San Jose, CA, 14, 2016 july –(PR.com)– According to a new market report published by Credence analysis, Inc. “Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By tech (Wired and Wireless Headphones and Earphones), and product sales Channel (Original Equipment maker Channel and Aftermarket Channel) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the worldwide over ear workout headphones and earphones market is likely to witness a reliable development, expanding at a CAGR of 6.2% from 2016 to 2023.
Look at Global Headphones and Earphones (By Type (In-Ear, On-Ear, and Over-Ear Headphones and Earphones), By Technology (Wired and Wireless Headphones and Earphones), and Sales Channel (Original Equipment Manufacturer Channel and Channel that is aftermarket – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/headphones-and-earphones-market
The demand that is global headphones and earphones is primarily driven by the perpetually growing demand for smartphones, tablets, and portable media devices. With the advancements in technology, not only have headphones and earphones become more light weight and compact, but also more feature rich (ex- incorporation of microphones, noise termination technology, and water resistant among others). Consequently, their applications have extended beyond individual activity and media to activities, video gaming, health care, and segments that are corporate. Furthermore, rise in consumer discretionary income and evolving consumer digital practices is anticipated propel the demand for headphones and earphones globally.
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The market that is global headphones and earphones is highly fragmented and competitive with the leading four manufacturers acquiring less than 45% of the global headphone and earphone market revenue share in 2015. In order to sustain and compete, manufacturers are required to focus on product innovation and new product developments. In addition, earphone and headphone manufacturers are increasingly focusing on strengthening their distribution channels and hence the reach. This will consequently enable stores to push different headphone and earphone variants to the market. A few of the leading and promising headphones and earphones manufacturers identified in the investigation study consist of Beats (Apple Inc.), Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Plantronics Pty Ltd., JVC Corporation, Philips Electronics Ltd., GN Netcom A/S(Jabra), Harman International Industries, Inc. (AKG), and Audio-Technica Corporation among others.
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Mobility revolution (Proliferation of Smartphones and Tablets) to help the marketplace growth
Evolving digital practices of consumers
Manufacturers are striving to develop smart headphones to make use of the trend that is growing health monitoring
Managed demand for in-ear headphones and earphones
Growing preference for wireless headphones and earphones
Trend towards lossless sound file platforms has opened brand new avenues for the high-end audio equipment
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