Wireless Headphones Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (In-Ear, Over-Ear, On-Ear), By Connectivity (Bluetooth, WIFI, NFC), By Technology (Active Noise-cancelling Headphones, Headsets, Ambient Sound Headphones, Bone Conducting Headphones), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2022 To 2027
- Published : Oct 2022
- Report Code : KSI061613741
- Pages : 145
The wireless headphones market was valued at US$6.709 billion in 2020. The market is projected to grow at a CAGR of 10.33%, to attain a value of US$13.352 billion by 2027.
Wireless headphones are those types of headphone devices that can connect with various devices such as smartphones, stereo speakers, laptops and PCs, and gaming consoles, among others, without any wires or cables. These headphones transmit audio signals with radio or infrared signals, which also depends on the type of device. The rapid adoption of technology has led to the development of new and advanced products. In addition, the miniaturization of these devices is leading to the wide adoption of wireless headphones for various purposes that include fitness, gaming, calling, and others. Furthermore, there is also a substantial increase in the gaming population due to the rapid penetration of smartphones and the internet. All these factors are expected to collectively contribute to the wireless headphone market growth during the next five years. Additionally, the booming adoption of wireless headphones in call centres, coupled with the growth in investments in new call centres, is further driving the demand for wireless earphones, thus bolstering the market growth during the next five years.
Moreover, the advancement of technology has led to the development of smartphones without headphone jacks, as the inclination of smartphone manufacturers to go wireless has also led to an upsurge in demand for wireless headphones, which is also considered a major factor boosting the market growth. Also, the growing investments by the key market players in the form of R&D for the development and launch of new products, coupled with the entry of new players in the wireless headphones market, are some of the key factors propelling the opportunities for the market to grow in the near future. For instance, in 2018, OnePlus Technology (Shenzhen) Co., Ltd., a leading smartphone manufacturing company globally known for its flagship smartphones, entered a new business segment of wireless earphones and launched the OnePlus Bullets Wireless in-ear Bluetooth headset. In addition, the growing consumer requirements are also leading to the development and launch of products with considerably low prices to cater to the growing requirements of the middle-income group by various companies such as Realme and SkullCandy, among others, further showing the potential for the wireless headphones market to grow throughout the forecast period. However, the rising penetration of new market players in the truly wireless segment is also providing an impetus for the market to grow in the near future. For instance, in April 2020, Guangdong OPPO Mobile Telecommunications Corp., a Chinese smartphone manufacturing company that manufactures mid-range phones, announced the launch of its latest and first truly wireless earbuds, the Oppo Enco W51. Similarly, other key smartphone manufacturers such as OnePlus, Mi, and Vivo, among others, have also announced their development of new truly wireless products and are expecting to enter the market by the end of 2020. This is also offering lucrative opportunities to the key market players to invest in the market and capture a greater market share over the other players.
The wireless headphones market has been classified based on type, connectivity, distribution channel, and geography. By type, the market segmentation has been done based on In-Ear, Over-Ear, and On-Ear. By connectivity, the segmentation has been done into Bluetooth, WiFi, and NFC. Geographically, the wireless headphones market has been classified into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
In-Ear segment to hold a decent share
On the basis of type, the In-Ear wireless headphones market is projected to hold a substantial share in the market throughout the forecast period because of the high adoption of In-Ear products due to better sound quality, convenience, and durability, among others. Furthermore, the Over-Ear segment is projected to witness healthy growth over the next five years, majorly on account of the growing gaming population coupled with the rising popularity of gaming consoles along with the integration of wireless connectivity technology in gaming consoles.
Online sales to show a robust growth
By the distribution channel, the offline segment is projected to hold a significant share throughout the forecast period primarily on account of the presence of a considerably large population base that is reluctant towards online shopping due to piracy and duplicity issues. However, the online segment is projected to show robust growth during the next five years because of booming growth in the online sale of these products due to sale offers and dynamic pricing across the online platforms.
Bluetooth connectivity to hold a noteworthy share
By connectivity, the Bluetooth segment is expected to hold a notable share in the market throughout the forecast period due to the comparatively large number of product offerings by companies with Bluetooth connectivity. Also, the recent development and launches of new Bluetooth products are one of the major factors supplementing the growth of this segment during the next five years.
APAC to show a healthy growth
The North American region is anticipated to hold a decent share on account of the early adoption of technology and the presence of key market players in the region. The market in the Asia Pacific region will witness healthy growth on account of inclination towards the use of wireless headphones due to increasing purchasing power coupled with numerous domestic companies in countries like India and China, among others.
- In May 2022, Sony launched a new wireless headphones series, WH-1000. The WH-1000XM4 headphones feature superior noise cancellation, superb sound quality, and smart listening that adapts to the user's behaviour and location.
- In January 2021, German-based Dixon partnered with Boat to produce twin wireless speakers. According to the contract, Dixon produced the products in an Indian facility ts high-quality audio equipment is renowned for its efficiency & style.,
- In December 2021, Oppo launched Enco M32 in the Indian market. According to the Guangdong-based firm, the product features a stable ear wing design that fits users' ears precisely. Oppo claims that a combination of comfort and longer battery life can provide users with more usage time.
