Global Headphones / Earphones Market to Reach $275.3 Billion by 2030
The global market for Headphones / Earphones estimated at US$74.4 Billion in the year 2023, is expected to reach US$275.3 Billion by 2030, growing at a CAGR of 20.6% over the period 2023-2030. Earphones, one of the segments analyzed in the report, is expected to record 22.4% CAGR and reach US$172.2 Billion by the end of the analysis period. Growth in the Headphones segment is estimated at 18% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.9 Billion, While China is Forecast to Grow at 26.3% CAGR
The Headphones / Earphones market in the U.S. is estimated at US$18.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$77.3 Billion by the year 2030 trailing a CAGR of 26.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.1% and 17.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15.7% CAGR.
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