Earphones And Headphones Industry Overview

The global earphones and headphones market size was valued at USD 71,496.7 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030.

Increasing adoption of earphones and headphones during the workout is primarily expected to drive the market growth over the coming years. Gym-goers waste 30% of their workout time chatting, tangling earphones and headphones wires along with other workout distractions, and only 40 minutes of every hour is spent on exercise. More than 25% of the people spend 10 mins in untangling their headphones. This is also expected to be a primary reason why customers will prefer wireless earphones and headphones over the coming years. Moreover, the earphones and headphones market share in India is anticipated to grow due to the increased adoption of wireless technologies such as Wi-fi, Bluetooth, augmented reality (AR), and Virtual reality (VR) among others.

Gather more insights about the market drivers, restrains and growth of the Earphones And Headphones Market

Manufacturers target fitness-conscious customers by offering innovative features such as fitness monitoring and tracking in headphones. For instance, the BioSport Audio in-ear headphones powered by Intel offer health monitoring capabilities that include no exclusive batteries or chargers. BioSport relies on incorporated-in sensors and unique software to operate as heart monitor, pedometer, and other biometrics. Besides, the earphones and headphones software is designed in a way through which a user can monitor, plan, and implement fitness movements via a mobile application. The rise in popularity of streaming music services like Spotify, Apple Music, and Amazon Music has contributed significantly to the increase in demand for global earphones and headphones market. As consumers are widely adopting wireless headphones and earbuds, there has been a gradual shift towards conventional headphone jacks, which favor both wireless connectivity and Bluetooth, hence fostering market growth.

With consumers depending progressively more on streaming platforms for accessing and enjoying music, there is an exponential increase in the demand for high-quality audio devices. Furthermore, the range of uses for headphones and earphones has increased due to the rise of podcasts, audiobooks, and other audio content, making them essential equipment for a variety of activities. The industry is seeing constant growth and innovation because to the synergistic environment that has been established by the seamless integration of audio streaming services and audio devices.

Top brands are investing a lot of money in designing their earbuds to cater to the fitness industry’s demands. Fitness products require enhanced durability as they are often subjected to wet and dusty environments. Companies such as GN Store Nord A/S (Jabra), Sony Corporation, and Jaybird are working with athletes and health club owners to provide fitness-based features and better ergonomics. The earbuds are being offered with IPX ratings making them sweat and splash-proof to improve life and quality to suit the fitness industry.

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• The global augmented reality market size was valued at USD 57.26 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 39.8% from 2023 to 2030.
• The global audiobooks market size was estimated at USD 6.83 billion in 2023 and is expected to expand at a CAGR of 26.2% from 2024 to 2030.

Earphones And Headphones Market Segmentation

Grand View Research has segmented the global earphones and headphones market based on product, price band, technology, distribution channel, application, region:

Earphones And Headphones Product Outlook (Revenue, USD Million, 2018 - 2030)

• Earphones
• Headphones

Earphones And Headphones Price Band Outlook (Revenue, USD Million, 2018 - 2030)

• USD 50
• USD 50-100
• USD 100

Earphones And Headphones Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Wired
  • ANC
  • Others
• Wireless
  • ANC
  • Bluetooth
  • NFMI
  • Smart headphones
  • Others

Earphones And Headphones Distribution Outlook (Revenue, USD Million, 2018 - 2030)

• Online
• Offline

Earphones And Headphones Application Outlook (Revenue, USD Million, 2018 - 2030)

• Fitness
• Gaming
• Virtual Reality
• Music Entertainment

Earphones And Headphones Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • S.
  • Canada
• Europe
  • Germany
  • K.
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa

Key Companies profiled:

• Alclair Audio, Inc.
• Apple, Inc.
• Bose Corporation
• Grado Labs
• JVC Kenwood Corporation
• Koninklijke Philips N.V. (Philips)
• Logitech, Inc. (Including Ultimate Ears, LLC.)
• Panasonic Corporation
• Plantronics, Inc. (Acquired by HP Inc.)
• Pioneer Corporation
• Sennheiser Electronic GmbH Co. KG (Acquired by Sonova)
• SAMSUNG (Including Harman International Industries, Incorporated)
• Shure Incorporated
• Skullcandy, Inc. (Acquired by Mill Road Capital)
• Sony Corporation
• Zebronics India Pvt. Ltd.

Key Earphones And Headphones Company Insights

Some of the key players operating in the market include Apple, Inc.;Harman International Industries, Incorporated; and Sony Corporation among others.

• Apple Inc is engaged in manufacturing and providing mobile communication media devices along with personal computers. It also provides a range of software, services, accessories, and third-party digital content and applications. The products and services offerings include iPhone, iPad, Mac, wearables devices, and accessories.Earphones headphones are provided under the company’s wearable, home, and accessories product portfolio. Apart from earphones headphones, other offerings in the category include Beats products, iPod touch, Apple TV, HomePod, Apple Watch, and other accessories.
• HARMAN International Industries, Incorporated is one of the wholly-owned subsidiaries of SAMSUNG Electronics Co Ltd. HARMAN International manufactures connected products and solutions that include connected car systems, audio and visual products, enterprise automation solutions, and connected services. It offers products and solutions to automotive applications, private consumers, and enterprises across the globe.
• Sony Corporation is engaged in the design, development, and manufacturing of electronic devices and equipment such as television, cameras, headphones, and earphones among others. The company’s products are designed to cater to applications across professional, consumer, and industrial markets. It is also in the music recording business and is responsible for the production, distribution, management, and licensing of recorded music. Furthermore, the company also has a presence in motion pictures, television programming, digital networks, financial services, and non-life insurance businesses.

Recent Developments

• In September 2023, TP Vision and Kokoon introduced the Koninklijke Philips N.V. (Philips) N7808 sleep headphones, which combine TP Vision's design expertise with Kokoon's sleep science research. These ultra-thin (6mm) earbuds are designed for maximum comfort and have smart features such as audio fading to help sleep. Users that use the Kokoon App can track their sleep patterns and receive individualized coaching. A trial version of the software provides essential functionality, with paid membership available for extra skills.
• In September 2023, Bose Corporation introduced the latest additions to its QuietComfort line, the QuietComfort Ultra Headphones, Earbuds, and basic QuietComfort Headphones. These versions maintain the series for outstanding noise cancellation, high-quality music, and unparalleled comfort. Additionally, the QC Ultra variations include a luxury design and innovative Bose Immersive Audio, which improves the audio experience even further.

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