- In May 2020, Xiaomi announced the launch of its latest Mi Air 2 SE true wireless earphones.
- In May 2020, OnePlus announced the launch of its new mid-segment wireless earphones, OnePlus Bullets Wireless Z.
- In October 2019, Apple Inc. announced the launch of its latest wireless earbuds offering AirPods Pro.
- In March 2019, Samsung Corporation announced its first-ever truly wireless earbuds in collaboration with AKG.
COVID-19 had a positive impact on the global headphones market. The adoption of work-from-home models and online classes across several firms and educational institutions increased the consumption of wireless headphones. The growing penetration of OTT platforms globally further boosted the demand for high-quality, wireless headphones.
Prominent key market players in the wireless headphones market include Bose Corporation, LG Electronics, Sony corporation and Apple Inc., among others. These firms hold a significant market share owing to their good brand image and product offerings. The report also mentions recent deals and investments of different market players over the last two years.
Wireless Headphones Market Scope:
|Market size value in 2020||US$6.709 billion|
|Market size value in 2027||US$13.352 billion|
|Growth Rate||CAGR of 10.33% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Connectivity, Technology, Distribution Channel, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Apple, Inc., Bose Corporation, Fujikon, Koninklijke Philips N.V., Sony Corporation, LG Electronics, Skullcandy, Inc., Harman International Industries, Incorporated, Panasonic Corporation, Sennheiser electronic GmbH & Co. KG|
|Customization scope||Free report customization with purchase|
- By Type
- By Connectivity
- By Technology
- Active noise-cancelling headphones
- Ambient Sound Headphones
- Bone Conducting Headphones
- By Distribution Channel
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the wireless headphones market size by 2027?
A1. The wireless headphones market is projected to reach a market size of US$13.352 billion by 2027.
Q2. What is the size of the global wireless headphones market?
A2. Wireless Headphones Market was valued at US$6.709 billion in 2020.
Q3. What are the growth prospects for the wireless headphones market?
A3. The global wireless headphones market is projected to grow at a CAGR of 10.33% over the forecast period.
Q4. What factors are anticipated to drive the wireless headphones market growth?
A4. The advancement of technology has led to the development of smartphones without headphone jacks as the inclination of smartphone manufacturers to go wireless which is a major factor boosting the wireless headphones market growth.
Q5. Which region holds the largest market share in the wireless headphones market?
A5. The North American region is anticipated to hold a decent share in the wireless headphones market on account of the early adoption of technology and the presence of key market players in the region.
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Wireless Headphones Market Analysis, By Type
6. Wireless Headphones Market Analysis, By Connectivity
7. Wireless Headphones Market Analysis, By Technology
7.2. Active noise-cancelling headphones
7.4. Ambient Sound Headphones
7.5. Bone Conducting Headphones
8. Wireless Headphones Market Analysis, By Distribution Channel
9. Wireless Headphones Market Analysis, By Geography
9.2. North America
9.2.1. North America Wireless Headphones Market, By Type, 2020 to 2027
9.2.2. North America Wireless Headphones Market, By Connectivity, 2020 to 2027
9.2.3. North America Wireless Headphones Market, By Distribution Channel, 2020 to 2027
9.2.4. By Country
9.3. South America
9.3.1. South America Wireless Headphones Market, By Type, 2020 to 2027
9.3.2. South America Wireless Headphones Market, By Connectivity, 2020 to 2027
9.3.3. South America Wireless Headphones Market, By Distribution Channel, 2020 to 2027
9.3.4. By Country
9.4.1. Europe Wireless Headphones Market, By Type, 2020 to 2027
9.4.2. Europe Wireless Headphones Market, By Connectivity, 2020 to 2027
9.4.3. Europe Wireless Headphones Market, By Distribution Channel, 2020 to 2027
9.4.4. By Country
126.96.36.199. United Kingdom
9.5. Middle East and Africa
9.5.1. Middle East and Africa Wireless Headphones Market, By Type, 2020 to 2027
9.5.2. Middle East and Africa Wireless Headphones Market, By Connectivity, 2020 to 2027
9.5.3. Middle East and Africa Wireless Headphones Market, By Distribution Channel, 2020 to 2027
9.5.4. By Country
188.8.131.52. Saudi Arabia
9.6. Asia Pacific
9.6.1. Asia Pacific Wireless Headphones Market, By Type, 2020 to 2027
9.6.2. Asia Pacific Wireless Headphones Market, By Connectivity, 2020 to 2027
9.6.3. Asia Pacific Wireless Headphones Market, By Distribution Channel, 2020 to 2027
9.6.4. By Country
184.108.40.206. South Korea
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. Apple, Inc.
11.2. Bose Corporation
11.4. Koninklijke Philips N.V.
11.5. Sony Corporation
11.6. LG Electronics
11.7. Skullcandy, Inc.
11.8. Harman International Industries, Incorporated
11.9. Panasonic Corporation
11.10. Sennheiser electronic GmbH & Co. KG
Koninklijke Philips N.V.
Harman International Industries, Incorporated
Sennheiser electronic GmbH & Co. KG
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