Global Headphones Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Headphones Market Outlook

• Video calling is the second most important use of headphones globally.

• China and India are witnessing a significant surge in the demand for truly wireless earbuds.

• Cost-effective earbuds available on online distribution channels are expected to gain significant popularity.

Global Headphones Market Growth

Truly wireless earbuds have emerged as one of the most popular types of headphones, the adoption of which has almost doubled since its launch (from 23% to 42%). Increasing consumption of gaming content and online videos are primary drivers of this trend. As technological improvements in existing earphone designs give rise to new devices with excellent battery life, low latency, and higher resolution audio, the appeal of high-quality headphones is expected to increase further in the forecast period.

Consumers typically pair headphones with their smartphones. Hence, major smartphone manufacturing companies are attempting to introduce earbuds as a standard accessory with mobile phone purchases, thereby driving the market development.

Active noise cancellation (ANC) features have emerged as one of the most important parameters for making a headphone purchase decision. This is because consumers use headphones extensively in outdoor environments like public transport rides and offices, and ANC helps in improving their overall sound quality and listening experience.

Advancements in Bluetooth technology, such as the introduction of Bluetooth 5.2 which comes with LC3 codec and has Isochronous Channels, are expected to propel the market forward. The LC3 codec has the potential to compress great quantities of audio data using lower power, thereby improving audio quality without compromising on power efficiency. Isochronous Channels can allow users to connect to multiple devices simultaneously, thereby eliminating the requirement of connecting to each device manually.

Global Headphones Industry Segmentation

Global Headphones Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Wired

• Wireless

Market Breakup by Application

• Fitness

• Gaming

• Virtual Reality

• Music and Entertainment

Market Breakup by Distribution Channel

• Online

• Offline

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Headphones Market Share

Based on application, the market is divided into fitness, gaming, virtual reality, and music and entertainment, among others. Over the forecast period, fitness is expected to emerge as a key market segment, as an increasing number of consumers switch towards in-home workout sessions and demand high-quality audio systems that enable them to follow the instructor’s classes effectively.

Leading Headphones Companies in the Global Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• Samsung Electronics Co. Ltd. (Harman International Industries, Inc.)

• Sony Group Corp.

• Panasonic Holdings Corp.

• Apple Inc.

• HP Inc.

• Koninklijke Philips N.V.

• Yamaha Corp.

• Sennheiser electronic SE & Co. KG

• Skullcandy Inc.

• Bose Corp.

• Shure Incorporated

• Others

Major market players are introducing sustainable and energy-efficient models of air cooled headphones for commercial and personal usage.

Key Highlights of the Report