Industry Survey

Earphone and Headphone Market by Product Type:

• Earbuds
• In-ear
• On-ear
• Over-ear

Earphone and Headphone Market by Technology:

• Wireless
• Wired

Earphone and Headphone Market by Headset Type:

• ANC
• Non-ANC

Earphone and Headphone Market by Application:

• Personal Use
• Professional
  • Corporate Offices
  • Media & Entertainment
• Sports
• Gaming

Earphone and Headphone Market by Distribution Channel:

• Distributors & Value Added Resellers
• Retail Stores
  • Multi-brand
  • Exclusive
  • e-Commerce

Earphone and Headphone Market by Price Range:

• Low Price
• Medium Price
• Premium Price

Table of Content
1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Global Earphone and Headphone Market Demand Analysis 2013-2021 and Forecast, 2022-2028

4.1. Historical Market Size (US$ Mn) Analysis, 2013-2021

4.2. Current and Future Market Size (US$ Mn) Projections, 2022-2028

4.3. Y-o-Y Growth Trend Analysis

4.4. Market Snapshot