San Jose, CA, 14, 2016 july –(PR.com)– According to a market that is new 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 cordless Headphones and Earphones), and product sales Channel (Original gear maker Channel and Aftermarket Channel) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the worldwide over ear workout headphones and earphones marketplace is likely to witness a reliable growth, 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 product sales Channel (Original gear Manufacturer Channel and Aftermarket Channel) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/headphones-and-earphones-market
The global demand for 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 lightweight, but additionally more feature rich (ex- incorporation of microphones, sound cancellation technology, and waterproof among others). Consequently, their applications have actually extended beyond individual entertainment and media to recreations, gaming, medical, and segments that are corporate. Furthermore, rise in consumer discretionary income and evolving customer 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 product that is new. 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 variations into the market. A few of the leading and promising headphones and earphones manufacturers identified in the study 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 Jabra that is a/S() Harman International Industries, Inc. (AKG), and Audio-Technica Corporation and others.
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Flexibility revolution (Proliferation of Smartphones and Tablets) to assist the market growth
Evolving digital habits of customers
Manufacturers are striving to develop smart headphones to make use of the growing trend towards health and fitness monitoring
Managed demand for in-ear headphones and earphones
Growing preference for wireless headphones and earphones
Trend towards lossless sound file platforms has exposed new avenues for the high-end audio equipment
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