PORTLAND, OR, Sept. 12, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global Wireless Headphones Market was valued at US$42.7 billion in 2021 and is projected to reach US$156.5 billion by 2031, at a CAGR of 14.4% from 2022 to 2031. The report provides a detailed analysis of key investment pockets, key winning strategies, drivers and opportunities, as well as market size & estimates, competitive landscape and evolving market trends. The market study is a helpful source of information for frontrunners, newcomers, investors and shareholders to develop strategies for the future and to strengthen their position in the market.
Report coverage and details:
|Market size in 2021||$42.7 billion|
|Market size in 2031||$156.5 billion|
|Number of pages in the report||970|
|Covered Segments||Headphone Type, Distribution Channel, Category, Price Point, Technology, Application, Device Application and Region.|
|driver||Rapid increase in purchases of gaming gadgets|
|Development of hyper-realistic and immersive games in conjunction with the creation of hardware that can support the functions|
|occasions||Increasing consumer awareness of modern innovations in gaming devices and adoption of various business expansion strategies by the major players|
|limitations||That more and more customers are switching to wired headphones|
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- The ongoing trend towards working from home has increased the use of headphones – be it when interacting about business purposes or during leisure activities. This, in turn, had a positive impact on the global wireless headphones market.
- In addition, the pandemic led to a propensity for fitness activities that had been growing for millennia, further fueling the market growth.
The global wireless headphones market is analyzed on the basis of headphone type, distribution channel, category, price point, technology, application, device application, and region. The report provides a comprehensive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market participants can benefit from the breakdown and strategize based on the top revenue and fastest growing segments mentioned in the report.
Based on headphone type, the on-ear segment held almost three-fifths of the total market revenue in 2021 and is expected to dominate until 2031. The in-ear segment, on the other hand, would show the fastest CAGR of 16.0%. throughout the forecast period. The over-ear area is also evaluated in the study.
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Based on distribution channel, the independent retail store segment accounted for almost half of the total market revenue in 2021 and is expected to dominate until 2031. However, the “Other” segment would forecast the fastest CAGR of 15.6% for the whole forecast period. Other segments covered in the report include Supermarkets/Hypermarkets and E-Commerce.
Based on category, the branded segment accounted for more than three quarters of total market revenue in 2021 and is expected to dominate through 2031. The private label segment would simultaneously forecast the fastest CAGR of 15.1% throughout the forecast period.
Based on price point, the economic segment held almost half of the total market revenue in 2021 and is expected to dominate until 2031. The ultra-premium segment, on the other hand, would show the fastest CAGR of 16.1% throughout the forecast period.
Based on region, the global wireless headphones market in North America generated almost a third of the total market revenue in 2021 and is expected to retain the lion’s share until 2031. However, the Asia Pacific market would also exhibit the fastest CAGR of 15.3% over the forecast period. Other provinces analyzed in the report include Europe and LAMEA.
Major market players analyzed in the global Wireless Headphones Market report include Imagine Marketing Limited., Apple, Inc., Bose Corporation, Dolby Laboratories, Inc., Hifiman Corporation, HP Inc, Logitech, Mivi, Lenovo, BBK Electronics Corp . ltd Dell Inc., Philips NV., Samsung, Skullcandy, Sony, TCL, Demant Group, ASUSTeK Computers Inc. and Xiaomi. These market players have developed various strategies including partnerships, expansion, collaboration, joint ventures and others to highlight their power in the industry. The report is helpful in formulating the business performance, product portfolio, business segments and developments of the top players.
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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR strives to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market space.
We are in professional business relationships with various companies and this helps us to unearth market data which help us create accurate research data tables and confirm the highest accuracy of our market forecasts. Pawan Kumar, CEO of Allied Market Research, is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients succeed in any way possible. All data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable professionals and analysts in the industry.