The headset market size is estimated to reach
approximately USD 20,465.7 million by 2024, according to a new study conducted
by Grand View Research, Inc. The rise in the disposable income is remarkably
driving the demand for application-specific headsets. The increase in consumer
spending for consumer electronic products has significantly spurred the market
growth. The growing demand for improved design and style is anticipated to
favorably impact the industry growth. In addition to this, increasing
popularity and adoption of smartphones, portable music players, laptops,
tablets, and other mobile devices are expected to catapult the industry growth
prospects.
Enhanced audio quality acoustics offered by in-ear
products is substantially bringing traction in this industry. The advent of
innovative technologies such as Bone Conduction, Near-field Magnetic Inductance
(NFMI) Technology, and Design Improvements has led the market to gain traction
globally.
Browse full research report on Headset
Market: https://www.grandviewresearch.com/industry-analysis/headset-market
Further key
findings from the study suggest:
- The in-ear product segment is projected to gain momentum over the
forecast period. The segment was valued at approximately USD 5,162.4
million in 2015 and is projected to reach approximately USD 9,616.7
million by 2024, expanding at a CAGR of 7.2% from 2016 to 2024.
Miniaturization, portability, and better comfort are the key advantages
impelling the growth of in-ear headsets segment.
- Headsets within the pricing range of USD 50-100 are predicted to
witness a high demand during the forecast period. This is mainly due to
the introduction of cost-effective quality products within this segment.
This segment demand was valued at 95.0 million units in 2015 and is
expected to grow at a CAGR of 12.4% from 2016 to 2024.
- The commercial application segment is experiencing significant
growth owing to the increasing adoption of headsets in BPO enterprises and
the media and entertainment industry. The growing demand for enhanced user
experience while playing PlayStation or high-quality graphics games on
mobile applications has increased the demand for gaming and VR headsets as
it stands today. The trend is likely to continue over the forecast period.
- The Asia Pacific region is estimated to be the key market over the
forecast period, owing to the increasing demand for headsets in countries
such as China, India, and Japan. The availability of low-cost headsets
from regional manufacturers is impacting the growth of the headset market
positively. Additionally, the availability of affordable headsets
manufactured byte leading players in order to remain competitive has also
bolstered the market growth in this region. The growing competition among
the third-party e-commerce channels (backed with large pockets venture
capitals) is another key factor fueling the industry growth.
- The key vendors dominating the industry include Apple, Inc.,
Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Bose
Corporation, JVC Kenwood Corporation, Alclair Audio, Harman International
Industries, Inc., and Panasonic Corporation
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/headset-market/request/rs1
Grand
View Research has segmented the global headset market based on product, price,
technology, application, and region:
Headsets
Product Outlook (Revenue (USD Million), Volume (Million Units), 2013 - 2024)
- In-ear
- Over-ear
Headsets Price
Outlook (Revenue (USD Million), Volume (Million Units), 2013 - 2024)
- < 50
- 50-100
- > 100
Headsets
Technology Outlook (Revenue (USD Million), Volume (Million Units), 2013 - 2024)
- Wired
- ANC
- Others
- Wireless
- ANC
- Bluetooth
- NFMI
- Smart Headphones
- Others
Headsets
Application Outlook (Revenue (USD Million), Volume (Million Units), 2013 -
2024)
- Personal
- ANC
- Others
- Fitness/Sports
- Gaming
- Virtual Reality
- Casual
- Commercial
- Commercial
- Media and
Entertainment
- BPO Enterprises
- Professional
Headsets
Regional Outlook (Revenue (USD Million), Volume (Million Units), 2013 - 2024)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- The Middle East and
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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