Global smart headphones market is expected to reach USD 7.48 billion by 2022, according to a new report by Grand View Research, Inc. Increasing acceptance of bluetooth wireless technology paired with developments including water resistant features and recalibration functions is estimated to propel product demand. Increasing adoption of headphones particularly while working out and during office hours is expected to fuel growth. Development resulting in incorporation of MP3 player in smart headphones is expected to result in demand growth.
Shifting
consumer preference towards purchasing expensive headphones and earphones for
enhanced listening experience is anticipated to drive industry growth over the
next few years. Surge is replacement market coupled with availability of
advanced features is expected to drive market demand over the forecast period.
Customers are increasingly opting for these devices owing to their high
fidelity, style and availability of technologically advanced products. However,
high cost as compared to conventional headphones is expected to pose challenge
to industry growth. Issues pertaining to power consumption and user interface
might pose serious challenges to market growth.
Full Research Report On Smart Headphones Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/smart-headphones-market
Further key
findings from the report suggest:
- Wireless segment accounted
for over 75% of the overall revenue in 2014, and is expected to witness
rapid growth at a CAGR of over 20% from 2014 to 2022 owing to increasing
adoption especially in call centers, fitness centers and entertainment or
gaming arenas.
- Growth in the wired segment
can be primarily attributed to benefits offered by these devices over
their counterparts such as low power consumption and cost. Wired
headphones also offer better durability and ease of use for consumers.
- North America accounted for
more than 40% of the overall share in 2014, and is also estimated to
exhibit highest growth over the next few years owing to early technology
adoption ensuring faster penetration.
- Asia Pacific smart
headphones market is anticipated to exhibit substantial growth over the
foreseeable future in light of rising consumer disposable income of
customers in India, Japan Taiwan and Korea. Consumers in the region have
high preference for technologically advanced products and with the
aforementioned factors, smart earphones demand is expected to witness
growth over the next seven years.
- Key market participants
include Bragi, Intel, LG, Sennheiser, Huawei, Chipsip, Sony, Samsung,
Valencell and Cosinuss. Industry participants strive to develop light
weight products with advanced audio solutions and high noise cancellation
features that offer better listening experience along with better
connectivity. Vendors also emphasize on enhancing distribution channels
through multiple partnership and long-term contracts to ensure stable
supply of headphones.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/smart-headphones-market/request/rs1
Grand View Research has segmented
the global smart headphones market on the basis of product and region:
Smart Headphones
Product Outlook (Revenue, USD Million; 2014 - 2022)
- Wired
- Wireless
Smart Headphones
Regional Outlook (Revenue, USD Million; 2014 - 2022)
- North America
- Europe
- Asia Pacific
- RoW
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.
For more info visit @ https://www.grandviewresearch.com
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