Earphones & Headphones industry Overview

Earphones and Headphones are electronic audio devices that enhance the listening experience
through the use of the Active Noise Cancellation method. These devices consist of a pair of
small loudspeakers equipped with electroacoustic transducers, which convert electrical
signals into sound. It can connect to the source signal in both wired and wireless modes.
There are many different types of headphones and earphones available, all of which are easy
and comfortable to wear.

It is widely accepted in the music and entertainment industries, telecommunications

departments, gaming zones, and a variety of other settings. Digital entertainment is becoming
more popular and widely used all over the world. Furthermore, consumer products such as
digital cameras, portable music players, game consoles, and so on) aided in the growth of the
electronic products industry.

The most recent advancements in the field of personal computers, including desktops and
laptops, have resulted in a significant increase in the global Earphones and Headphones,
which leads to the innovation of new processors and other system components. The
increasing adoption of electronic devices, such as enhanced GPS – (Global positioning
system), car entertainment, parking systems, and driving assistants, is driving the global
growth of the automotive industry.

Market size and Key Market Trends

The global earphone and headphone market size exceeded USD 85 billion in 2021, with a 7.1
percent growth rate from 2013 to 2021. (Refer to exhibit 1.2)

Over the last few years, there has been a significant increase in the global sales of
smartphones and mobile phones, particularly in developing countries. As the use of mobile
devices has increased, so has the demand for earphones and headsets.

To gain a competitive advantage in the earphone and headset market, key providers relied
heavily on strong distribution channels, such as multi-brand distributors and earphone and
headset retailers, to improve product availability. Thus, the expansion of marketing platforms
for various products and the strengthening of distribution channels have aided the growth of
the audio devices market in terms of value.

Earphones and headphones have advanced faster than any other technology, with better
batteries and voice assistants quickly being integrated. Integrated streaming and touchscreen
displays are touted as the next advancement in earphone and headphone technology, aligning
well with brands' desire to differentiate themselves through style.

Key Market Players

 Samsung Electronics Co., Ltd.

 Sony Corporation
 Apple Inc.
 Bose Corporation
  Sennheiser Electronic GMBH & Co. Kg
 LG Electronics Inc.
 Skullcandy, Inc.
 Intel Corporation
 Bragi GMBH
 Koninklijke Philips N.V.

Market Segmentation

The global earphone & headphone market is segmented based on type, technology, price,
distribution channel and region (Refer to exhibit 1.1)

Impact of COVID-19 on Earphone and Headphone Consumption

The COVID-19 pandemic had a minor impact on the earphone and headphone market's
growth. As a result of the pandemic, government organisations were forced to implement
strict shutdown measures and travel bans, disrupting logistics, supply chain, and production
capacities and affecting total sales. However, as a result of the imposed travel restrictions,
consumer interest in online streaming platforms to view movies, web series, and talk shows
increased, driving earphone consumption significantly. To a large extent, work from home
augmented demand for earphones and headphones.
 EXHIBITS
Exhibit 1.1

Key Segments of Earphone and Headphone Industry

Earphone and Headphone Market

 By Product Type:

 Earbuds
 In-ear
 On-ear
 Over-ear

By Technology:

 Wireless
 Wired

By Headset Type:

 ANC
 Non-ANC

By Distribution Channel:

 Distributors & Value Added Resellers

 Retail Stores
o Multi-brand
o Exclusive
o e-Commerce

By Price Range:

 Low Price
 Medium Price
 Premium Price

By Region:

 North America
 Latin America
 Europe
 East Asia
 South Asia & Pacific
 Middle East & Africa (MEA)
Exhibit 1.1

Global Earphones And Headphones Market Segmentation Analysis

Exhibit 1.2

Exhibit 1.3