Earphones & Headphones Market Size, By Product (Earphones, Headphones), By Technology (Wired, Wireless), By Application (Personal, Corporate), By Distribution Channel (Online, Offline), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competi

Earphones & Headphones Market Size, By Product (Earphones, Headphones), By Technology (Wired, Wireless), By Application (Personal, Corporate), By Distribution Channel (Online, Offline), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

The earphones & headphones market is projected to expand significantly by 2028 on account of the growing popularity of sound assistance across key regions. Moreover, growing spending on consumer electronic goods across the world is estimated to foster market expansion over the forecast timeline.

The recent work from the home trend has created a global surge in the demand for consumer electronics. Online meetings and conferences have prompted employees to invest in necessary equipment to work efficiently from their homes. In addition, the COVID-19 pandemic-induced lockdowns have also encouraged people to look for digital forms of entertainment on various OTT platforms, which has fueled product adoption since the start of the pandemic.

Meanwhile, various technological advancements to improve the sound quality and designs of earphones and headphones have augmented market uptake.

Several Industry players have been launching innovative products iterations to capitalize on the emerging trends in the market, thereby strengthening the overall business outlook. For instance, in October 2021, Apple, Inc., a global technology giant, launched its third generation of AirPods, which has been designed to offer improved features, including spatial audio, sweat and water resistance, extended battery life, and novel contoured design.

Similarly, In September 2020, Bose Corporation, a prominent audio equipment manufacturer, launched its novel noise canceling headphones, dubbed the QuietComfort® Earbuds, which boast an attractive in-ear design, making it a suitable workout or sport accessory. The QuietComfort® Earbuds have been developed to offer enhanced noise cancellation and better audio quality.

The earphones & headphones market has been segmented on the basis of distribution channel, product, application, technology, and region.

From the viewpoint of product, the market has further been bifurcated into headphones and earphones. The headphones sub-segment is expected to attain a substantial valuation by the end of the assessment period on account of growing preference for sound assistance and Wi-Fi-enabled headphones.

With respect to technology, the earphones & headphones market has been categorized into wireless and wired. The wireless sub-segment is set to showcase exponential growth through the forecast period owing to the rising adoption of wireless headsets among sports and fitness enthusiasts.

From the regional spectrum, the Latin America earphones & headphones market is speculated to progress at a considerable growth rate over the analysis timeframe. Prevalent consumption of content from OTT platforms is estimated to boost product demand in the region.

The Middle East & Africa earphones & headphones market is foreseen to garner notable gains through 2022-2028. Recent advancement in the active noise cancellation technology is likely to drive regional market growth over the forthcoming period.