Headphone market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Headphone market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Headphone market size of various segments.
Headphones are used for listening to audio signals such as speech or music from video and audio devices such as radios, smartphones, MP3 players, desktops, gaming consoles, laptops, and other portable devices. Many headphones are equipped with microphones that allow users to communicate.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Headphone market projected to grow at a CAGR of 5.46% during the period 2017-2021.
Headphone Market Drivers, Challenges and Trends: –
Market Driver: – One of the major drivers for this market is rapid growth of sports headphones. biometric sports tracking headphones have rapidly gained prominence in the market since their inception. these headphones can be used to track heart rate, measure distance covered, and calculate calories burned during a workout. though there is no shortage of heart rate monitors in the market, for many users, headphones are a part of their training gear.
Market Challenge: – One of the major factors hindering the growth of this market is increasing popularity of counterfeit headphones. the availability of counterfeit products in the market is a major concern for headset manufacturers. apac is considered as the hub for counterfeit products because the products are easily available at very low prices. many people are buying such products because they are cheap and copies of big brands. the products are sold at less than a quarter of the price of the original product. counterfeit products are eating into the market shares of leading vendors, resulting in huge losses.
Market trend: – The latest trend gaining momentum in the market is growing consumer awareness. Consumers have always been victims of counterfeit mobile accessories in the past, and the issue is predominant in APAC, which is considered as the hub for counterfeit products. With the advent of social media, an increasing number of customers are becoming more aware of specifications, look, and style. The future of the global headphone market from a vendor’s point of view will depend on the amount allocated to the R&D sector and on how it intends to satisfy customers’ expectations in terms quality of service and quality of experience
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Market segmentation by product:- by regular headphones, by smart headphones
Market segmentation by type:- by in-ear headphones, by on-ear headphones, by over-ear headphones
Market segmentation by technology:- by wired headphones, by wireless headphones
Market segmentation by connecting port:- wired by connecting port, wired by 3.5-mm jacks, wired by lighting ports, wired by type-C ports
Geographic Segmentation: – Americas, APAC, EMEA
To calculate the Headphone market size the report considers the revenue generated from the sales of headphones The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Headphone market like Beats Electronics, Bose, Sennheiser, Skullcandy, Sony and many more.
Some of the Exhibits included in Headphone Market report: –
Exhibit 01: Product offerings
Exhibit 02: Overview of global headphone market
Exhibit 03: Global headphone market 2016-2021 ($ billions)
Exhibit 04: Global headphone market 2016-2021 (millions of units)
Exhibit 05: ASP of headphones in global market 2016-2021 ($)
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With geographic breakdown of the Headphone market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.